New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-12-07


by telegraph were made at other points IN the de-
locality in which the funds were 10 be used Here
tofore the Treasury has been able 10 keep up ms ms
preparation Of currency for the anticipated needs
If these accommodations are to be continued some
action must soon be taken by Congress 10 enlarge
the volume of small notes
The moneys received in the redenpIdIon ana eA
change account during the fiscal year 100 anonnt S
money! ne vi in nc cirSaion at the close Of the year
The silver dollars in circulation on June 81, 1885
a. SOS 81 T,1 "a Ioo5 was s975 5gS Rio hut the
amount in circulation on the latter date was only
subsidiary silver coin 10 the amount Of S27e061S5
was distributed to depositors during the last fiscal
wear The averag rate for transportation on ship
s ns0}' OF S'''S' COZ" curing me year was " -
THE REVENUE LAWS.
Regarding the revenue laws. the Secretary says:
1t is impossible to adjust revenue laws with
mathematical accuracy. The amount that given
laws will yield is always uncertain. Conditions
which cannot be anticipated are always reflected
sky win cause a marked ductuatt9n m customs
CENTS from customs have been Il per cent higher
and internal revenue receipts . per cent hlgher
than during the same period of the preceding year
Should these percentages of increase continue
throughout the year. public revenues from these
sources will be increased $4800o.oO9. Because OF
these uncertainties Treasury estimates nave been
OF revenues of S2400N000 Should anything arise or
anything be done 10 disturb industrial conditions,
of a year ago as 10 continue at the present rate
EXpenditures also nuctuate Appropriations for
public buildings. river and haTbor improvements,
and for the construction OF naval vessels are avail
pate with what rapidity the authorized work Will
made a long time in advance while receipts are
current. II follows therefore, that revenues and
our history has shown either deficit or surplus,
and each has received equal criticism, and from
The differences between actual receipts and actual
expenditures during the last fiscal year was smaller
than in any year since 1897 and smaller than any
year save seven since 1850 On sixteen occasions
penditures exceeded 500 100000; on nine occasions
the difference, though less than Ooo0GOoo exceeded
$50 600 COO and on twelve occasions the difference,
though less than SJO,0OoG00, was greater than in
the last fiscal year In the entire forty-ve years.
on seven occasions only has the difference between
actual receipts and actual expenditures been less
therefore, 70 keep extraordinary appropriations
low as possible. or it may be found necessary TO
holds a surplus of 100000 above a reasonable
bnd i s9,ris q n nv 1TdeIoenf should
not be encrOached upon deliberately for II viii be
political or economic DISTURBANCES certain to arise
in the near or remote future.
NEEDS OF MERCHANT MARINE
Mr.. Shaw devotes considerable space to the needs
of the merchant marine. saying:
Not long ago, historically speaking, the nations
OF the world exhausted diplomacy and frequently
resorted 10 war for territorial expansion me con
test between commercial countries is no longer fof
Fortunately
though intense, is friendly and devoid or any aus
position TO injure one another. In the interest OF
portance of a merchant marine is likely to be over
estimated. That our transatlantic commerce Is be,
conn @ Pet%ee hue b opned hut this can
not be said of facilities reaching southwark;
We take a very large share of South American and
little. while we furnish a very small per cent of
the imports OF these countries, and our compeu-
tors very much. OF our gross exports 20 per cent
goes to continent and 80 per cent 10 single
customer for one-third of his sales ana upon d
single locality for two-thrds OF ms trade WISDOM
policy to Increase the scope of his operations Not
withstandng the fact that subsidized rapid sailing
- 5iH ne Ssoneress of one Of the principal
South American republics to substitute a line OF
rapid steamers to ply between that country ana te
principal ports of Europe American consuls scat
tered through these countries, and special agents
sent there for the purpose OF lavesugauonI an
ly known as commercial country south OF the
equator. Our flag is seldom seen there except on
naval vessels private yachts and our banks are
HY' am I1eI Well ware of the claim made by the
ers OF foreign eight and ten knot ships that now
make regular trips between the United states an1
these countries to the south, that the means OF
communication furnished by them are as good as
the eeo that the Of
communication shall be sufticlenty sooa not only
do not presume to recommend any particular art 1ap
by Which DC f9 fna f by the eonss but
do desire to recommend as strongly d as 20 ny tas
our export trade.
CUSTOMS ADMINISTRATION.
Secretary Shaw says that the customs admins
trative laws stand in great need Of revision, ana
makes the following recommendations;
F4rst-c,ustoms brokers and attorneys appeaapg
licensed by the Secretary Of the Treasury. and the
authority thus granted should be subject to reyo-
second-A nominal Ming fee should be charged
for entering protests and appeals, the to be
recovered should the case be successfully prose
bIrd-An fees and perquisites of collectors and
other customs officials should be abolished.
Fourth--The Treasury Department should be
al the port of New-York. whose sole duty should
be the management and trial Of customs cases and
ceptance Of the position by men Of professional
reputation. There should also be added to the Of
another assistant at sufficient salary whose duty
IL should be 70 look after and try customs cases
Of Re[ghs Si me country 0'heF than al Inc port
FifthIThe increase OF parcels post conventions
makes necessary the application of customs penal
Ties 10 the senders Of mail packages. The pro-
should be applied TO importatons by mail.
DRAWBACK
Under existing laws manufactured articles pro-
dueed IN whole o. in part from imported material
lions are allowed a drawback equal to 80 per cent
OF the duty paid upon the imported material thus
partnlent has endeavored to simplify the appIiSa Hon
of this principle and TO make fits operation prac-
vised and su4plifed. properly safeguarded sub
stitution, similar to that allowed in France.
the American producer within the American mar
keE having been adopted, and It's application 10
has arrived when the government should adopt a
policy Of lberaiity 10 the exporter. Manifestly the
II the foreign markst The best It can do is to