New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-08-09
LOEB SAVES MILLIONS
Rehabilitation of New York Port
Yields $4,000, 900.
a YEAR OF PAYNE TARIFF
Receipts Under New Law SIS.
100000 Greater than for Any
Other Year, Except 1907.
(Frorh The Tribune Bureau. ]

washington. Aug. S.-Willian I.oeh
ir. Collector Of Customs at New York
has equalled the great record made +,
the last fiscal year by Postmaster Gen.
eral Hitchcock for economy Of adninis-
tration. BY cutting out the deadwood
eliminating red tape methods and gen.
orally enforcing higher standards OF eff
ciencv Mr.. Hitchcock was able TO maxi
a cut of approximately $11,5GOe99 IN
the postal deficit last year.
In a statement made public to-day On
the operations Of the first year Of TIE
Payne tariff law. the Treasury Depart-
ment estimates that there was an in
crease of S12.OOO,OOO in the revenue last
wear as a result of the reorganization %
the customs service at the Port of New
York.
About year ago Secretary Maevesza
was quIzzed by a curious caller as n
what he meant when he spoke of re-
facilitating" the customs service. Ths
Secretary smiled and said that ne had
looked up the verb ''rehabiIitate" and
found it was perfectly good word. No
body seemed TO be using it just then.
and he thought he would appropriate II.
He explained that he found more use FOR
the word at New York than at any Other
place. and intended putting it in TIE
custody of Mr.. Loeb. The New YORK
Collector seemed to understand what Mr.
MacVeagf1 meant. and his vigorous cam
paign to eradicate fraud and 70 enforce
up-to-date methods Of business admins
tration brought results even beyond the
expectations of the Secretary Of the
Treasury.
In commenting on the improved admin
istrative methods, the department says:
Lax methods no longer prevail az the
custom houses At the port Of New
is held over the other ports also the
revenues have been augmented to the
extent, it is estimated, of S12.eDOsa
wholly as the result of the reha Utilization
of the service and the Improvement in
it's morale"
The statistics made public to-day show
a total of $50, 214.0 2S to the credit Of
the first year of the Payne law in the
surplus of receipts over disbursements
The total ordinary receipts for the year
which ended August 6, 1910, were S61S.-
$50. $40. OF this 1923. 1f7,20S was de-
rived from customs. while the corpora
ton tax yielded S27. O90. 934 The total
ordinary disbursements for the same
period were S6JS 366, 49,. Without the
corporation tax the deficit would have
been less than 100000. The statement
of the department is in part as follows.
The ordinary receipts for the first fun
almost S15,GU1.010 than the ordinary receipts
during the fiscal year 1901, when the total
was S663, 125, $50 90; and the fiscal year 1897
was the banner year in point OF receipts
its total having exceeded that OF any other
year in the history of the governments by
almost $780, 1000. Hence the Payne-AldTich
law produced in its first year a revenue
greater by SIS. coo. 600 than the sum collected
IN any other year. OF our national life ex-
cept the year 1917. 1t will be observed thar
whereas there was a deficit OF S5S. $50 in
the ordinary operations of the government
in the fiscal year ended June 90. 1879, there
was a surplus in the year ended last Satur-
day of more than $2n.ts6,01.
1t IS interesting TO note that the rev anGs
derived from the corporation tax feature OF
the tariff law was 81. O9o. 9S4 a sum only
$-ut .t-s less than the amount assessed
There was expended on the construction
of the Panama Canal in the year whlch
ended last Saturday. s.. IS, 61S IS. so that
the Treasury were reimbursed to-day from
the proceeds of the sale of part of the
Treasury working balance would be in
creased to $4,000 900