American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1912-12-05

national finances and from the ever
present danger Of international COM
plicaticns due to disorder at home.
Hence the United States has been
glad to encourage and support Amer
ican bankers who were willing to lend
a helping hand to the financial re-
Mobilization 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 h 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 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 to lead to a flourishing In
terchange of trade with this country.
l wish to call your especial attention
to the recent occurrences In Mica
ragua. for ! believe the terrible events
recorded there during the revolution
of the past SUMMERTIME useless loss
of life. the devastation of property,
the bombardment of d~efenseless cities,
the killing and wounding Of women
and children, the t~orturing 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-
ton by the senate, been permitted to
carry out it's now well-developed policy
of encouraging the extending Of fl
nancial aid to weak Central American
states with the primary objects of
avoiding just such revolutions by as
sisting those republics to rehabili-
currency on a stable basis, to remove
the custom houses from the danger
Of revolutions by arranging for their
secure administration, and to estab-
lish 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
credit system in the European coun-
tries. Both as a "a 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 maintain
ing the agricultural population, the
project to establish credit facilities for
the farmers is a concern of vital i'm
portance TO this nation. No evidence
of prosperity among well-established
farmers should blind us to the fact
tina. lack of capital is preventing a
development of the nations agricul-
tural and an adequate in
crease of the land under cultivation:
that agricultural production is fast
behind the increase in popula-
and that, in fact, although these
wellestablished farmers are main
tanned In increasing prosperity be-
Of the natural increase in popu-
we are not developing the in
dustry of agriculture.
The need of capital which American
feel today had been experi-
eHced by the farmers of Europe. with
ago. The problem had been success
-beir centuries-old farms, many years
billy solved in the old world and it
evident that the farmers of this
country might profit by a study of
heir systems. | therefore ordered
the department of state. an
Investigation to be made by the dbl
officers in Europe, and | haze
aid the results of this Investigation
the governors Of the various
states with the hope that they will
De used to advantage in their forth.
meeting.
Increase of Foreign Trade,
In my last annual message I said
hat the fiscal year ended June 40.
I'll, was noteworthy as marking the
record Of exports of American
PRODUCTS to foreign countries. The
year 1912 shows that this rate
II advance has been maintained. the
otal domestic exports having a yalu.
ton approximately of $4,000. 600 600
s compared with a fraction over
1000, 900, 900 the previous year. II
also Significant that manufactured
nd partly manufactured articles con
to be the chief commodities form.
ng the volume of our augmented ex-
orts. the demands of our own people
Or consumption requiring that an in.
reaslng proportion of our abundant
gricultural products be kept at home
the fiscal year 1911 the exports of
rticles in the various stages of man.
facture, not including foodstuffs mart.
or wholly manufactured. amounted
pproximately to S90T,500, 900. In the
year 1912 the total was nearly
,022 .O00, 600. a gain of s114.OOo O
dvantase Of Maximum and Minimum
Tariff Provision.
The Importance which our