Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1909-12-08


= was - . matter Of broad no,,,- 4
gent that this opportunity sh.msy =
- lost. the indispenssb bic ins,rr. g
~ presented itsalf when . sras
American bankers " interrs.y e
reputation ara great resourrss a
q oncs to shafe In the loan upor -
cissly snch terms - this royssaI -
should approvA The chief a. ~
terms was that American railv..
terial should Be upon an exact 49,. - ~
with that Of the other natIons,s ' .
ing b the loan In the placinv !. ~
ders for this whols railroad .,...
After months Of negotiation the s ssn
participation Of Americans seems sD j.
last assured. y
| In one Of the Chinese Janan... Z
ventions Of Sept. Of this vs.s son
] was Z provision which caused co sS.s
cradle public apprehension IN -.
upon In face It was believed n .a ..'
quarters to sesk to establish = mosss 'e
oily Of mining privileges along ~
South Manchurian and Antunc.usS
den railroads and thus to erc,ns'
Americans from . wide Geld Of en,s.
prise, to take part In which they vs..
by treaty with China entitled A.
thorough examination Of the convss
lions and Of the several eopts,,rs,
documents the secretary Of state re.ch
ed the conclusion that no such monor
oily was intended or accompllsbaa
This government made inquiry Of n.
imperial Chinese and japanese INV
ernments and received from each an
cial assurance that the provision baa
no purpose inconsistent with the noll
cy Of equality Of opportunity to which
the signatories, In common with ths
United States. are pledged.
Our traditional relations with m.
Japanese empire continue cordial. 4,
usual. The arrangement Of 1905 far
a cooperative control OF the coming
Of Iaborers 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 1912 ia
already receiving the study Of both
countries
The Department Of State.
earnestly recommend TO the favor.
able action Of the congress the est.
mates submitted by the department Of
state and most especially the legisla.
ton suggested In the secretary Of
states letter Of this date whereby II
will be possible to develop and make
permanent the reorganization Of the
department upon modern lines In a
manner to make It thoroughly eff.
ficient instrument In the furtherance
OF our foreign trade and OF American
interests abroad.
Under provision Of the act Of Aug
9, 1909. have appointed three officials
to assist the officers Of the government
In collecting information necessary to
a wise administration Of the tariff act
Of Aug. 8. 1909. As to questions Of
customs administration they are CO.
operating with the officials of the
treasury department and as to matters
Of the needs and the exigeneies of cur
manufacturers aud exporters With the
department Of commerce and labor In
Its relation to the domestic aspect OF
the subject of foreign commerce.
AS a consequence of section of the
tariff act of Aug. 8. 1909. 1t becomes the
duty Of the secretary Of state to con.
duct as diplomatic business all the
negotiations necessary to place him In
a position to advise me as 10 whether
or not a particular country undnly dis
eliminates against the United States
in the sense of the statute referred to.
Government Expenditures and Rev
snues.
Perhaps the most important CUES
ton presented to this administration
Is that OF economy In expenditures and
sufiiciency Of revenue.
The report OF the secretary shows
that the ordinary expenditures for The
current fiscal year ending June W.
1910. will exceed the estimated re-
ceipts by $34.O75.t20. II to this deficit
are added the sum to be disbursed FOL
the Panama canal. amounting to S3s'
O00.0O0. and xi.000.0O0 to be paid Oh
the public debt. the deficit of ordinar!
receipts and expenditures will be III
creased to total deficit OF SI3.oI5.o2u
This deficit the secretary proposes q
meet by the proceeds OF bonds issued
to pay the cost of constructing th'
Panama canal approve this pro
posaL
The Panama Canal.
The policy Of paying for the con
struction Of the Panama canal mol
out Of current revenue. but by bono
issue. was adopted In the Spooner ac,
Of 1902. and there seems to be no gooe
reason for departing from the primer
pie by which part at least OF tn'
burden Of the cost Of the canal shai
fall upon our posterity, who are u
enjoy 1t, and there Is all the more rea
son for this view because the actua
cost to date of the canal, which is nov
half done and which will be completes
Jan. =. 1918. shows that the cost o
engineering and construction WIN y
1921. 76600O instead Of 1888. Ioo'2oo y