The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1909-03-04

b promise to repay by the Govern
nent will furnish an inducement to
savings deposits which private enter
prise cannot supply. and at such a low
rate OF interest as not to withdraw |
custom from existing banks. It will
substantially increase b funds avail
able for investment as capital in
useful enterprises. It will furnish the
absolute security which makes the
proposed scheme Of government guar
anty OF deposits so alluring without
its p~ernicious results.
/ sincerely hope that the incoming
congress will be alive, as it should
be, to the importance of our foreign
"a and of encouraging it in every
way feasible. The possibility OF in
~creasing this trade in the Orient, in
the Philippines and in South America
are known to e who has Civ
en- the matter attention. The direct
effect of free trade between this coun-
try and tn Philippines will be marked
upon the sale of cottons, agricultural
machinery and other manufactures.
The necessity of the establishment
of direct lines of steamers between
North and South America has been
brought to the attention of Congress
by my predecessor. and by MIR Root
before and after his noteworthy visit
to that continent, and 1 sincerely
hope that Congress may be induced
to see the wisdom of a tentative effort
to establish such ines by the use Of
mail subsidies.
The Importance which the Depart
ment of Agriculture and of Commerce
and Labor may play in Kidding the
markets of Europe of prohibitions
and Determinations against the impor
tatiOn of our products is fully under
stood, and it is hoped that the use of
the maximum and minimum feature
of our tariff law to be soon passed will
be effective to remove many of those
| restrictions.
| The Panama canal will have a most
| important bearing upon the trade be
| tween the eastern and the far west
ern sections of our country, and will
| greatly increase the facilities for tran
| sportation between the eastern and
| the western seaboard, and may pos
l Sfbly revolutionize the transcontinen-
tai rates with respect to bulky mer-
| chandise. 1t will also have a most
beneficial effect to increase the trade
between the eastern seaboard 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
satisfactory progress. The type of the
canal as a loci canal was fixed by
Congress after a full consideration of
the conflicting reports of the MAORI
ty N minority OF the consulting
board, and after the recommendation
of the Wal Department and the Exc
cutive upon those reports. Recent
suggestion hat something had occur
red on the Isthmus to make the LOCK
type of the canal less feasible than il
was supposed to be when the reports
were made and the policy determined
on, led to a visit to the ISthmus of
a board OF competent engineers to ex
anime the atu dam and locks which
are the key of the lock type. The re-
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
ganization controlled by Colonel Goe-
thals and his fellow army engineers
associated with him, and will certain
ly be completed early in the next ad-
ministration, if not before.
tOOul6 Type u cdud1 uluSL ne JUL
structed. The lock type has been Sc
lected. We are all in favor of having
it built as promptly az possible. We
must not nov therefore, keep up a
fire in the rear of the agents whom we
have authorized to do our work on he
Isthmus. We must hold up their
hands, and speaking for the incoming
| administration, / wish to say la /
propose to devote all the energy pos
L TIL 49, H.
pushing of this work on the plans
which ave been adopted, and 20
stand behind the men h are doing
faithful hard work to bring about the
| early completion of this, the greatest
constructive enterprise of modern
| times.
The governments of our dependence
| les in Porto Rico and the Philippines
are progressing as favorably as could
be desired. The prosperity of Porto
Rico continues unabated. The bust
ness conditions in the Philippines are
not all that we could wish them to be,
but with the passage of the new tariff
bill permitting free trade between the
United States and the Archipelago,
with such limitations in sugar and to-
bacco az shall prevent injury to the
domestic interests on those products
we can count on an improvement in
| business conditions in the Philippines
and the development of a mutually
profitable trade between this country
and the islands. Meantime our gov
eminent in each dependency is up
holding the traditions of civil liberty
and increasing popular control which
| might be expected under American
auspices. The work which We are do
ing there rebounds to our credit as a
nation.
1 look forward with hope to increas-
ing the already good feeling between
the South and the other sections of