Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1906-03-14
The Morning Journal Bureau.
1929 PennsylVania Avenue, N, w
Washington. ID. c.. Mar. 3. J


As an index of the prosperity OF the
country, no more convincing argu-
ment could be presented than the
above comparative table of the month";
IN ledger balances OF the receipts and
expenditures of the national govern
ment When congress faced a deficit
of practically $4,000, 000 at the close
of the last congress, there was feel
ing of anxiety and unrest.
All legislation was framed with a
view To economy and the curtailing OF
lexpeRdituyes. Tariff revisionists wefe
! grooming themselves for an aggressive
campaign Legislative calamity
howlers were beginning to be heard
| from, although the general condition
of the business affairs of the country
foreshadowed the continuation of the
good times.
Not even the most optimistic proph-
cts of prosperity would venture TO
predict what the next twelve
months would show In the national
! treasury. There was talk of bond
issue at once to cover the extraordi-
nary expenditures incurred by the pur-
| chase of the Panama canal zone.
But in the face of an actual In
crease of expenditures by the various
departments of the government or
over $3,500. 900 so far this fiscal year,
there now is a surplus of receipts over
expenditures aggregating Sl,OOO,OOV.
This has nuctuated the past ten days
above and below the million mark, but
at the rate the revenues have been
coming in so far this fiscal year, this
surplus at conservative estimate
should aggregate Sl0000.O00 by June
80. when the year ends.
Secretary Shaw frankly admits thar
the present surplus is a surprise, and
entirely unexpected when taken into
consideration with the outlook OF
wear ago. To the tremendous In
crease in imports. ana especially OF
that class of articles known as uxur-
les. the secretary attributes the pres
ent increased revenue. lie naturally
, regards the situation with much salts
faction not only because he feels II
is a demonstration Of the truth OF the
! position he has all along taken as
/ radical stand-patter.
He believes that II illustrates In a
striking way the fact that, with hlgher
: protection and good times the Ameri-
! can people export more manufactur-
ed goods and are. therefore, In po-
| seition TO fmport more from other
\ countries than under low tariff In
{ other words. when we are forced TO
q get our necessities abroad we nave no
! money with which to buy luxuries.
u The production of a surplus of neees-
= stiles for shipment TO other countries
$ gives us the money with which TO buy
. things And as Secretary shaw puts
o IT, the American Is a good spender.
= when he has the money"
g This claim is fully borne out by the
revenues derived from customs duties
81 so far this year. which up to the END
n Of last week since June 80, the be-
II ginning of the fiscal year aggregate
q S2O3. .64S.551. This Is an increase OF
9 S34.629.121 during that period. The re-
n ceipts from internal revenue also show
y an Increase of over $40, 100000, and
,t the encouraging feature of the entire
J. showing Is that these increases have
,s been made under normal conditions IN
both the great sources OF federal In
,r come. with the possible exception per-
:. Inns Of our trnde with German.