The Owosso times. (Owosso, Mich.) 1897-1926, 1906-07-06
CANNON WELL PLEASED.
Speaker Calls Session Most Impror
tant In Thirty Years.

Washington, June 30.-During one of
the Iecesses while Congress was wait.
ing to-day for the enrolling of bills
Speaker Cannon was asked as to his
estimate of the session. He replied
In my Judgment, the work done and
the legislation enacted in the session
just closed exceed in Importance for the
best interests of all the people of the
Republic the work of any session dur.
ing my thirty years of public life.
have not time to make complete
review of all the legislation. Suffice il
to say that the legislation covering APP.
preparations and authorization of pub
expenditures has been most carefully
considered and wisely enacted.
The legislation commonly referred to
as the rate legislation, the Pure Food
bill, the inspection feature of the Agri.
cultural bill, are all measures that eff.
feet the interests Of all the people, and,
while nothing perfect can be enacted, ]
am satisfied that the operation of these
laws will demonstrate their wisdom.
And believe if nothing else had been
accomplished than the enactment of
these three measures they alone would
be sufficient to make the first session of
the 59th Congress memorable one in
the history of the Republic.
RESUME OF APPROPRIATIONS.
Chairman Tawney of the House APP
preparations Committee made the fol-
lowing statement as to the appropria-
tions for the fiscal year 1907:
The total appropriations made at this
session of Congress, including those
carried in the regular appropriation
acts, all DEFICIENCIES, miscellaneous mat
tiers and permanent annual appropria-
tions, aggregate $3.50, 1888, 3O1.
This is an apparent increase of $50,
900, 600 over the appropriations made at
the last session of Congress.
This apparent excess in appropria-
tions at this session over those made
last session is more than accounted for
in the three following items: For the
isthmian canal, $42, All, 900; under the
Statehood bin, $40, $780, 900; toward the
construction of new buildings, author
lied at this session, $40, 321, 900 making
total of $63, 01S, 900, to which might
properly be added $1,000, 900 for San
francisco.
Other notable increases are SO, 600, 600
on the Agricultural bill for inspection
of meat products and $10,6OO,000 on ac-
count of the postal service. The total
apparent appropriations made at this
session, $3.50, 1873, 3O1 do not constitute
in theiG entirety a charge against the
revenues of the government for the
next fiscal year, for the reason that
there must be deducted from this sum
deficiencies that are chargeable to the
service of the current year and to meet
expenditures already incurred on &C
count thereof, pproximating at least
$50, 000, 900. This sum includes $l6,-
900, 600 for the isthmiam canal
There should also be deducted S57,-
100000 for the sinking fund, which
may or may not be met in whole or in
part, as it is purely matter of discre-
ton with the Secretary of the Treasury
to utilize the surplus in the treasury
for that purpose.
There should also be deducted the
sum of 500, 000, 000,. which is estimated
and included in 'the whole sum of ap-
preparations to be paid out of deposits
of national banks in redemption of cir
culating notes of banks. The deposits
are not credited us part of the reve-
nues Of the government, and therefore
redemptions made from the fund thus
arising should not be charged to ex-
pendItures.
The amount of S25, 456, 4l5 appropriate
ed for work on the isthmian canal dur
ing the next fiscal year is payable from
or reimbursable to the treasury out of
proceeds of bonds that are authorized
to be sold for that purpose, and should
also be deducted from the sum of ap-
preparations for 1907.
The sums mentioned amount to more
than $3.50, 100000, and when deducted
leave apparent appropriations of only
Sal, 200, 900 to be met out of the reve-
mes of the next fiscal wear.
In my judgment the ordinary reve-
nues of the government next fiscal year
will amount to at least $500, 900, 900.
The postal revenues are estimated at
$lSi, 573, 900 for 1907, making the total
apparent resources of the government
next year not less than 1871, 573, 900, or
at least $4J, 600, 900 in excess of appro-
priations that may be charged against
them.