The Crittenden record. [volume] (Marion, Ky.) 1904-1907, 1905-12-01
WASHINGTON LETTER
From Our Regular Correspondent

Washington, d. c. Secretary Shaw
has given it out to some personal
| friends that there will be no call in the
coming Presidential message for fresh
financial Legislation so far as he is con-
cerned. He has not given any figures,
but states that the condition of the
country is much better than during the
last fiscal year and the deficit which
was then something, like.$24, 900, 600. 90
will be considerably rednced Sec'y
Shaw has been called upon by a number
of business delegations that feared
imposition of fresh taxes and he assur-
ed them all that he was not in favor Of
upsetting the business conditions
by any fresh financial legislation
at this time. This assurance has been
very grateful to the industries that
they were threatened and is in line
with the stand that has been taken by
Speaker Cannon and the leaders in the
Senate against any attempt at fnanci-
al legislation just now. Whether the
message will contain any recomendat-
ions for tariff revision, it is of course
impossible TO say. 1t is known that
next to railway rate legislation, the
President is most anxious for tariff
legislation, but in view Of the bad pros
pect for legislation except Of the most
necessary sort and the many other
matters clamoring for attention, it Is
possible that the matter will be allowed
to go for the time being and will be
dealt with in special message later
on.
90
There is fear expressed in some
quarters the canal situation will have
unfayorable effect on the financial
Of the country. 1t is stated
that before Congress passed the canal
bond bill, the canal commission will
have contracted liabilities amounting
fully to $4,000, 900 that will have to
be met by the close Of the coming
fiscal year. 1t is the intention Of the
commission 70 pay back this money in.
to the Treasury out Of the proceeds Of
the bond sale, but there will be some
delay in the issuing the bonds as ad-
legislation will be needed be-
fore they are available as the basis Of
bank circulation. They were
not so made by the SpoOner Act and it
is recognized that they are TO bring
much above par or even that.
~
There has been some discussion as 10
the Panama Canal Commission
was authorized 20 go on with the work
and contract bills in excess Of $1,000
Doc. already appropriated. But the
matter was laid before both Secretary
Taft and Chairman Shonts and they
both agreed that under the Spooner
Act the President was empowered 10
go ahead with the construction Of the
canal certainly up 10 the limit Of the
authorized in the bond
issue In addition 20 the $1,000. UDO nj.
ready granted. The board Of the Con.
sulting Engineers OF the canal have
already held their last meeting before
rcaVomblng in Brussels where the 70.
port viii be- finally signed. They will
sail before the end Of this month
%
A telegram was received by the Sec.
rotary Of the navy. from Anapolis.
this afterno n requesting that he order
an autopsy upon the body Of the ht,
midshipman, j. r. Branch. who was
killed iu o. glove fight In the Mayn
Academy. The decision To hold
The autopsy was sudden and
'nc Of the sensational features Of the
trial which IS regarded as very i'm.
'orlant one. The Secretary bs.
not yet announced his decision but
here Is no doubt that the request Of
The c lurt m 1rtial tual beard will he
complied with.