The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1909-03-11
large return on banking capital or Of
those who would have xreafer -exnansian

large return on banking capital or OF
those who would have greater expansion
sions for its immediate redemption or
ultimate security. There Is no subject OF
economic discussion so intricate and so
likely to evoke differing views and dog
matte statements as this one. The COM
mission in studying the general influence
OF currency on business and Of business
Investigations In European banking and
monetary methods. The information that
they nave derived from such experts as
be found helpful in the solution Of the
difficult problem they rave in and
me incoming congress- should promptly
bank bill. It will not be unwise or ex-
cessive p~aternalism. The promise to re-
inducement to savings deposits which pri-
vafe enterprise cannot supply, and at
such q low rate of interest as not to
will substantially increase the funds avail
able for investments as capital In useful
enterprises. It will furnish the absolute
security which makes the proposed scheme
of government guaranty of deposits SO
alluring without Its pernicious results.
Foreign Trade.
I sincerely hope that the incoming con-
gress will be alive, as 1t should be, to
the Importance OF our foreign trade and
The possibility Of increasing this trade in
the Orient, In the Philippines and In
South America are known to everyone
direct effect of free trade between this
country and the Philippines will be
marked upon our sale Of c%ottons. agri-
lures. The necessity Of the establishment
of direct lines OF steamers between North
and South America has been brought to
ecessor. and by Mr.. Root before and after
his noteworthy visit to that continent,
and l sincerely hope that ongre may
be induced to see the wisdom OF a tenta-
tive effort to establish such lines by the
use of mail subsidies.
The Importance which h department
may play in Kidding the markets of Eu-
rope Of prohibitions and determinations
against the importation of our products is
fully understood, and st 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
restrictions.
The Panama Canal.
The Panama canal will nave a most Inn
portant bearing upon the trade between
the eastern and the far western sections
Of our country, and will greatly increase
the eastern and the western seaboard, and
may possibly revolutionize the transcon-
tinental rates with respect to bulky mer-
chandise. 1t will also have a most bene-
fetal effect to increase the trade between
the eastern seaboard Of the United States
and the western coast of South America,
ports on the east coast of South America
reached by rail from the west coast. The
work on the canal is making most salts
as a lock canal was fixed by congress
after a full consideration of the conflict
ing reports Of the majority and minority
of the consulting board. and after the
recommendation of the war department
and the executive upon those reports.
Recent suggestion that something had oc-
M Ct~aH IN fhn 10 - 49, H~-y-
type OF the canal less feasible than it was
supposed to be when the reports were
made and the policy determined on, led
competent engineers to examine the Ca
tun dam and locks, which are the key Of
the lock type. The report of that board
shows that nothing has occurred in the
nature OF newly. revealed evidence which
should change the views once formed in
the original discussion. The construc-
tion 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 alminiStra-
ton, If not before.
Some type of canal must be constructed.
all In favor OF having it built as promptly
as possible. We must not now, therefore,
keep up q fire In the rear Of the agents
whom we have authorized to do our work
on the isthmus. We must hold up their
hands, and speaking for the incoming adj
ministration, l wish to say that I propose
~ Oil III SilSlSy poSStDlS ana un-
der my control. to the pushing Of this
work on the plans which have 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 tho Colonies.
The governments Of our dependencies in
Porto Rico and the Philippines are pro-
crossing as favorably as could be desired.
The prosperity OF Porto Rico continues I'M
abated. The business conditions in the
Philippines are not all that we could wish
them to be, but with the passage of the
new tariff bill permitting free trade be-
TWEEN the United States and the archipela-
go. with such limitations in sugar and to-
mestics interests on those products, we
can count on an Improvement in business
conditions in the Philippines and the de-
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
look forward with hope to increasing
the already good feeling between the south
and the other sections Of the country. My
the electoral vote of the southern states.
That is a secondary consideration. What
7 look forward to Is Gn increase in the toll
erance OF political views of all kinds and
their advocacy throughout the South, and
the existence of a respectable political OPP
position In every state; even more than
this, to an increased feeling on the part Of
all the people in the South that this gov
ernment is their government, and that it's
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 and its present condition. The 18th
amendment secured them freedom; the
l4th amendment due process of law, pro-
lection OF property and the pursuit of
happiness; and the 18th amendment at
tempted to secure the negro against any
deprivation Of the privilege to vote, be
cause he was a negro. The 18th and 14th
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, It ought to be observed, and the
tendency. Of southern legislation today is
toward the enactment of electoral qualtf-
cations which shall square with that
amendment OF course. the mere adoption
OF a constitutional law is only one step in
the right direction. 1t must be fairly end
Justly enforced as we'll; In time both will
that the domination of an ignor-
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