The evening world., 1910-12-06

The President favors awaiting re-
ports from the Tariff Board before
tinkering with the schedules about
which complaints have been made. He
does not anticipate that the board Will
be in position to make any recon-
mendations during the current session.
but hopes 10 be able. through the
board, to bring to the attention OF the
Sixty-second Congress facts concerning
sue schedules as need amendment. His
idea is to take up one schedule at a
time In order to avoid precipltating the
country into a period Of Industrial and
financial unrest such as attends a
widespread tariff revision.
President Taft devoted considerable
space to the Panama Canal, which he
recently visited. He pronounced HIM
self a. unaltsrAbly In favor OF fortify.
ing the Canal, and gave his rsasons
Postal Banks Soon.
The postal savings banks system. ac-
cording to the President, will be started
In a few cities and towns on Jan. l and
will be extended gradually. steadily
and systematically. He recommended ths
0o0VtAOa VI Wv RSASvAo RSDS AAOo W
rural free delivery routes 1t once, with
the design Of extending II to the whole
postal system.
TIT President declares that Il 10 time
to stop leglslating with reference to reg
ulation OF corporations and to witness
the effect OF n vigorous execution OF the
laws already on the statute books. The
exact Limitation upon business methods
imposed by law he argues will doubt
less be made clearer by pending deci-
sions of the Supreme Court.
In opening his message the Presiden,
referred TO the settlement of the fish,
cries dispute. the pleasant relations ex.
lsting between the United States and al
civilized nations and the improvement
OF conditions In China with respect &c
Ame,ican commerce and capital. IL,
reviewed recent happenings In tn,
States OF Central and South America
hut made no reference to the revolution
In Mexico.
The approaching opening of tn,
Panama Canal renders imperative. II
the Judgment OF the President. the es
adjustment Of direct steamship route
DetWeen the United States and Latil
American countries. lie recommends
? legislation looking TO the establishment
OF a merchant marine. either by Tn
aid OF a mall subsidy or some othe
adequate subvention.
| Country's Finances.
, Concerning the financial condition o
the Government President Taft sc
| forth the following; -
: ss1Nt,. ,,nN ..,gpant.a Gov tha xsaar and
ing June 30, 1912. as they have been SCI
to the Treasury. on Nov. 20 OF this yea
for the ordinary expenses OF the GOV
ernment. including those for publ
! buildings. rivers and harbors, aud IN
: navy building programme, amount I
, SGso, i9l. 0l3.l2. This IL %j2,9di,S Si,3O les
than tho appropriations for the hsr'
I year ending June 30. 1911. II is sl6,SSS
1884 less than the total estimates, IL
Guiding supplemental estimates submit
e ted to Congress by the Treasury for n
i year 1911. and is 1914. 1898 less than II
,, original estimates submitted by Il
Treasury for 1911.
S Against the estimated expenditure
OF $500, 49i. 0l312. we have estimated n
ceipts for next year $3.50, 600, 0OO. maxim
a probable surplus OF ordinary recelp
\ over ordinary expenditures OF about $50
. 100000, or, taking into account the q
" Inmates for the Panama Canal, while
y are $50. e2O.Sl7.G9. and which VIII ult
mately be paid In bonds, II viii leave
deficit for the ext year OF about $1,000
600. II Congress shall conclude to FORTH
7 the canal. The cost OF tho fertilization
is about 49, OQ, 900, Should shere be