By ite moderate snd conserv: tone the President's Message to Congrees ~a document of 35,000 words—foléis the expectations of the American basines commanity. A balt is to be called on anti-Trust legislation till the effect has been seen of the vigorous execution of the reforms already placed on the Statate Book, and amendments to the new Tariff Law are to be postponed. Mr. Taft recommends that the tariff be revised, but he is in favour of having it done schedule by schedule, and expresses the wish that the whole matter might be relegated to tne Tari Board. As to the law itself, the Message declares it has never been exceeded as an income producer in the history of the country. Other subjects dealt are a parcels post system, ships sabeidy Bill, railroad national incorporation he recommends for the consideration of Congress. He also recommends reform in judicial procedure. The following references are to subjects of special interest to the Far East Chinchou-Aigun Ruilway.—Regarding the proposed construction of the Chinchou-Aigua railway io Manchuria by means of an international loan, which was broached by the United States Secretary of State, although it was objected to by Rassia and.lapan, owing to practical difficulties in its exe-cantion, the message says that the question is till the subject of friendly diseossion between the interested parties, Loan to China.—The polio Government in these waters by the desire to make ase of American capital in the development of Chioa as trament for the promotion of rights as ao independent power. Taft mentions that the $50,000,000 loan advanced to Chiao by American bankers will be employed in the reform of the currency, in carrying out which China bae given the assurance that an American expert adviser will be engaged.
Text read from the printed page and cleaned; old type leaves the occasional error.