The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1909-03-04

hands Of the federal executive the
means Of enforcing the treaty rights
Of such aliens in the courts Of the
federal government Il puts our gov
ernment in a pusillanimous position I'd
make definite engagements to protect
aliens and then excuse the failure to
perform those engagements by an ex
PLANTATION that the du-y to keep them
is in states or cities, not within our
control If we would promise, we must
put ourselves in a position to perform
our promise. We cannot permit the
possible failure of justice que to local
prejudice in any state or municipal
government to expose US to the risk
Of war which might be avoided by
federal jurisdiction was asserted by
suitable legislation by congress and
carried out by proper proceedings in
stituted by the executive. in the courts
of the national government.
One Of the reforms Of our monetary
ana banking laws. SO as to secure
greater elasticity in the forms of cur
rency available for trade. and to pre-
vent the limitations of law from oper-
ating to increase the embarrassments
OF financial panic. The monetary
commission lately appointed is giving
full consideration to existing condi-
tions and TO all proposed remedies and
will doubtless suggest one that will
meet the requirements of business and
Of public interest We may hope that
the report will embody neither the
narrow view to those who believe that
the sole purpose Of the new system
should be to secure large return on
banking capital or Of those who would
have greater expansion of currency
with little regard to provisions for its
immediate redemption or ultimate Sc
curity. There is no subject of econ
omic discussion so intricate and so
likely to evoke differing views and
dogmatic statements as this one The
commission in studying the general in
Huence of currency on business and of
business on currency, have wisely ex-
tended their Investigations in Euro
pean banking and monetary methods.
The information that they have de-
rived from such experts as they have
found abroad viii undobtedly be found
helpful in the solution OF the difficult
problem they have in hand.
The incoming congress- should
promptly fulfill the promise of the re-
publican platform and pass proper
postal savings bank bill. 1t will not
be unwise or excessive paternalism.
The promise to repay by the govern
ment will furnish an inducement to
savings deposits which private enter
prise cannot supply, and at such a low
rate Of interest as not to withdraw |
custom from existing banks ~ viii !
increase the funds avail
able for investment as capital in use
full enterprises 1t will furnish the |
absolute security which makes the |
scheme of government guar
anty OF deposits SO alluring without
its pernici0us results
| sincerely hope That the incoming
will be alive, as it should be,
TO the Importance of our foreign trade
and of encouraging it in every way
feasible. The possibility of increasing
This trade in the Orient, in the Phillip
pines and in South America are I
known to everyone who has given the
matter attention. The direct effect of
lree trade between this country and
he Philippines win be marked upon
our sale of oottons, agricultural mach
merry and other manufacturers. The
necessity of the establishments of di-
'ect lines of steamers between North
md South America has been brought Il
o the attention of congress by my h
and by Mr. Root before I;
md aften his noteworthy visit to that
and | sincerely hope that 4,
may be induced to- see the
wisdom of tentative effort 10 estab-
ish such lines by the use of mail sub
iidiesA
The Importance which the depart
nent of agriculture and of commerce :
md labor may play in ridding the mar
Jets of Europe of prohibitions and dis !
against the importation
If our products is fully understood and {
I is hoped that the use OF the maxi '
mum and minimum feature of our tar {
fl law to be soon passed will be ef- I
ective to remove many of those re- {
trictions. Z
The Panama canal will have a most {
important bearing upon the trade be-
ween the eastern and the far western {
sections of our country, and viii great