The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-12-10


an American merchant marine, the re-
storation of the American flag to its
ancient place upon the seas
Treasury Department.
The final estimates for the year end
ing June 80, 1912, as they have been
sent to the Treasury, on Nov. 20 OF
this year, for the ordinary expenses
of the government, including those for
public buildings, rivers and harbors,
and the navy building program, amount
to $500, 494, ola. This is $52,964,So7
less than the appropriations for the ifs
cal year ending June 30, 1911. 1t is
$1~6,SS3,153 less than the total esti-
mates, including supplemental esti-
mates submitted to congress by the
treasury for the year 1911, and is So
574,659 less than the original estimates
submitted to the treasury for 1911.
These figures do not include the ap-
preparations 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 effectively ex
pended in order to complete the canal
as promptly as possible, and, therefore,
the ordinary motive for cutting down
the expense of the government does not
apply to appropriations for this pur-
pose. The estimates for the Panama
canal for the ensuing year are more
than ffty-six millions of dollars, an IN
crease of twenty millions over the
amount appropriated for this year,
difference due to the fact that the es'
Inmates for 1912 include something
over nineteen millions for the FORTH
cation of the canal.
Against the estimated expenditures
of $3.50, 494,O13, the treasury has esti-
mated receipts for the next year $685.
600, 900, making a probable surplus OF
ordinary receipts over ordinary ex-
nenditures of about fifty millions, or,
taking into account the estimates Tor
the Panama canal, which are $56,920,-
s47. and which ultimately will be pail
in bonds. it will leave a deficit for the
next year of about $7,OO0,OOo, II con-
Dress shall conclude to fortlfy .he
canal. The cost of the fortifcations
is about nineteen millions. Shouid
there be no appropriation this year
for Notifications, then there would De-
even including the Panama canal ap-
propriation. a surplus of about tweiVe
millions, according to the treasury IS
Inmates.
Tariff and Revenues
AS the treasury department is the
one through which the income OF the
Government is collected and its expen-
ditures are disbursed, this seems a
proper place to consider the operation
Of the existing tariff bill, which be-
came a law Aug. 6, 1909. AS an IN
come producing measure, the existing
tariff bill has never been exceeded D9
anv customs bill in the history OF the
country
The corporation excise tax, proper
toned to the net income OF every pusi'
ness corporation in the country, ha'
worked well. The tax has been easi'y
collected. Its prompt payment lhdi
Gates that the incidence of the tax mas
not been heavy. 1t offers, moreover,
an opportunity for knowledge by tn
Government of the general conditioi
and business of all corporations, an
that means by far the most imporlah'
mart of the business of the eountry
In the original act provision was maa'
for the publication of returns. I'M
~nrovision was subsequently amenoe'
bv congress-, and the matter ieft y
the regulation of the president. ! nav
directed the issue of the needed reg'
,ations. and have made it possible 10
the public generally to know from a
Examination q. the record, the return
of all corporations, the stock of VINE
,s listed on any public stock exchans
! or is offered for sale to the gehe''