Fort Mill times. [volume] (Fort Mill, S.C.) 1892-current, 1911-12-28
Washington.

The exports OF tne OHlteu oVdt|-
to the countries of the rest OF the
world during the eleven months OF
the current year ending with Novcm-
Der exceeded the imports By some
what more than s475000,0o0. The
value of the exports was S1.S67,614,-
$40, while the imports were worth
s1,392.552,22S, according to statistics
issued today by the department OF
commerce and labor. During the
corresponding period last year the
exports exceeded the imports II
value by a1out s211.000,Ooo.
President Taft tentatively pronis.
ed a committee from the Southern
Commercial congress and members
of the Tennessee delegation to at
tend the next meeting Of tho COLI
gress to be held in Nashville, Tenn,
on April Of next year. Among those
included in the committee arc Sena'
tor Fletcher, OF Florida, who at the
time /. = neat speech presented a
handsomely bound copy of the pro-
ceedings OF the last Atlanta congress
to the president, and Senators Tay'
lor and Lea.
That the United States will be the
loser as the result Of the ahrogation
of the treaty of 1892 between that
country and Russia through ;ariff op
erations and trade relations. wac q
belief expressed unofhc.aily by
many persons having access 10 rus
sian government circles. Russia has
indicated that she will compel TN
United States TO make retributior fo
the summary abrogation OF TIC cor.
mercial treaty.
President Taft sent to congress tat
long awaited report OF the fari,l
board Oh schedule X of the Payne
tariff act, and with 1t message rec
ommending that tho rates on wool
and woolens be materially reduced.
The report shows that The existing
duties en- many classes Of wool and
wool manufactures are prohlbitory'
and greatly in excess of the differ.
ence in the cost Of production hero
and abroad. The duties are so ar
ranged as to keep out Of the United
States entirely woods OF finer quail
ties which If imported might be used
to displace the cheap substitutes now
employed. President Taft calls attc1
ton to these points and urges tha.
a revision OF. the schedule he pro-
ceeded with at once.
The federal government filed suit
in the United States circuit court at
Philadelphia against the Keystone
Watch Case Company, declaring 1t an
unlawful combination, in violation OF
the Sherman antitrust law, and ask.
ing that it be restrained from car
rying OIL an alleged monopoly i'll the
manufacture and sale oil watch cases
The government declares that the
company now manufactures and
sells SO per cent OF all watch cases
manufactured and sold III the United
States
The senate, by unanimous vote,
formally ratified President Taft's no
tification to Russia of the termina'
ton of the treaty of 1882. The Lodge
Joint resolution, reported by the for
eign relations committee as substl-
tute for the Sulzer resolution that
passed the house 300 to l, was adopt
ed after an all-day debate over Rus,
sian determinations against the
Jews of America. The house is ex.
pec.ed to agree to the senate meas
ure The resolution was introduced
for the committee by Mr.. Lodge OF
Massachusetts, as the measure couch
ed in the language most satisfactory
to the Washington administration
wbic hsought to avoid giving offense
TO the St Petersburg government.
There was an echo of the Savannah
harbor scandal in the Supreme court
when that tribunal assigned for early
hearing on the summary docket" the
question of whether the United
states is entitled to 400 shares c!
stock in the Norfolk and Western
Railway company as property pur-
chased for Capt. Oberlin NJ. Carter
with funds alleged to have been I'M
properly procured from the govern
inent Mary c. Leary Of New York
claims the stock as indemnity for her
husb,.nd going on Carter's bond when
he was arrested in connection with
the scandal.
Appeals for the immediate reform
OF the countrys banking and curren-
cy system and scientific tariff legis'
lation. based upon entirely new rea
sons. stand out prominently in the
annual report of Secretary Of the
Treasury MacVeagh. submitted 10
congress. This statement of the ma
tion's finances bristles with urgent
| suggestions for corrective financial
laws. The secretary of the treasury
foresees a surplus. in the treasury al
the end of the fiscal year 1913 Of
about $4,000, eco, exclusive Of expen