New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-12
From Tic Tribune Bureau !
WaCb,o-,o.

Washington, May II.
MENACE KNOWS POLICY Opposition
to the Honduran treaty in the Committee
on Foreign Relations appears to be in
creasing instead OF diminishing. When that
convention was under consideration yester-
day Il developed that Senator William
Alden Smith had been won over To the
opposition. and the Democratic members
appeared TO he unit In their antsgonlsm.
Under these circumstances the friends of
the administration are greatly discouraged
regarding the prospect Of efecting the rati-
ncaton Of the treaty. Unfortunate as is
this situation I'm 50 far as Honduras is con-
cerned. II is even more serious because the
rejection ~ this convention would he tanta-
mount to the rejection OF Secretary Knox 5
central American policy. Acting in the
hGht Of the very gratifying experience with
Santo Domingo. Mr. Knox has formulated
the policy Of lending financial assistance TO
all Of the smaller Central American repub-
lies which have contracted foreign debts.
This Is 20 be done in the form Of loan
OF sufficient size to refund the foreign obli-
cations, such loan 10 be secured by q sys-
tenn OF supervision Of the customs receipts
whereby the payment OF the interest and
tho accumulation of tho necessary sinking
fund are assured This scheme has worked
most satisfactorily IN Santo Domingo. and
tho Hondurau treaty provides for i similar
plan. In operation. such a scheme not only
obviates all foreign complications, but
makes for tho stability Of the country itself.
In most Of these small republics revou-
tons result from the effort Of the outs
TO get control Of tho customs receipts.
With these receipts collected under the
supervision Of an American fiscal agent
who has the backing Of the United States
there rs nothing 70 fight for. and. m the
case Of Santo Domingo revolutions cease
u is. moreover. the belief OF the Secretary
Of state that after a period Or such tran
GUILTY. as j. enforced during the period re
dlired 70 defrav the loan. after term OF
honest administration of tho customs. the
people viii learn 20 appreciate The benefits
Of an honest and stable government. and
that. even after tho quaS-supervision or
this government ceases. there VIII bo far
less probability of intornscine strife Fut
if the Senate rejects the pending treaty
With Honduras 10 viii become 4 grave
question whether the Secretary Of State
will 10 able to oNteud the policy further.
have followed i'm Sauto DominGo.
FIGHTING RECIPROCITY So bite is
tine opposition to Canadian reciprocity that
IFS opponents Yeem 70 believe that all is
fair in hatred and politics and TO he will
ing to 20 To any lengths 20 compass the de-
feat of tho agreement y will cheerfuIly
vote 90 add the Democratic free list bill
90 the Canadian reciprocity resolution II
br that means ! can promote tho defeat Of
tre reciprocity agreement" laid Senator
NcCmber. ~ North Dakota, to-day,
anropor OF Tire announcement In this
column Wednesda~ morning that such q
step vas contemplated 10y the protection
Democrats Of the Bailey Simmons type. AMI
IN further inquiry II developed that there
arc other regular Republicans who Will
assist Mr. Bailey and his protection friends
ON tho ruinoritr side IT, This uefsriOus
scheme. OF course. IL goes almost without
saving that n this wore accom- plishe d-that
IS. if the free list bill were added 10 the
reciprocity resolution it would kill the lat
ter and indeed. IT is more than proba bic
hat the President would veto tho measure
should it come 10 him I'm such form. As
along. there is no possibility of defeating
tho reciprocity agreement on q fair vote or
by fair methods. but tho lengths 10 which
not only the Democrats. but even certain
regular Republicans. are willing 10 go TO
TO prevent fair vote constitute a serious
menace 10 this important administration
policy
RECIPROCITY AND THE TRUSTS
Senator Stone. who Is bitterly opposed 10
the Bailey scheme Of defeating the reci-
rrocitv agreement. took OCCASION to-day 20
put into "The Congress onal Record"
newspaper dispatch calling attention 70 the
fact tina a firm OF lawyers in William
street New York. is aiding the Farmers
National Grange in It's opposition 20 Cana
dian reciprocity. and. a. Mr.. stone re-
marked. William Is not very far from Wall
street Moreover Mr.. Stone took occasion
20 emphasze the fact that one OF the
members Of this firm is 30 Washington en-
Of any secret caucus. held outside the