Daily press. [volume] (Newport News, Va.) 1896-current, 1909-12-09
URGES ISSUANCE OF
BONDS FOR IMPROVEMENTS
There viii be Opposition in Con-
gress, He Says, and First Thing 10
Do is to Get Definite Declaration in
Favor Of Certain Projects-Gernan
Ambassador Speaks.
(By Associated Press.)

w AoItf@NN lO4N- IL. A.r Dt(. "
Speaking in strong endorsement or
the policy of waterways Improvement.
President Taft stirred up much en-
thusiasm during the opening hours OF
the sixth convention of the National
Rivers and Harbors Congress here
today. Hundreds of delegates, re-
presenting every section of the Unite:r
States were in attendance. Men and
women delegates gave the President
noisy reception.
Upon being presented to the as
semblags by Joseph E. Ransdell,
president Of the Congress, President
Taft dwelt upon his interest in the
policy Of waterway Improvement, and
offered advice to the delegates upon
methods for attaining the ends they
seek.
Il congratulate this congress- said
MrTaft, ION having brought the sub
ject of waterways to such a point
that the representatives of congress
from one end OF the country to the
sther recognize it as a subject that
calls for action. They have not come
10 a definite conclusion as to the
policy that ought to be adopted, but
that some policy must be adopted
with reference to the development
of those instrumentalities which ma
ture has furnished fer the transpor
tation OF goods and for the controll-
ing Of railroad rates.
you in your declaration say that
you are in favor of a policy and not
III favor of any particular project.
think that a wise platform to take /;
and yet when it comes to the prac-
teal enforcement and accomplish
ment Of something you have got to
get into projects.
Charged With the Necessity"
Now, ! don't think l betray a
secret when | say that a gentleman
who has much to do with the initia-
ton of projects in congress is fully
charged with the necessity for doing
something in the next congress TO
foreshadcw, or rather to begin, a
policy with respect to those riv-
ers."
After referring TO various water
ways projects in detail the President
continued:
a year ago President Roosevelt
and / were together on a platform be-
fore the convention of resources con-
vention in which We both advocated
the issuing Of bonds in order that a
project improving waterways when
begun should be completed in q
reasonable time. I am still a con-
sistent advocate Of that theory. I be-
lieve that the government is en-
titled to as rapid q method of de-
yeloping an enterprise and putting il
through as private corporations and
as they always issue bonds. or gen.
orally do (some CT them are fortu-
nate enough not to have toy in or
der to expedite the completion OF the
projects, II would seem wise fer the
nation TO do so where It will accom-
plish the same result
Declaration Of Policy.
But 7 want to suggest a word OF
! caution YOU are going to eHcounfei
in congress great opposition TO the
policy Of issuing bonds right out OF
hand. You are much more likely 70
get from congress a declaration Of
policy in the shape OF a declaration
that a certain improvement ought q
be carried out and spread upon the
minutes Of congress in the form Of q
resolution on declaration CT a statute
What advise you to do is 20 ge'
that declaration. Then when the time
CONES that political exigency sha!
prevent the appropriation Of srffic'
lent funds from the current revenue:
20 Dut the proper part Of the project
sbToagh the coming year OF the com
Ing two years as economy requires
then the question Of issuing bonds
viii arise. would get the dcciara
ton first and net have the bonds
frs;. for the reason that you vii
encounter the objection by congress
that the issuing % bonds and the re-
, ccipt Of :hc money viii develop :
desire = be cxtravsrsnt.
Nstg.sl Way the Fest.
That may not meet ycur views
bot have thought Il over and
know something about congress.
know where Won src going 20 encoun
ter opposition and believe the 5csi
way IS the natural way with thczs
nf.emcn. You lead them on 20 de
clare IN favor o. Missouri Improve