The Ogden standard. [volume] (Ogden City, Utah) 1902-1910, 1909-04-19

! legislation Will, however. be necessarv
II this bin is to secure that resuli
"The comptroller of the treasury baq
| held that $60.0000O0 of The anm,n;
| paid is not re-reimbursenble under The
! provisions OF the existing law. Exist.
ing legislation only authorizes the Is-
sue of two per cent bonds which must
| be sold at not less than par. These
/ could only be purchased by or for the
I national banks. 1t will therefore he
necessary to authorize the secretary
of the treasury to sell bonds of a lIf-
ferent class.
Bonds redeemable at the pleasure
OF the government after a few years
could undoubtedly be sold at a rate not
, exceeding three per cent"
I Stating that he was aware that the
accomplishment OF the S35,000,O00 re-
ductIon in expenditures he had sug-
gested for 1911 in his estimates would
| be surrounded with great difficulty.
Mr.. Aldrich said the rapidity with
which our national expenditures had
increased within the past three years
was source of anxiety, If not alarm
! ing,
simultaneously with the reduction
! in receipts of s60,000,000 from 1907 to
+ 1909, we have had an increase In ex-
penditures of $120,000,0 900, he said. TT
/ is but fair to say that when the ap-
/ preparations for the year were made,
! the country had not been overtaken
Thy the panic OF 1907
\ But n different condition existed
when the appropriations for the year
+ 1910 were made. The fact that the
appropriations were less than the es-
/ timates does not relieve congress from
( responsibility for their unprecedented
/ extravaganza. No excuse whatever
can be found for similar legislation in
the future. l. ,s,-
"It is important, in the Interests of
I the public service, that radical
7 change in the procedure with reference
! TO appropriations should 7be made.
/ ut shonld be the function of the
| committee on public expenditures. re-
Gently created. to take into considera-
/ tlon, long before the appropriation bills
I are received from the house, the es-
/ Inmates and needs Of the various de-
partments. and report their recommen-
dations 10 the senate, in order that re-
( sponsibility for future extravaganza
may be clearly fixed. am myself
( tions made last gear could have been
/ reduced at least S50,0O0000 without
impairing the efficiency OF the public
! service
In the WORT! Of necessary reduction
in expenditure and in reform in meth
DDS of appropriation 10 which the sem
ate is pledged, | am authorized 10 say
that we shall have the earnest sup
port and cooperation OF the president
and the administration.
Il NAV be asked what would happen
IL it should happen to be found that
J. have been oyer-sanguine or wholly
inaccurate in my statements of prob
able conditions and results. | answer
with emphasis. that 1t would then be
the imperative duty of congress 10 re-
duce expenditures and make them con-
form to actual revenue conditions and
not to impose new and onerous taxes
THE imposition of other taxes un-
der these conditions would not only be
unwise, but unjust and prejudicial TO
every interest of the people.
'In the face OF the record l have
disclosed no political party can az
ford to place new and unnecessary bur
dens upon tine industries and people OF
the United States and l should re-
gret extremely If the party of which
| am a member should assume any
such responsibility"
In commenting upon the tariff bill,
Mr.. Aldrich said it was not his pur-
rose to discuss the wisdom OF unwis-
dom of the protective tariff policy. He
added that there would be no attempt
to restrict debate ON the Democratic
side upon the question
These items. he said. had been re-
ported practically without alterations
the reciprocity. print paper and wood
pulp. besides. He said that this had
not been done because of any desire 10
eyade responsibility on those ques-
tions. but merely because the commit,
tee had not received data that would
be necessary to permit it to draw ITS
conclusions. When that data was re-
ceiyed, he said. recommendations
would be made in respect to those
items.