The Bridgeport evening farmer., 1909-03-04

l that the report will embody neither the
 narrow view of those who believe thai | the sole purpose of the new system
 should be to secure q large return or
 banking capital nor of those who would
 have greater expansion of currency l with little regard to provisions for its i immediate redemption or ultimate SC | curity. There is no subject of econom fc discussion 50 intricate and so likely i to evoke differing views and dogmatio statements as this one. The commis sion in studying the general influence of currency on business and of busi- ness on currency have wisely extend ed their investigations in European banking and monetary methods. The information that they have derived from such experts as they have found abroad will undoubtedly be found helpful in the solution of the difficult problem they have in hand.
 Favors Postal Savings Banks.
 The incoming congress should promptly fulfill the promise of the Re publican platform and pass a proper postal savings bank bill. It 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 low rate of interest as not to withdraw custom from existing banks. It will substantially increase the funds avail able for investment as capital in use full enterprises. It will furnish the absolute security which makes the proposed scheme of government guar anty of deposits so alluring without it's pernfcious results.
 Ship Subsidies Advocated.
 I sincerely hope that the incoming congress 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 Philip pines and in South America is known to every one who has given the matter attention. The direct effect of free trade between this country and the Philippines will be marked upon our sale of cottons, agricultural machinery and other manufactures. The necessi- ty of the establishment of direct lines of steamers between North and South America has been brought to the at tention of congress by my predecessor and by MT. Root before and after his noteworthy visit to that continent, and sincerely hope that congress may be induced to see the wisdom of tenta- tive effort to establish such lines by the use of mail subsidies.
 The importance which the depart ment of agriculture and of commerce and labor may play in ridding the markets of Europe of prohibitions and discriminations against the importa- tion of our products is fully under stood, and it is hoped that the use of the maximum and minimum feature of our tariff law to be soon passed will be effective to remove many of those restrictions.
 Lock Canal Plan Defended.
 The Panama canal will have most important bearing upon the trade be- tween the eastern and the far west ern sections of our country and will greatly increase the facilities for transportation between the eastern and the western Seaboard and may possibly revolutionize the transconti- mental rates with respect to bulky mer chandise. It will also have a most beneficial effect to increase the trade between the eastern seaboard of the United States and the western coast of South America and indeed with some of the important ports of the east coast of South America reached by rail from the west coast. The work on the canal is making most sat isfactory progress. The type of the canal as g lock canal was fixed bX