Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1905-12-05

/ gether, equal the expenditures Or else
the revenues must be increased. M last
year there was a deficit. Unless our
expenditures can be kept within the.
revenues then our revenue laws must
be adjusted. It is as vet too early to
attempt to outline what shape such a
readjustment should take, for it Is as.
yet too early to say whether there will
be need for It. It should be considered
whether it Is not desirable that the
tariff laws should provide for applying
as against or In favor Of any other ma
ton maximum and minimum tariff
rates established by the congress, so as
to secure certain reciprocity Of treat
ment between other nations and our
selves. Having In view even larger
consid erations Of policy than those OF a
purely economic nature, 1t would, IN
my judgment, be well to endeavor to
bring about closer comm rcial connec-
lions with the other peoples Of this
continent. ! am happy to be. able to
announce to you that Russia now
treats us on the most favored nation
basis. & $S} II II ts III y 4. f3{t IA ~
Economy In Expenditures.
I earnestly recommend to the con-
gress the need Of economy and to this
end Of a rigid scrutiny Of appropria-
tions. As examples merely, call your
attention to one or two specific mat
tiers. All unnecessary offices should be
abolished. The commissioner OF the
general land Office recommends the
adjustment of the Office Of receiver OF
public moneys for United States land
Offices. This will effect saving Of
about a quarter of million dollars a
year. As the business Of the nation
grows It is inevitable that there should
be from time to time a legitimate In
crease In the number Of officials, and
this fact renders 1t all the more Inn
portant that when offices become I'M.
necessary they should be abolished. In
the public printing also a large saving
Of public money can be made. There
is constantly growing tendency to
publish masses of .unimportant infor-
nation. 1t is probably not unfair to
say that many tens Of thousands OF
volumes are published at which no hui
man being ever looks and for which
there is no real demand whatever.
Yet, in speaking Of economy, must
In nowise be understood as advocating
the false economy which Is In the end
the worst extravaganza. To cut down
on the navy, for instance, would be a
crime against the nation. To fail to
push forward all work on the Panama
canal would be as great folly.
, 8I Currency. g IL, iGa
In my message Of Dec. 2, 1902, to the
congress I said:
Interest rates are potent factor in
business activity, and In order that
these rates may be equalized to meet
the varying needs Of the seasons and
Of widely separated communities, and
to prevent the recurrence Of financial
stringencies which injuriously affect
legitimate business, 1t is necessary that
there should be an element of elasticity
In our monetary system. Banks are
the natural servants Of commerce, and
upon them should be placed, as far as
practicable, the burden of furnishing
and maintaining circulation adequate
to supply the needs Of our diversified
Industries and Of our domestic and for
eign commerce, and the issue Of this
should be SO regulated that sufi-
cient supply should be always avail
able for the business interests Of the
country" 4 Y. ..- NJ.
Every consideration of prudence de-
mands the addition of the element Of
elasticity to our currency system. The
evil does not consist In an inadequate
volume of money, but in the rigidity
Of this volume, which does not respond
as it should to the varying needs Of
communities and Of seasons. Imitation
must be avoided, but some provision
should be made that will insure q
larger volume Of money during the fall
and winter months than in the less ac-
tive seasons of the year, SO that the
currency will contract against specula-
ton and will expand for the needs OF
legitimate business. At present the
treasury department is at 1rregularly
recurring Intervals obliged in the inter-
est OF the business world that Is, In
the interests Of the American public
to try to avert financial crises by pro-
viding remedy which should be pro-
vtded by congressional action. s54,
Business Methods In Departments.
At various times have instituted In
vestigations into the organization and
conduct OF the business Of the execu-
tive departments. While none Of these
inquiries have yet progressed far
enough to warrant final conclusions,
they have already confirmed and en-
phasized the general impression that
the organization Of the departments is
often faulty In principle and wasteful
IN results, while many Of their business
methods are antiquated and inefficient.
There 10 every reason why our execu-
tive governmental machinery should be
at least as well planned, economical
and efficient as the best machinery Of
the great business organizations, which
at present IL not the case. To make 1t
20 iS q task Of complex detail and es-