The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1909-12-09
Secretary Of the Treasury
Discusses Governments
Money Plans.

DISCUSSES Government S
|. Money Plans.
WASHINGTON. D. G., Dec. r..
4 Retrenchment Is the keynote in the
estimates Of expenditures for the ex.
ecutive departments Of the govern
ment for the fiscal year 1911, embod-
led In the annual report OF Franklin
Macveagh as secretary of the treas.
ury, made known today. This is in
line with President Tafts declared
policy OF great economy in admins.
terlng the affairs OF the government
The total estimates for 1911 are
s6s4,1s2,1s7, including the naval
building program. Excluding the in
crease in the Panama canal estimates
the total estimates for 1911 show a
decrease of s5T,244,493.s7 under the
appropriations for 1910. Including
the Increase in the Panama canal es-
Inmates. the total estimates for 1911
show decrease of s42. s1s ,96s.1s un-
der the appropriations for 1910. The
ordinary estimated receipts for the
current year are $e4S, 900, 900 and
the ordinary disbursements $6s2.075.-
$50, leaving deficit in ordinary re-
ceipts of $34.075,620. When the
payments on account OF the Panama
canal and the public debt are added,
the total deficit OF the fiscal year
1910 is estimated at $73,O75,620.12.
The estimated ordinary receipts for
1911 are ss72,O0o,o0o and the; esti-
mated ordinary appropriations $685.
06s,672.51, or surplus in ordinary
receipts of $35,sa1.327.4s. When the
Panama canal estimates for 1911 are
added the surplus is turned into q
deficit OF s12, 2,197.21.
For the fiscal year 1910, the naval
building program was not included in
1.-The estimates submitted to the Con
Igress. When the naval program is
eliminated from the estimates for
1910 and 1911, the total estimates for
1911 are s94o01, 492.s2 less than the
total estimates for 1910.
Secretary. MacVeagh. emphasizing
.ne 'afu f's'ol.y o. the present rev.
enue system, with its recurrert eco
nomical agltations and itstlongE inter
vas u '.Hi.s' says II WIZ pc neees-
sary to meet these deficits TO sell
either bonds or certificates of indebt-
edness. I'm due course" he adds,
cit would seem that 1t must bes ma dc
prae''c'oie 20 notn estimate receipts,
wa" d elose approximate 10 tfie actu-
al ana TO provide for their annual
.ise of iaii ny some hexiple factors
III our annual taSat Hts1
uuetions III the present estlT
mates, WI MaeNeastl oeciares' !, result res u
81 '','pfoveu manning aaEg ottns gov
e.'ii''en' wofk any Inc possponsesmen,
~ expenditures es "ll!en can pc aaelayed
~ an eiiorl 10 au1usl immediate ex-
pelses anu receipts. lie SOUNDS q
"af'lilis' however efa1 the reductions
IN APPROPRIATIONS VIII be disappoint-
ing uhiess equal attehtion IS given to
oener Important savings.
secretary Macseagh reviews the or or.
saniNa'ioll' OF ralher lack OF organt--
Na.'on' OF ehe llscai RESPONSIVENESS it 'e'
ol me executive ana legislative
pfahehes or the government and the
reorganization thereof now IN prog
ress. de voices the nope that there
wi'i be constant progress away from
she extreme DISCRIMINATION OF the
past ana OBSERVES that even flour
country is rich It cannot AFFORD to be
I, Mnoi'y uhsciehtiiic IN It's appropria-