The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1909-03-04

large return on banking capital or of
those who would have greater expansion
of currency with little regard to provi-
sions for its immediate redemption or
ultimate security. There is no subject of
economic discussion go 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
ON currency. have wisely extended their
Investigations in European banking and
they have derived from such experts as
they ave found abroad will undoubtedly
be found helpful in the solution of the
difficult problem they have in hand.
The incoming congress should promptly
fulfill the promise of the republican. plat
form and pass a proper postal savings
cessive paternalism. The promise to re-
pay by the government Will furnish an
inducement to savings deposits which pri-
waite enterprise cannot supply, and at
such n low rate OF interest az not TO
withdraw custom from existing banks. 1t
VIII substantially increase the funds avail
enterprises. 1t will furnish the absolute
security which makes the proposed scheme
of government guaranty OF deposits so
alluring without It's pernicious results.
Foreign Trade
l sincerely hope that the incoming con-
SftSS Will DE AllNe, as IL SNOulQ 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 in
South America are known to everyone
who has given the matter attention. The
direct effect Of free trade between this
country and tine phi' ae viii be
cultural machinery and other manufac-
lures. The necessity of the establishment
of direct lines OF steamers between North
aud South Ay,oCIca hoe hoar hccI,Dlt tn
the attention of congress by my pred
ecessor, and by Mr.. Root before and after
his noteworthy visit to that continent,
be induced to see the wisdom Of a tenta-
tive effort to establish such lines by the
use of mail subsidies.
of agriculture and of commerce and labor
may play in Kidding the markets of Eu-
rope of prohibitions and Determinations
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
restrictions.
The Panama Canal.
The Panama canal will have u most i'm
| portant bearing upon the trade between
the eastern and the far western sections
Of our eountfy, and will greatly Increase
the eastern and the western %Seaboard, and
may possibly revolutioniZe the transcon-
t~inental rates with respect to bulky mer-
chandise. 1t will also have a most bene-
fetal effect to increase the trade between
the eastern seaboara 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 the west coast. The
work on the canal Is making most salts,
as a lock canal was fixed by congress
after a fun consideration of the conflict
ing reports of the majority and minority
l NJ tho aHrCy1fjn~ 1Nnn v1 nNr1 opy0, tl1
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 it was
supposed to be when the reports We're
made and the policy determined on. led
competent engineers to examine the Ga
tun dam and locks, which are the key of
the lock type. + 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-
organization controlled by Colonel Goeth-
ais and his fellow army engineers asso-
ciated with him, and will certainly be
ton, IL not before.
Some type of canal must be constructed.
The lock type has been selected. We are
as possible. We must not now. therefore
keep up a fire in the rear OF the agents
whom we have authorized to do our work
hands. and speaking for the incoming ad.
ministration. l wish to say that l propose
to devote all the energy possible and un-
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 creates
constructive enterprise of modern times.
In tho Colonies.
n. 80 o,, :.
Porto Rico and the Philippines are pro
crossing as favorably as could be desired
The prosperity OF Porto Rico continues un.
abated.. II business conditions in tn,
Philippines are not all that We could wisf
them to be, but with the passage of tn.
new tariff bill permitting free trade be
TWEEN the United States and the archipela
go, with such limitations in sugar and to
bacco as shall prevent injury to the do
mestics interests on those products. w,
conditions in the Philippines and the de
velopment Of a mutually profitably trad,
between this country and the islands
ency is unfolding the traditions of civi
liberty and increasing popular contro
which might 1tn be S e1psct gbt Under America
ing there rebounds to our credit as a ma
ton.
and the other sections Of the country. Nj,
chief purpose is not to effect a change ii
the eloCIOTdl NOLe O1 lNC SOutnern states
That is q secondary consideration. VIVA
look forward to is an increase in the toll
erance OF political views of all kinds an,
their advocacy throughout the South, an,
the existence OF a respectable political on
position in every state; even more thai
this, to an increased feeling on the part O
all the people in the South that this gov
eminent is their government. and thai II
officers in their states are their officers.
Tho Race Question.
The consideration of his question ca
not, however, be complete and full with
out reference to the negro race, its prog
ress and its present condition. The 18tl
amendment secured them freedom; tn
14th amendment due process OF law, pro
lection OF property and the pursuit Q
happiness; and the 18th amendment at
tempted to secure the negro against an
deprivation of the privilege to vote. be
cause he was a negro. The 18th and lat
amendments have been generally enforce
and have secured the objects for whic
they were intended. While the 18th amend
ment has not been generally observed !
the past. it ought to be observed. and tn
; tendency OF southern legislation today
toward the enactment Of electoral qualif
cations which shall square with tha
.. amendment. OF course. the mere adoptio
, of a constitutional law is only one step j
; the right direction. 1t must be fairly IN
. justly enforced as well. In time both wi
, come. Hence it is clear to a
that the domination of an ignol
ant, irresponsible element can b
Z Oroyorte} NV constitutional louc whfC