The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-12-06

L
government for the construction of the
trunk railway lines from Hankow
southward to Canton and westward
through the Yangtse valley, known as
the Hukuang loan, were concluded by
the representatives of the various
financial groups In May last and the
results approved by their respective
governments.
| Tariff Negotiations.
| The new tariff law In section re-
speeding the maximum and minimum
tariffs of the United States, which pro-
visions came into effect on April 4,
1910, imposed upon the president the
responsibility of determining prior to
that date whether or not any undue
discrimination existed against the
United States and its products in any
country of the world with which we
sustained commercial relations.
The policy of broader and closer
trade relations with the Dominion of
Canada which was initiated I'm the ad-
justment Of the maximum and mini
mum provisions of the tariff act of
August, 1909, has proved mutually ben.
efcial. 1t justifies further efforts for
the readjustment of the commercial
relations of the two countries so that
their commerce may follow the chan.
nels natural to contiguous countries
ind be commensurate with the steady
Expansion of trade and industry on
both sides of the boundary line.
The Department of State.
All tariff negotiations, so vital to our
commerce and industry, and the duty
Of jealousy guarding the equitable and
just treatment of our products, capital
and industry abroad devolve upon the
department of state.
| The efforts Of that department to Sc
cure for citizens 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 is already very great, and
congress Is urged to continue to sup
lport the department of state I'm its en-
deavors for further trade expansion.
An fundamentally Indispensable TO
the unhampered and natural develop
ment of American commerce Is mer-
chant marine. All maritime and COM
merclal nations recognize the impor-
'.;nce of this factor. The greatest com
| ''clal nations, our competitors, jeal-
usly foster their merchant marine.
| alluded to this most important sub
ject in my last annual message. 1t has
often been before you, and | need not
recapitulate the reasons for Its recon-
mendation. Unless prompt action be
taken the completion of the Panama
canal will find this the only great COM
mercia1 nation unable to avail In inter
national maritime business of this great
contribution to the means Of the worlds
commercial intercourse.
| For many reasons cannot too strong
| ~ urge upon the congress the passag,
Of a measure by mail subsidy or othe
| subvention adequate to guarantee tn,
| establishment and rapid development
Of an American merchant marine, tn,
| restoration Of the American flag to III
| ancient place upon the seas.
Estimates For Next Years Expenses.
The final estimates for the year end
ing June 80, 1912, as they have beer
sent to the treasury on Nov. 20 of this
year for the ordinary expenses of tn,
| government, including those for pub
! lie buildings, rivers and harbors anC
| $500, 494, 01312. This is $50, 964, SS7 81
less than the appropriations for tn,
fiscal year ending June 80, 1911. 1t 1:
| SIC, 1888, 1914 less than the total est
mates, including supplemental esti
mates submitted to congress by the
treasury for the year 1911, and is So,
ga, 650.39 less than the original esti
mates submitted by the treasury fol
1911.
| These figures do not include the ap
propriations for the Panama canal, the
policy I'm respect TO which ought to bt
and is to spend as much each year as
can be economically and effectively ex
pended In order TO complete the cana
as promptly as possible, and there
fore the ordinary motive for cutting
down the expense of the government
does not apply to appropriations fol
this purpose. 1t will be noted that the
estimates for the Panama canal fol
the ensuing year are more than $50,
100000 an increase of S20,00000t
over the amount appropriated for this
year, a difference due TO the fact tina,
the estimates for 1912 include some
thing over S10,000,O0O for the fortified.
ton of the canal.
Against the estimates of expendi-
lures. $3.50, 404013.12, we have esti-
mated receipts for next year $780,
100000, making probable surplus of
ordinary receipts over ordinary ex-
penditures &C. c@out $J0.000,OO0, or,
taking into account the estimates for
the Panama canal, which are $50, 920,-
S47 90 and which will ultimately be
paid In bonds, It will leave deacit
for the next year of about $T.000,O00
IL congress shall conclude TO fortify the
canal. The cost of the fortiicatiors
is about Sl9,O00.O00. Should there be
no appropriations this year for FORTH
cations then there would be, even In