The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1909-12-07

II IL N stS us d kidttct VI Rtusi0 tftilSy VA
! gent thar this opportunity should not
be- lost. the Indispensable Instrumental
ity presented itself when group OF
American bankers of luterna sional
Il reputation and great resources agreed
at once to share In the loan upon pre-
cisely such terms ;,s this government
should approve The chief Of those
terms WIS that American railway ina
terial should be upon an exact equality
4 with that of the other nationals join
Ing in the loan in the placing OF or
ders for this whole railroad system.
/ After months of negotiation the equal
participation of Americans seems at
last assured
In one of the Chlnese-Japanese con-
ventions of Sept of this year there
was a provision which caused consid-
erable public apprehension In that
upon its face it was believed In some
quarters to seek to establish monop-
oily of mining privileges along the
] South Manchurian and Antung- Muk-
den railroads and thus to exclude
Americans from a wide field OF enter
4 prise, to take part in which they were
by treaty With China entitled. After
a thorough examination OF the conyen-
lions and Of rhe several contextual
documents the secretary OF state reach
ed the conclusion that no such monop-
| oily was intended or accomplished
This government made inquiry Of the
imperial Chinese and Japanese gov
ernments and received from each off,
ciai assurance that the provision had
no purpose inconsistent With the poll
cy OF equality of opportunity to which
/ the signatories. In common with the
| United States. are pledged
Our traditional relations with the
japanese empire continue cordial. as
I usual. The arrangement Of 1908 for
| a cooperative control of the coming
Of laborers to the United States has
/ proved to work satisfactorily. The
matter of revision of the existing
| treaty between the United States and
Japan which is terminable In 1912 is
already receiving the study OF both
countries.
The Department Of State.
earnestly recommend to the favor
able action Of the congress the esti-
mates submitted by the department of
state and most especially the legIsla-
ton suggested in the secretary of
states letter of this date whereby 1t
will he possible to develop and make
permanent the reorganization OF the
department upon modern lines in a
manner to make 1t thoroughly eff
ficient instrument in the furtherance
OF our foreign trade aud OF American
interests abroad.
i Under 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. 1903. As to questions of
customs administration they are CO.
operating with the officials of the
treasury department aud as to matters
of the needs and the exigencies of our
manufacturers and exporters with the
department of commerce and labor in
its relation to the domestic aspect of
the subject of foreign commerce.
AS consequence of section of the
tariff act OF Aug. 5, 1909. 1t becomes the
duty of the secretary Of state to con-
duct as diplomatic business all the
negotiations necessary to place him In
position to advise me as TO whether
or not a particular country unduly dis
eliminates against the United States
in the sense OF the statute referred to.
Government Expenditures and Row
snues.
Perhaps the most important ques-
ton presented to this administration
is that of economy in expenditures and
sufiiciency 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-
ceipts by $34.075.6oO IL to this deficit
are added the sum TO be disbursed 70,
] the Panama canal. amounting to $3S.
J 100000. and S1.000.000 to be paid or
: the public debt, the deficit of ordinary
receipts and expenditures will be In
creased to a total deficit of ST3. 075, $50
! This deficit the secretary proposes tc
meet by the proceeds of bonds issued
to pay the cost of constructing the
Panama canal. | approve this pro
, posal.
The Panama Canal.
The policy Of paying for the con.
struction of the Panama canal not
: out of current revenue. but by bond
issue. was adopted in the Spooner act
; Of 1902, and there seems to be no good
reason for departing from the princi-
! pie by which part at least Of the
burden of the cost of the canal shall
fall upon our posterity, who are to
enjoy it. and there is all the more rea
son for this view because the actual
cost TO date of the canal. which is now
; half done and which will be completed
Jan. ], 1915. shows that the cost OF
engineering and construction will be
S207.16G,000 instead Of S13o. ZOE. 200, as
originally estimated In addition to
engineering and construction, the 9th
err expenses. including sanitation and
government and the amount paid for
the properties. the franchise and the
H.