Albuquerque morning journal., 1910-12-07

,utr,ncy IA one most Important IN the
preservation OF proper banking meth
DDS in the national banking system ol
the United states, and the present
comptroller has impressed his sub
ofsii6aies with the necessity Of 50 con
Quoting their Investigations as to cs
tablsh the principle that every bank
failure is unnecessary because proper
inspection and notice OF threatening
conditions TO the responsible directors
and Officers can prevent il.
Public buildings.
In our public buildings We still sur
fer from the method of appro 1riatlon.
which has been so much criticised
harbors. Some method should be dee
yised for controlling the supply OF
public buildings, 80 that they VIII
harmonize with the actual needs oi
the government Not only ere build
inrs appropriated for BY congress
which are not needed, aud buildings
left unappropriated for hy congress
which are needed, but when Il comes
to the actual construction there has
been IN tho past too little study oi inc
building plans and sites with view
20 the actual needs of the govern
mont poH0fflct buildings which are
icAg handling of transportation OF
thonaands OF tons of mail have been
made monumental structures, and
often located far from the con-
vruient and economical spot. I'm the
actual construction Of the buildnps q
closer scrutiny OF the methods cm~
ploved by the government architects
or by architects employed by the gov-
ernmeut have resulted IN decided
economies II Is hoped that more
timt win give opportunity Tor g more
thorough reorganization. Tho last
public building bill carried author-
izatiun Tor the ultimate expenditure
~ Sa2.0if.h00 and / approved u be-
cause Of the many good features u
rprinincd, Just ~ | approved the river
and harbor bill, but It was drawn
upon principle that ought to be
abandoned II seems 10 me that the
wiser method OF preparing a public
building bill would be the preparation
81 a report hy a commission of gov
ernment experts whose duty IL should
ia 70 report 10 congress the govern
snent's needs in the way Of the con-
struCtion of public buildings ~ every
payi Of IN" country JUST ns the army
onNineers make report with reference
10 the utility Of proposed improve
n6a 4 function which | have recon-
mcudcd for the army engineers or in-
cluding IN their recommendation the
relative importance of the various
projects found 20 be worthy Of APP
rroyai and execution,
Kcvcnues.
As the treasury department Ia the
one through which the income of the
government Is collected and its eN-
rendlturcs ARE disbursed, this seems q
proper place to consider the operation
az the existing tariff Bill which be-
came a law August 8. 1908, A. an IN
come producing measure. the cNihllnk
tariff bin has never been exceeded by
any customs bin in the history OF the
country.
The corporation excise tax proper
toned 20 the net income OF every
business corporation In the country,
has worked well The tax has been
easily collected Its prompt pay
nant Indicates that the Incidence Of
tho tax has not been heavy II offers
moreover. an opportunity for knoWl-
edge hy tho government Uf the gem
eral condition ana business ot all cor
p0rntlous, and tint means hy inr the
most important part Of the business
OF the country In the original nci
nrogision was made for the pnhlica-
tion OF returns This provision WAS
subsequently, amended hy congress
and the matter left 20 the regulation
OF the president ! have directed the
issue Of the needed regulations ana
have made It possible for the pubic
generally 60 know from AN eNnmlna-
ton of the record, the returns ot hli
oorrorntlons. the stock Of which IS
listed on any public stock exchange or
is offered for sale 10 the general pub
Nc by advertisement or otherwise,
The returns OF those corporations
whose stock Is not 30 listed or offered
for sale are directed to Do open 20
the inspection ana examination OF
creditors and Stockholders of the cor
poration whose record is sought Ihe
returns of all corporations are SUD-
ject 60 the inspection of any goNrrh-
ment officer or to the examination OF
any court. in which the return made
by the corporation Is relevant "h''
competent evidence,
The Payne Tariff Act.
Tho schedules Of the rates of dutN
in the Payne tariff act have been sun
tected 20 great deal OF critlcishl'
some OF IL just. more OF i uniouhago'
and 10 much misrepresentation Ihe
act waa adopted in pursuance oi %
declaration by the party which ~ re.
sponsihio FOR u that customs hhl
should be tariff FOR the prot'ruuh oi
home industrics. the measure oi inc
protection 90 he the diticroncc nt-
tween the cost uf producinE the ih-
portpd article abroad aud tho cost ul
producing IL nt home. tuPothrr Win
such addition TO that difference h-
might give reasonable profit 80 the
homo producer The basis for the
criticism of this tariff Is that in RE-
spect 10 4 number ul the schedules the
declared mcnsurc was not followed
but "a hirhor difference retained on IN
eertcd hN WAY OF undue discriminh
ton In favor of certain industries onu
manufactures Little, ~ any ot the
criticam ol tho tariff has brcn di-
rectud ugalnft tho protective prin-
clplo above stated bat the maili
body nf the criticism has been hhs'o
ou thc ,harRo that the attempt to
conform Go the measure of protection
was not honestly ana sincerely hu
htrcd Co.
Itann IHianl
The umc in which the Wurl WAS
prepared uudouhtcdlN was so short af
70 make it Impossible for the CON.
gret~ and its experts tp acquire tnu lu-
formation necessary strictly tu con'
form 90 thf declared measure. IN
order 60 uVDtd criticism al this kind bod
the future and for the purpose off
more ucnfly contormiuE iD thc pntN
promise cunrn.-s nf ite intt session
utad.. nrnpfalnn uf nN fruuDat fnr fnt