The Farmville herald. [volume] (Farmville, Va.) 1890-1934, 1909-12-10
He Favors Postal Savings Banks and
Urges Ship Subsidy Law-Legisla-
ton Against Injunction Without
Notice Recommended.


perlty, and he adds that there is
every reason to believe that we are on
the eve of substantial business ex-
pansion, and We have just garnered a
harvest unexampled In the market
value Of our agricultural products"
The president expresses entire con-
fidence that the duty imposed upon
the executive, OF enforcing the maxi
mum rates Of the new tariff law
against nations unduly discriminating
against the United States will not pro-
woke any tariff war, and he favors no
further tariff tinkering at least until
the new tariff commission shall have
completed its work Of gathering In
formation as 10 the relative cost Of
producing dutiable articles in this
country and abroad This task he ex-
poets VIII occupy two or three years.
What Mr.. Taft Favors.
Corporations -- The president ex-
presses opposition TO the proposed i'm
mediate congressional investigation of
the sugar import scandals in the New
York custom house Mr.. Taft says he
will send a special message 10 con-
gress relative TO amendments 10 the
Sherman act and the interstate COM
merce law.
The Tariff-The president deems it
unwisc to attempt any further revis-
Ton Of the tariff until the facts are at
hand, after careful and deliberate in
vestigaiion. upon which such revision
can be properly undertaken
Nicaragua The message contains
10 specific recommendation regarding
the crisis Of Nicaragua, but President
TAFT intimatos that IT may be ncces-
sary for him TO send a special message
90 congress relative TO this question.
Finance.-The ordinary expendi-
lures for the current fiscal year will
exceed the estimated receipts by s34.-
O75620. If 70 this deficit is added the
sum TO be disbursed for the Panama
canal. and the s1.000.000 10 be paid on
the public debt. the deficit will be in
creased to s73.O75.620 The secretary
Of the treasury proposes 10 meet this
deficit by the proceeds Of bonds IS
sued TO pay the cost OF constructing
the Panama canal The fiscal year
ending June 80. 1911. will show a
small surplus Of s712.O00.
Ship Subsdy-The passage Of a
ship subsidy bin is earnestly urged by
President Taft
Postal Savings Banks.-The estab-
lishment of postal savings banks Is
recommended. the president pointing
ont that they will not compete with
other banks He considers them neces-
sary in order to offer a proper induce
ment to thrift
Iniunctions--In compliance with
the Republican platform. Mr. Taft
recommends the enactment Of laws
under which no injunction or temper
airy restraining order may be issued
without notice. except where irrcpar-
able injury would result from delay.
The Courts The expedition with
which business IS disposed of both on
tho civil and criminal s'do of Enal'sa
courts under modern rules of proce
dwe makes tho delays I'm our courts
seem archaic and harhafous.
National Resources President Taft
VIII send q special message t0 con-
gross ON rho subject o' improved wa
terways tho reclamation of avid land
The preservation of forests. etc.
Political Contributions Congress is .
urged TO pass law recurring congress f
sional candidates tO Gle with the gov-
eminent statement o. che campaign
contributions and expenditures and .
similar LEGISLATION in respect TO I'll .
other elections 's su~gestod
The Nations C0nl ION 'Sroaking
generally" says The president. the
country IS IN a high state of prosper
ny. There is every reason to believe f