New-York tribune., 1911-12-22


increase in the enlisted strength Of the
navy and other legislative and govern
mental reforms. President Taft sent an
other strong message to Congress to-day.
The President gives his Endorsement 10
the Aldrich plan for a national reserve as
socistion. lie also treats intolligently OF
Panama Canal tolls. and heartily advocates
increased appropriations for the principal
Waterways Of tho country.
Wr. Taft's recommendation regarding tho
creation OF a parcels post IS one OF the most
important OF the many contained in his
message. The President refers to the op-
position In some quarters that has met the
rroposod creation Of n parcels post and
adds:
1t is hoped that Congress VIII authorize
the immediate establishment OF a limited
parcels post on such routes as may he Sc
lacted. The suggestion that VIC have
general post has awakened great opposition
on the part OF some. who think that it will
have tho eject TO destroy the business Of
The country storckecper. Instead OF doins
tbis think the change viii greatly in
crease business for the benefit of all The
reduction i'm the cost of living 1t VIII oiils
about ought 20 make its coming certain
The President recommends mlhlaiE
form Of government {or the Canai Hone
and that the power OF hXipg the cdhdi 'ollS
10 lodged with the Executive, at least untI
II is determined by experience Whdt Is Hh
.quitabIe toll. The President supports the
plan OF secretary Meyer to aoohsh '"o
smaller navy yards. 10 also approves
secretary Meyers efforts for the unlhca''on
of the staff corps of the navy ana nc
comes out strongly for d council OF ndlloha'
defence. bill to create which has already
been introduced.
Tne text OF the message follows:
10 the Senate and House OF Representa-
TSn financial condition Of the govern,
-, "a. SNOW. st the close OF the lssI
fiscal year, June 90, i9ll, was NelS s"tS
factory. 1he ordinary ',gyp,' ,arcnues.
Leuersl fund, excluding postdi lUlS,,u.c'
srnounteq 10 S10l 81, ,jIi -. ana the dlsDuiSC,
ments from the general lGho i"I Iitdinr ITti
rxpenseS ana capital out'dES, tNt.t7 tNtluuit,7
uortal and Panama Canal dlsburSemSHlS'
,nrtuding the interest on the puDAc otDP
amounted 70 $6jll2G@i ", leaNhs S"i
pius OF SlGl345O 10. ......,,..,oa IN
go go ~ s0. phile the payments made Tor
tna Tostal service from the postal revenues
amounted 10 S23het9,io' -, NhCa Ielt q SUI! 81!
plus of postal receipts over oiSoui ',lCiIS, .l,
or Sel911S12, the first time ih l"Ch'! -A0'0"
wears in which a surplus occurred ..,
Tho interest- bearing debt OF the Jmted
States June 90, l@ii amounted 70 f5io.'yo,t
1q0 The dc bt on which interest had ceased
amounted 10 $l,S19S30 %, ana the oeDt pear
ing no Interest, including greenoacks' nd
tiCual bank notes 10 be redeemed, ana lC lIdC
tlonsl currency. amounted 70 SiSo'''I'Si' lo'
or > total Of interest and non-irtereSJ pear
INK debt amounting TO $,5oS,9Si961 g.
