The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1909-12-07

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that the HorernmeIits whose untiopai'
he'd flTfs loan would have 4 eeftair
direct Interest In the question Of thf
farryilig ont by China Of the reforms
I'm question The admin ratipn deem
I'd American pafticinaf don TO be- Of
great nations fpteFests HAP 5Ilg. when
I itiwds as,a matter ii broad policy ur-
gent tiuf tIlis opportunity should NOT
bplost. the lHdispensnble tnEtru tnehtnl-
ity presented Itself when a group OF
American baukers 6f .ilteruationaI
fepltat i6ns aud great resources agreed
at. once 10 share In the loan upon pre-
ciseiy such tefns as this government
should approve The chief OF those
terms was that likrfcan rslIlw ma
tefial should De. upon an exact equality
with that Of the other nationals Joins
ing In the loan in HE placing Of or
idefs Tor this whole railroad system.
After ntopt1ls' Of negotiation the equal
rafticfp1t f6n Of Americans seems at
last assured.
In one OF the Chinese japanese con-
yentlons OF Sept. 1 Of this year there
was provision which caused consld-
erable public apprehension In that
upon Its face It was believed In some
quarters to seek to establislrh monop-
oily Of mining privileges Gf6ng the
South Manchurian and Antung-Muk-
den railroads and thus to exclude
Americans IRON wide field of enter.
prise. to take part In which they were
by treaty with China entitled. After
q thorough examination OF the conren-
tlons and Of the several contextual
Documents the secretary OF state reach
ed the conclusion that NO such no1op-
oily was Intended or accomplished.
This government made inquiry Of the
imperial Chinese and Japanese gov
ernmentS ana received from each OFF,
claI assnrancesthat the provision had
no purpose inconsistent with the poll
cy Of equality OF opportunity to which
the signntories. In cotnpon with the
United Stntes. are pledged.
Our traditional relations with the
Japanese empire continue cordial. as
usual. The arrangement of 1908 for
cooperative control of the coming
Of laborers to the United States has
proved to work satisfactorily. The
natter of n revision OF the existing
treaty between the United States and
Japan which is terminable In 1912 is
already receiving the study OF both
countries.
Tho Department of State.
earnestly recommend 10 the favor
able action of the congress the esti-
mates submitted by the department OF
state and most especially the lcEislI-
tion suggested In the secretary of
states letter OF this date whereby 1t
will be possible to develop and make
permanent the reorganization Of the
department upon modern lines III
manner to make 1t a thoroughly eff
fcient instrument in the furtherance
of our foreign trade and of American
interests abroad.
Under a provision Of the act Of Aug.
5, 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. 5. 1000. AS to questions OF
customs administration they are CO.
operating with The otHcfals OF tue
treasury department and MS to matters
Of the needs and the exigencies Of our
and exporters with the
of commerce and labor In
its relation to the domestic aspect OF
the subject of foreign commerce.
As consequence of section OF the
tariff net OF Aug. 8, 1909. 1t becomes the
duty of the secretary of state TO con-
duct as diplomatic business oil the
necessary to place him In
a position to advise me as TO whether
or not a particular country unduly dis
against the United States
In the sense of the statute referred to.
Expenditures and Rev
5Ss7 enues. So
Perhaps the most important qEcs-
tiou presented to this administration
Is TINT of economy in expenditures and
of revenue.
The report of the secretary shows
that the ordinary expenditures for the
current fiscal year ending June 30.
1910. will exceed the estimated re-
celpIs by Sa4.OT5t2O. IL 10 this deficit
are added the sum TO be dlsbursed TOT
The Panama canal. amounting to $3S.-
100000. and $l.O00.OOO TO be paid on
the public debt. tue deficit of ordinary
receipts and expenditures Will ge III
rFeaked TO q total deficit of $7S. OT1, 90.
This deficit the secretary proposes to
meet By the proceeds of bonds issued
10 pay the cost Of constructing the
Panama canal 1 approve. this pro-
posal. ri
sis - The Panama Canal.
The policy Of paying for the con-
sFqctlon of the Panama canal not |
but Of current revenue; but by bond
ssue, was adopted In the spooner net
season for departing from the pinci- |
BE by which part Mt least OF the |
BURDEN Of the cost OF the canal shall |
tall upon our postetity. who are to |
sbIoy. IL, and there Is all the more rea-