The Bon Homme County independent. [volume] (Tabor, S.D.) 1904-1913, 1909-03-11

large return on banking capital or Of
those who would have greater expansion
OF currency with little regard to provf-
sions for Its immediate redemption or
ultimate security. There is no subject of
economic discussion so intricate Ind so
likely to evoke differing views n dog
matic statements as this one. The COM
mission in studying the general influence
OF currency on business and Of business
on currency, have wisely extended 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.
The incoming congress should promptly
fulnli the promise OF the republican plat
bank bill. 1t will not be unwise or ex-
cesslve ~paternalism. The promise to re-
pay by h government will furnish nj
inducement to savings deposits which pri-
vate enterprise cannot supply. and at
such q low rate OF interest as not to
withdraw custom from existing anks. III
will substantially increase the funds avail
enterprises. It will furnish the absolute
security which makes the proposed scheme
OF government guaranty or deposits 30
ailuring without Its pernicious results.
Foreign Trade.
I sincerely hope that the incoming con-
gress will be alive. as II should be, to
the Importance OF our foreign trade and
of encouraging. 1t In every way feasible.
The possibility Of increasing this trade in
the Orient, In the Philippines and I'm
South America are known to everyone
direct effect Of free trade between this
country n the Philippines will be
marked upon our sale of %cottons, agri-
cultural machinery and other manufac-
lures. The necessity of the establishment
OF direct lines Of steamers between North
and South America has been brought to
the attention OF congress by my pred
ecessor; and by Mr.. Root before and after
his noteworthy visit to that continent,
and / sincerely hope that congress may
be induced to see the wisdom or a tenta-
tive effort to establish such lines by the
The Importance which the department
of agriculture and Of commerce and labor
may play in Kidding the markets Of Eu-
rope of prohibitions and discrimination
against the importation OF our products is
fully understood, and It Is hoped that the
use OF the maximum and minimum fea-
ture of our tariff law to be soon passed
will be effective to remove many OF those
The Panama Canal.
The Panama canal will have a most i'm
portant bearing upon the trade between
the eastern and the far western sections
OF our country, and Will greatly increase
the fscilities for transportation between
the eastern and the western seaboard, and
may possibly reyolutionize the t~ranscon-
tinental rates with respect to bulky mer-
~chandise. It will also have a most bene-
ficial 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 on the east coast of South America
reached by rail from he west coast. The
work on the canal is making most salts
factory progress. The type of the canal
as a lock canal was fixed by congress
ing reports OF the majority and minority
of the consulting board, n after the
recommendation OF the war department
and the executive upon those reports.
Recent suggestion that something had oc-
CURED on The isthmus to make the lock
type of the canal less feasible than 1t was
supposed to be when the reports were
made and the policy determined on. led
competent engineers to examine the Ga
tun dam n locks, which are the key of
the lock type. The report OF that board
shows that nothing has occurred In the
should change the views once formed in
the original discussion. The construc-
ton will go on under a most effective
organization controlled by Colonel Goeth-
ais and his fellow army engineers asso-
ciated with him, and will certainly be
completed early in the next administra-
ton, II not before. l..r.
Some type of canal must be constructed.
The lock type has been selected. We are
all in favor OF having it built as promptly
as possible. We must not now, therefore,
whom we nav authorized to do our work
on the isthmus. We must hold UP their
hands, n speaking for the incoming ad-
min%istration, ] wish to say that I propose
der my control, to the pushing Of this
work IN the plans which a been adopt
ed, and to stand behind the men who are
doing faithful hard work to bring about
the early completion Of this, the greatest
constructive enterprise OF modern times.
In the Colonies.
The governments OF our dependencies in
Porto Rico n the Philippines are pro-
crossing as favorably as could be desired.
The prosperity Of Porto Rico continues un-
Philippines are not all that we could wish
them to be, but with the passage of the
new tariff bill permitting free trade be-
twen the United States and the archipela-
bacco as shall prevent injury to the do
mestics interests on those products, we
can count on an Improvement in business
Velopment of a mutually probably trade
between this country and the islands.
Meantime our government In each depend
ency is unfolding the traditions of civil
which might be expected under American
auspices. The work which we are do
Ing there rebounds to our credit as a ma
ton.
I look forward with hope to increasing
the already good feeling between the south
and the other sections Of the country. NV
chief purpose Is not to effect q change In
the electoral vote of the southern states,
That is a secondary consideration. What
7 look forward to Is an increase In the toll
erance of political views OF all kinds and
their advocacy throughout the South, and
the existence of a respectable political op-
position In every state; even more than
this, to an increased feeling on the part OF
all the people in the South hat this gov
ernment is their government, n that Its
officers in their states are their officers.
The Race Question.
The consideration of this question can
not, however, be complete and full with
out reference to the negro race, its prog
ress n its present condition. The 18th
amendment secured them freedom; the
18th amendment due process OF law, pro-
lection OF property and the pursuit Of
happiness; n the 18th amendment at
tempted to secure the negro against n
deprivation of the privilege to vote, be-
cause he was a negro. The 18th and 18th
amendments have been generally enforced
and have secured the objects for which
they were intended. While the 18th amend
ment has not been generally observed in
the past, 1t ought to be observed, and the
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