The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-04-20

conceded that the era of prosperity which
commenced the first part OF March is
likely to continue uninterruptedly with
the enactment of wise tariff legislation,
"The estimates l have made of IN
creased revenues arc most conservative.
II the same rate of increase which has
obtained since the first OF March should
be applied to the eighth month or the
fiscal year 1910. not covered by the period
then have an increase over the receipts
for the present fiscal ycar-say s295, GOO, :,
600 and S5i. i01, ,365, making total OF
S349 401 600 without taking into account
the additional sources OF revenue pro-
vided for.
For 1911 have estimated an Increase
OF expenditures of SO, 1000, n conse-
quent surplus OF $50 900. 600
"If the statements I have submitted
are approx imately correct. the independ-
cut question arises:
Problem of Deficits.
in what way is the treasury TO take
care of the deficits indicated for the
present and the following fiscal years?
The treasury has today. including The
S74,6S1. .275S5 which II is entitled 10 re-
penditures. practically $1,000 600 OF
available surplus over a. necessary work
ing balance. This surplus Is likely to 6e
tions to the deficiency for the current
Available sSs s" surplus plus q" Or ssl 900, 900 II my
mated deficiency OF $4,000, 600 in that
yeaT would still leave a surplus OF Si?,-
o0O, 600 which would be increased in the
subsequent years.
he sold TO an amount which VIII re-
imburse the treasury FOR all payments on
account OF the canal Further legislation
viii. however. be necessary IL TINS Dill is
TO secure that result.
"The comptroller of the treasury has
held that $50. 0O0, 600 Of the amount paid
~ ha Sln
OF the existing law Existing legislation
only authorizes the issue of per cent
bonds, which must be sold at not less
than par. These could only be purchases
by or for the national banks. 1t viii
therefore be necessary TO authorize the
secretary OF the treasury TO sell bonds OF
a different class.
the government after few years could
undoubtedly be sold al rate not ex-
ceeding per cent.
Increase in Expenses.
Stating that he was aware that the
accomplishment OF the S35, 600. 600 reduc-
ton in expenditures he had suggested for
i9iI in his estimates would he surround
ed with great difficulty. Mr.. Aldrich
said the rapidity with which our national
expenditures had increased within the
past three years was a source OF anxiety,
II not alarming.
simultaneously with the reduction In
receipts OF 100000 from 1907 To 1903,
W
OF sl2O 600 000" he said. 1T is but fair
TO say that when the appropriations for
the year 1903 were made the country had
not been overtaken by the panic OF 1907.
But a different condition existed when
the appropriations for the year 1910 We're
made. The fact that the appropriations
were less than the estimates does not
relieve congress from responsibility for
their unprecedented extravaganza. No
excuse whatever can be found for similar
legislation in the future.
&c INN a n N
public service that radical change In
the procedure with reference 10 appro-
priations should be made.
Function Of Committee.
at should be the function Of the com
mittee on public expenditures, recently
created. To take into consideration long
before the appropriation bills are re-
ceived from the house, the estimates and
needs Of the various departments, and
ate. In order that responsibility for fu-
ture extravagances may be clearly fixed.
| am myself satisfied that last years ap-
propriations. made last year. could have
been reduced at least $50, 900, 900 without
imparIng the efficiency OF the public
service.
expenditure, and in reform In methods
of appropriation TO which the senate Is
pledged. l am authorized 10 say that we
shall have the earnest support and
operation of the president and the ad-
ministration.
''I may be asked what would happen
II It should happen TO be found that l
accurate In my statements OF probable
conditions and results. | answer with
emphasis that II would then be the i'm
perative duty OF congress 10 reduce ex-
penditures and make them conform to
actual revenue conditions. and not TO i'm
pose new and onerous taxes.
Other Taxes Unjust.
THE imposition Of other taxes under
these conditions, would not only be un-
wise but unjust and prejudlcial TO every
interest OF the people.
"In the face OF the record I have dis
closed, no political party can afford to
place new and unnecessary burdens upon
the industries and people Of the United
States. and ] should regret extremely II
the party of which am member should
assume any such responsibility
In commenting upon the tariff bill,
Mr.. Aldrich said it was not his pur-
pose TO discuss the wisdom or 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, be said, had been re-
ported practically without recommends
tion-coal and its reciprocal provision,
print paper and wood pulp and hides.
He said that this had not been done be-
cause of any desire to evade RESPONSE.
bility on those questions. but merely
because the committee had not received
data that would permit it to draw it's
conclusions. When that data was re-
ceived, he said, recommendations would
be made in respect to those items.
Speaker Cannon entered the senate
chamber before Mr.. Aldrich began and
carefully followed his remarks,
Crtticises Minority.
Upon concluding the reading of his
statement
launched upon a criticism Of amend
ments prepared by Mr.. Daniel for a
tax on the gross receipts of corporations
and by Mr.. Bailey for tax on in
comes, each of which, he said, would inn
pose $60,000,000 Of taxes.
Being interrupted by Mr.. Bailey,
who suggested that he knew the sena-
tor from Rhode Island would not wish
to misreprcsent him, Mr.. Aldrich said
he would reply to the senator's sugges-
tion that the tariff schedules be reduced
to Offset the $60,000,0O0 to be raised
by an income tax. That could be done,
he said. only by making some OF the du-
ties prohibitive or putting them on the
free list. as the mora ra1untinn ne fhc