The Forrest City times., 1910-12-09
NEED OF ECONOMY POINTED OUT
Has Little to Say About the Tariff---Work on Panama Canal Is Reviewed---No Change in Antitrust Laws--- Interstate
 Commerce Laws Are Discussed.

each department chief to reduce the estimated cost of his department for the ensuing fiscal year ending June 30, 1912. l say this in order that con gress may understand that these esti. mates thus made present the smallest sum which will maintain the depart ments, bureaus and offices of the gov ernment and meet its other obliga- tons under existing law, and that a cut Of these estimates would result Ill embarrassing the executive branch or the government in the performance of it's duties This remark does not apply to the river and harbor esti- mates, except to those for expenses of maintenance and the meeting of obli gatlons under authorized contracts. nor does 1t apply to the public build Ing Dill nor to the navy building pro- gram Of course, as to these con. gress could withhold any part or All el the estimates for them without in- terfering with the discharge of the or dinary obligations of these functions or its departments, bureaus and of fees.
 he final estimates for the year ending June 30. 1912, as they have been sent to the treasury on Novem- Der 29 of this year. for the ordinary expenses of the government, including those for public buildings, rivers and harbors. and the navy building pro gram, amount to s630,494,0I3.12 This IS 52,964 ,S87.3 less than the an preparations for the fiscal year end | Ing June 30, 1911. It is s1G.SS315244 less than the total estimates. includ ing supplemental estimates submitted 10 congress by the treasury for the year 1911, and is $5,574 ,659.39 less than tke original estimates submitted 1 by the treasury for 1911.
 These fiugres do not include the appropriations for the Panama canal the policy in respect to which ought to be. and is, to spend as much each year as can be economically and eff iectlVely expended in order to com. /, plete the canal as promptly as possi- Die, and therefore. the ordinary mo tive Tor cutting down the expense of the government does not apply to ap- propriations for this purpose.
 Against the estimates of exnendi. lures, S640,4S4,013.12, We have estimat- ed receipts for next year $6SO. 900 900 making probable surplus of ordinary receipts over ordinary expenditures of about S50,000000, or taking into ac- count the estimates for the Panama canal. which are $56.92O.S47.69 and which will ultimately be paid in bonds 1t will leave a deficit for the next year of about s7.000.OOO if congress snail conclude to fortify the canal"
 The Tariff
 The President devotes but little space to the subject of the tariff law and of it he says
 The schedules of the rates of dutv In the Payne tariff act have been snb. Jected to great deal of criticism some of 1t just, more of it unfounded and 10 much misrepresentation The net was adopted in pursuance of a declaration by the party which is re sponslble for it that customs hill should be tariff for the protection of home industries. the measure Of the protection 10 be the difference he tween the cost of producing the i'm 1 ported article abroad and the cost of i producing 1t at home. together with such addition to that difference as might give reasonable profit to inc nome producer. The basis for the nf
 spect to number of the schedules tho declared measure was not follow ed, but higher difference retained or inserted by way of undue discrimi1a. ton In favor of certain industries and manufactures. Little, if any of fhe criticism of the tariff has been direct. ed against the protective principie aooVe stated; but the main body of the criticism has been based on the attempt to conform to the measure o< protection was not honestly and sin cerely adhered to-"
 The Tariff Board.
 The president refers to the anna.,, ment of board of experts to inyesti- gate the cost of production of yariaas articles included in the schedules o{ the tariff, and says.
 The tarif board thus appointed and authorized has been dilieent in preparing itself for the necessary fn. yesugations. The hope of those wbc nave advocated the use of this board Tor tariff purposes is that the uuegtfa1 Of the rate of duty imposed shail become more of business question and less of a political question. to be aseertained by experts of long train. Ing and accurate knowledge. The hait in business and the shock to bust