PRESIDENT ROOSEVELT.

Rangitikei Advocate and Manawatu Argus, Volume XXII, Issue 9019, 5 December 1907, Page 2

PRESIDENT ROOSEVELT.

Per Press Association—Copyright. Received Dee. 4, 9.57 p.m. Washington, Dec. 4. President- Roosevelt's message to Congress occupied throe hours' read- < iug, and contained 03 pages,, the km- ; gest'ou record. It dealt with fifty . subjects and contained a few snr- . pl The' President is not opposed to , railway pOdling, but recommends a : suspension of trust companies the : same as the banks, and tho forbidding of monopolies and trading at a loss in order to crush competition. He urges the federal control of interstate business, the establishment ol an emergency currency to be issued under a heavy tax; the establishment of Post Office Savings Banks; graduated income and inheritance taxes; the extension of tho Ocean Mail Act of 1891 to enable the Postmaster to devote the present profit of mil* Uon dollars on the mail service abroad to tho mail service in South America, Asia, Philippines and Australia, at a rate ot. foop dollars a mile in JG-knot steamships. The President recommends that workmen's compensation law should be brought up to the standard of European countries. President Roosevelt affirms that the United States is definitely committed to Protection, but the tariff ought to be revised periodically to prevent excessive or improper benefits being conferred, adding: the bei?t time for revision is alter the Presidential election. He recommends tho'creatipn of 3 larger army, and four of the largest fcypo_ of ojtftle shins this year, also defensive WOTfs and coaling stations in the Pacific, which is America's coastline equally with the Atlantic. The President hopes that until the Panama Canal is opened the battle fleet will shift from one ocean to the other every year or two. He dwells on the educational value of Admiral Evans s • sruisp, and anticipates in terms ot warm' friendliness Americans parti-, cipation in the ;Tokio '"Exhibition.; The message does not pieiifion im-; migration, ■: b Loudon, Dee. 4. The Times says President Roose- , velt's message contains nothing sug- : gesting a way to real banking re- ■ form. , , ~ Tho New York correspondent ot ' the Times describes the disappointment C 5 tue J° adiu §' billlkol ' s and • financiers. • ■«• The Financial News says thau President iiooaey.olt.'s message is valueless, i " The Financial Times declares thai' in a time of crisis it was like a i man asking for bread being given a tract. ■- - - WOOD PULP. Received. Dec. 6 8.58 a.m. Washington, December -1. President Roosevelt proposes to repeal the duty on wood pulp. Many halfpenny newspapers are in- ', creasing their prico owing to shortage of pulp.