The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1912-12-05

tate tlelr finances, TO 6StaDl1Sl their
currency on a stable basis, to remove
the custom houses from the danger
of revolutions by arranging for their
secure administration, and to estab
lish reliable banks.
During this last revolution in Mica
ragua, the government of that repub-
lie having admitted its inability to
protect American life and property
against acts of sheer lawlessness on
the part of the malcontents, and hav-
ing requested this government to as
sumo that Office, it became Necessary to
land over 1000 marines and bluejack
cts in Nicaragua Owing to their
presence the constituted government
of Nicaragua was free to devote its
attention wholly to its internal tTou-
bles, and was thus enabled to stamp
out the rebellion in a short space of
time. When the Red Cross supplies
sent to Granada had been exhausted,
5000 persons having been given food
In one day upon the arrival of the
American forces, our men supplied
other unfortunate, needy Nicaraguans
from their own haversacks. | wish to
congratulate the officers and men of
the United States navy and marine
corps who took part in re-establishing
order in Nicaragua upon their splen-
did conduct, and to record with scr
row the death of seven American ma
rines and bluejackets. Since the
establishment of peace and order,
elections have been held amid condi-
lions of quiet and tranquility. Nearly
all the American marines have now
been withdrawn. The country should
soon be on the road to recovery. The
only apparent danger now threatening
Nicaragua arises from the shortage
Of funds. Although American bankers
have already rendered assistance.
they may naturally be loath to adj
vance loan adequate to set the coun-
try upon its feet without the support
OF some such convention as that of
June, 1911, upon which the senate has
not yet acted.
The president alluded briefly to the
enforcement Of neutrality laws, to
Secretary Knox's visit to Central
America and to the unfortunate dis
turbances in Mexico Continuing, the
message said:
Agricultural Credits.
A most important work, accom-
plished in the past year by the Ameri-
can diplomatic officers in Europe, is
the investigation OF the agricultural
credit system in the European coun-
tries. Both as means to afford relief
to the consumers Of this country
through more thorough develop
ment Of agricultural resources and as
a means of more sufficiently maintain
ing the agricultural population, the
project to establish credit facilities for
the farmers is concern of vital inn
portance to this nation. No evidence
of prosperity among well-established
farmers should blind us to the fact
that lack of capital Is preventing a
development of the nations agricul-
tural resources and an adequate in
crease of the land under cultivation;
that agricultural production is fast
falling behind the increase in popula-
ton; and that, in fact, although these
well-established farmers are main
tanned in increasing prosperity be-
cause Of the natural increase in popu-
lation, we are not developing the in
dustry of agriculture We are not
breeding in proportionate numbers a
race of independent and independence
loving land owners, for lack of
which no growth of cities can COM
pensate. Our farmers have been our
mainstay in times of crisis, and in
future it must still largely be upon
their stability and common sense that
this democracy must rely to conserve
its principles of self-government.
The need of capital which American
farmers feel today had been expert
enced by the farmers OF Europe, with
ago. The problem had been success
their centuries-old farms, many years
fully solved in the old world and it
was evident that the farmers of this
country might profit by study of
their systems. | therefore ordered,
through the department Of state, an
investigation to be made by the diplo-
matte officers in Europe, and I have
laid the results of this investigation
before the governors Of the various
states with the hope that they will
be used to advantage in their forth
coming meeting.
Increase Of Foreign Trade.
In my last annual message | said
that the fiscal year ended June 80,
1911, was noteworthy as marking the
highest record Of exports of American
products to foreign countries. The
nscaL year 1912 shows that this rate
Of advance has been maintained, the
total domestic exports having valu-
alton approximately of $2,200,00O, 900,
as compared with fraction over
$4,000. 100000 the previous year It
is also significant that manufactured
and partly manufactured articles con-
tinue to be the chief commodities form
ing the volume Of our augmented ex-
ports, the demands OF our own people
for consumption requiring that an in
creasing proportion Of our abundant
agricultural products be kept at home.
In the fiscal year 1911 the exports of
articles in the various stages Of man
ufacture, not including foodstuffs part
ly or wholly manufactured, amounted
approximately to so07, 100000. In the
fiscal year 1919 the total was nearly
$1,022, O00,0 900, a gain Of $4,000, 900.
Advantage of Maximum and Minimum
Tariff Provision.
The importance which our manufac-
lures have assumed in the commerce