The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1909-12-09

%telligence which a low charge for carry;
very much doubt. however, the wisdom
Of eah q polio, which son saa, 50 large ; q
to meet 1t.
Postal Savings Banks.
The second subject worthy. Of mention
necessity and entire particability of es-
tabltshing postal savings banks The sue.
cessful party at the last election declared
although the proposition finds opponents
IN many parts of the country I am con-
Sinced that the people desire such banks,
asmost good. The postal savings banks
e are aos e son5nst,tian for 9S,tb the atP ParpGbs snk Of
which they would be limited would be so
small as to prevent their drawing depos-
It's away from other banks.
4 pelieye them to be necessary In Or
Ger to offer a proper tnducement to thrift
small means who do not now have bank
TEN would offer an opportunity for the
nish a satisfactory substitute, based on
sound principle and actual successful
trial in nearly all the countries. of the
guaranty of deposits now being. adopted
IN several western states. which with
aeference to those who advocate it seems
.ANS Al y III SSCNS VI civ Giil-
Zatlon to conservative banking and GER
tam financial disaster.
me question of how the money depos-
TIED in postal savings banks shall be in
vested is not free from difficulty. but l
peileve that a satisfactory provision for
ment to the bill considered by the Senate
at its last session. 1t has been proposed
TO dellay the consideration of Legislation
after the report Q Of the s MONETARY Ss, com mis-.
sion. This report is likely to be delayed,
far pa apef,,5y SO, because OF the neeessi,y
one should be tied up with the other.
c &c rs uinders5ood that the monetary
systems Of banking which now prevail
abroad. and have found that by a control
there exercised in respect to reserves and
thority panics are avoided. 1t is not APP
parent that a system of postal savings
banks would in any way Interfere with
ly. In most of the countries in Europe
where control is thus exercised by IL cen
trai authority. postal savings banks exist
with a proper financial and banking sys.
tenn.
Ship Subsidy.
Following the course of my dis.in-
mend to ongress the consideration and
passage Of a ship subsidy bill, looking to
the establishment of lines between cur
Of South America: as well as lines from
the west coast of the United States to
South America. China, Japan, and the
Philippines. The profits on foreign mails
expenditures which might first be tenta-
lively. applied to this method of inducing
American capital to undertake the estab-
lshment of American lines of steamships
IN those directions in which we now feel
1t most Important that we should have
means of transportation controlled in he
interest Of the expansion of our trade.
a bill of this character has once passed
Senate. IL I hope that at this session a
bill framed on the same lines and with
the same purposes may become a law.
New Mexico and Arizona.
The successful party in the last election
In its national platform declared in favor
Of the admission as separate states of New
Mexico and Arizona. and l recommend
adopted. [ urge, however, that care be
exercised In the preparation of the legisla-
ton affecting each territory to secure de-
liberation in the selection Of persons as
%stitution for the incoming state. and I
earnestly advise that such constitution
after adoption by the convention shall be
for their approval at an election in which
the sole issue shall be the merits of the
proposed constitution, and If the consti-
tutor y is defeated by popular vote { > means eaa $
new convention and the drafting of a new
constitution. l think it vital that the is
sue as to the merits Of the constitution
should not be mixed up with the selection
state officers should be had until after
the constitution has been fully approved
and finally settled upon.
Conservation of Resources.
In several departments there is presented