The Richmond Virginian. (Richmond, Va.) 1910-1920, 1910-12-06
He PRESIDENTS i
MESSAGE SOUNDS
OPTIMISTIC NOTE
tcontlnuea from r'lrsj vase,

Tho parcy ~ broader ana closer
trace tetatl, las with the poninlon of
4 si44,aa, N,nI~u Mas init',tte" al .he
aglDs.t,fttt Ca H.D iItst-,t..i',,.i .ti.d misi-
s5s4.ii. pro, 4sissa4s II tAe satan at OF
ssD.. ,.>s. .a"a, mas p4ufeh mutnaiiy
NenelltiAl
.At ne.otaatlonS were conducted on
}p,tb sizes IN a spirit ~ mutual az
t.pfr fnoGailon me discussion of the
common commercial Interests OF the
tw0 countries nad Tor its ou9ect sat
isfaGterl ha.4s tor trade arrange
u4eyi wnitn oacts the prospect OF II
ireer inter- hansr far the products ot
ne tusted STATES ana tInaua. The
conferences were adjourned To he re-
sHfneJ ia Va Washington IN January.
when II is Hoped that th" aspiration :
of r1,tn -, eruments for mutually
advantageous measure uf reciprocity
gSi.f ta realized.
The Department of state. tho Foreign
service, Etc.
All these talia negotiations so vital
ta our commerce ana Industry. and
the dut, ot 1eatousiY guarding the :
equitable and gust treatment of our
products, capital ana industry abroad
eeN olive upon the bepart of state.
The Argentine pattiesntp coitfa. IL.
like the subsequent important one tor
Argentine railway equipment. and
those for Cuban government vessels.
were secured for our manufacturers
largely through he-good offices OF the
Department Of state.
The efforts Of that department to
secure for titizens Of the United states
equal opportunities in the markets of
the world and TO expand American
commerce have been most successful.
The volume of business obtained IN
new fields of competition and upon
new lines IL already very great and
Congress Is urged "a continue To sup
port the Department Of state In lie
enaeas ors for further trade expansion.
Cur foreign trade merits the best
support of the government and the
most earnest cndeavor OF our mann
iaeturers and merchants. who. If they
do not already In all cases need a
foreign market. are certain soon To
become dependent on it. Therefore
now is the time to secure n strong
position in this field.
/ cannot leave this subject without
emphasizing the necessity of such leg
islation as will make possible ana
convenient the esta adjustment OF Am
crtcan banks and branches of Amer
lean banks in foreign countries. Only
by ouch means can our foreign trade
be favorahly financed, necessary cred
Its be arranged and proper avail be
made Of commercial opportunities in
foreign countries and most especially
in Latin America.
Merchant Marine.
Another instrumeutality indigpensa-
bic TO the unhampered and natural de-
eeiopment OF American commerce s
merchant marine. All maritime and
commercial nations recognize the Inn
portance of this factor. The greatest
commercial nations. our competitors.
jealousy foster their merchant marine,
Perhaps nowhere liz the need for rapid
and direct mail. passenger and freight
Communication quite so urgent as be-
tween the United States and Latin
America. We can secure in no other
uarter of the world such Immediate
/ benefits in friendship and commerce IA
,sotild flew from the establishment OF
I direct lines of communication with
the countries of Latin America aue-
quate to meet the requirements Of u
rapidly increasing appreciation of the
reciprocal dependence of the countries
/ IF the Western Hemisphere upon each
! others products, sympathies and as-
Sistancc.
| alluded to this most important
! subject IN my last annual message: IL
has often been before you and I need
not recapitulate the reasons for Its
recommendation. Unless prompt action
/ be taken the completion of the Pan
anna canal win find this the only great
commercial nation unable to avail in
| International maritime business of this
Areat contribution to the means OF the
worlds commercial intercourse.
Quite aside from the commercial
aspect. unless we create a merchant
marine where can, we find the sea-
a n Ian
ural naval reserve and where could
j we ind in case OF war, the transports
and subsidiary vessels without which
naval fleet is arms without body /!
For many reasons l can not too strong
Is urge upon tho congress the passag g
Of IA measure by mail subsidy or other
subvention adequate to guarantee tho
establishment and rapid development
or an American merchant marine. the
restoration OF the American flag to Its
ancient place upon the seas.
TREASURY DEPARTMENT.
Estimates For Next Years Expenses.
i Every effort has been made by each
department chief to reduce the esti-
mated cost OF his department. for the
ensuing fiscal year ending June 80.
! 1879. | say this in order that con-
sress may understand that these esti-
i mates thus made present the smallest
I sum WHlCn VIII MAINTAIN the depart
ment bureaus, and Offices of the gov
/ eminent and meet It's other obiiga-
lions under existing law, and that "A
cut OF these estimates would result In
embarrassing the executive branch OF
the government In the performance OF
It's duties. This remark does not apply
to the river and harbor estimates ex-
cept to those for expenses OF main
tenance and the meeting OF obligations
! II apply to the public building bin nor
: 20 the navy building program. y
Saving of $50 100000.
The final estimates for the year end
! Ing June 80. 1912. as they have been
sent to the treasury, on November 20
I Of this year, for tho ordinary expenses
OF the government. including those
for public buildings. rivers and har-
bors. and the navy building program,
amount To $620,494. 0l3.1z. This IS
so2.s54. ssT.3o less than the appro-
priations Tor the fiscal year ending
June 30, 1914. II liz sI6.sS3.l53.44
less than the total estimates, inclVd-
ing supplemental estimates submitted
10 congress by the treasury for the
year 1911, and lis $5.574,659.39 less
than the original estimates submitted
~ the treasury for 1917
These figures do not include the ap-
preparations for the Panama canal
; the policy In respect To which ought
to be, and TX. to spend as much each
year AZ can he economically and ef-
/ feCt4SsIY expended IN order to com