The Forrest City times., 1912-12-06

l | plications due to disorder at home. Hence the United States has been 1 glad to encourage and support Amer l ican bankers who were willing to lerd a helping hand to the financial re ! mobilization of such coutries because this financial rehabilitation and the 1 protection of their custom houses from l being the prey of wouldbe 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 l ed States is one affecting chiefly all the southern and gulf ports and the business and industry /; the south. l The republics of Central America and the Caribbean possess great natural | wealth. They need only measure of stability and the means of financial regeneration to enter upon an era of l peace and prosperity. bringing profit and happiness to themselves and at the same time creating conditions 1 sure to lead to q lourishing in- terchange of trade with this country. l wish to call your especial attention i 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 property, the bombardment of defenseless cities, 1 the killing and wounding of women and children, the torturiRg of non. combatants to exact contributions, l and the suffering of thousands of hu- man beings-might have been avert ed had the department of state. 1 through approval of the loan eonven- ton by the senate, been permitted to carry out it's now well-developed policy 1 of encouraging the extending Of f. nancial aid to weak Central American l states with the primary objects of , avoiding just such revolutions by as sisting those republics to rehabili- tate their finances, to establish their | currency on a stable basis. to remove l the custom houses from the danger i of revolutions by arranging for their | secure administration. and 10 estab=
 fish reliable banks.
 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 l credit system in the European coun- tries. Both as a means to afford reltef to the consumers of this country i through a more thorough develop ! ment of agricultural resources and as I q means of more sufficiently maintain l ing the agricultural population. the I project 10 establish credit facilities for | the farmers is a concern Of vital im- ! portance 10 this nation. No evidence E of perity among well-established [ farmers should blind us to the fact I that lack of capital is preventing a | development of the nations agricul- F tural resources and an adequate in- | crease of the land under cultivation; i that agricultural production is fast | falling behind the increase in popula- tion; and that. in fact. although these i %ell-established farmers are main | tained in increasing prosperity be- cause of the natural increase in popu- i lation, we are not developing the in- dustry of agriculture.
 The need of capital which American farmers feel today had been experi- l enced by the farmers of Europe. .ith ago. The problem had been success i their centuries-old farms, many years | fully solved in the old world and IL was evident that the farmers of this | country might profit by a study of their systems. l therefore ordered. through the department of state. an 1 investigation to b. made by the diplo- I matte officers sn Europe. and I have laid the results of this investigation before the governors of the various states witli the hope that they win i be used to advantage in their forth. coming meeting
 lnorease or Foreign Trade.
 In my last annual message I said ! that the fiscal year ended June 50. ! 1911. was noteworthy as marking the I highest record Of exports of American products to foreign countries The [ fiscal year 1912 shows that this rate of advance has been maintained the ! total domestic exports having a yaIu. ation approximately Of $2.200. 0o0 600. E as compared with a fraction over ! $2.oo0,000,000 the previous year. It is also significant that manufactured ! and partly manufactured articles con tnue to be the chief commodities form ing the volume of oIr augmented ex- | ports, the demands of our own people 1 for consumption requiring that an in- ereasing proportion of our abundant [ agricultural products be kept at home. l In the fiscal year 1911 the exports of articles in the various stages of man. l ufacture. not including foodstufTs part . " or wholly manufactured, amounted i approximately to s907.500. .00O. In the fiscal year 1912 inc total was nearly | s1.022, 100000. a gain of s114.000. .0OO. i Advantage of Maximum and Minimum
 Tariff Provision.