East Oregonian : E.O. (Pendleton, OR) 1888-current, 1909-12-07
PRESIDENTS MESSAGE
Continued from page one.


this railroad loan represented u prac-
teal and real application of the open
door policy through cooperation with
reforms referred to above, the admin
istration deemed American partlcipa-
tion to be of great natural interest
after months of negotiations the
equal participation OF Americans
seems at last assured. 1t is crafty
ing that Americans will thus take
, their share in the extension of these
great highways OF trade and to be-
lieVe that such activity will give a
real impetus to our commerce and
will prove practical corrollary to
our historic policy in the Far East
No Monopoly in Manchuria.
I'm one of the Chinese-Japanese
conventions of September OF this
year there was a provision which
caused considerable public apprehen-
son in that upon its fact 1t was be-
lieved in some quarters to seek to es-
tabllsh monopoly of mining privll-
eyes along the south Manchurian and
Antung-Mukden railroads and thus
TO exclude Americans from a wide
field of enterprise, to take part in
which they We're by treaty with China
entitled. After n thorough examlna-
tion of the conventions and of the
several conteNtual documents. the sec
retary of state reached the conclusion
that no such monopoly was intended
or accomplished. However, in view
OF the widespread resolution of this
question to confirm the view 1t had
reached. the government made inquiry
of the imperial Chinese and japanese
governments and received from each
assurance that the provision had no
purpose Inconsistent with the policy
OF equality of opportunity to which
the sgnatories in common with the
United states are pledged.
Our traditional relations with the
japanese empire continue cordial as
usual. The arrangement for a COOP
erative control of the immigration of
laborers to the United States has
proved to work satisfactorily The
matter Of treaty between the Uni
ted states and Japan which is ter
minable in 1912 is already being
studied by both countries.
Deficit in Treasury.
The report of the secretary OF the
treasury shows that the ordinary ex-
penditures for the current year end
ing June 80, 1910, will exceed the es-
t.mated receipts by $34,075,62O. If
to this deficit is added the sum to be
disbursed at the Panama canal zone.
amounting to $3s0OO,OOO, and ST.
100000 to be paid on the public debt.
the deficit of ordinary receipts and
expenditures will be increased to a
total deficit of $73,075,620. This de-
ficit, the secretary proposes to meet
by the proceeds of bonds issued to
pay the cost Of constructing the Pan
anna canal. l approve this proposal.
"The actual cost to date of the ca
nal, which is now half done and
which will be completed January /,
1915. shows that the cost of engineer
ing and construction will be $297,-
10000 instead of $139,705,20O as or
ignaHy estimated. The increase is
due TO a substantial enlargement of
the plan OF construction by widening
the canal 100 feet in the Culebra cut
and by Increasing the dimensions of
the locks to the under estimate of the
quantity Uf the work to be done under
the original plan, and to an under
estimate of the cost of labor and ma
terials both of which have greatly
enhanced in price since the original
estimate was made
. "In order to avoid a deficit for the
ensuing fiscal year | directed the
heads of departments in the prepara-
ton of their estimates to max" hem
as low as possible consistent with inn
pcrative governmental necessity.
In the present estimates the needs
of the departments and of the gov
ernment have been cut to the quick
50 to speak, and any assumption on
the part of the congress, so of ten
made in times past, that the estimates
have been prepared with the eXpec-
tation that they may be reduced. will
result in seriously hampering proper
administration.
Regarding Old Age Pensions.
Most of the great Industrial organ
izatons and many of the well con-
Quoted railways of this country are
coming to the conclusion that a sys-
TEN Of pensions for old employees, and
the substitution therefor younger and
more energetic servants, promotes
both economy and efficiency of ad-
ministration.
"I am aware that there is strong
!; feeling in both houses Of congress and
possibly in the country against the es-