New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-08

forfeitures 49,; sS,3o3 "a S14S54 SO SG5010S
AP 9Srough underSsias1
ton improper classi-
heatIon etc.. s6a4.O 40 $5o611i CO 'si27 esa So
.Decrease.
M1Gh of b the Setec 1 and of UNDER
! the special agents in foreign countries
THE LIFE SAVING SERVICE.
The following statement shows in brief the opera
tons of the service during the fiscal year:
within the scope OF the service numbered 500 There
were on board these vessels 2525 persons. of whom
vessels is estimated $,69S S55 and that of their
e29 m6 a mSg the b total value Of PgGR
was saved and $l966 $50 lost, while the number of
vessels which were total loss was nifty.
Among the smaller class Of vessels not docg7
row69afs stsmthere we're d f
thirteen were lost The value OF these smaller craft
and sso lost at S0 49, OF which SoO was saved
IN addition 10 the vessels mentioned above assist
ance OF more or less Importance was rendered 10
29l others making total of L061 vessels in all to
which aid was furnished.
The Increasing depletion In the ranks of the surf
men continues, and IS more marked than ever IhiS
among the younger ones to the lack of adequate
provision in of disability death. The neces
sty and the justice of making some provision in the
nature OF retirement for surfmen and keepers and
for the assistance of the widows and children of
such as perish strongly emphasized every
year. The department therefore renews its recon-
mendation of last year that suitable provision be
Preparations are being made through another
/ branch Of the public service for the erection OF
wireless telegraph towers at convenient Intervals
those maintained by private corporations, Will
afford opportunity for the advantageous use OF Wire
this department This service now has a coast
guard Of modern vessels, aud l recommend that at
least ten of these be provided with approved wire
less equipment for communication with the coast
The probable cost Of Quitting this number of
vessels will be $1,000 and recommend that S thls
should also be made for operator on each vessel
The efficiency of the Revenue Cutter Service in
the removal OF derelicts from me pam 0i oGfi
cooperation with the life saving corps, VIII De Ll t
oy ne m sn Stations Viii be In direct
communication by telephone with the government
wireless stations on the coast, .
The construction Of 4 twin screw oil burning
turbine cutter, to be stationed At the port
OF New York equipped with all devices for the de-
strllction OF dereiicts at sea, is recommended.
M se w h Found proyded
they cannot be safely toWed TO port Is recon-
BY act of Congress. approved February 49, 1894
there loaned TO the Louisiana Pnrf9aSe ESpG-
monthly instruments. beginning with June 10, lSJ4
nGn ntI mel and the full amount Of this has
been covered into the Treasury
REVENUES FROM CUSTOMS RECEIPTS.
Customs receipts for the fiscal year 1904 were
800 900 less than in the previous wear, Whle
there was a further reduction during the early
of the present fiscal year these reeelptS are
increasing. and there IS no reason 10 iii ho
the revenues for the year from this source WI! pc
fs p I Yea year was due more largely abnormal
conditions in 1903 than to depression in ls4 Ihet9
Ms ia ,Fartures thereof $l7050tN0 during
So5 "a I,5 SO 600 600 during the last fiscal year
This difference is accounted for by a demand Tor
iron steel products in excess OF me ctpaCty 81
American factories during the former eur winch
of customs revenues in 1904 First, the aOolt!on oil
the war tax tea, which caused loss OF t 0HeL
$50 o s1E8r which resulted in estimated re
auction OF over 100000; third the reciprocity treaty
revenHes OF the tinted states estimated at $35o
on sugar and $22l5,OOy on tobacco. 80 49,, 80, -
q, ole U0V
constant increase in the relative proportion OF
free over dutiabe goods. The total imports OF
S92 100000. as against Il nut l?S 'i I ya-
tiraIlv this entire increase was in free imports.
During tme Tp1 or T! increased in round numbers
$2OO00001. while dutiable imports uec'e19eu F-O'
Internal revenue receipts show goos slight though
nmaterial increase in 1894 Oyer ~ ire, the cur
! rent fiscal year show increase TO date OF oETr
! ever by the payments made by the Louisiana
! Purchase Exposition Company. g.. u,,,.o, oof,oee
The profit heretofore dellTed from slraeT Ciai5d
has bse0me e5 in a5 4 900 @s n 1885, less than
100000 in 1904 and during the current year II -
! not likely to exceed $2,00000e. ,,. 49, Tho
| policy Of public improvements cannot be ehlaIseH
upon without providing some meaTS 5eTa lI no OBJ
| portunity apparent to this department Nhe.e
ea9 bee practised without injury 10 the public ser
and economy which INJURIES {ne PupttG the
goTernment annually Pays over b Sy is es "a
TO yield fully per cent gross ON t!e Edue 81 ~
leased buildings and rooms No Weaidhy p inEacdT
and nconvenent quarters 1t is the opinion o. thls
depaTt9e9I t 5nb,,o bYdines within the District
When It is borne in MIND dhat pun e
tirely upon luxurles and articles Of voluntary use
and expended in labor the wisdom OF er9GoIIiig
needed by the administrative departments Is ap-
| our currency system. though somewhat compl-
| Gated, has been proved safe and rehable uIlde
sveIy pSCIcat fs,ed or coined nv he govern
ment. on demand. authorized by act OF ConSftes>
| of public distIust or doubt. The system has one
recognized weakness, however; 1t Is non-elastlc
ment that national banks possess the power e
taCleasq tIe ciency, Of this prerogatvt
to correct the recognized evil Banks are NOT IKE
! Of government bonds as a basis for an equa
! amount Of currency not available for reserve, ~
which Increases to that extent their Liabilities OI
the contrary, banks sometimes retire their clreuIa
Ton and sell their bonds for the purpose r 2t re
the summer months of the current year bank re
spondingIy low. but this very plethora of money
resulted in an increase OF national bank circula
low and the price OF bonds normal. it IS profitable
for national banks TO maintain circulation. w
Speaking of this non-elastiC feature of our cur
rency in my last annual report l employed Thu
1T does not respond to the varying needs o
seasons or OF localities, or OF changing conditions
Of business. This admitted defect should be rem
edied. But in remedying It measure should b
considered that viii in any wise weaken that which
that will cause distrust or doubt. Fortunately
at the present time recipient Of any Of our sew
II is all known be good gold. for the Credi
| with gold No act should be passed authorizing tn
issuance of an, asnythine less safe and secure Sc,
cities. helpful as they have been to American de
managed may become an element OF danger 10 on
hpaneia! system. They, are already national II
influence suggest the propriety, therefore, of