Morgan County republican., 1912-12-05

VINO Wsrs VfiiAAG 10. lend a helping
hso1 10 ths AnAnoeAl rehabilitation Of
o0oh countries O0oAn0O this financial
rehabilitation aad ths protection Of
thstr custom houses from being the
pesy Of vould-bs dlcAtors would re-
slSn crsditors and the menace OF revo-
lutionary disorder.
TAs second advantage to the United
OtAEas - one affecting chiefly all the
sossfhsru and guif posts and the business
asd industry Of the south. The republics
Of Central American and the Caribbean
poDe0 great natural wealth. They need
Of financial regeneration TO enter upon
an era Of peace and prosperity, bringing
pro0t and happiness TO themselves and at
the same time creating conditions sure 20
lead to Q hourishing interchange OF trade
With this country.
I wish to call your especial attention to
n recent occurrences In Nicaragua, for
{ believe the terrible events recorded there
during the revolution Of the past sum
mer-the uoeaess loss OF life, the deyasta-
ton Of property. the bomba rdment OF de-
fsneeloss cities. the killing and wound
Ing Of Vonen and children. the torturing
Of nom -combatants TO exact contributions.
nh1u NI9 D0Ho1lu8 VI tHOuSanO9 human
oeinoo-night have been averted had the
department. Of state, through approval OF
the toan convention by the senate, been
permitted to carry out It's now we'll l-deyel-
opsd policy OF encouraging the extending
Of financial aid TO weak Central American
states with tbs primary objects OF avoid
Ing jnst such revolutions by assisting
thooo Fopubscs to rehabilitate their
finances, to establish their currency on q
stahas basas, to remove the custom houses
ero0 the danger Of revolutions by arrang-
Ing for their secure administration and to
establish reliable banks.
Agricultural Credits.
a most important work. accomplished
In the past year by the American diplo-
matte officers in Europe, In the investiga-
ton of the agricultural credit system In
the European countries. Both Az "A means
to afford relief to the consumers OF this
country through q more thorough devei-
opment OF agricultural resources and as
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-est ablished farmers should blind US
to the fact that lack of capital is pre-
venting a development OF the nations az
rfcultural resources and an adequate IN
crease OF the land under cultivation: that
agricultural production is fast falling he
hind the Increase in population and that.
In fact. although these we'll 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 cen
turtes- farms. many years ago The
problem had been successfully solved In
the old world and II was evident that the
farmers Of this country might proht by
study Of their systenns. i therefore order
3D. through the department OF state. an
| investigation TO be made by the diplo-
matte officers In Europe and I have laid
the results Of this investigation before tbs
governors OF the various states with the
hope that thsy will he useSto advantage
! In their forthcoming meerAs.
| Increase Of Foreign Trade.
! In my last annual message aaid that
the fiscal year ended June o. 1911. wa
noteworthy an marking the highest record
Of exports OF American products to foreiGs
copntries The fiscal year 1912 shows that
this rate Of advance has been maintained
the total domestic exports having a vafu-
, alton approximately Of q, co, 0O,o ON. q
compared with fraction over n,ono nm, Oh
that manufactured and partly manufan,
tured articles continue to be the chief
commodities forming the volume of oui
augmented exports. the demands OF oui
own people for consumption requiring thai
an increasing proportion Of our abundant
agricultural products b. kept at homa
In the fiscal year Nil the exports OF arti
ciss IN the various stages OF manufao
tvre. not including foodstuhs partly o'
Wholly MANUFACTURED aasounted approx