The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1910-12-08

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taaN rn8iug pnuimbie suuius ~
or3inay eAfpss egcs ordinary "a.
EsNdJunr ~ airou, Sapne1l. OF.
iaalag iaia Hsseilai TIE estimates faf
ibs iananls canal atlch arc assltLO.
slTGa auA whleA will ultimately hv
rald "a beads Il siii leave q deacii
90 ihe Hett scar u abou, s7on01
. u cpnerrw flsai conclude 70 foritfy the
canal The casl ~ the iarllncail0as
+ i About slsO1n.oo1 should there he
ap appropriations this year for fouil
Z Gallons isea There would bc. even la.
clusias the Panama canal sppropFiA.
tIou. 4 surplus u about si20coD0
Z D, l. MOI essential 20 tie preventing
~ smuggling that customs districts
should BE- decreased In number. The
Z violation of the customs laws can he
( quite a. easily prevented aud much
nprv economically b. tbs revenue cut
ter service aud BY tbs use Of the spe
cial agent travelling force Of the treas.
ug department
Very great improvements have been
made IN respect 10 the minis and as
say Offices Diminished appropriations
have been asked Tor those whose con.
tuuanee Is unnecessary, and this
years estimate VI expenses Is $4,000
less than two years ago.
In The bureau " engraving aud
printing great economies have been
sfccied Useless divisions have been
abolished, with the result, Of saving
$1,000 this year IN tbS total ex.
penses u The bureau despite increased
business
Revenues
As the treasury department is the
one through which the income Of the
government Is collected and It's expend.
lures are eisbursed this seems
proper place 10 consider the operation
u the existing tarir bill. which be
came law Aug q, 1909. As an in
ONE producing measure the existing
tariff bill has never been exceeded by
any customs bill In 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 web The tax has been easily
collected lie prompt payment lndi-
Gates that the incidence OF the tax has
not been heavy. Il offers, moreover.
m opportunity for knowledge by the
government Of the general condition
and business Of an corporations. aud
hat means by far the most important
Ealt Of the business OF the country. In
The original net provision was made
for the publication of returns. This
provision was subsequently amended |
by congress and the matter left TO the |
regulation OF the president have di. |
rected the Issue Of the needed regula' |
lions aud have made II possible for the
public generally 10 know from an ex.
animation Of the record the returns Of |
III corporations the stock of which Is
listed on any public stock exchange or
is offered for sale to the general pub
lie by advertisement or otherwise. The
returns OF those corporations whose
stock Is not so listed or offered for
sale are directed to be open TO the In.
8peption and examination OF creditors
agd stockholders OF the corporation
whose record is sought The returns
4 all corporations are subject to the
Inspection o. any government officer or
o the examination OF any court, In
y hich The return made by the corpora
ION Is relevant and competent evi.
lenre
The Payne Tariff Act.
The schedules OF the rates OF duty
u the Payne tarin act have been sub
ected 10 great deal OF criticism.
Iome Of Il Just. more Of II unfounded
nd to much Misrepresentation The
81 was adopted In pursuance OF a
claraton by the party which Is re.
.rpusibe FOR II that a customs bin
houid be n tariff for the protection
i home Industries, the measure Of the
10 be the difference between
be cost VI producing the imported ar
!le abroad md the cost OF producing
/ az home together with such add
lou 70 that difference as might give
reasonable profit to the home pro
ncer
The basis for the criticism Of this
arlff II that In respect 10 number
i the schedules the declared measure
sas not followed but higher differ. I,
nee retained or Inserted by way OF
ndue Discrimination In favor OF GER
ain Industries aud manufactures
Liitle II amy. Of the criticism Of the
arin has been directed against the
reflective principle above stated. but !.
be- main body Of the criticism has been
ascd on the charge that the attempt !,
. conform 10 The measure OF protec
.on was not honestly and sincerely nd !,
erred 70
Tariff Board. !,
TIE time IL which the tariff WIS pre-
lre,i undoubtedly was SO short as TO o
.ake II Impossible FOR the congress q
ia its experts to acquire the lnforma
90 necessary strictly TO conform TO !,
le declared measure lD order 10 avoid q
'ilielsm % this kind IN the future and 7
Z the purpose Of more nearly conform. :
Z 70 the gmFty promise congress ~ Its y
81 session made provision at my re :
lest fof tie continuance % q board ere
90 under the authority % The maxi