Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1911-12-28
President Sends Special Mes
sage to Congress on Ma
tons Finances.
CUT IN EXPENSES is SHOWN
Psstosnee Department shows Surplus
Cor First Time In n Years
Hopes Monetary Reform VIII
Not Be Made Party Issue
--Urpss Parcel Post

wnnditlon Of the treasury, needed bank
Nd ana currency reform and depart
mental questions was read to congress
Npday. The message follows:
The financial condition Of the gov
ernment, a. shown at the close OF the
Hast fiscal year, June 80, 1911. was
lery satisfactory. The ordinary re-
asipts into the general fund, exclud-
ing postal revenues. amounted to $7Ol'-
NT2. 374.99, and the disbursements from
the general fund for current expenses
and capital outlays, excluding postal
md Panama Canal disbursements, IN
niuding the interest on the public
debt, amounted to $654,37. 9O7.SS, leav'
Ing q surplus Of S47,2S4,37710.
The postal revenue receipts amount
Cd to S7.S70,S2S.6O. while the pay
ments made for the postal service
from the postal revenues amounted to
R2S7, $3.50, 7O5.49, which left a surplus
Of postal receipts over disbursements
Of 1919, 1872, the first time In ~
years In which surplus occurred.
The interest bearing debt OF the
United States June 80, 1911, amounted
% S916,35s,19O. The debt on which
interest had ceased amounted to w.
R7O .03O. 20, and the debt bearing no In
tsrest, including greenbacks, national
hank notes to be redeemed, and frac-
klonal currency, amounted to 1886, 76l,-
ni7.43, or a total Of interest and non
interest bearing debt amounting to
Rl.sOS,SS4.SsZ6s.
shows Cut In Expenses.
the actual disbursements exclusive
q those for the Panama Canal and for
ahe postal service for the year ending
June 80, 1911, were 1854, 1877, 9S7.SS.
The actual disbursements for the year
ending June 30, 1910, exclusive Of the
Panama Canal and the postal service
disbursements, were 1858, 6,Ssl.OS,
making decrease of S5,567, 393.19 In
yearly expenditures In the year 1911
}. under that OF 1910. For the year end
Nag June 80, 1919, the estimated re-
Ia. ownl,,ui,,n ~ tho noatal rev.
n .ra eese mn ooo while the total
estimates, exclusive Of those for the
panama Canal and the postal expendi'
.os pH.@ - eeik olo 700 "a
nues, ' ~ 1910 aati.
nates Of S1,bS4.S67.22.
For the year enoinS june ~. i'io:
Nhe Estimated receipts excluslvs ~ VI
the postal revenues. are sOohVVV'ovO'
while the total estimated appfOpli%
tiOns, exclusive OF the Panama CGnal
and postal disbursements payable lao.n
postal revenues, VIII amount 10 $ooh
D2o,S0S.S5. This Is decrease IN tne
Asl3 estimates rom tnAt Vi 'ne i'iN
estimates Of $7.S2l.ssO'SS'
Az to the postal revenues the ex'
pansion OF the business In that de-
partment, the normal increase IN the
post once and the extension OF the
service, will increase the outlay to
4he sum Of 6O,SSS,46S; but as the
department was self-sustaining this
year the postmaster general is assured
mat next year the receipts will at least
equal the expenditures, and probably
exceed them BY more than the sur
Plus Of this year. 1t Is fair and eQui,a,
PIE tnereIV ,.e u Az nnuarnmsnt
economy WIN wnlcn ,, .Ss ~. SU transac.
~ Deen run, y sAo..uS ,,,' Az No,
Mons OF . oepa . a0S,ss " - o. s ,.s
omce uepais pay. ~ .' ~n4 II csIc,,ls.
support upon l' .eeo'p ~. .a,nnsr,scr
lions nere'Oiois maui W =. ~ 49,
q economy N eaon y :. ,no,,,a" IN
ne proper custom vIu ~ a. ~ 80, :,
me sta.enen' inc uenS', -. , n.Ia p ~,
once department "n''u was pA-u ON'
o. me .reasuIy 49,. ...,,., ,Do,a...
a CALCULATION =, sne $3.50 -. S-, .ls.
N ne eApenses =, s !" -. non,,s,,nn o
~ 80. 49,. svrans,nn ~ vovarn.
.sa,si ,,nct,ons ercept those of the
-, amcs tor . number Of years
80, noymsI increase OF about
- cent a wear By directing the ex
.-r,ss ~ great care to keep down the
~~nensea and the estimates we have
~uceeeded IN reducing the total die