Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1903-12-11

for the fiscal year being ss4.2s7.es7. The
indications are that the surplus for the
present fiscal year viii be very small, ~
indeed there be any surplus. From july
4 10 November the receipts from customs
we're. approximately, nine million doliRrs
less than the receipts frfR the satne
source for correspo5ldng b1Ttion OF last
year Should this decrease continue 3at
the same ratio throughout the fiscal
year. the surplus would be reduced by
approximately. thirty million dollars
| Should the revenue from customs snffer
much further decfcdAe- durfny~tte <scal
year, the surplus would vanish. A large
I surplus Is certainly updesIfahles Two
yevrssago the war taxes were taken on
with tho express Intention OF 'equaiIzing
the government rsc<ipfs and expenditures.
and though the first year thereafter stilI
showed surplus, II now seems likely
that substantial equality OF revenue
| and expenditure viii be attained Such
being the case " IL OF great moment both
10 exercise. care and economy in appro-.
| pfiatlons. ana 70 scan sharply any change
| In our fiscal revenue system which may
| reduce our income The need OF strict
l economy In 0ui expenditures N empha-
| sized by The fact that We can not afford
| % be- parslmonious In providing for what
IL essential 70 our national weH-being.
| Careful economy wherever possible will
alone prevent our income from falling
below the point required in order to meet
| our genuine needs
Needs Of Financial Situation.
| The.integrity Of our currency Is beyond
question: and under present conditions II
would be unwise and unnecessary 20 at
tempt a reconstruction OF our entire mon
ctary system The same liberty should
be granted the Secretary Of the Treasury
10 deposit customs receipts as Is granted
him In the deposit Of receipts from other
sources In my message Of Dec 2. 1902.
| called attention 10 certain needs Of the
financial situation and ] again ask the
consideration Of the Congress for these
questions.
Gold and silver Standard.
During the last session Of the Congress.
at the suggestion OF joint note from
the Republic Of Mexico and the Imperial
Government OF China. and In harmony
with an act % the Congress apVroprat-
ing $4,000 20 pay the expenses thereof.
a commission was appointed 10 confer
with the principal European countries In
the hope thet some plan might be devised
whereby fixed rate OF exchange could
be insured bctwsene the Rold-standaid
countries and the silver standard ccun-
tries. This commission has fled its pre-
llminary report. which has been made
public deem Il important that the
commission be continued. and that a sum
pay the expenses o. rs further labnrs.
With regards to the Improvement of
the American merchant marine the
President recommends that the Con-
gress direct the Secretary Of the
Navy. the Postmaster-General, and the
Secretary OF Commerce and Labor. as
ISOLATED with such representation
from the Senate and House OF Repre-
sentatives MS the Congress in its wis
dom may designate. TO serve as COM
mission for the purpose of inyestigat
ing and reporting to the Congress at
It's next session what legislation Is de-
sirable or necessary for the develop
ment OF the American merchant ma
rne and American commerce. and in
cldentally of national ocean mail
service of adequate auxiliary naval |
cruisers and navel reserves.
On the subject OF immigration the
message calls attention to the report |
OF committee OF New York citizens |
OF high standing. Messrs. Arthur v.
Vriesen, Lee X. Frankel. Eugene A. |
Philbin, Thomas w. Hynes, and Ralph |
Trautman, which deals with the whole
situation at length. and concludes with
certain recommendation for admins
tratiye and legislative action. II is
now receiving the attention of the
Secretary OF Commerce and Labor.
The message continues:
Antitrust Laws.
on the subject of the antitrust
measures which have been dealt with
by the Congress the President says:
In my last annual message. In connec-
tion with thr subject Of the due regula-
ton Of combinations of capital which
are or may become injurious to the pub
lie. recommended special appropria-
ton for the better enforcement of the
antitrust law AZ II now stands. 10 be
expended under the direction OF the At
torneY General Accordingly Thy the leg
islative. executive. and judicial appro-
prlatlen oct OF February 70. 1905 81
stat s5i gcD. the Congress appropriated.
for the purpose or enforcing the various
Federal trust and ntcrstate-eommerce
laws. the sum ~ i've hundred thousand
dollars. 10 be expended under the direc-
ton OF the Attorney General In the en-
ployfnent OF special counsel and agents
In the Department OF Justice TO conduct
and prosecutions under said
laws In the courts Of the United States.
1 now recommend. as matter OF the ut
most Importance and urgency. the extern
sion Of the purposes OF this appropria-
tion so that Il may be available. under
the direction OF the Attorney General. and
until used for the due enforcement OF
the laws OF the United states In general
and especially OF the civil and criminal
laws relating TO public lands and the laws
relating 10 postal crimes and offenses and
the subject OF naturalization. Recent In
have shown a deplorabie
state OF affairs In these three matters OF
A-.Ir linus