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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Dec 06, 1910
Page
2
President discusses using American capital to aid China's welfare and reforms. He cites U S support for negotiations on a 50 million dollar loan aimed at currency reform to remove long standing monetary obstacles and promote commercial exchange with China.
The government reported progress on a $50 million loan to China with an American adviser to be engaged. It noted China’s move toward representative government, with the provisional assemblies opening in 1909 and a consultative body meeting in Peking. It highlighted Russo Japanese and Korea annexation events, assurances for American citizens, and a flurry of high level visits strengthening ties.
President Taft referencing the Fourth Pan American Conference notes cordial ties with Mexico and other republics. He commends the International Bureau of American Republics and cites success in averting war between Peru and Ecuador through shared mediation with Brazil and Argentina. A protocol on the Chamizal boundary sovereignty is signed, aiming to ease El Paso tensions. Debts of Honduras are under renegotiation with a hoped rapid conclusion.
Advertiser extols Cottolene as a natural product made from cottonseed oil. It claims the oil is processed without human hands from seed juice and contrasts it with lard, described as impure and indigestible. The note emphasizes digestion and purity in a period tone.
The document outlines American foreign policy goals in Central America and Latin America, praising peaceful progress in Nicaragua while condemning Zelaya’s rule. It notes Argentina contracting U.S. battleg ship construction and railway equipment, discusses reciprocal trade talks with Canada, and urges Congress to boost American banks abroad and support a strong merchant marine and naval restoration. It highlights the need for legal relief to protect aliens and references consular service improvements and Panama Canal funding, with fiscal figures and projections.
The document outlines how the United States used proclamations to apply a universal minimum tariff, resolving discrimination through negotiation. It notes pre 1910 proclamations, the 90 day notice withdrawal mechanism, and ongoing efforts to expand trade with Canada through resumed negotiations to align commerce with regional growth.
The speaker stresses the need for rapid mail passenger and freight links between the United States and Latin America to strengthen the merchant marine and bolster international commerce. He warns that without action the Panama Canal will leave the U S unable to participate fully in world maritime trade and questions where a seafaring population would come from.
The president urges improvements in the foreign service through tenure and merit based promotions to attract capable entrants and motivate current staff. He also calls for gradual premises acquisition in Latin American capitals and Europe. Treasury notes show departments minimizing next year’s estimates, with caveats for river and harbor, public building, and navy programs.
A discussion of treasury estimates cites a possible seven million dollar deferral for next year, nineteen million for fortifications, and a potential surplus of about twelve and a half million if no appropriations are made this year. It notes reorganizing the treasury to end duplications and improve efficiency, including the abolition of four hundred civil service positions.
224 acres of good land eight miles from the railroad offering a good flowing well. Price listed at 22.50 per acre. Call or address for details.
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