Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1911-12-26
FINANCES ARE
IN GOOD SHAPE
Economies Have Effected Cut
in Expenses of Various
Departments.
MONETARY REFORM IMpORTAN 7
President Hopes 1t Will Not Be Made
Subject of Party Politics-Sur-
plus in Postal Department
Attention Called to Canal
Matte-s-Pcstal Savings.

Matte-S-FCStal savings.
Washington. Finances and cur
rency reform are the subject of spe-
cial message to congress, which reads
in part as follows:
The financial condition of the govern
ment as shown at the close of the last
fiscal year June 80, 1911, was very salts
factory The ordinary receipts into the
general fund. excluding postal revenues
| amounted TO SOL, 372. 4.99, and the dis
bursements from the general fund for
current expenses and capital OUTLAWS,
Guiding postal and Panama Canal dis
bursements, including the interest on the
public debt. amounted to s654. 377, 7.S9
| leaving a surplus of s41, PA, 317.10.
The postal revenue receipts amounted
TO $237, SIS, SOS so, while the payments made
for the postal service from the postal
revenues amounted to 1921, $50. As, which
left surplus of postal receipts over dis
bursements of S21s.11S.12. the first time in
q years in which a surplus occurred
The Understanding debt of the United
States June so, 1911. amounted to $9l5,-
353 1870. Teh debt on which interest had
ceased amounted to S1,S70, SSo26 and the
debt bearing no interest including green
backs. national bank notes to be redeem
ed, and fractional currency. amounted to
non-interest bearing debt amounting to
81, sos, 1854, $3.50
The actual disbursements, exclusive of
those for the Panama Canal and for the
postal service for the year ending June
80 1911, We're 1854, 1877, 997.S9. The actual
disbursements for the year ending June
50, 1910, exclusive of the Panama Canal
and the postal service disbursements
were 1858, 705, 39l.0S, making a decrease ~of
1885, 1893 10 in yearly expenditures in the
year 1911 under that of 1910. For the year
ending June 3d. 1912, the estimated re-
ceipts. exclusive of the postal revenues,
are $685. 100000, while the total estimates,
exclusive of those for the Panama pay
able from the postal revenues. amounted
10 1854, S42. 799 81 This is a decrease in the
1912 estimates of 1854, 1922.
For the year ending June 80, 1913 the
estimated receipts. exclusive of the pos
tai revenues, are 1861, 900, coo, while the
total estimated appropriations, exclusive
of the Panama Canal and postal dis
easements payable from postal revenues
will amount to $637 800 sO3.S5. This is a
decrease in the 1913 estimates from that
of the 1912 estimates of 1921 $3.50.
AS to the postal revenues. the eXpan-
sion of the business in that department
the normal increase in the post office
and the extension of the service, Will in
crease the outlay to the sum of $3.50, 1885,,
46S but as the department was self-sus-
tanning this year the postmaster general
is assured that next year the receipts
will at least equal the expenditures, and
probably exceed them by more than the
surplus of this year. 1t is fair and equit-
able, therefore. in determining the econ
omy with which the government has been
run, to exclude the transactions of a de-
partment like the post office department.
which relies for its support upon its re-
49,. L.,
for comparison of economy in.each year.
it has been the proper custom only to
include in the statement the deficit in the
post office department which was paid out
of the treasury.
calculation of the actual increase
in the expenses of government arising
from the increase in the population and
the general expansion of governmental
functions, except those of the post office,
for a number of years shows normal
increase of about 4 per cent, a year. By
directing the exercise of great care TO
keep down the expenses and the estimates
we have succeeded in reducing the total
disbursements each year.
Efficiency and Economy in the Treas
ury Department.
In the treasury department the efficien-
cy and economy work has been kept
steadily up. Provision Is made for the
elimination of 1874 positions during the
coming year Two hundred and sixty
seven statutory positions were eliminated
during the last year in the office of the
treasury in Washington. and 14l positions
in the year 1910, making an elimination
of 542 statutory positions since March 4,
1909 and this has been done without the
discharge of anybody because the nor
NAL designations and deaths have been
equal t. .he elimination of the places,
system of transfers having taken care
of the persons whose positions we're
dropped out In the field service of the
department, too, 1853 positions have been
eliminated down to the present time, ma
king total net reduction of all treasury
positions to the number of 1901. Mean
time the efficiency of the work of the
department has increased.
Monetary Reform.
A matter of first Importance that will
come before congress for action at this
session is monetary reform The con-
gress has itself arranged an early intro
duction of this great question through
the report of its monetary commission.
This commission was appointed to rec
ommend a solution of the banking and
currency problems so long confronting
the nation and to furnish the facts and
data necessary to enable the congress
TO take action.
In order to do it's work with thorough
ness and precision this commission has
taken some time to make its report. The
/ country is undoubtedly hoping for as
/ prompt action on the report as the con-
Veniences OF the congress can permit.
The recognition of the gross imperfec-
tions and marked inadequacy of our
banking and currency system even In our
most quiet financial periods is Of long
standing: and later there has matured
recognition of the fact that our system
! Is responsible for the extraordinary de-
vastation. waste and business paralysis
! of our recurring periods of panic. Though
I the methods of the monetary commission
/ have for a considerable time been work
Eng in the open, and while large numbers
/ Of the people have been openly working
with them and while the press has large
/ " noted and discussed this work as it
| has proceeded, so that the report Of the
| commission promises to represent a ma
/ tional movement. the details of the re-
| port are still being considered. can
/ not. therefore. do much more at this time
/ than commend the immense Importance
I Grafton and action when the commissions
/ report is received. and express my salts
/ faction that the plan TO be proposed
/ promises to embrace main features that
/ having met the approval Of great pre-
! ponderance of the practical and profss-
Furniture Polish.
Many people do not know that lem