River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1911-12-28
Economies Have Effected Cut
in Expenses of Various
Departments.
MONETARY REFORM IMPORTANT
President Hopes 1t Will Not Be Made
Subject of Party Politics-Sur-
plus In Postal Department
Attention Called to Canal
Matters-Postal Savings.

rency reform are the subject of a spe-
cial message to congress, which reads
n part as follows:
The financial condition of the govern
ment, as shown at the close of the last
fiscal year. June 30, 1911, was very salts
factory. The ordinary receipts into the
general fund, excluding postal revenues,
amounted to s7O1, 372,S7499, and the dis
bursements from the general fund for
current expenses and capital OUTLAWS. ex-
GLIDING postal and Panama Canal dis
bursements, including the interest on the
public debt, amounted to 1854, 377, 907. 8S,
leaving a surplus of s47,234, 377.10.
The postal revenue receipts amounted
to 1921, 1873, S2S 60, while the payments made
for the postal service from the postal
revenues amounted to $237 $50. 05.48, which
left surplus Of postal receipts over dis
bursements of s219 1872, the first time in
years in which a surplus occurred.
The interest bearing debt of the United
States June 30, 1911 amounted to $915,-
S53, 190 Teh debt on which interest had
ceased amounted to 81. ,S90.26. and the
debt bearing no interest, including green
backs, national bank notes to be redeem
ed and fractional currency, amounted to
1886, 751, 91743, or a total of interest and
non-interest bearing debt amounting to
s, 300, 1884, 937.69.
The actual disbursements, exclusive of
those for the Panama Canal and for the
postal service for the year ending June
3D. 1911, were 1854, 1871, 997S9 The actual
disbursements for the year ending June
3d. 1910, exclusive of the Panama Canal
and the postal service disbursements,
were 1858, 705, .08, making a decrease of
S5,567, 1884, 10 in yearly expenditures in the
year 1911 under that of 1870 For the year
ending June 30, 1872 the estimated re-
ceipts, exclusive of the postal revenues,
rrIafI- AAkp Il N-kfN nfA1
exclusive of those for the Panama pay
able from the postal revenues, amounted
to 1854, S42, 1894. This Is a decrease in the
1912 estimates Of Sf,5A, 1922.
For the year ending June 30, 1913, the
estimated receipts, exclusive of the pos
tai revenues, are $667 100000, while the
total estimated appropriations, exclusive
of the Panama Canal and postal dis
easements payable from postal revenues,
will amount to $685., 1920, S0335 This is a
decrease in the 1913 estimates from that
OF the 1912 estimates Of 1892, 1850.
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 $260,93S,-
1853; but 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 de-
partment like the post office department,
which relies for it's support upon it's re-
ceipts. In calculations heretofore made
for comparison of economy in each year,
1t has been the proper custom only to
include in the statement the deficit in the
daTNo vfrtae 1fF moi
of the treasury
A 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 number of years shows normal
Increase of about 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 134 positions during the
coming year. Two hundred and sixty
seven statutory positions were eliminated
during the last year in the office of the
IN the year 1910, making an elimination
IF 542 statutory positions since March A.
1909; and this has been done without the
discharge of anybody, because the nor
NAL designations and deaths have been
equal to the elimination of the places, a
system of transfers having taken care
of the persons whose positions were
dropped out. In the field service of the
department, too, 1883 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 it's monetary commission.
This commission was appointed to rec
ommend 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 its 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-
The recognition of the gross imperfec-
lions and marked inadequacy of our
banking and currency system even in our
moss 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 penic. Though
the methods of the monetary commission
have for considerable time been work
ing 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
of monetary reform, urge prompt consid-
Grafton and action VIXEN 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 profess
>~-~-o.~~~~-~~O>-~.~~~~~~~
Furniture Polish.
Many people do not know that lem
on oil is the basis of all fine fur
niture poliShes small hottie Of