El Paso herald. (El Paso, Tex.) 1901-1931, 1912-06-19

war basis Of government bonds and is
nc longer adapted to our changed con-
/ ditiOns. 1t is inelastic. For the solu-
ton of this question the policy. OF the
Republican party established a mon
etary commission which has made
most thorough and exhaustive STUDY
OF the financial systems of all civil
lied nations and of their relations 10
our own system and the needs Of Amer
lean business The commission has
reported bill for the establishment or
a new system of reserve associations
under which the currency will be elias
tic. It is for the interest OF every buSl-
ness man IN the Cnlted SIaIeS tHat me me
party controlling the government snaH
not be changed until this policy has
been carried into execution.
Trust Prosecutions.
There have been over 500 prOsecu-
lions for violations of the interstate
commerce law within the last year.
and more than a thousand cases within
the last three years. More than 500
shipments of adulterated and misbrand-
ed foods and drugs have been con-
demned and forfeited and enormous
quantities of injurious food material
have been destroyed.
The conservation of natural re-
sources has been in the hands of its
friends. The process of examining and
separating the timber and the agricul-
tural land in the great forest reserves
established at the close of the last
administration has proceeded under the
present administration in accordance
with the original plan. Classification
and appraisal of coal lands and their
restoration to entry at discriminating
prices has been extended to over 16.-
100000 acres.
The Army and Navy.
THE army has been made more
efficient The great process of
training not only the regular army but
the militia has been pressed forward
The navy has improved its organi-
zation and decreased Its expenses. The
execution Of the regular and estab
lshed program Of adding two battle
ships to the fleet annually to take the
place of the old ships, has met with
a reverse in the refusal Of the Demo-
cratic house of representatives to ap-
prOprlate any money for the cOnstruc-
tion of battleships and the question
now stands-What is the will OF the
American people on that question:
The construction of the Panama ca
nal has been pressed forward. 1t is
manifest now that the work will be
done in advance of the time fixed and
within the cost estimated and that
during the coming year it will be sub
stantially completed
COuntry's Foreign Relations.
Speaking of foreign relations. Mr..
Root referred to settlement by arbi-
tration of the northeastern fisheries
dispute. the efforts TO preserve fur
seals of the Alaskan islands, the ter
minatiOn of the commerce treaty with
Japan He said Americas tariff rela-
tons with other countries had been
readjusted under the maximum and !
minimum clause Of the Payne-Mdrich |
law and Americas foreign exports have !
grown from $1.491,O44,641 in 1905 to |
S2,013,5s9,025 in 1911. with a balance |
in our favor in 1911 OF S522,094 094. He |
then continued:
Under the peace and security our /
government has afforded, not only has |
our country become vastly rich, but /
there has been a diffusion Of wealth !
which should inspire cheerful conf |
dence in the future Witness the $685. |
g.rnrrr ssn4 Inc OIL
with S4,421.T21, $50 deposits in the year |
1911. We viii maintain the power and |
honor of the nation but will observe /
those limitations which the cOnstitu- /
ton sets up for the preservation OF 1
self government
Promises for the Future.
we will make and vigorously en- !
force laws for the promotion of public
interests and the attainment of pub
lie ends. bit we will observe those great !
rules OF right conduct which our faith (
constitution. We Will hold sacred the /
declarations and prohibitions Of the /
bill Of rights which protect the life !
and liberty and property of the citizen
against the power of government We I
will keep the covenant that our faith /
ers made and that we have reaffirmed
from generation to generation, to pro-
tcct the whole body OF the people, and
every individual under national juris-
with deep sense of duty to so or
DER our country government thaI the
blessings which God has vOuchsafed to
US may be continued. we can be trusted
to keep the pledge given to the Amer
lean people by the last Republican
national convention.
The Republican party will uphold !
at all times the authority and integ-
rity OF the courts, state and federal.
and will ever insist that their powers
to enforce their process and to protect
life, liberty and prosperity shall be
preserved inviOlate."