The actual disbursements, exclusive OF
those fuY tho Panama Canal ana lot 'me
rcstsl service for the year ending June do'
iqll, were Se5i1S1,99I So Tie actual dls-
hu~semcnts for the year cnoluS juno ~
1910 exclusive OF the Panama Canai ana tlte
posta1 service disbursements were $685. io9.-
Sq1 0S making a decrease OF N3,Jot."S' ~ III
yearly expenditure in the year lslI uI'uSI moe
that Of 1910 For the year ending June op,
1912, the estimated receipts exclusive, or
the postal revenues, are HohNN"Wp' "Illt
The total estimates, exclusive OF those ior
the Panama Canal and the postal cNpendl-
t,,ras payable from the postal revenue,
amount 10 S6ij. Si2 100 81 This is decrease
i'm the 1872 estimates from that or the lSll
Fer t6c Year ending June 20, 1913, the cs-
firuatcd receipts. exclusive or the poslal
revenues are $e51.0lo0'o while the total cs-
tirnated appropriations exclusive Oi tne
pavabIe from postal revenues, viii amount
~ S,31. 900 S03 So This il a decrease IN the
1913 estimates from that ot the III csu-
mates OF 1921 49, 90
As 10 the postal revenues. the expansion
~ tho business I'm that department. the nor
nal Increase in the Postofice and the eX-
tension
Law TO the sum of $3.50 92S 463; but ~ the de-
u4rtment was self-sustaiuin2 his year the
TostuastCr General Is assured that next
Near the receipts VIII ~ lcdSt equal me
hy more than tho surplus - this ear. II
is falr and equitable therefore. i'm deter
mining thc economy with which the govern
ment has been run. So exclude the tansac-
lions of department like the PoStOihCo
department. which relies Tor its support
up5n its receipts lu calculations hereto
-fuS sf GOO, Ia
each wear it has been the proper custom
only 10 include in tho statement the deficit
~ Tho Postofice Department which was
psi6 out of Ia" Treasury.
= calculation 81 the actual increase IN
tho expenses of government arising from
the increase IN the population ano the e n
eral expansion Of gSyeT99m,ent,ai u, 6unGtiGnT.
90 y.srs shows normal increase Of about
per cent wear. Ry directing the cNer-
else of great care 70 keen down the cS-
81 IN reducing tho total disbursements each
wear.
Credit Of United States Hiqh.
Tho credit OF this government was shown
20 he better than that or any other gov
ornment bv tho sale of tho Panama Canal
: per cent bonds. These bonds id not
cive their owners tho privilege OF using
them 90 = basis for banknote circulation.
nor vas there auf other privilege extended
20 them which would affect their general
ursd The credit ot the government The
uremiUn which was realized upon the
bonds made tho actual interest rate Of
The Transaction 1900 per cent.
In the Treasury Department the off
Citncv and economy work has been kept
steadily up. Provision Is made for the
elimination OF iai positions during the
coming year Two hundred and sixty
sevcn STATUTORY positions We're eliminated
during the last year iu tho Office of the
Treasury in Washington. and lA positions
in the year 1910 making an elimination OF
, so statutory positions since March :. 1909;
and this has been done without the dis
charge of anybody. because tho normal
destinations and deaths have been cqnal
10 inc elimination ~ the place, a system
of transfers having taken care Of tho per
sons U hose positions were dropped out. I'm
tho fold service OF IN" oer&rtmcpt, 100.
90 positions have been eliminated down
20 tho present time making % total net
reductiou Of a'i Treasury positions 10 The
uu'rher OF 7 sol. Meantime the efficiency
o' The work of the department has i'm
Monetary Reform Urned.
4 matter of FIRST importsnc" that will
como before Congress for action at this
ressi0n is monetary reform The Con-
Cr.ss has itself arranged am carly intro
NUciiOp Of ihis great question through the
report Of as Monetary Commission. This
Commiss sion wss appointed 90 recommend
= solution Of tho banking and currency
problems 30 long confronting the nation
9pd to furnish the facts and data ueces-
sary 10 enable Tho Congress 90 take ac-
tiop Tho commission was appointed when
an impressive and urgent popular demand
for legislative relief suddenly arose ont
~ the distressing situation of the people
c4usod by tho deplorsble panic NJ 1907. Tho
Congress decided that while n could not
give Immediately tie relief required. II
would provide = commission 10 furnish the
runsus FOR prompt action ~ later date.
In order 20 do it's work with thorough
nese snd pr4cjsion this commission has
taken some lime 10 make lie report. The
c6untrv IL undoubtedlv hoping for rs
rrornpt action on the report as the con-
.l-..,. II ano lnngTfAs lan unrmit