The San Francisco call., 1909-03-05
sAvINGs BANK FAvoRnD

The incoming congress should
promptly fulhtl the promise OF the re-
publican platform and pass PROVE
postal savings bank Pill lt.sTpsiisTn- ~ NAL Tgs
The promise to repa~ BY the SoVei ~
ment Will furnish an inducement 20
savings deposits which private t en-
prises can not supply, and at suen =
low rate OF interest as not TO WlLndId,~,
custom from existing banks IL VII
substantially increase the 1unas @Vaal
able for investment as capital IN use
full enterprises. 1t will furnish the aD1
sOlute security which makes the pro-
posed scheme of government Suafanty
of deposits 50 alluring without It's per-
/ sincerely hope that the incoming
congress will be alive. as 1t should pc.
and OF encouraging IL in every ~ Wax
feasible. The possibility OF increasing
this trade in the orient. in the Fhllp-
pines and in South America are knVWa- k'ts,,.
to every one who has given the matter
attention The direct effect or Tres
trade between this country and tns
Philippines will be marked upon our
sale of cOttOns. agricultural machine.N
and otner manufactures. The necessity
Of the establishment OF direct hneS %, OF
steamers between North and Soulh
America has been brought TO the at
tenti0n OF congress by m predecessor.
and bv Mr.. Root before and after ms
noteworthy visit TO that continent,
and I sincerely hope that congress ma
be induced to see the wisdom or
tentative effort to establish such lines
BY the use of mail subsidies
The Importance which the depart
ment OF agriculture and OF commerce.
and labor may play In Riding the maj
kets of Europe OF prohibitions ana us
ordinations against the Importation oI
our products is fully understood. and it
is hoped that the use of the maximum
and minimum feature Of our tarin
law to be soon passed will be enectiVe
to remove many Of these restrictions.
The Panama canal will have. most
important bearing upon the trade De
tween the eastern and the Tar western
sections OF our country and viii
greatly increase the facilities for trans
pOrtation between the eastern and the
revolutionize the transcontinental
rates with respect TO bulky merchan-
disc. II viii also have most beneh-
cial effect to increase the trade be-
tween the eastern seabOard OF the
United States and the western coast OF
South America. and, indeed with some
of the tm~Ortant ports on the east
coast Of South America reached BY
rail from the west coast. The work on
the canal is making most satisfactory
progress. The type OF the canal as 2
lock canal was fixed by con~ress after
fun cOnSi Iteration OF the conflicting
reports OF the majority and minority
recommendation OF the war department.
and the executive upon those reports
Recent SUGGESTION that something had
occurred on the fsthmus 10 make the
lock TIVE Of the canal less feasibls
than IL was supposed to be when the
reports We're made and the policy de-
termined on led to a visit to the 18TH
mus OF board OF competent engineers
TO examine the Gatun dam and locks
which are the key OF the lock tvDe
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 construction
will go on under a most effective or
sanitation controlled by Colonel Goe-
thals and his fellow ARM engineers
associated with him. and viii certainly
be completed early in the next admin
istratiOn. if not before.