Devils Lake inter-ocean. (Devils Lake, N.D.) 1909-1915, 1909-12-10

q wise administration Of the tariff act
of Aug. 5, 1909. As to questions Of
customs administration they are CO.
operating with the officials of the
treasury department and as to matters
Of the needs and the exigencies of our
manufacturers and exporters with the
department Of commerce and labor in
its relation to the domestic aspect Of
the subject Of foreign commerce.
As a consequence Of section 2 Of the
tariff act Of Aug. S, 1909, it becomes the
duty Of the secretary Of state to con-
duct as diplomatic business all the
negotiations necessary to place him In
or not particular country unduly dis
eliminates against the United States
In the sense Of the statute referred to.
Government Expenditures and Rev.
enues.
Perhaps the most important ques-
tion presented to this administration
is that of economy in expenditures and
suficiency of revenue.
The report of the secretary shows
that the ordinary expenditures for the
-, current fiscal year ending June 30,
: 1910, will exceed the estimated re-
ceipts by $34.O75.62O. If to this deficit
are added the sum to be disbursed for
, the Panama canal, amounting to $685.
100000, and $1,OOO,OOO to be paid on
the public debt, the deficit Of ordinary
receipts and expenditures will be in
creased to a total deficit of $73, 3,O75, ,62O.
This deficit the secretary proposes to
meet by the proceeds&of bonds issued
to pay the cost of constructing the
Panama canal. / approve this pro-
posal. = > Z -
The Panama Canal.
The policy Of paying for the con-
struction of the Panama canal not
out Of current revenue, but by bond
!, issue, was adopted in the Spooner act
| Of 1902, and there seems to be no good
reason for departing from the princi-
| pie by which a part, at least Of the
| burden of the cost of the canal shall
fall upon our posterity, who are to
enjoy it, and there is all the more rea-
son for this view because the actual
| cost to date Of the canal, which is now
| half done and which will be completed
| JAN /, 1915. shows that the cost of
engineering and construction will be
T $297. 100000 instead Of $139, ,7o5. 200. as
originally estfmatedsS. In addition to
Engineering and sseot7 arasion, the 9th
1 er expenses iHc1udfhg ssni atfbn and
! government and the amount paid for
| the properties, the franchise and the
/ privilege of building the canal, In
!; crease tie cost by S75,435, 600 to q
total Of $35,201, 600. The increase In
! the cost Of engineering and construc,
hon is due to substantial enlarge
| ment Of the plan Of construction by
| widening the canal 100 feet in the Gu.
Zebra cut and by increasing: the df
mensions Of the locks, to the under.
estimate Of the quantity Of the work
! to be done under the original plan and
to an underestimate Of the cost Of la.
| bor and materials. both Of which have
| greatly enhanced In price since the
! original estimate was made.
Government Economy.
| p y, Dr.. .rE-E~ ? l.
| In order to avoid3aa deficit for the
ensuing fiscal year directed the
heads of departments in the preparat
/! ton Of their estimates to make them
as low as possible consistent with i'm
/: peratiye governmental necessity. The
result has been, as am advised by
! the secretary Of the treasury, that the
!. estimates Of the expenses Of the gov
/! eminent for the fiscal year ending
|. June 80, 1911-that is, for the next
! fiscal year-are less by $50, ,663, 900
than the total Of appro ropriations fel
the current fiscal year and less. By
7$94, ,o00, 900 than the estimates fer that
year. So far as the secretary Of the
treasury is able to form q Judgment as
! 70 future income, there will be uo