Albuquerque morning journal., 1910-12-07


from all those countries in whose
favor no proclamation applying the
minimum tariff should be issued BY
the president. one hundred and
thirty-four such proclamatlons we're
issued. This series OF proclamations
embraced The entire commercial
world and hence the minimum tariff
of the United States has been given
universal application, thus teStifyine
to the satisfactory character of our
trade relations with foreign countries.
Marked ADVANTAGES 70 the COM
merce Of the United States were OBJ
tanned through these tariff settle
ments. Foreign nations are fully
ton Of the thrift act the president
is required, whenever he IS satisfied
that the treatment accorded by them
to the products OF the United States Is
not such US TO entitle them to the BEN
cfits of the minimum tariff of the
United States 20 withdraw those ben
efits by proclamation, giving ninety
days notice after which the MAXI
mum tarilf viii apply to their
dutiab products entering the United
states, In its general operation this
section Of the tariff law has thus far
proved guaranty OF continued com
mercial peace, although there are,
however. unfortunately instances
where foreign governments deal arr
bitrarily with American interests
within their jurisdiction in manner
injurious and ineduitable
The policy OF broader and closer
trade relations with the Dominion of
Canada which was initiated IN the ad-
iustment of the maximum and mini
mum provisions of the tariff act of
August, 1909, has proved mutually
beneficial II justifies further efforts
for the readjustment OF the CONNER
cial relations of the two countries so
that their commerce may follow the
channels natural to contiguous coun-
tries and be commensurate with the
steady expansion Of trade and indus
try on both sides of the boundary
line. The reciprocation on the part
of the Dominion government OF the
sentiment which WAS expressed by
this government was followed in oc-
tober by the suggestion that II would
be glad to have the negotiations.
which had been temporarily suspend
ed during the summer resumed. In
accordance with this suggestion the
secretary OF state, by my direction,
dispatched two representatives of the
department of state as special COM
missioncrs TO ottawa 10 confer with
representatives of the Dominion gov
ernment They were authorized t.
tak,. such steps for formulating a
Reciprocal trade agreement as might
be necessary and TO receive and con-
slider any propositions which the Do
mnion government might care To
submit
Pursuant to the instructions issued
-
missioners with officials of the Do
mnion government at Ottawa in the
early part OF November.
Tie negotiations were conducted OH
both sides in a spirit of mutual ac-
commodation. The discussion of the
common commercial interests OF the
two countries had for its object a sat
isfactory basis for n trade arrange
ment which offers the prospect OF q
freer interchange for the products Of
the United States and OF Canada, The
conferences were adjourned to be re-
suned in Washington in January,
when it is hoped that the aspiration
OF both governments for a mutually
measure OF reciprocity
win bc realized.
The DcpaHu ulcnt OF state. the For
cien ScrNi,z' iltc.
Al these tariff negotiations, SO
vital to our commerce and industry
and the duty OF jealously guarding
the equitable ana just treatment Of
our products, capital and Industry
abroad deyolvc +ipon the department
Of state.
The Argentine battleship contracts,
like the subsequent important one for
ttr. fttt Il
those for Cuban government YES
sells were secured for our manufac-
turors largely through the good of
fees of the department of state.
The efforts OF that department to
secure for citizens Of the United
States equal opportunities In the mar
ISets OF the world and to expand
American commerce have been most
The volume of business
obtained in new fields Of competition
and upon new lines is already very
great and congress Is urged 90 con
inue To support the department. OF
state IN its cndeavors for further trade
expansion.
our foreign trade merits the best
support Of the government ana the
most earnest endeayor of our manu-
aoturers and merchants who IT they
10 not already la an cases need for
3isn market, are certain soon 10 be
'ome dependent on it. Therefore.
low is the time 20 secure strong
position in this field.
| can not leave this subject with
mt emphasizing the necessity Of such
egislation as will make possible ana
ouvenient the establishment of
American banks and branches Of
american banks in foreign countries.
bnly by such means can our foreign
rade be favorably financed, ueces- |
AIRY credits be arranged and proper |
vail be made of commercial Oppor- |
uuities in foreign countries, and |
most especially in Latin America.
Another instrumentality indispans |
bic 10 the unham pored and natural |
evolopment of American commerce 1
! merchant marine. All maritime 1
nd commercial nations recognize the |
Importance of this factor. The great |
st commercial nations. our competi- /
prs. jeaiously foster their merchant /
marine. Perhaps nowhere Is the need /
pr rapid and direct mail passenger |
nd freight communication quite SO |
rgcnt ~ between the United states
nd Latin America We can secure /
d no other quarter Of tho world such |
benefits in friendship and
as would flow from the
of direct lines Of COM
lunication with the countries OF
.atin America adequate To- meet the
cQuircmeuts OF "a rapidly increasing
OF the reciprocal dc
endeucc of the countries of the