The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1910-12-06


~ urge upon the congress the passage
Of measure by mai subsidy or othel
subvention adequate TO guarantee thu
establishment and rapid development
Of an American merchant marine. ths
restoration of the American flag to its
ancient place upon the seas.
Estimates For Next Years Expenses.
The final estimates for the year end
sSis June 80, 1912, as they have beer
sent TO the treasury OH Nov. 20 of this
year for the ordinary expenses of the
government including those for pub
lie buildings. rivers and harbors and
the navy building program. amount to
$3.50, 9i,013.12. This Is $50, 964, SS7 SO
less than the appropriations for the
fiscal year ending June 80, 1911 1t is
S16,SS3, 1914 less than the total esti.
mates, including supplemental est
mates submitted 10 congress by tn.
treasury for the year 1911. and is So.
574,659.S9 less than the original est
mates submitted by the treasury fc
1911
These figures do not include the q,
preparations for the Panama canal, tb
policy in respect to which ought to |
and is 70 spend as much each year
can be economically and effectively g.
pended in order to complete the can
as promptly as possible, and Their,
fore the ordinary motive for cuttin
down the expense OF the governmel
does not apply to appropriations fo
this purpose 1t will be noted that th
estimates for the Panama canal 70
we ensuing year are more than S56,
100000, an increase OF $4,000. O0t
over the an ount appropriated for this
year. difference due to the fact that
the estimates for 1912 include some
thing over S19,Ooo,Oo0 for the fortifca
ton Of the canal.
Against the estimates OF expendi-
lures, S63o.4o4O1S12, we have esti-
mated receipts for next year $780,
100000, making a probable surplus of
ordinary receipts over ordinary ex-
penditures of about $50,00O,OO0, or.
taking into account the estimates for
>AAS -AisAA-A Ns1aof, AlCn dlS seOO,S&O,-
S4a69 and which will ultimately be
paid in bonds, it will leave q deficit
Tor the next year Of about $1,000, 600
II congress shall conclude to fortify the
canal. The cost of the Notifications
is about S19,00O,O0o. Should there be
no appropriations this year for FORTH
cations then there would be, even in
Guiding the Panama canal appropria-
ton, surplus of about S12, 100000.
1t is not essential to the preventing
OF smuggling that customs districts
should be increased in number. The
violation Of the customs laws can be
quite as easily prevented and much
more economically by the revenue cut
ter service and by the use of the spe-
cial agent travelling force of the treas
ury department.
Very great improvements have been
made In respect to the minis and as
say Offices. Diminished appropriations
have been asked for those whose con-
dnuance is unnecessary, and this
years estimate of expenses is $500, coo
less than two years ago.
In the bureau Of engraving and
printing great economies have been
effected. Useless divisions have been
abolished, with the result of saving
$4,000 this year in the total e1.
penses Of the bureau despite increased
business.
Revenues.
As the treasury department is the
one through which the income Of the
government is collected and its expend-
lures are disbursed this seems a
proper place to consider the operation
Of the existing tariff bill, which be-
came law Aug. 6, 1909. AS an in
come producing measure the existing
tariff bill has never been exceeded by
any customs bill In the history of the
country.
The corporation excise tax, propor-
toned to the net income of every bust
ness corporation in the country, has
worked well. The tax has been easily
collected Its prompt payment indi-
Gates that the incidence of the tax has
not been heavy. 1t offers, moreover.
an opportunity for knowledge by the
government of the general condition
and business of all corporations, and
that means by far the most important
part Of the business of the country. In
the original act provision was made
for the publication OF returns. This
provision was subsequently amended
by congress and the matter left to the
regulation Of the president. / have di.
rected the issue Of the needed regula-
tons and have made it possible for the
public generally to know from an ex-
animation Of the record the returns OF
all corporations the stock Of which is
listed on any public stock exchange or
Is offered for sale to the general pub
lie by advertisement or otherwise. The
returns Of those corporations whose
stock is not so listed or offered for
sale are directed to be open to the In
spection and examination of creditors
and stockholders of the corporation
whose record is sought. The returns
OF all corporations are subject to the
inspection Of any government officer or
to the examination Of INV oa,,r+ T.