The Ordway new era., 1910-12-09

great commercial nation unable to
avail In International maritime bust
ness Of this great contribution to tho
means Of the worlds commercial In
tsrcourse."
Governmental Expense.
70 no ono subject does he devote
more space than to tho expense Of
conducting tho various government
departments and the urgent need for
economy. and In this connection ho
says:
Every effort has been made by
coch department chief to reduce tho
estimated cost Of his department for
the ensuing fiscal year ending June
30. 1912. 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 ofaces Of the gov.
eminent and meet Its other obliga.
tons under existing law. and that .
cut Of these estimates would result
In embarrassing the executive branch
Of the government in the performance
OF Its duties. This remark docs not
apply to the river and harbor ssti-
mates. except to those for expenses Of
maintenance and the meeting of obli.
cations under authorised contracts,
nor does It apply to the public build.
Ing bill nor to the navy building pro-
gram. OF course. ~ to these con.
gress could withhold any part or all
OF tho estimates for them without in.
terfering with the discharge Of the or
dinary obligations Of these functions
Of its departments. bureaus and Of.
hces.
Tho final estimates for the year
ending juno 30. 1919. a. they have
been sent to the treasury on Novem.
ber 70 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 $ss0.494.01a.12. This
is 462.984, ,S87.36 less than the ap-
propriations for tho fiscal year end
ing June 80, 1911. 1t 10 916,SsS,163.44
less than tho total estimates, includ.
ing supplemental estimates submitted
to congress BY the treasury for the
year 1911. and is sb.574.e6s.3s less
than the original estimates submitted
UJ tue tEedsuTy LOT wi.
These fiugres do not include the
appropriations for the Panama canal,
the policy in respect to which ought
to be. and ia. to spend as much each
year as can be economically and ef-
fectively expended in order to com.
plete the canal az promptly a. posi-.
BILE. and therefore. the ordinary mo-
tive for cutting down the expense Of
the government does not apply to ap-
propriations for this purpose.
Against the estimates Of expendi-
lures. 3640.494.013.12. We have estimat-
ed receipts for next year $3.50. 900, 900.
making a probable surplus Of ordinary
receipts over ordinary expenditures Of
about $60,0o0.0oo. or taking into ac-
count the estimates for the Panama
canal, which are $56.920.S47.69. and
which will ultimately be paid in bonds.
1t will leave q deficit for the next
year Of about $7.0oO.000. II congress
shall conclude to fortify the canal"
Tho Tariff.
Tho President devotes but little
space to the subject Of the tariff law,
and of 1t he says:
Tho schedules Of the rates OF duty
In the Payne tariff act have been sub.
jected to q great deal Of criticism.
some Of 1t Just. more Of 1t unfounded,
and to much Misrepresentation. The
act was adopted in pursuance of a
declaration by the party which Is re-
sponsible for 1t that customs bill
should be tariff for the protection
Of home industries. tho measure Of
the protection to be tho difference be.
tween the cost OF producing the i'm.
ported article abroad and the cost Of
producing 1t at home. together with
such addition to that difference as
might give a reasonable profit to the
home producer. The basis for the
criticism Of this tariff is that In re-
spect to a number of the schedules
the declared measure was not follow.
ed. but a higher difference retained or
inserted by way of undue discrimina-
tion in favor of certain industries and
manufactures. Little. II any, Of the
criticism Of the tariff 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 to the measure Of
protection was not honestly and sim
cerely adhered to-
The 1ariff Board.
The president refers to the appoint
ment OF a board Of experts to investi-
gate the cost of production Of various
articles included in tho schedules of
the tariff. and says:
THE tariff board thus appointed
and authorized has been diligent in
preparing itself for the necessary in
vestigations. The hope Of those who
have advocated the use Of this board
for tariff purposes Is that the question
Of the rate of a duty imposed shall
become more of a business question