Milford chronicle., 1909-12-10
10 pepartment Of So.

I earnestly recommend to the favor
able action Of the congress the esti
mates submitted by the department Of
state and most especially the legisla-
tiOn suggested in the secretary OF
states letter Of this date whereby It
will be possible to develop and make
permanent the reorganization Of the
department upon modern lines in a
manner to make It a thoroughly ef-
fcient instrument In the furtheranee
Of our foreign trade and OF American
interests abroad.
Under a provision Of the act of Aug.
5, 1909. / have appointed three officials
to assist the officers of the government
in collecting information necessary to
a wise administration of the tariff act
Of Aug. 3. 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 ? Of the
tariff act Of Aug. 5, 1909, It becomes the
duty of the secretary Of state TO con-
duct as diplomatic business all the
negotiations necessary to place him In
a position to advise me as to whether
OF not a 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
sufiiciency 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 SS4.O75.62O If to this deficit
are added the sum to he disbursed for
the Panama canal. amounting to $685.
100000. and Sl.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 S73.O75. $40.
This deficit the secretary proposes to
meet by the proceeds of bonds issued
to pay the cost Of constructing the
canal. approve this pro
pOsal
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
1f 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
'all upon our posterity. who are to
Enjoy it, and there is all the more rea-
ION for this view because the actual
.ost to date Of the canal, which is now
lalf done and which will be completed
Ian. 1, 1915. shows that the cost of
and construction will be
i297. 100000 instead Of $139, 705 200. as
estimated. In addition to
and construction. the 9th
r expenses. including sanitation and
and the amount paid for
be properties. the franchise and the
rivilege Of building the canal, IN
rease the cost by S75.435.OOO to a
otal Of S375. POL 900. The increase In
be cost Of engineering and eonstruc-
on is due to a substantial enlarge
lent OF the plan Of construction by
the canal 100 feet in the Gu J
bra cut and by Increasing the d. !
Of the locks. to the under :
stlmate OF the quantity OF the work :
, be done under the original plan and :
an underestimate Of the cost Of Ia y
Or and materials. both Of which have Z
realty enhanced In price since the .
'iginai estimate was made
Government Economy. :,
In order to avoid a deficit for the
lsuing fiscal year directed the
.ads Of departments IN the prepara- =,
On Of their estimates to make them \
low as possible consistent with i'm :,
rative governmental necessity The Il,
sult has been. as am advised by al