Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-04-19

D
| stunned that the importation of 1897 IL
/ me proper basis Tor comparison we
/ should not lose sight of thc fact thas
| ihere VIII DE approximately 600 0Ol Of
I people moro ia the United states To- lie
/ provided FOR tn 1910 than On 1907. ana M
| otler conditions remain che same There
/ VIII he a natural incivase from this
! cause. The committee totevos th7t
the extent OF lmpmtatlons and
resulting revenue win be- rrelt.
or Ia 1910 than in 1907. because
OF improved business conditions.
INCREASED CUSTOMS REVENUE.
business activity and che move-
ment for increased importations has ale
ready commenced The customs re-
| ceipts FOR the 80 business days from
| March ] TO April %. inclusive. as COM
| pared with the CORES spending days i'm
| 1908, N20Si ,0s3.0S. or an average daily
| increase ~ &262. 545 90. This increase
| seems to be progressive. as the report
for the last day which i have. April
TO- shows receipts from an sources. So
tt2'Vl.6o, as compared with receipts Of
! NL2S3d2l.3o on tho corresponding day
| Of last year
There is no incentive for thes. en-
larged importations except improved
| conditions o. the country and reduced
stocks Of imported merchandise The
| character OF the legislation proposed
no reduction for accelerated imports.
/ as there are practically no rates above
| the rates imposed by the act OF 1897
IL must be conceded that the era Of
prosperity which commenced the first
! part ~ March U.s. likely TO continue UNI
Interrupt tedly with the enactment OF
wise tariff legislation
"The estimates ] have made of inc
creased revenues are most cUnserNa-
/ tive II the same rate OF increase
/ which has obtained since the first OF
March should be applied to the eighth
month Of the fiscal year, 1910. not cove
cred by the period OF Improvement in
this year we should then have an in-
crease over the receipts for tho pres
ent fiscal ycar-sgy S29j.O01 600 and S54.-
i0l365, making "a total OF &349. coo
without taking into account the addi-
tioual sources OF revenue provided for
For 1911 ] nave estimated an in
crease OF revenue Of Sl0Oo0000 and re-
ductiou Of expenditures of $50 90 COO, a
consequent surplus OF s3o0Ooo00.
TAXING CARE or DEFICITS.
m ;hc statements I have submitted
are approximately correct, the iude-
pendent question arises:
In what way is the treasury TO take
care OF the deficits indicated for tho
present and the following fscal2
The treasury has today, including
the s746Sl.275.S5 which it is entitled 10
receive for reimbursement of canal eX-
penditurcs, practically 2lOO0OO,O 900 Of
available surplus over a necessary
wording balance. This surplus Is like
~ to be reduced S.. 900 600 by June go by
additions to tho deficiency for the cur
rent fiscal year, leaving on that date
a. raHtf Ial !. a. 81 4tF
my estimates for 1910 are accurate, the
estimated deficiency Of Si5,O00.O00 in
that year would siill leave a surplus ~
5000 900. which would be increased In
the subsequent years
Il havb assumed that canal bonds
can be sold 10 an amount which will
reimburse the treasury for all pay
ments on account OF the canal. Further
legislation will. however, be necessary
If This bill is 10 secure that result
THE comptroller Of the treasury
has held that 500 O00,0 600 Of the amount
paid is not re-imbursable under the
provisions Of the existing law. EN-
listing legislation only authorizes the
issue OF two per cent bonds which must
be sold az not less than par. These
could only be- purchased by or for the
national banks II viii therefore be
necessary 60 authorize the secretary Of
the treasury to sell bonds Of different
class
T. Bonds redeemable at the pleas
ure Of tho government after few
years could undoubtedly be sold at
rate not exceeding three per cent
stating that he was aware that the
accomplishment Of the S35, 100000 re-
duction iu expenditures he had Eug-
gested for 1911 iu his estimates would
be surrounded with great difficulty Mr..
Aldrich said the rapidity with which
our national expenditures had increas-
ed within the past three years was
source OF anxiety il not alarming.
INCREASED EXPENDITURES.
simultaneously with the reduction
On receipts 81 $4,000 600 from 1907 to
1908. we have had an increase In eN-
panditurcs OF $4,000, 900" he said. 1t
is but fair TO say that when the APP
propriations FOR the year 1905. were
made the country had not been over
taken by the panic Of 1907
But a different condition existed
when the appropriations for the year
1910 were made The fact that the
approuiatOne were less than the es-
Inmates does not relieve Congress from
responsibility fOr their unprecedented
extravaganza. 40 excuse whatever
can be found for silimar legislation
Ia the future.
II Us important ll iIl' lHt1iNeho 't
the public service that radical
change in the procedure with refer
cnce 10 appropriations should be made
1T should be the function OF the
committee on public expenditures re-
Gently created 20 take into con-
sideration long before the APP
preparation bills ore received nom
tho house. the esumats and
needs Of the various DEPARTMENTS
and report their recommendation 20
tho senate, in order that responsibility
for future extravaganza may be clearly
fixed I am myself satisfied that last
years appropriations made last year
could have been reduced al leas, $50
900 without impairng the efficiency
OF the public service
REDUCING EXPENDITURES.
In the work of necessary reduction
lu expenditure and On reform in meth
eds ~ appropriation TO which tho san-
ate Is pledged. ] ann authorized 90 say
that we shall have the earnest support
and cooperation u the president ana
tho administration.
81 may be asked what would happen
II % should happen to De- found has
/ have been oYer- sauguiue or wholly
inaccurate 200 my statements OF prob
able conditions ANA ro-ulte. ] answer
with emphasis that N would tlrn br-
tho imperative duty uf Congress to re-
duco expenditure and make them cone
form % actual revenue conditions ana
not "a Impose new and enormous taxes.
'frhc impuatQn az other taxes under
49,. ....r. Hftffr.. trnffIH rrf only Ia Uua