The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1912-12-03
Changes Suggested In
Tariff Laws to Aid
Commerce.
FLAT RATES ARE FAILURES.

that sphere shall be removed from the
jeopardy involved by heavy foreign
debt and chaotic national finances and
from the ever present danger Of inter
national compiled tons due to disorder
at home.
Hence the United States has been
glad to encourage and support Ameri-
can bankers who were willing to lend
a helping hand to the financial re-
ha bilitatio of such countries because
this financial rehabilitation and the
protection Of their custom houses from
being the prey Of would be dictators
would remove at one stroke the men
ace of foreign creditors and the men
ace Of revolutionary disorder.
wish to call your especial attention
to the recent occurrences in Nicaragua.
for / believe the terrible events re-
corded there during the revolution Of
the past summer-the useless loss of
life. the devastation Of property, the
bombardment Of defenseless cities, the
killing and wounding of women and
children, the torturing of noncombat
ants to exact contributions and the
suffering Of thousands of human be-
ings-might have been averted had the
department of state, through approval
, Of the loan convention by the senate.
been permitted to carry out its now
we'll developed policy of encouraging
| the extending of financial aid to weak
Central American states with the pri
mary objects of avoiding just such
revolutions by assisting those repub-
| lies to reha bilitate their finances. to
establish their currency on a stable
basis, to remove the custom houses
from the danger of revolutions by ar
ranging for their secure administra-
| ton. and to establish reliable banks.
1 wish to congra tulate the officer
and men Of the United States navy and
marine corps who took part in re-estab
fishing order in Nicaragua upon their
splendid conduct and to record witt
sorrow the death Of seven American
marines and bluejackets. Since the re
establishment of peace and order cleo
| lions have been held amid conditions of
quiet and tranquility. Nearly all the
| American marines have now been
| withdrawn.
Our Mexican Policy.
For two years revolution and counter
| revolution have distraught the neigh
| boring republic Of Mexico. Brigandage
has involved a great deal of depreda-
ton upon foreign interests. There nave
constantly required questions of ex
IRENE delicacy. On several occasions
very dimcult situations have arisen on
our frontier. Throughout this trying
period the policy Of the United States
has been one Of patient noninterven-
ton. steadfast recognition Of constitut-
ed authority In the neighboring ma
ton and the exertion Of every effort
to care for American interests. l pro.
foundly hope that the Mexican nation
may soon resume the path of order.
prosperity and progress. To that ma
ton in its sore troubles the sympa-
thetic friendship Of the United States
has been demonstrated to a high de-
gree.
| There were in Mexico at the begin
ming of the revolution some 10000 or
! 10000 American citizens engaged in
enterprises contributing greatly to the
prosperity of that republic and also
| benefiting the important trade between
the two countries. The investments Of
| American capital in Mexico has been
estimated at 81 600. 900 900. The respon
sibility of endeavoring to safeguard
those interests and the dangers insep-
arabic from propinquity to so turbulent
situation have been great. but I am
happy to have been able to adhere to
, the policy above outlined-a policy
| which hope may soon be justified by
| the complete success of the Mexican
Deople in regaining the blessings OF
| peace and good order
Agricultural Credits.
A most important work accomplished
| lomatic officers in Europe Is the inves-
| tiga ton of the agricultural credit sys.
| tenn in the European countries. Both
as a means to afford relief to the con.
sumers Of this country through q more
thorough development of agricultural
| resources and as a means Of more sufi-
GENTLY maintaining the agricultural
population. the project to esta blish
credit facilities for the farmers is a
concern Of vital importance to this ma
| ton.
| No evidence Of prosperity among well
established farmers should blind US to
the fact that lack Of capital Is prevent.
ing q development OF the nations agri.
cultural resources and an adequate in
| crease Of the land under cultivation:
that Agricultural production is fast fail
ing behind 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 agricul-
ture.
| Advantage Of Maximum and Minimum
| Tariff Provision.
/ The importance which our manufac-
! lures have assumed in the commerce