Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1906-12-15
An Absolutely Reliable Re-
view of the Leading News
of the Week i'm Politics,
Government, Education, La
Dor, Commerce, Religion,
Science and Sports.

So
order If 1t hopes to maintain It's indie
pendence.
Some plan to favor more elastic
currency is deemed wise.
There Is no recommendation for radi-
cal revision of the tariff.
To maintain the navy at It's present
strength one new battleship should be
authorized every year.
Asks Arbitrary Power.
In special message to congress
President Roosevelt called attention to
the fact that under existing articles
for the government of the navy he
had no longer authority to dismiss an
officer in time of peace except through
a court martial sentence and that even
In war his right is subject to re-
view ON appeal, referring to recent
case where an officer who was known
to have behaved indecently was not
dismissed by the court martial. The
president thinks he should have the
authority to dismiss any officer whom
he thinks unworthy to remain in the
being abused is outweighed by other
considerations.
The Governments Finances.
The report of Secretary Of the Treas
nry Shaw discloses a large increase in
the national revenue. the total receipts
having been $762, 3s6,9O4, while the to-
tai expenditure amounted to $736.717.
582, leaving a surplus for the fiscal
year of $25,669,322. Notwithstanding
the issue of Panama bonds, the public
debt on Nov l was 1925, 159. $50, about
two-thirds of which was held in trust
as security for circulating bank notes.
AS compared with the preceding year
the receipts increased $50, 2S5, 1874, while
the expenditure increased only $1G.-
6120S3. By Oct. Is the gold in the
treasury had increased to 1871, 1893, 800.
the largest amount ever held. The vol
ume of national bank notes increased
$65, 392. 554. During the year ending
Sept. 30 $50 national banks were char
tered, of which 300 started with $25,-
600 capital and 141 with $4,000 or
over
Many of these were made over from
state or private banks. There We're
4SS national bank failures, and 1743
were placed in voluntary liquidation.
Total number of banks now chartered
is 6,1S7. The year shows the largest
custom receipts in the history of the
country, over S30O,O0O.OOO having been
collected at the various duty ports
The secretary tells how, encouraged by
his offer Of deposits equal to the
amount of gold engaged abroad, about
$5OO0O,000 in gold bullion had been
brought from Europe. Australia and
South Africa without expense to the
government and without profit to the
banks, but with benefit to the business
interests which were in need of money.
The report again advocates the issu-
ance of credit currency and opposes
the central bank plan for returning
money into circulation.
Ambassador Mccormick Quits.
1t was announced at Washington
that Robert S. Mccormick, ambassa-
dor to France, would retire from the
diplomatic service in a few weeks and
that Henry White, ambassador to It
ally, would be transferred to Paris. It
is understood that McCormick's retire
ment is due to his outspoken sympathy
for the Russians during the war with
Japan, when he was ambassador at
st. Petersburg Lloyd G. Griscom, am
bassador to Brazil, will be sent to
Rome, and Charles P Bryan, minister
to Portugal, will be promoted as am
bassador to Brazil
More incubation Deaths.
Two more of the twenty-four prison
ers at Bilibid, Philippines, who were
inoculated with plague germs in the
course of experiments with antichol-
era serum have died, making the num-
Der twelve The matter has caused
great bitterness among the Philippine
population. 1t is supposed that tubes
containing plague germs and others
filed with serum had become mixed.
Navy Costs $1.33 Per Capita.
Secretary of the Navy Bonaparte in
his annual report pleads for a greater
naval power and takes pains to figure
out the pecuniary burden which the
maintenance of our present navy i'm
poses on each inhabitant of the United
States. Basing his estimate at one
third the amount borne by each Brit
ish subject, he figures that the cost of
our navy amounts to $1.33 year for
each inhabitant and that about six
men out of every 10000 are bound to
do naval service. This year he asks
for two 10000 ton battleships. two
scout cruisers and four destroyers.
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