Yellowstone monitor., 1912-12-05

| L wish 10 congratulate the officers
and men of the United States navy and
marine corps who took part In re-estab-
fishing order in Nicaragua upon their
splendid conduct and to record with
sorrow the death of seven American
marines and bluejackets. Since the re-
establishment of peace and order elec-
tions have been held amid conditions of
quiet and tranquility. Nearly all the
American marines have now been
withdrawn
Our Mexican Policy.
For two years revolution and counter
revolution have distraught the neigh
boring republic of Mexico BrigaHdage
has involved a great deal OF depreda-
ton upon foreign interests. There have
constantly recurred questions Of ex-
treme delieacy. On several occasions
very difficult situations have arisen on
our frontier Throughout this trying
period the policy of the United States
has been one OF patient nOninterven-
I ton, steadfast recognition of constitut-
ed authority in. the neighboring ma
ton and the exertion OF every effort
60 care for American interests | pro-
foundly hope that the Mexican nation
may soon resume the path of order.
prosperity and progress. To that ma
ton in It's sore troubles the sympa-
thetic friendship of the United States
has been demonstrated to high de-
gree.
There were in Mexico at the begin
ming of the revolution some 10000 or
10000 American citizens engaged in
enterprises contributing greatly TO the
prosperity of that republic and also
beneflting the important trade between
the two countries. The investments OF
American capital In Mexico has been
estimated at 81 ,000. .000, 900 The respon-
sibility of endeayoring to safeguard
those interests and the dangers insep-
arabic from propinquity to so turbulent
situation have been great. but | am
happy to have been able to adhere to
the policy above outlined-a policy
which | hope may soon be justified by
the complete success OF the Mexican
people in regaining the blessings Of
peace and good order.
Agricultural Credits.
4 most important work accomplished
IN the past year by the American dip
lomatic officers In Europe Is the inves-
tigaion of the. agricultural credit sys-
tenn In the European countries Both
as a means TO afford relief to the con-
sumers Of this country through a more
thorough development OF agricultural
resources and as a means Of more suffl-
ciently maintaining the agricultural
population, the project to establish
credit facilities for the farmers Is q
concern Of vital Importance to this M
. ton.
! No evidence of prosperity among vel
, established farmers should blind US ts
] the fact that lack of capital Is prevent
ing a development of the nations agri
cultural resources and an adequate In
credse Of the land under cultivation
that agricultural production is fast fall
ing behind the increase in population
and that, in fact. although these vel
established farmers are maintained II
increasing prosperity because Of the
natural increase in population, we are
ture
Advantage Of Maximum and Minimum
Tariff Provision.
/ The Importance which our manufae
lures have assumed in the commerce
] Of tie world in competition with the
; manufactures of other countries again
! draws attention to the duty Of this
government 10 use its utmost endeay
ofs TO secure impartial treatment fol
+ American products In all markets
Healthy commercial rivalry In interna
i tional intercourse is best assured by
the possession of proper means fol-
projecting and promoting our foreign
|. trade 1t IL natural that competitive
! countries should view with some con
: Germ this steady expansion OF our com
! merce. II In some instances the meas
ures taken by them TO meet 1t are not
entirely equitable a remedy should be
: found
In fermer messages have described
/ the negotiations OF the department oi
, state with foreign governments for tht
: adjustment of the maximum and mini
{ mum tariff as provided in section . oil
the tariff law Of 1909. The advantages
secured By the adjustment OF our trade
: relations under this law have eontin
ued during the<fast year. and some ad
: ditional eases OF discriminatory treat
ment of which we had reason to com
: plain have been removed. The depart
ment OF State has for the tirst time In
the history ,of this country obtained
! substantial most favored treat
ment from all the countries OF .ths
world
: There are. ~howeyer. other instances
which. while apparently not constitut
Ing undue discrimination In the sense
Of section :. are nevertheless excep
tfohs TO the complete equity Of tariff
treatment for American products thai
tie dena -t.nsat Of state consistently