The Caucasian. (Clinton, N.C.) 188?-1913, 1909-03-11

I8r1n ABOVE stated VIII permit the
reduction OF rates in certain sched-
aies and will require the advance
ment Of few. IL any.
The proposal to revise the tariff
made In such an authoritative way
as to lead the business community to
count upon 1t necessarily haits all
those branches of business directly
affected, and as these are most i'm
portant IL disturbs the whole busi-
ness OF the country. II Is impera-
lively necessary. therefore, that q
tariff bill be drawn In good faith and
in accordance with promises made
before the election by the party In
power, and as promptly passed as
due consideration will permit.
Must Wipe Out the 500, ,OOO, 900
Deficit.
In the making of a tariff bill the
prime motive is taxation, and the
securing thereby of revenue. Due
largely to the business depression
of 1907, the revenue from customs
and other sources has decreased to
such an extent that the expenditures
for the current fiscal year will ex-
ceed the receipts by $100, 100000.
1t is imperative that such deficit
shall not continue, and the farmers
of the tariff bill must, of course,
have in mind the total revenues like
ly to be produced by it, and SO ar
range the duties as to secure an ade-
quate income.
Should it be impossible to do so
by import duties, new kinds of tax
alton must be adopted. and among
these I recommend a graduated in
heritance tax as correct in principle
and as certain and easy of collection
A permanent improvement, like
the Panama Canal, should be treated
as distinct enterprise, and should
be paid for by the proceeds of bonds
the issue of which will distribute it's
cost between the present and future
generations in accordance with the
benefits derived.
Then, too, there are expenditures
of government absolutely necessary
If our country is to maintain it's
proper place among the nations of
the world.
I refer to the cost ofmaintaining
proper army, proper navy and
suitable Notifications upon the main
land of the United States and in its
dependencies.
strong Navy Best Conservator of
Peace"
What has been said of the army
may be affirmed in even more en-
phatic way of the navy. A modern
navy cannot be improvised. 1t must
be built and in existence when the
emergency arises which calls for it's
use and operation.
-
But We should be blind to exist
ing conditions, and should allow our
selves to become foolish idealists, if
we did not realize that with all the
nations of the world armed and pre-
pared for war, We must be ourselves
in similar condition, in order to
prevent other nations from taking
advantage of us and our inability to
defend our interests and assert our
rights with a strong hand.
In the international controversies
that are likely to arise in the Orient,
growing out of the question of the
open door and other issues, the
United States can maintain her in
terests and can secure respect for her
just demands. She will not be able
to do so, however, il it is understood
that she never intends to back up
her assertion Of right and her de-
fense of her interest by anything but
mere verbal protest and diplomatic
note.
For these reasons the expense OF
the army and navy and of coast de-
fense should always be considered as
something which the government
must pay for, and they should not
be cut off through mere considera-
ton of economy.
Asiatic Immigration.
The admission of Asiatic immi-
grants who cannot be amalgamated
with our population has been made
the subject either OF prohibitory
clauses in our treateies and statutes
or of strict administrative regulation
secured by diplomatic negotiation.
sincerely hope that we may continue
to minimize the evils likely to arise
from such immigration without un
necessary friction and by mutua
concessions between self-respectlne
governments.
Meantime, we must take ever,
precaution to prevent, or, failing IL
that, to punish outbursts of rae.
| feeling among our people against
foreigners of whatever nationalit,
who have by our grant treaty righ
to pursue lawful business here ant
to be protected against lawless as
sault or injury.
Change Of Monetary and Bank n.
| Laws.
| One of the reforms to be carries
out during the incoming administra
ton is a change of our monetar,
and banking laws, SO as to secur
greater elasticity in the forms o
currency available for trade, and Il