The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-12-08

=
last fiscal year aggregated s5s9.sss.sa The ex-
v,,r,Sv. the surplus for the ~ as-
= RECEIPTS AND 6sl The indicat9ns
year will be very small. 4 indeed there be any
2 from customs weIe.f approximately. s.. oo'go9
less than the receipts from the same source for
/, shi. decrease Continue ' st the same ratio
throughout the fiscal wear the so surplus s Mou
the revenue from customs suffer much further
during the hssal as
desirable Two years ago The war taxes were
taken on with the express intention Of e9uaiz-
ing the governmental receipts and expenditures.
ard though the first year thereafter still showed
a surplus, 1T now seems likely that suo s1 n
attained. Such being the case 1t is of great
both to exercise care and economy amy
change In our fiscal revenue system which may
reduce our income The need Sf strict Let economy ssc
that we cannot AFFORD to be parsimonious In
Sydns for what Is to Sas oss.
will alone prevent our income from falling be
:, The integrity of our currency Is beyond oues-
fn and under on ats1sn soqa %
: struction Of our entire monetary system The
NEEDS OF Sc Sem slan ltssF, *. s sseqe
a
him in the deposit Of receipts from other
s..en IN to certain on needs n he
situation. and I again ask the confederation OF
During ss IG las. session. 81 th Congress- a.
the suggestion OF Joint note from the Repub.
cS,ns Wt an act q the coS
4 Eress aprroprsatins 5000 to pay the expensos
with the principal European countries in The
hope that some plan might be devised whereby
tween the soid-s1anIard ce,rtries rnd tic ST.
yer standard countries. This corn:niss'rn las
made public. deem /, Important that lie com. rom.
mission be continued ,,a and tina, sum q noiey
OF its further labors.
a majority OF our people desire that steps DO
that We may once more resume our former po-
siton In the ocean carrying trade, Bu: hither.
MERCHANT opinion as 10 the
MARINE. proper method Of
have been 20 wide that It has proved Impossible
e secure the adoption Ct any particular scheme.
the Congress direct the Secretary OF the Navy.
the Postmaster General and the Secretary Of
Espresentation from the Senate and House OF
Representatives as the Congress IN its wisdom
no and TOO
The Congress at Its next session what legislation
tie 'Gr as. snd ame1
ican commerce. and incidentally OF q national
AND While
Hrc 10 desirable In any event. It is especially
desirable At this time. in view Of the fact that
mail with the American Limo Will expire IN
q Our ocean mail act was passed In 1881 In
1855 our twenty-knot transatlantic mali line
was equal 20 any foreign ,tne; Since then the
srs and the British have contracted for TWEEN.
eouai the he's, h doe. not the snoI.d
public win abandon Il; Il we are . stay. IN
.standing. Of the ADVANTAGE 10 the country on
one hand and on the other with exact knowI-
edge Of the cost and proper methods Of carry
ing It on. Moreover lines Of cargo ships are
of even more Importance than fast mall lines:
ietlve so far as the latter can be depended upon
TO furnish swift auxiliary cruisers In time Of
var. The establishment Of new ines Of cargo
4lins TO South America, to Asia and else
Nhere would be much in the interest OF our
commercial expansion.