The state herald., 1910-12-09

Panama canal Will md this the only
great commercial nation unable to
avail In International maritime bust.
ness of this great contribution to the
means Of the worlds commercial in.
tsrcourse."
Governmental Expense.
To no one subject does he devote
more space than to the expense of
conducting the various government
departments and the urgent need for
economy, and in this connection he
says: N
Every effort has been made nv
each department chief to reduce the
estimated cost Of his department for
the ensuing fiscal year ending June
~. 1919, 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.
eminent and meet its other obliga.
lions under existing law, and that a
cut OF these estimates would result
IN embarrassing the executive branch
OF the government in the performance
OF Its duties. This remark does not
apply to the river and harbor est.
mates, except to those for expenses of
maintenance and the meeting of obli.
gallons under authorized contracts.
nor does 1t apply to the public build.
Ing bill nor to the navy building pro.
gram. or course, as to these con.
gress could withhold any part or all
OF the estimates for them without in.
terferins with the discharge of the or.
binary obligations of these functions
OF Its departments. bureaus and Of
fees.
The final estimates for the year
ending June 80. 1912. as they have
been sent to the treasury on Noyem-
Der 20 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 $3.50, 494. 013.12. This
Is S62,96i,sS73s less than the ap-
preparations for the fiscal year end.
Ing June 30. 1911. It ia 316,Sss,1b3.44
less than the total estimates, includ.
Ing supplemental estimates submitted
to congress by the treasury for the
year 1911, and is 1854. 659.as less
than the original estimates submitted
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.
fectiyely expended in order to com.
plete the canal as promptly as posi-
Bile. and therefore, the ordinary mo-
tive for cutting down the expense of
the government does not apply TO ap-
propriatlons for this purpose,
Against the estimates OF expendi.
lures, $3.50, 494,0l3.12, we have estimat.
ed receipts for next year $3.50. 900. 900,
making a probable surplus OF ordinary
receipts over ordinary expenditures of
about s5OOO0,000. or taking into &C.
count the estimates for the Panama
canal. which are s56,s2Osi7.6g. and
which will ultimately be paid in bonds,
1t will leave a deficit for the next
year of about 100000. II congress-
shall conclude TO fortify the canal"
The Tariff.
Tho President deyotes but little
space to the subject OF the tariff law.
and Of II he says:
THE schedules OF the rates Of duty
In the Payne tarifr act have been sub
jected TO great deal OF criticism,
some OF II Just. more OF II unfounded.
and TO much Misrepresentation. The
act was adopted In pursuance of a
declaration by the party which Ia re
sponsible FOR II that customs bill
should be tariff for the protection
OF home Industries. the measure OF
the protection 10 be the difference be.
tween the cost OF producing the I'm.
ported article abroad and the cost OF
producing Il at home, together with
such addition to that difference as
might give n reasonable profit 10 the
home producer. The basis for the
criticism OF this tarlfi is that In re.
spect TO number OF the schedules
the declared measure was not follow
ed. but a higher difference retained or
inserted by way OF undue dlscriminR.
ton in favor OF certain industries and
manufactures, Little. II any, OF the
criticism Of the tarif has been direct.
ed against the protective principle
above stated; but the main body OF
the criticism has been based on the
attempt TO conform 10 the measure Of
protection was not honestly and sin.
oerely adhered to-"
The Tariff Board.
Tho president refers to the appoint
ment OF board Of experts TO invest.
gate the cost OF production OF various
articles included In the schedules OF
the thrlf. and says;
The tarin board thus appointed
and authorized has been dillgont IN
preparing itself for the necessary In,
yesuga,lons Tho hope Of those who
have advocated the use OF this board
for tariff purposes il that IN, question
OF the rate of n duty imposed shall