The Idaho Springs siftings-news., 1912-12-07

present Danger OF international com
plications due to disorder at home.
Hence the United States has been
glad TO encourage and support Amer
lean bankers who were willing to lend
a helping hand to the financial IS
habilitation of such coutries because
this financial rehabilitation and the
protection OF their custom houses from
being the prey OF would be dictators
would remove at one stroke the men
ace OF foreign creditors and the men
ance OF revolutionary disorder
The second advantage to the Unit
ed States is one affecting chiefly all
the southern and gulf ports and the
business and industry OF the south
The republics OF Central America and
the Caribbean possess great natural
wealth They need only a measure OF
stability and the means OF financial
regeneration to enter upon an era Of
peace and prosperity. bringing profit
and happiness TO themselves and at
the same time creating conditions
sure 10 lead 10 fourishing iH-
terchanEe OF trade with this country
| wish to cal! your especial attention
TO the recent occurrences in Mica
ragua. for | believe the terrible events
recorded there during the revolution
OF the past summer-the useless loss
OF life the devastation OF properly
the bombardment Of detenseless cities,
the killing and wounding OF women
and children, the torturing Of non
combatants to exact contributions.
and the suffering OF thousands OF hui
man beings might have been avert
ed had the department OF state,
through approval OF the loan conven
tiou by the senate. been permitted to
carry out its now well.developed policF
OF encouraging the extending OF f.
na1clal aid TO weak Central American
states with the primary objects o..
avoiding Just such revolutions by as
sistlng those republics to rehab.lr
tate their finances. 10 establish 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-
llsh reliable banks
Agricultural Credits.
most important work. accom-
plishod In the past wear by the Amer
can Diplomatic officers in Europe IS
The Investigation OF the agricultural
cred., system in the European coun-
tries Both as means to afford relief
to the consumers OF this country
through a more thorough develop
ment Of agricultural resources and as
a means Of more sufficiently maintaiu-
iug the agricultural population. the
project TO establish credit facilities for
th. farmers IS = concern of vital i'm
portanc- to this nation. No evidence
of prosperity among well-establishet
farmers should blind US to the fac;
that lack Of capital Is preventing a
development Of the nations agricut
tlral resources and an adequate in
crease OF the land under cultivation.
that agricultural production is fast
falling behind the increase in popula-
tion, and that, in fact, althou gh these
Ncll-estabHshed farmers arr main
tained In increasing prosperity be-
cause % the natural increase IN popu-
Iattou. He are not developing the in
iustry OF agriculture.
IT, iI.-tt4 D4 IJLltA4 - l44N4a mel lttl
farmers feel today had been expert
euced by the farmers Of Europe. with
ago The problem had beer success
their centUries-Old farms many years
fully solved in the old world and 1t
was evident that the farmers OF this
country might profit by a study of
their systems therefore ordered,
through the department Of state. an
luyasti CATION TO be made BY The diplo-
matte officers in Europe. and I have
laid the results Of this inyes-I cation
before tho governors Of the various
states with the hope that they will
be used tn advantage in rhe.- f3rth-
coming meeting.
Increase Of Foreign Trade
In my last annual messaea said
that the fiscal year ended JIre 30.
1911, was noteworthy as marking the
highest record Of exports Of American
products TO foreign countries The
fiscal year 1912 shows that ra.s rate
OF advance has been maintained the
total domestic exports having 81 valu-
alton approximately OF $2,2o0. .lg1. 900,
as com pared with a fraction over
$1,000 100000 the previous year. 1t
Is also significant that manufactured
and partly manufactured articles con-
tiuue to he 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
Ifacture. not including foodstufs part.
ly or wholly manufactured, amounted
/ approximately to s9OI5OO,0oO. In The
/ fiscal year 1912 the total was nearly
| 81 .O22 100000. a gain of sl14.00G.0Oo
/ Advantage Of Maximum and Minimum
/ Tariff Provision.
/ The Importance which our manufac-
{ ,,g-aa Cd in tho -