Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1911-12-18
State Banks Must Hafe Ad-
vantages National Banks
Have; National Banks Must
Have Like Advantages.
APPEALS FOR REFORM
OF PRESENT CONDITIONS
Secretary Of Treasury in An
nual Report Hopes Congress
VIII Remodel Some Of Ex-
isting Tariff Schedules.

listing Tariff Schedules.
sns Gssaiae fxsraia A. a. aessea wsre)
Washington, Dec. IS.--tAppeais for
the immediate reform OF the country's
banking and curroacy system and
scieutilic tariff legIslasl0n. based up
on entirely new reasons-the practice
al experiences of the customs service
stand out prominently In the annual
report of Secretary ~ tho Treasury
MacVeaRh. submitted 10 congress to-
day. This statement OF the nations
finances bristIos with urgent suxaes-
tlons for corrective financial laws.
enacted IN the light Of the lamp OF
experience"
The secretary OF the Treasury fore
secs. according 10 the estimate oi en-
perte. a surplus In the treasury az the
end of the fiscal year 1918 ol about
$50 0OU0. .0O0 exclusive os expenditures
on tho Panama canal Including the
estimated canal disbursements. how.
ever, the treasury will face deficit
% approximately sfS.000.000. The
total estimates OF expenditures ter
next year. exclusive OF the Panama
canal and the postal service. payable
ANNaNA IHFHtat NNNNMuNG NV <|llN I.M'snNu
The estimates OF receipts available
for the general fund are tda7 .e00.000.
The eaiimatos for the construction of
the Panama canal during the next
year are ti7 7,edS.76o. making a grand
total OF estimated expenditures OF
SsS5. 1874. .5G3.
with all the prclimInarlcs for re-
visin& tho financial syetesn accom-
piished. Mf. Macveash declares there
" no reaeon 70 postpone action,
Tho tentative plan Of the National
Monttstfy 6oiuniihHi0n. outlined BY sts
chairman. former senator Aldrich. he
says eailafies In It's essentials tho
larger pa1 of the expert opinion of
the nation and II supported by the
business men The secretary pledges
the ADMINISTRATION 20 do It's part In
keeping this financial issue wholly
non partisan. believing that the ro-
suit should be- the product of both
parties.
In the contemplated reorganization
Of the financial structure. Mr.. Mac.
veagh emphasizes the absolute need
os prohibiting all banks. national ana
state. from holding stocks IN other
banks. as n safeguard against any
possible formation Of a much feared
money trust" In the future. lie urges
equality OF national and state hanks
In doing trust company and saving
bank business.
we must provide. and without
reservation" he declares, -for a per.
feet equality Of privileges and oppor-
tunity between national and state
banks. state hanks must have every
easan.sse has'"na' psnhs nasc, ~"
na a.'a nann' 'nn nsse '..'y ~. ~
~ ~senss.e .a'o Da"hs nav. s"u ,n's
.t. cn ~, "s e,Aneu uh'.ss
naelona, ann s'a'" panns "'v on Wy
haaS, | ~ 'r M aan s.'n.' ams
n"s ,aann IN" 40 :" '"''"ss "a"A ''"s'
'"Is. =. 4. ...,.a.,. 49,. .
ne ~, " ,"a'.s"-s.'' a''s'' ..'..,' We. ~.
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as .s.,p ~, - 'e .1.,,, ~ a,s .s,s,' \, 80 ~
s.sse s. ~ sns .'."s ~ IVA r''.r !" sns
should not fhii 90 conc'us'Vciy sorpia
sach . ownsTship Ihere y ng 'n'nie. '..
",s,' s',, uIs " ~ @ app's" A. ~ 49, ''".,' ~
snsn M no,u'"ss, W. uns ~" ~, ~ ny s''ne :"
nS n''s as ss ..s,s,as,,.. ."s u .so ssr"u n..
snse ~ ~, ','.".ss y. W e"s oe"ns,
s..e, ss,S.ns, A. - ~ s,.,ra,,,n ~.i 80 =, ~.
dna % ~nnsh,"s,,ons ana s, ,r.s,s " res ~
49,. 49, ss's,i.'.. 1890 ",,s.s, 80
~ ,1sss ~ ',,,.i ,s.iS ~ - iesssx o,..,s %
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,.'.,.eii. ,Ss ,o.aasrs,,nn - -
hsnrinS nnwar in she hanaa cf sne
se.w-..a 1cnneasirasion u,btch ,,r,,n, ,,,,.
uresen, scste.n n ,uexlfahle n, she
,nere nonrstion m s,n@nriml evol,,, la :,
Tha new hanh,ng aveism. she sec-
resary of ne tressurs ayers must