The Bon Homme County independent. [volume] (Tabor, S.D.) 1904-1913, 1909-12-09

Uses most consistent with its dignity. IT.
duty to American interests and Its moral
obiigations to Central. America and to
Tho Far East.
In the far east this government pre-
Ing the principle OF equality. of opportun-
isy a Of , %SsSr9 dSins.s r emDISs. for % w The n,nt na.
icy are pledged the Interested powers Of
Doth east n west.
taken the 's aSoliti Sa i " E ifi wi hss a un %od-
customs tariff along With currency re-.
%a cdTm ueei se r fnrai1n c being g OF nantes rs,t
as to the interests Of China. this gov
m is e~ndeavoring to facilitate these
s rasyrs powers aea the w Rssafq Il a sppearsd ths at
Chinese likin revenues were to be hypoth-
ecated to foreign bankers in connection
W v,nn a great railway project. It was OBJ
tionais held his loan would have a GER
tam direct Interest In the question of the
carrying out by Chine Of the reforms in
resented a practical and real applica-
o onsr. 81 o the oPen door policy through CO.
the reforms referred to above, the admin
istration deemed American participation
TO be OF great national interest. Happily,
when It was as a matter Of broad policy
urgent that this opportunity should not
be lost, the Indispensable fundamentally
Presehted itself a group of Amer
ana great resources, agreed at once to
snare In the loan upon precisely such
terms as this government should approve.
Ine chief OF those terms was that Amer
lean railway material should be upon. an
exact equality with that Of the other ma
tionals Joining In the loan In the placing
After months OF negotiation the equal
participation Of Americans seems at last
Ssspr ED. + is gratifying that Americans
sion Of these great highways Of trade,
and to believe that such activities will
give a real impetus to our commerce and
historic policy in the far east.
In one Of the Chinese-Japanese con-
xentions OF September I of this year
siderable public apprehension In that
upon Its face 1t was believed In some
quarters to seek to establish a monopoly
Manchurian and Antung-Mukden rail-
roads. and thus to exclude Americans
from g wide field Of enterprise. to take
China en- itled. After a thorough exam
inatfon OF the conventions and Of the
severa. contextual documents. the secre-
no such monopoly was intended or ac-
| widespread discussion Of this question, to
s sHerm ane m D1e% i II na1 rsae me ,m .nls
y. 4e ~ shO AAhPS
and received from each official assurance
mat the Provision had no purpose incon-
portunity to which the signatories, In
common with the United States. are
Our traditional relations with the Jap
anese empire continue cordial as usual.
The arrangement of 1908 for a %co-opera-
tive control Of the coming of laborers to
the United States has proved to work
satisfactorily. The matter of revision OF
the existing treaty between the United
States and Japan which is terminable in
countries.
Department Of State.
I earnestly recommend to the favorable
action or the congress the es climates sub
mitted by the department of state and
in the Secretary Of states tste's'i letter us 81 this
date whereby 1t will be possible to devel-
op and make permanent the reorganiza-
In a manner to make 1t a thoroughly eff
ficient instrument In the furtherance of
U foreign trade and of American in
The consular service has been greatly
improved under the law of April 3, 1906,
and the executive order Of June q. 1906,
question Of embodying in a statute the
principles of the present executive order
upon which the efficiency Of our consular
service Is wholly dependent.
Government Expenditures.
Perhaps the most important question
presented to this administration Is that of
economy In expenditures and sufficiency
OF revenue. TIL deficit Of the last fiscal
rent year, prompted congress to throw a
greater responsibility on the executive
and the secretary of the treasury han
had heretofore been declare by statute.
rotary Of the treasury the duty Of assem-
bling all the estimates of the executive
departments bureaus. and offices, Of the
expenditures necessary in the ensuing ifs.
cal year, and Of making an estimate Of
the revenues OF the government for the
same period; and IL a probable deficit is
thus shown, 1t Is made the duty of the
president to recommend the methods by
which such deficit can be met.
The report Of the secretary shows that
the ordinary expenditures for the current
fiscal year ending, June. 30, 1910, will ex-
coed the estima ted receipts by $A .075, $40.
II to this deficit is added the sum to be
ing to $SS, 900, 900. and $1,000, 900 to be paid
on the public debt. the deficit Of ordinary
receipts n expenditures will be in
This deficit the secretary proposes to
meet by the proceeds Of bonds issued to
pay the cost Of constructing the Panama
The policy Of paying for the construc-
ton of the Panama canal. not out of cur
rent revenue, but by bond issues, was
adopted in the Spooner act of 1907. and
parting from the principle by which a
part at least of the burden Of the cost
Of the canal shall fall upon our posterity
who are tc enjoy ii. and there is all the
more reason for this view because the
actual cost to date of the canal, which
Is now half done and which will be COM
pieted by January 1, 1915. shows that the
cost of engineering and construction will
be 1921, 10000. instead of $139, 705, 200. as
originally estimated. In addition to en-
cheering and construction, the other ex-
penses, Including sanitation and govern
ment, and the amount paid for the prop
critics., the franchise. and the privilege
Of building the canal, increase the cost
Increase in the cost. Of engineering and
construction Is due to a substantial en-
largement Of the plan of construction by
widening the canal 100 feet In the Guile
bra cut and by increasing the dimensions
Of the locks, to the underestimate of the
quantity Of the work to be done. under
the original plan, and to an underestimate
| Of the cost of labor and materials both
Of which have greatly enhanced In price
since the original estimate was made.
Low Estimates Made.
In order to avoid a deficit for the ensu-
ing fiscal year, l directed the heads of de-
partments in the preparation Of their esti-
| consistent with imperative governmental
necessity. The result has been, as I am
advised by the secretary of the treasury,
that the estimates Of the expenses of the
! government for. the fiscal year nding
June 80. 19l1-that Is. for the next fiscal
year-are less by $50, $50, 900 than the total
| Of appropriations for the current fiscal