El Paso herald. (El Paso, Tex.) 1901-1931, 1910-12-06
PRESIDENTS MESSAGE PRESENTED To
CONGRESS; MANY Recommendations
Continued From Page one.)

the statute books in restraining the
abuses which certainly did exist and
which reused the public TO demand re-
form
II this test develops a need for fur
Their legislation, well ard good, but un-
til then let US execute what we have
Due to the reform movements of the
present decade, there has undoubtedly
been a great Improvement in business
methods and standards. The great body
of business men of this country, those
who are responsible for its commercial
development now have an earnest de-
sire to obey the law and to square
their conduct of business to its require
ments and limitations. These will
doubtless be made clearer by the de-
cisiens of the supreme court in cases
pending before II.
Gencra1 7OIfcy.
I believe II to be in the interest OF
al the people of the country that. for
the time being the activities of gov
eminent, in addition TO enforcing the
existing law, be directed toward the
enconomy of administration and the en-
,largement of opportunities for foreign
trade. the conservation and improve
ment of our agricultural lands, the
building up of home industries, and the
strengthening of confidence Of capital
in domestic investment
other matters of general interest are
touched upon as follows
Arbitration.
During the past year the foreign re-
latfons of the United States have con-
tinued upon a. basis of friendship and
good understanding. The year has
been notable as witnessing the pacific
settlement of two important interna-
tional controversies before the perma-
nent peace court at The Hague
The arbitration of the fisheries dis
pute between the United States and
Great Britain. which has been the
source Of nearly continuous diplomatic
correspondence since the fisheries con-
vention in 1915, has given an award
which is satisfactory to both parties,
ard disposes of a controversy the set
Element of which has resisted every
other resource of diplomacy, and which
for nearly 80 years has been the cause
of friction.
The tribunal constituted at The
Hague by the governments Of the Unit
ed States and Venezuela has rendered
an award in the case of the Orinoco
Steamship company against Venezuela
The Far East.
The center of interest in far eastern
affairs during the past year has been
China. The policy of this government
has been directed by a desire to make
the use of American capital in the de-
velopment of China an instrument in
the promotion of Chnia's welfare and
material prosperity without prejudice
to her legitimate rights as an indepen-
dent political power.
The policy has recently found further
exemplification in the assistance given
by this government to the negotiations
between China and group of Ameri-
can bankers for loan of $50,000,000
to be employed chiefly in currency re-
form The United States in its treaty
OF 1903 with China obtained a pledge
from the latter to introduce uniform
ma tional coinage
3 For the success Of this loan and the
contemplated reforms which are of the
greatest Importance to the commercial
interests of the United States and the
civilized world at large, it is realized
that an expert will be necessary, and
this government has received assuran-
ces from China that such an adviser,
who shall be an American. will be en-
gagged.
Mexican Independence.
The congressional commission APP
pointed under a concurrent resolution to
attend the festivities celebrating the
centennial anniversary of Mexican in
dependence, together with a special
ambassador, were received with the
highest honors and with the greatest