The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1912-12-07
ing for their secure administration and t.
establish reliable banks.
Agricultural Credits.

~ Ttlle1 TO the consumers Oh tD1s
country through a more thorough devel-
opment of agricultural resources and az
means of more sufficiently maintaining
the agricultural population, the project
to establish credit facilities for the farm
ers is concern of vital importance to this
nation. No evidence of prosperity among
well-established farmers should blind US
to the fact that lack of capital is pre-
venting development of the nations az
ricultural resources and an adequate in
crease of the land under cultivation; that
agricultural production is fast falling be-
hind the increase in population: and that.
In fact. although these well-established
farmers are maintained in increasing
prosperity because of the natural increase
in population, we are not developing the
industry OF agriculture.
The need OF capital which American
farmers feel today had been experienced
by the farmers of Europe. with their GEN.
turtes-old farms, many years ago. The
problem had been successfully solved in
the old world and 1t was evident that the
farmers of this country might profit by q
study of their systems. / therefore order
ed, through the department of state. an
investigation to be made by the diplo-
matte officers in Europe. and 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 forthcoming meeting.
Increase Of Foreign Trade.
In my last annual message I 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 fiscal year 1912 shows that
this rate of advance has been maintained.
the total domestic exports having valu-
alton approximately of 81. 30o. 900 .000 as
compared with a fraction over 81. 900. ON, 900
the previous year. It is also significant
that manufactured and partly manufac-
tured articles continue to be the chief
commodities forming the volume of our
augmented exports, the demands Of our
own people for consumption requiring that
an increasing proportion of our abundant
agricultural products be kept at home.
In the fiscal year 1911 the exports of arti-
cles in the various stages of manufac-
ture, not including foodstuf1s partly or
wholly manufactured, amounted approx
mately to 1907, 900 In the fiscal year
1912 the total was nearly 81 .022 100000, q
gain of $1l4,0O0,0oo.
Advantage Of Maximum and Minimum
Tariff Provision.
The Importance which our manufactures
have assumed in the commerce Of the
world in competition with the manufac-
lures of other countries again draws at
tention to the duty of this government to
use its utmost endeavors to secure i'm
partial treatment for American products
in all markets. Healthy commercial riv-
airy in international intercourse is best
assured by the possession of proper means
for protecting and promoting our foreign
trade. It is natural that competitive
countries should view with some concern
this steady expansion of our commerce,
II in some instance the measure taken
by them to meet 1t are not entirely equi-
table a remedy should be found. In for
mer messages I have described the nego-
tiations Of the department of state with
foreign governments for the adjustment
of the maximum and minimum tariff as
provided In section 2 Of the tariff law OF
1909 The advantages secured by the ad-
Justment of our trade relations under this
law have continued during the last year
and some additional cases Of discrimina-
tory treatment OF which we had reason
to complain have been removed. The de-
partment OF state has for the first time
In the history OF this country obtained
substantial most favored-nation treatment
from all the countries of the world There
are, however, ether instances which, while
apparently not constituting undue dis
elimination in the sense of section Q, are
nevertheless exceptions to the complete
equity of tariff treatment for American
products that the department Of state
consistently has sought to obtain fol
American commerce abroad.
These developments confirm the opin.
lon conveyed to you in my annual mes
sage Of 1911. that while the maximum
and minimum provision of the tarin
law of 1909 has been fully justified By
the success achieved in removing pre-
viously existing undue discrimination
against American products, yet expert
ence has shown that this feature OF thu
law should be amended in such way a.
to provide a fully effective means Of
meeting the varying degrees Of dis.
| criminatory treatment of American
| commerce in foreign countries still
encountered. as well as to protect
| against injurious treatment on the par
of foreign governments, through either
| legislative or administrative measures
| the financial interests abroad of Amer
| lean citizens whose enterprises enlarge
the market for American commodities
I cannot too strongly recommend Il
| congress the passage Of some suct
| enabling measure as the bill which wa,
| recommended by the secretary OF stat,
| In his letter OF December IS. 1911 TIL,
| object of the proposed legislation is. II
| brief, to enable the executive to apply
| as the case may require, to any or al
COMMODITIES. WnetneT OF not on tn(
| free list from cou.srry which dis
| eliminates against the United States, 4
| graduated scale OF duties up to tn,
maximum of rs per cent ad valoren
provided in the present law. Flat tar
| ifs are out of date
Congress should fully realize the condi
| lions which obtain in the world as W,
| find ourselves at the threshold Of oul
middle age as nation We hay,
| emerged full grown as peer in the grea
| concourse of nations. We have passed
| through various formative periods. w,
| have been self-centered in the struggle Il
| develop our domestic resources and dea
| with our domestic questions. The nation
Is now too mature to continue In its for
| eign relations those temporary expedient.
| natural to a people to whom domestic af
fairs are the sole concern. In the pas
| our diplomacy has often consisted II
normal times, in a mere assertion of tn,
| right to International existence. We ar,
now In larger relation with broader
| rights of our own and obligations to 9th
| ers than ourselves number OF grea
guiding principles were laid down early |,
| the history of this government The re
cent task Of our diplomacy has been t,
adjust those principles to the conditions
| OF today, to develop their corolaries, I,
| find practical applications of the old prn
| ciples expanded to meet new situations
] Thus are being evolved bases upon which
can rest the superstructure of policies
| which must grow witk the destined pro
| gress of this nation. The successful con
| duct OF our foreign relations demands
| broad and a modern view We can no
| meet new questions nor build for the fu
ture II We confine ourselves to outwori