The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-12-07

not one of the msdiAiors, lent .dsc'tve
aad IN hsftherancs OF preliminary agre,s
rnsnt lisely to lead On u an Arnicaoso
sett'omsnt. and II ~ not doubtsi tnAt
tho good offaces Of tbs moiiatinx Powsrs
| and the concihatory corporation OF M
Governments directly Interested VII,
finally lead Ia a removal OF this psr"nnl1
cause Of friction bstwsen ECUADOR An"
Per,I.
Tho incstimable value Of CORDIAL
| cooperation betwr sn the aister ropopncs
| Of America for the maintenance OF peace
| in this hemisphsre has never been moro
| clearly shown than in this msdiat,on,
| by which three American tSovernmons
have given To this hemisphere tho hSnor
OF first invoking ;hs most far-reaohinS
provisions u tn. Hague Cow entson Tor
the pacific ssttlsment OF international
disputes
The refunding of the Honduran debt
in a manner satisfactory to foreign cred
itors is In progress, Mr.. TAFT says. and COM
prehensive plans are being made To re-
habihtate the credit OF Sicaragua
Secretary knox's action in Nicaragua
and the contention made by him that the
revolution there represented the wishes
Of the majority. says the President, has
been upheld by the facts. all factions hav-
the overthrow OF Madrix. The modera.
ton and conciliatory spirit shown sives
ground for the hope, he says. that that
country will soon take It's rightful place
among the Law abiding countries OF the
world
TARrvr AND 20 REIGN TRADE.
This IL what the President says on the
subject Of tarin negotia tions:
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 I. 1910.
imposed upon the President the respon-
sibility Of determining prior 10 that date
whether or not any undue discrimination
existed against the United States and it's
products in any country Of the world with
which we sustained commercial rela tions.
In the case OF several countries in
stances OF apparent undue discrimination
against American commerce were found
to exist. These denominations were
removed by negotiation. Prior to April
l. 1910. when the ma xinum tariff was To
come into operation with respect TO i'm
portationA from all those countries in
whose favor no proclamation applying
the minimum tariff should be issued by
the President 1874 such proclamations
were issued. This series IF proclamation
embraced 'hs entire commercial world.
and hence the minimum tariff Of the
, United States has been given universal
application. thus tSstifying TO the salts
factory character of our trade relations
with foreign countries
Marked adS antag.s to the commerce
Of the United States were obtained
through these tarif settlements Foreign
nations ara fully cognizant Of the fact
that under section Of the tariff act the
President is required. whenever he is
G-.l bat Ia srtls. @.a.A
by them 10 the products Of the United
States - not such A. to entitle them TO
tn" benefits of the minimum tariff Of the
United states TO withdraw those benefits
nv proclamation, giving ninety days
notice. after which the maximum tariff
will apply 10 their dutiable products en-
'e-ing the United States. In it's general
operation this section Of the tariff Law has
thus YTf proved guaranty Of continued
commercial peace. although there are
however. unfortunately. instances where
foreign Governments deal arbitrarily
with American interests within their
Jurisdiction ia a manner injurious and
lneluitable
The policy Of broader and closer
tfade relations with the Dominion Of
Canada which was initiated in the ad Just
meni Of the maximum and minimum
prov isions Of the tariff act Of August
1909 has proved mutually beneficial. IL
Justifies further efforts for the read just
ment o! the commercial relations OF the
two countries. so that their commerce
nav follow the channels natural 30 con-
tignous countries and be commensurate
with the steady expansion OF trade and
industry on both sides OF the boundary
line. The reciprocation on the part
OF the Dominion Government Of
the sentiment which vas expressed
by rhi. Gov eminent was followed IN
October by the suggest ion that it would
he glad to have the negot iations. which
had been temporarily suspended during
the summe- resumed. In accordance
with this suggestion tho Secretary OF
state by my direction. despatched two
Representatives 81 the Department Of
Sta;. az special commissioners to OF
tawa to confe- with representatives OF
the DOMINION Government. They were
authorized TO take such steps for formulat
nga reciprocal trade agreement as might
be necessary and 10 receive and consider
any propositions which the Dominion
Government might care 10 submit.
Pursuant to the instruct ions lsslisd.
conferences. were held by these com mis-
sione-s with officials 81 the Dominion
Government at Ottawa IN me early part
II Sovsmbe-
tn. negotiations were conducted on
both sides IN a spirit Of NUT ual accommo-
datIon, The discussion OF the common
commercial interests Of the two countries
had for it's object a SatIsfacto DRY basis for a
trade arrangement which offers the prO--
peel 81 a free Interchange for the prod
ucts Of the United States and Of Canada.
The conferences Were AL journad To be re-
stunned IN Wellington in January. when IL
"a hoped that the aspiration 81 both Gov
e-nmsnts for a mutually advantageous
measure 81 reciprocity will he realized.
The State Department, Mr. Taft goes
on To say. IL charged with handling such
matters as this a nd Its success IN securing
for our citizens equal opportunities IN
the markets 81 the world nd the expan-
sion ~ our commerce impels him to urge
Congress to continue its support u that
Department
The President also urges legislation
as viii make possible and convenient
tn. establishment Of American banks
and branches 81 American banks in for
.ign countries. a. only by such means.
h. says can our foreign trade be financed
FOR 4 SHIP SUBSIDY.
Mr. Taft reIterst"' his plea for a ship
subsidy
Another fundamentally indispensable
to the unha mpered and natural develop
rDeuf Of American commerce 4. meJchan Mt