Semi-weekly herald., 1910-12-08
the Philippine islands and has

the Philippine islands and has de-
scribed his trip In the report. He
found the islands in q state of tran
auillity and growing prosperity, due
largely to the change in the tariff
laws. which has opened the markets
of America to the products of the
Philippines, and has opened the Phil.
ippine markets to American manu-
factures.
THE year has been one of prosper
/ ity and progress in Porto Rico.
Panama Canal.
AT the instance OF Colonel Goeth.
ais. the army engineer officer in
charge of the work on the Panama
canal. | have just made visit TO
the Isthmus to inspect the work done
and to consult with him on the
ground as to certain problems which
are likely to arise in the near fu-
Z ture. The progress of the work is
most satisfactory. II no unexpected
obstacle presents itself, the canal
will be completed well within the
time fixed by Colonel Goethals, to-
wit. January l. 1915, and within the
estimate OF cost. sS75,000.000.
Among questions arising for pres
ent solution Is the decision whether
the canal shall be fortified have
already stated to the congress- that
strongly favor fortlAostion and ]
now reiterate this opinion and ask
your consideration Of the subject IN
the light of the report already be-
fore you made by competent board.
Another question which arises for
consideration and possible legislation
Is the question of tolls In the canal.
This question is necessarily affected
by the probable tonnage which VIII
go through the canal.
In determining what the tolls
should be we certainly ought not to
insist that for good many years to
come they should amount to enough
10 pay the interest on the invest
ment OF 100000. 900 which the United
States has made in the construction
OF the canal. We ought not to do
this, first. because the benefits TO be
derived by the United States from
this expenditure is not to be meas
ured solely by return upon the in
vestment. II 1t were then tho con.
struction might well have been left
to private enterprise.
MY own impression is that the
tolls ought not to exceed 81 per net
ton. and l should recommend that
within certain limits the president be
authorized to Hx the tolls of the canal
and adjust them to what seems to
he commercial necessity.
Il cannot close this reference to
the canal without suggesting as a
wise amendment to the Interstate
commerce law a provision prohibiting
Interstate commerce railroads from
owning or controlling ships engaged
in the trade through the Panama
canal. believe such a provision
may be needed to save to the people
OF the United States the benefits Of
the competition In trade between the
eastern and western seaboards which
this canal was constructed to secure"
Department Of Justice.
Discussing the affairs of the de
partment of justice. the president
says:
''I invite especial attention to the
prosecutions under the federal law
OF the so-called bucket shops, and
of those schemes to defraud in which
the use Of the mail is an essential
part of the fraudulent conspiracy.
prosecutions which have saved ig-
norant and weak members of the pub
/ lie and are saving them hundreds of
millions of dollars. The violations of
Z the antitrust law present perhaps the
most important litigation before the
department, and the number Of cases
filed shows the activity OF the govern
ment in enforcing that statute.
"ln a special message last year |
brought TO the attention Of congress
the propriety and wisdom OF enacting
a general law providing for the in
corporation of Industrial and other
companies engaged in interstate com
merce, and renew my recommen-
dation in that behalf"
The crying need In the United
States of cheapening the cost of liti-
CATION by simplifying judicial proceed
ure and expedting final Judgment is
pointed out and action looking to cor
rection of these evils is urged.
The president recommends an in
crease in the salaries of federal
Judges.
Postal Savings Banks.
AT its last session congress made
revision for the establishment of
savings banks by the postofice de-
partment of this government by which
under general control of trustees, con
sisting of the postmaster general, the
secretary OF the treasury and the at
torney general, the system could be
begun in few cities and towns, and
enlarged to cover within It's opera
tions MS many cities and towns and as
large a part of the country as seemed
wise. The initiation and establish
ment of such a system has required a
great deal Of study on the part Of
the experts IN the postoflce and treas
ury departments. but system has
now been devised which Is believed to
be more economical md simpler in its
operation than ar similar system
abroad. Arrangements have been per
fected so that savings banks will be
opened in some cities and towns on
the 1st of January. and there win be a