Carroll County democrat. (Huntingdon, Tenn.) 188?-1971, 1912-12-06
ing for their secure administration and q
establish reliable banks.
Agricultural Credlta.

I
country through more thorough devel
opment OF agricultural resources and a
a means Of more sufficiently maintaining
the agricultural population. the projec
to establish credit facilities for the farm
ers h a concern Of vital importance to THU
nation. No evidence OF prosperity among
well-established farmers should blind ui
to the fact that lack Of capital Is pre-.
! venting a development Of the nations ag-
ricultural resources and an adequate In
crease Of the land under cultivation; thai
agricultural production Is fast falling be.
hind the increase in population; and that
| IN fact, although these well-estahlished
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
BIZ the farmers OF Europe, with their CEN
| turies-old farms. many years ago. The
| problem had been successfully solved in
| the old world and It was evident that the
| farmers OF this country might profit by a
! study of their systems. / therefore order
| ed, through the department Of state, an
| investigation TO be made by the dipio-
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.
Izereaee of Foreign Trade.
In my last annual message / said that
the fiscal year ended June 30, 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 $500. 100000, as
compared with fraction over $1,000 900, 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-
Giles in the various stages Of manufac-
ture, not including foodstufls partly or
wholly manufactured amounted approxt-
mately to ss07, 10000 In the fiscal year
1912 the total was nearly $,02,O0o,OoO
gain Of $1140OoooO
Advantage Of Maximum and Minimum
TARIFF Provision.
The Importance which our manufacture;
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 Inn
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.
If in some instance the measure taken
by them to meet it are not entirely equi-
table, a remedy should be found. In for
nner 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 OF the tariff law OF
1909 The advantages secured by the adj
iustment 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 NEUTRALITY-SUSPICIOUS. treatment
from all the countries Of the world, There
are, however, other 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 for
American commerce abroad.
These developments confirm the opin-
A
sage Of 1911, that while the maximum
and minimum provision of the tariff
law of 1909 has been fully justified by
the success achieved in removing pre-
existing undue determinations
against American products, yet expert
ence has shown that this feature Of the
law should be amended in such way as
to provide a fully effective means OF
meeting the varying degrees OF dis
treatment Of American
commerce in foreign countries still |
as well as to protect |
against injurious treatment on the part I
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. |
cannot too strongly recommend to |
congress the passage of some such /
enabling measure as the bill which was I
recommended by the secretary Of state
in his letter Of December 49, 1911 The I
object of the proposed legislation is, in |
brief, to enable the executive to apply, |
as the case may require, to any or all I
whether or not on the
free list from q country which dis /
eliminates against the United States,
scale of duties up to the |
maximum of 20 per cent. ad valorem /
provided in the present law Flat tar
ifs are out of date.
Congress should fully realize the condi- I
tons which obtain In the world as we
find ourselves at the threshold Of our
middle age as a nation. We have
emerged full grown as q peer In the great
concourse of nations. We have passed
through various formative periods. We
have been self-centered in the struggle TO
develop our domestic resources and deal
with our domestic questions. The nation
IS now too mature to continue in Its for
sign relations those temporary expedients
natural to a people to whom domestic az
our diplomacy has often consisted in
normal times, in a mere assertion Of the
tight to international existence. We are
now In a larger relation with broader
rights Of our own and obligations to 9TH
srs than ourselves. A number Of great
guiding principles were laid down early in
the history of this government. The re-
cent task Of our diplomacy has been to
adjust those principles to the conditions
of today, to develop their corollarles, to
ind practical applications OF the old prin-
,iples expanded to meet new situations.
Thus are being evolved bases upon which
,an rest the superstructure Of policies
which must grow with the destined pro-
yress OF this nation. The successful con-
iuct Of our foreign relations demands q
broad and q modern view. We can not