East Oregonian : E.O. (Pendleton, OR) 1888-current, 1909-12-08


security would be attractive and thus
a market outside of the banks would
be created which would aid material
ly in introducing elasticity in the cur
rency.
Estimates Show Decrease.
In presenting his estimates for the
fiscal year Secretary Macveagh points
out the total sum of s6S4,132,19S.2l.
including estimates of the Panama ca
nal and naval building program
shows a decrease of s42.S16,e6s.19
under the appropriations for 1910
He declares the estimates for the
coming year are presented as a care
ful measure of actual irreducable
needs of government"
'The time is nearly ripe" he says.
for wise and judicious savings in
federal expenditure" and he points
out that there are two classes of re-
ductions in the present estimates. One
of these results from improved han
ding of government work and the
cutting off of avoidable expenditures
without injury to the service or the
people; and the other from postpone
ments of expenditures which can be
delayed and subjected to more thor
ough economic scrutiny.
Revise Appropriations.
In order to effect full permanent
reductions in appropriations he sug-
gests that there should be taken into
consideration: The heavy losses to
the government on second-class mail
matter which require a discrimination
to be made between mail matter de-
manded by the interests of the peo-
pie and that which merely promotes
private gain; the excessive eXpendi-
lures for public buildings which sug-
gest the simple arrangement by which
such buildings will be approved and
ordered for the needs of the public
service only; the expenditures for
public works; and the expenditures
for printing. In other words, in or
der to effect a real revision of the eX-
penditures of the government, it must
be a general revision, both of those
appropriations which have their ini-
tiative in the executive departments
ana pl AIlHSG Alicll nave N''~AA ''''N~
tive in the congress.
Deploring the lack of legislative
cooperation heretofore in making the
revenues and expenditures meet, the
secretary of the treasury expresses
pleasure at the new order of thing!
by which cabinet officers, and the
appropriation committees of congress
to consider these
fiscal matters Even if our countr!
is rich" ne says, "it can not AFFORD
to be wholly unscientific in its ap
preparations"
Other Questions,
Favoring a system for the retire
ment Of employees in the civil service
Secretary MacVeagh points out tina
the United states is the only natioi
that has no provision. but he express
es no preference for any parucula
plan.
\ brief reference to the corporatlo
( tax law says that the term net III
krome" has been construed TO niea
not only net earnings from the opera
! lions NJ the business but also net rev
/ cnues from investments and all othe
sources. He estimates the revenue
+ to be derived from this tax at $lo'
600 600 for the fiscal year l9lo an
I s25. .O0O. 900 for the next year.
For the tariff board the secretaf
claims ample authority to gather III
formation for the president as we
ss ia assist the treasury departrneH
-. admir-. .stration Of the custom!
/ tfa notes with sat sfaction an in
ur9ycment in the relations petWee
! fbe office Of the comptroller OF IN
currency with the national pahh
! ana the stimulation of bank director
IN livclier and more detailed sens
cf ther active responsibilities
Mr MacVeagh asks for chang
ir ths methods Of payment Of Gus
tl.,,. duties $50 that these transa'
4 lions may cease to be 50 very incoi
yenieut and may conform themseN'
o., the ordinary practices OF Duslhes
~, enectacIe should not be possiD
~ a detail from the navy carrylr
e9o Ooo In cash through the stree
of New york from the sub-treasui
to the custom house to pay uu''es
navy importations and Of a retui
trim from the custom house by u
renresentatives of the collector bac
20 the subtreasury with TINS san
money all because the collector
customs could not legally accept
check of the navy department upo
the sub treasury"