Weekly journal-miner., 1910-12-14
PRESIDENTS MESSAGE
tcontinued from Pass rwo.)

fresident Taft refers to the wort os
 'he fourth Pan-Americap co,ser.nc.
 which met in Buenos Ayrre aur,r. l'uy and August last. and say.:
 special cordiaiity between rrpre. sen'ause men from all parts. of Amer, canna, Vn ,au was sbown st this conference
 closer the relations between inc ecan'
 IF wn,ch took part in u
 csr ,n,,.srnstionsi Bureau of Ameri.
 and comity. commerce.
 | am glad to say tha, the action O,
 move % immInsn, T'a%s ssns. ln It's desire to re- feru and Ecuador growine aus ss !.
 boundary dispute, with the eo. .oaers,,os I
 Ss io'n, n," ,rssi and the Argentine Repubiic
 ment. has already resulted snccss,s,,,,y
 preventing war The ,oess,,,s Si,
 ysI"s ,si s, Of cordial eo-erersiicn seswssn
 ms,n,sr sr repus''cs of America for the phere has never been more ei..sss.
 shown than In this mediation hy ws,rh
 en ,o Nm.'1sn ,h,. an sossrnmen's have glv-
 rfs, invoking the most far-rssrs,,s IproN'sions of The Hague Convention for
 ,s ns pacific settlement Of international
 There has been signed by the ,.nr..
 ssntstives of the United states ana
 nenco protocol submitting to the
 .,1.a n'sa s,ates- Mexican boundary com
 .nssiuh, twhore membership for the
 purpose of this case is to hs ,,r,.. Z snr
 ny the addition of a citizen nf c,onsd.s
 .s .ne auesticn Of sovereignty over the pres"nt ra n, tract which iies within tho ,ot E faso. Tcxas. The dntermluatlon los thir question ~fn remove a sourc. "r,mo,, no ,,''e annoyance to the two gov
 The rre.iden, In hts me~as, says nesouations regarding the refundlnx of the bonded debt of Honduras. have
 ~en under way for morc than . year and h is now confidently believed be says. that short time win rus,ce ,o conciude an arrangement which ~lI, be satisfactory to foreign cred,sor, eminentiy advantageous te Honduras Continuing. he says.
 This is much to be desired s,nee. ss recognized by the Washington conven-
 lions. strong Honduras would tend pcrity of Central America.
 During the past year ths republic of ..n,, N,esrasua has been tho scene Of inter- n,n, ,ssn vss,. s,russe ,s Cen zelaya. for even sEua. was throughout his career the distu: :rbcr of Central America and op- posed every plan for the promotion cs the five republics. The President then reviews the rrbcliIJh and ..the onvs ranted execution of two American citi, ssns who had regularly enlisted in the volved the breaking on of siI d,pio- nrr mr,,c ,felations with the zelcya gov
 The moderation and oonc,,,a,ory spw,, ground for the confident hope shst Nicaragua will soon take is riehtful. place among 'be iaw-abldins and pro- xr.ss've countries of the world
 nounce that the Argentine Republic some months ago placed with American manufacturers a contract for the con struetion of two batsieshlps and cer- extent of this work and its importance to the Argentine Republic make the placing of the bid an earnest of friend " feeling toward the United States
 TRAFFIC NEGOTIATIONS
 The new trsflc law. in Section q re- specting the maximum and minimum tsrins Of the United states. which pro- Isio imposed upon the prss,asns ,b. responsibility of determining prior to that date whether or not any undue discrimination existed against the Unit try of the world with which we sus- tained commercial relations.
 Tn the case of several countries in- stances Of apparent undue discrimtns- tfbn ak8fNrt AutIltnn sNmntFtf WsIs found to exist. These discriminaticns were removed by negotiation. Prior to April |. 1910. when the maximum tariR was to come into operation with res pect to tmportations from all those countries in whose favor no proclama- ton applying to miuimum tArin should be issued by the President. one hundred and thirty. four such prociamations were embraced the entire ccmmsrciaI world and hence the minimum tart6 of the United states has gsven universal ap- s,.rs s.ssss"' sssr shrs .ss''sy'"s so shs ,ss,s tions with foreign countries.
 Marked ,advantsaes to the commerce of the United Htates were offained through thess tartm ssttlen.srss rcrs- fact that under seciicn !. of the tsrif act the President bs required. when ever he is satisfied that the treatment sssofSsa sse GS,.s' s' ss , to 'ns rs psSsacss Of entitie them Co the benefits Of the nas- imum tarin of the United states. to withdrsw those benefits by .prociama- tho ' mnsu sns ,sr ss sS's ~ spps nsf to .sss .ss dutisble products entering the Tinted states. ln its generni operation this section of the tsri6 law has thus far msrcisI peace although therc are. how ever, unfortunately, instances where foreign govefnVents deal arbitrarily NNH Am~fitan interests within their 
 The policy of broader and closer trade relations with the Dominion of Canada. which was Initiated In the adjustment of the maximum and minimum provi- sions of the tarin act of August. fsps
 ss proved mutually beneficial It fus- tifles further efforts at readjustment of the commercial relations of tho two countries % that their comnerce may follow the channels natural to contieu. pus countries and hr commemorate with me steady enpcnsion of trade and in. dusfry on both sides of the boundary Inc. The rcciprocafion on the part of Inc i,ominlon government Of the ssnti- 'nenf which wse expressed by this gov rrnmeEt was followed in October by The suggestion that it would be glad to have the negotiations, which had beer Suspended during the sum 'ner. resumed, In accordance with this the secretary of state. by my direction. dispatched two reprcsen. Iatiyes of the Department of state as spccial commissioners te Ottawa Co con. Ter with representatives of the Domln- on government. They were authorized I0 take eulh afaf.a foe fs.....a~tt. .