New-York tribune., 1910-06-06
COM MENDS RETRENCHw i
Bank Circular Discusses Go-
ment Finances

The June circular Of the Nasor,
Bank, in It's discussion OF tas ursssr, j
Of the governments finances. dram,
ton to the economies 'practissd bv =.
ecutive departments. saying in par
The Treasury has done excssdluy
during the last six or seven No.
avoiding an issue OF bonds. Tr -
remarka bic that for 50 many r,6-,..
total balance in the general fInT
Treasury has been maintained sr Il
cally the same figure. scmeTnsrs
neighborhood OF $50 06a 90 OnI~ II
equilibrium. Notwithstanding trs ~
show a handsome increas Sc OF SgWal
the eleven months OF this fiscal III
date, as compared with the same -
year ago. there would Yet have b~3
issue probably Of 3 per cent csrtisss1
the departmental economies lnsrr-{
By the President had not hssn -
studied and rigtdly enforced by n@
of his Cabinet These ecouonies T. !
ductions in expenditures, the mcz "A
or which is shown in ths work OF ths
Office Department \ year ag0 thsr
a postal deficiency OF Sl9C50,0o0. N
this time il is only g. 4e5. 90. a cut q "A
ten millions in this account. which a
very much OF real economy. L Is "A
stood that before the fiscal year is
the good work Of this department n i
further evidenced BY another srhzs
reduction The War Department tor I
the same period show 4 decrease q Il
90, to he accounted for likewise h 4
ful and painstakinS supervision OF -
lures.
There Is. however. a limit 70 the 4
mics which may be worked out hy-1<
ecutive departments themselves. F-j
most part any real and substantial 4
tion in annual disbursements viii q
1IDon Congress As at present 0rz
it is difficult for the national lesiss-
work along systematic lines. Apr
tions are under the jurisdiction nor
but of several committees u 3 Z
wonder that. with such lack Of eoF-
ton. appropriations are made IN n
less Of q haphazard way and With5r
regard TO the current income or re i
eminent. It is true an attempt rs
made in the Senate, By means or
mittee on expenditures. 70 concslls:
propriatiOns in such manner as
about this desirab co-Crdlnarlons q
il understood the committee mas n~
discovered il has any real function ? +
form. II is expected that IN a year 9
gressional elections the rivers and p
bill. which carries an approprlatlon g s
$50 O1D. will not fail Of passage ar
mania for public buildings Is 70 be
BY an omnibus building BILL un-z
terms Of which each member OF 80
is to be allowed one public building
district. or in lieu thereof Two s-
sites. The latter would. OF courserr
develop into two public buildings q
In speaking Of the slgnilcance q
clusion of the American hnancial 81
participants in the Chinese loan n
cular says:
The amount OF the loan or the pra1
handling il is not so great as 70 -
United State TO make any extial.-
effort TO secure a participation u
the vital thing in connection Win e.
ness was the eSta bIishment or tne p
of equal participation on the par
United States with the other col-
nations, and this aSreement = -
victory. inasmuch as IN all tne
this country is given equal paIu-
NOT OnIv in the loan of S30.0ee.a
the matter of furnishing mateIla7
neers. auditors and purchasing 60
doubt edIv the construction OF -
is the beginning Of a great oeye-o.s oe -
the way of railroad COnStrucuon :. -
ouy the Chinese Empire. and u = =
that witF.< the next decace -
prove one OF the most attractIsss X
in the world for railroad nls-;S-.s =
enr1iDTueDt This activity n lall-..
velopment on the part OF a natlon,
enormous population and pracLlcs4'
veIoped resources IS OF the ulIlo'. y,
rsnce TO the world s couTneILtsl... 81
really important thing 70 me ~ a:
in these negotiations IS that u - = a. Z
2. position in this commerce OF t"'