Arizona republican., 1910-02-24
.TAFT's TALK l
 IN NEWARK Addressed Board of Trade 0n Governmental Economy .s.-s
 REVIEW 0F COAO|I|OMs)
REVIEW OF CONDITIONS
Discussion of Receipts and Expenditures, Need of Reform and the Probable Good Work of Congress sional Commission.


 the first chief executive since Grant
 to visit Newark, tonight addressed one
 of the largest dinner audiences he has met in all his travels. At banquet given by the board of trade. he took the theme of governmental economy and said he shared the hope that the
 commission to be appointed 10 revise business methods in the big depart
 ments at Washington will effect a i saving of s100,0O0 yearly. He left at midnight for Washington. Senator Lodge and Governor Fort of New Jer- I sey also spoke.
 MT Taft prefaced'' his prepared 1 address with a passionate statement of | his feelings, after being year in the White House. which brought the audi enee 10 it's feet Former Governor l Murphy. introducing Taft. predicted
 the president would make good and also took d fling at the newspapers. T had not intended to say anything on the subject of my first year in the White House" said the president. but after what. NIT. Murphy has said cannot refrain from a personal word or two.
 1t is true I told him l wanted to make good year ago. I'm not certain of doing it now. said something about newspapers. When newspapers prone to criticism sometimes unite in hammering the administration 1t is hard to overcome the feeling that per- haps I ought to begin all over. Tn view of all that. to have received the welcome I did today, gives a lit tie hope. perhaps. that the newspa- pers don't carry in their pockets all the public opinion. and that. perhaps. the American people are able to see through something of the criticism. something of the hysteria, something of the hypocrisy and have real sym .pathy with the man. who. under con- siderable Responsibility, is doing the best he can.
 They say that sometimes demon strations are misleading. but I'm going to believe your reception tonight is sincere. l am going to take flattering unction to my soul as I go back to Washington, and avoid newspapers.
 You see, therefore. that when l came today. was in a frame of mind which made the welcome a balm to my soul. and carry away a sense. Of gratitude that will'never depart from memory"
 For my part of the evening"" the president said. "I would like to direct attention to a more prosy subject-the question of government expenses. rev enues. possible economies, and what expenditures age essential at whatever burden of taxation.
 In the first place it should be said
 that we have been so far from ex- hausting the resources of taxation and revenues have been collected so cas- ily. we have failed in the past to adopt a budget system which is practiced hy every country. By the budget sys- tenn l mean the reference to proposed expenditures and receipts to some one in authority, or some tribunal, which. after determining what the revenues be. also determine what the expendi- lures can be and make a budget with out deficit
 'The time was when the committee on ways and means determined the revenues and then measured the ex- penditures. But for many years these functions have been divided. The rev. enues have been provided by the ways and means committee while the ap- populations are made by the appro- priations committees and in too many instances. without apparent reference to the revenues which will be available to meet the appropriation. so that 1908 had a deficit and 1909 alse had de- ficit.
 "The calculations of the secretary of the treasury the present year showed the deficit likely to be s34.0OO. 900. I am glad to say the operation of the new tariff has been so much more productive of income that the deficit of the current year is likely to be con- siderahly reduced. In addition. how ever the Panama canal expenditures makes the total estimated deficit $73,- O00, ,0O0. but this is reduced consider ably by the better rates of the present tariff By meeting the expenditures of the Panama canal with proceeds of bond issues we will have enough cash in the treasury to meet the deficit of ! ordinary expenses of the current year | and If we meet the expenditures of the | Panama canal during the following 1 year. we shall have surplus of $35.- | 100000 or. if the revenue producing ca | pdcity of the tariff keeps up the sur plus will be increased to 50.000, ,000. l On the other hand, if congress pro- poses to add the expenditures of gov
 fCoutiutied on Pasa 'rbpaa.