The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1910-12-06


suhrtafion aslFauase go guarautee thl
establishment and rapid derel0pmen
Of au American merchant marine. th'
restoration ~ ihe American nag 10 IL.
ancient place upon the seas
Estimates For Nsst Years Expsnssz-
The hnal estimates for ihe year ehe
ing June so I9i2 as they have been
sent 70 ne treasury On Nor - n this
year for gue ordinary expenses ~ the
government including those for pub
lic buildings. rivers and hartors and
the navy huiidinc program. amount to
Sl133, 49, Oi3I2 This N s52nti4 81 -3e
less than the appropriations for the
fiscal sear ending Jnne 30 1911. 1t ~
Z slG. .Ss3. .i53 a. less than the total csti-
mates. including supplemental esti-
mates submitted to congress by the
treasury for the year lgll, and Is So
574G593q less than the original esti-
mates snbmitted by the treasury for
1911.
These figures 10 not include the ap-
preparations fer the Panama canal the
policy lit respect - which ought Ia be
and Is to spend as much each year as
eaH IL economically aad effectively ex-
pended In order to complete the canal
a. promptly as possible. ana there
fore the ordinary motive Tor cutting
down tile expense of tile government
does not apply 70 appropriations Tor
this purpose II VIII DE noted that the
4 estimates for rae Panama canal for
the ensuing year are more than S5G
4 10000 an increase Of $20e00000
oTeF the amount appropriated for this
year, 4 difference due ID tine fact fIat
me estimates for 1872 include some
thing over S19,a10.O00 for the fortlflea-
gien of tie canal
Against the estimates Of expendi
lures. Sss50.4sfAuI8.I2. ne have estl-
mated receipts for next year sgs9.-
0900 making q probable surplus Of
ordinary receipts over ordinary OK
peHaitures ~ about S50000050. on.
taking into account the estimates for
the Panama canal. which are S5G.g20.-
s4Tg9 and which viii ultimately be
paid Id bonds. it viii leave deficit
far the uext year Of about ST.0O1.000
if congress shall conclude to f0rtify the
canal The cost of the foriihcations
is about Sf9.09OO00 Should there be
no appropriations This year for fortf
cations then there would be, even in-
rludiag tile Panama canal approprIa.
iicn. & surplus of about Sf2O0a.U90.
fl Is not essential 10 the preventing
of smuggling that customs districts
should be increased iii 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 nse Of the spe-
elal agent travelling force DC the treas
ury department..
Very grea: improvements have been
made ii respect TO the mints and as.
say offices. Dim'nished appropriations
have been asked for those whose con-
tinuNnee is unnecessary, and this
years estimate of expenses Is $326,O01
less than two years ago.
iii 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 ex-
penses of the bureau despite increased
business
Revenues.
As the treasury department is the
one through which the income Of the
government il collected and its expend-
itures are disbuixed this seems
proper place to consider tile operation
Of the existing tariff bin, which be-
came a law Aug. q 1909 As an ils
come producing measure the existing
tariff bin has never been exceeded by
any customs biI Id the history of the
country.
The corporation excise tax, proper
TONED 10 the net Income Of every bust
ness corporation IN the country, has
worked we'll The tax has been easily
collected. IFS prompt payment indi-
Gates that the incidence Of the tax has
not been heavy Ii offers, moreover,
an opportunity for knowledge by tile
government Of the general condition
and business Of all corporations and
thai 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
Iy congress and the matter left to the
regulation Of the president / have di-
rected the issue of the needed regula-
lions and have made il possible for the
public generally to know from an ex-
animation of fhe record the returns OF
ail corporations the stock Of which is
listed on any public stock exchange Or
is offered fer sale to the general pub
Ia by advertisement of otherwise. The
returns of those corporations whose
stock IL NOT so listed OF offered for
sale are directed TO be open 10 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 OF
10 fha examination Of any cpurt Ia