The Marion daily mirror. (Marion, Ohio) 1892-1912, 1909-03-04

once. Having assured to other coun
tries by treaty the protection Of our
laws for such Of their subjects or
citizens as we permit to come within
our Jurisdiction, we now leave to a
state or city, not under the control
of the federal government a duty Of
performing our international obliga
tions in this respect. BY proper legls
lation we may. and ought TO, place In
the hands Of the federal executive the
means Of enforcing the treaty rights
of such aliens in the courts of the fed
eral government. lt puts our govern.
ment in a pusillanlmous position to
make definite engagements to protect
aliens and then to excuse the failure
to perform those engagements by an
them is in states or cities, not within
our control. II we would promise, we
must put ourselves in a position to
perform our promise We cannot per
NIT the possible failure of Justice due
to local prejudice in any state or mu
nicipal government TO expose us to
the risk of war which might be
avoided If federal jurisdiction was as.
serted by suitable legislation by con
gress and carried out by proper pro
ceedings instituted by the executive,
i'm the courts of the national govern
ment.
Reforms Called for In
Monetary and Banking Laws.
One Of the reforms to he carried
out during the incoming administra-
tion is a change of our monetary and
banking laws, so as TO secure greater
elasticity in the forms Of currency
available for trade, and to prevent the
limitations Of law from operating to
increase the embarrassments of a
financial panic The monetary com
mission lately appointed is giving full
consideration to existing conditions
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 mar
row view Of those who believe that the
sole purpose Of the new system should
be to secure a large return on bank
ing 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 eco.
nomic discussion so intricate and so
likely to evoke differing views and
dogmatic statements as this one. The
commission in studying the general In.
fluence of currency on business and
OF business on currency have wisely
extended their investigation in Euro
pean banking and monetary methods.
The information that they have de-
rived from such experts as they have
found abroad will undoubtedly be
found helpful in the solution of the
difficult problem they have in hand.
Urges Prompt Passage Of
Postal Savings Bank Bill.
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 paternallsm.
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. II will
substantially increase the funds avail
able for investment as capital in use
iul enterprises, II will furnish the
absolute security which makes the
proposed scheme Of government guar
anty of deposits so alluring without
its pernicious results.
| sincerely hope that the incoming
congress viii be alive, as II should be,
TO the Importance of our foreign trade
and of encouraging II in every way
feasible, The possibility of increas-
ing this trade in the orient, in the
Philippines and in South America are
known to everyone who has given the
matter attention
The Importance which the depart
ment of agriculture and of commerce
and labor may play in ridding the
markets of Europe Of prohibitions and
determinations against the importa-
ton of our products is fully under
stood and II 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.
No Prospect OF Failure In
Building Of Panama Canal.
The Panama canal will have most
important bearing upon the trade be-
tween the eastern and the far western
sections of our country, and will great
ly increase the facilities for transpor-
tation between the eastern and west
ern seaboard, and may possibly revo-
lutionize the transcontinental rates
with respect TO bulky merchandise II
will also have a most beneficial effect
TO Increase the trade between the east
ern seaboard Of the United States and
the western coast OF South America,
and, indeed. with some OF the i'm
portant ports on the east coast of
South America reached by rail from
the west coast The work on the
canal is making most satisfactory
progress The type of the canal as a