ITEMS OF INTEREST December 18, 1909 Issue

ITEMS OF INTEREST

The sixth annual convention of the national rivers and harbors congress, the largest assemblage of representative men interested in the development of waterways ever held in this country, took place in Washington last week. President Taft announced himself in favor of securing a declaration from Congress for improvements of the Mississippi, Missouri, and Ohio rivers as outlined by the army engineers, and the beginning of work on the projects with appropriations from the current national revenue, leaving the question of a bond issue for a later time. Among those who spoke were Secretary Nagel of the department of commerce and labor; Senator Burton, chairman of the national waterways commission; President Cameron of the farmers' national congress; Representative Rodenberg of Illinois; ex-Governor McMillan of Tennessee, Frank Gates Allen, and Count Von Bernstorff, German ambassador to the United States.

President Taft, in his address to Congress, favors a ship subsidy, a civil pension, postal savings banks, suppression of the "white slave" traffic, higher postage rate on magazines and periodicals, statehood for Arizona and New Mexico, commission to expedite legal procedure, civil control of the lighthouse board, celebration in 1913 of the semicentennial of negro emancipation, artificial island and fort at Chesapeake bay entrance. He opposes congressional action on the sugar import frauds in New York custom-houses on grounds that possible immunity would balk convictions; any further revision of the tariff bill at present, and the issuance of judicial injunctions without notice in labor controversies.

The national monetary commission has just made public the tabulated results of an investigation of the condition of all the various classes of incorporated banks throughout the country, as of the close of business on April 28, 1909. The institutions reporting to the commission include 6,893 national, 11,319 state, 1,703 mutual and stock savings, and 1,497 private banks, and 1,079 loan and trust companies. The total resources of all these establishments reach the stupendous total of $21,100,000,000.

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December 18, 1909
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