unreasonable.
Besides this law to regulate interstate transportation, Congress passed
several acts to regulate the quality of goods entering into interstate
commerce. Efficient inspection of meat-packing establishments was
provided, at a cost of $3,000,000 a year. Adulteration or misbranding of
any foods, drugs, medicines, or liquors manufactured anywhere for sale
in another state, was forbidden under heavy penalties.
%585. Intervention in Cuba.%--One of the provisions added to the
Cuban constitution gave the United States the right to intervene "for
the maintenance of a government adequate for the protection of life,
property, and individual liberty." This right was first exercised in the
autumn of 1906, when the Cuban government failed to suppress an
insurrection in the island. Efforts were first made, in vain, to bring
about peace in Cuba without armed intervention; then the Cuban president
resigned, our envoy Secretary Taft proclaimed himself provisional
governor of Cuba, United States troops were stationed at various points,
and the insurgents peacefully disbanded. The work of completing the
restoration of order and confidence, preparatory to the holding of a new
election under the Cuban constitution, was intrusted by the President to
Charles E. Magoon, who became provisional governor in October.
%586. The Panic of 1907.%--For several years our country had enjoyed
unusual prosperity. Never had the business of the country been better. A
distrust of banks and banking institutions, however, was suddenly
developed. Belief that the money of depositors was being used in a
reckless way became widespread, and when a run on some banks in New York
city forced them to suspend, a panic swept over the country. People
everywhere made haste to withdraw their deposits, and the banks for a
time were forced to refuse to cash checks for large sums. Business
depression and hard times followed.
%587. The Currency Law.%--In the midst of the panic the Sixtieth
Congress met and in the course of its session enacted (for six years) a
currency law. This is an emergency measure by which the national banks,
when currency is scarce, may issue more under certain conditions. The
total amount put out by all the national banks must not be greater than
$500,000,000. Those using this currency must pay a heavy tax, which it
is believed will lead to its prompt recall as soon as the emergency
has passed.
%588. Election of Taft.%--For the thirt
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