The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1910-12-09

has Little to Say About the Tariff---Work on
Panama Canal Is Reviewed---No Change
in Anti rust Laws---Interstate
Commerce Laws Are Discussed.

each department chief TO reduce the
estimated cost Of his department for |
the ensuing fiscal year ending June
~, 1912. 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 row.
eminent and meet its other cbliga-
ton 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 esti-
mates, except to those for expenses of
maintenance and the meeting of obli-
cations under authorized contracts,
nor e 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
terfering 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 Novem-
Der 20 Of this year, for the ordinary
expenses Of tho government, including
those for public buildings, rivers and
harbors. and the navy building pro-
gram, amount to $630,494, 013.12. This
is $50, 964,sS7.36 less than the ap.
preparations for the fiscal year end
ing June 80, 1911. 1t is SIG, $50, 1884,
less than the total estimates, includ-
ing supplemental estimates submitted
to congress by the treasury for the
year 1911, and is 1854, 659. 80 less
than the original estimates submitted
by the treasury for 1911.
these flugres 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 ef
fectively expended in order to com
plete the canal a promptly a. posi-
BILE. and therefore, the ordinary mo
tive for cutting down the expense o.
b government does not apply to ap
propriations for this purpose.
Against the estimates of expendi
lures, $40. . 4.013.12, we have estimat
ed receipts for next year $3.50, Ooo. 900
making a probable surplus Of ordinary
receipts over ordinary expenditures O
about $50, 900. 900, or taking into &C
count the estimates for the Panam,
canal, which are $50, 920 .S47. SO, an,
which will ultimately be paid in bonds
it will leave . deficit for the mex
year of about $1,000, 900, II congress
shall conclude to fortify the canal"
The Tariff.
The President devotes but littl
space to the subject of the tariff Law
and Of 1t he says:
1.-THE schedules Of the rates Of dut
in the Payne tariff act have been sui
jected to a great deal Of criticism
some Of 1t Just, more Of It unfoundet
and to much Misrepresentation. Tn
act was adopted in pursuance Of
declaration by the party which Is r,
sponsible for 1t that customs BIZ
should be a tariff for the protectio
Of home industries, the measure &
/ the protection to be the difference b,
, tween the cost Of producing the in
: ported article abroad and the cost {
! producing 1t at home, together wit
such addition to that difference q
might give a reasonable profit to tn
home producer. The basis for th
criticism Of this tariff Is that in r
spect to a number Of the schedule
1 the declared measure was not follow
ed, but a higher difference retained {
inserted by way of undue discrimin
Z ton in favor of certain industries an
Q manufactures. Little. If any, Of IL
z criticism of the tariff has been direc
ed against the protective princip
n above stated; but the main body
the criticism has been based On II
attempt to conform to the measure
Il protection was not honestly and 81
L cerely adhered to-"
d The TarIff Board.
The president refers to the appoir
G. ment of a board Of experts to inves
. gate the cost of production Of vario,
articles included in the schedules
% the tariff. and says:
IL 1.-THE tariff board thus appoints
10 and authorized has been diligent
4 preparing itself for the necessary
v%estigations. The hope Of those WI
have advocated the use Of this boa
to for tariff purposes is that the questi'
of the rate Of a duty imposed sh,
Mt become more OF a business questi'
Or and less of a political question. to
10 ascertained by experts Of long tral
ing and accurate knowledge. +
BY halt In business and the shock to blu