The Calhoun chronicle. [volume] (Grantsville, W. Va.) 1883-1984, 1911-12-12


their claim for greater recogni-
ton next year, and if there is
one thing upon which there is no
division of opinion among the
House majority leaders, it is the
determination to make the COM
ing session memorable for it's
business like administration of
the vast government machinery.
That the Republican cabinet
members realize that there will
be no chance for unmerited ex-
penditures is indicated by the
fact that the greatest care is be-
ing given TO the preparation of
estimates. The interior depart
ment will ask for million and
a half less than was called for
last year. The navy department.
it is announced, will ask for two
millions less, and similar savings
will be effected in other depart
ments This saving is in the es.
Inmates alone. and by the time
the Appropriations committee
gets through with its pruning
work the probabilities are that
the saving will be still further
increased, while the efficiency of
the government business will
not be decreased in the slightest
degree.
The Democrats, in short, are
out to make a record as business
men.
Congress to be Educated.
The big financial interests
which have their headquarters in
Wall Street have reached the
conclusion that it will be worth
one million dollars to put the
Aldrich banking plan through
Congress. ~
An organization, known as the
National Citizens League for
the Promotion of a Sound Bank
ing System" has been formed,
and the wo rk of raising funds
already is under waySin all the
big cities of the country. ~
Just how the money will be
used to put the bill through"
has not been made clear. In
Philadelphia the funds, as soon
as they are collected, are being
deposited in the dGirard Trust
company bank, and to the bank
ers who subscribed it was ex-
planned that pressure would be
brought to bear on the members
of Congress.
=" HOW LONG. p,
How long must the people con.
tinue to pay express companies
profit Of 40 per cent a year on
money that is not invested in the
express business, and that ex-
lists in blue air only?
This is question that the PEG
pie desire answered. and one
that they are beginning to be-
come impatient about, judging
from the ever increasingfiumber
of communications on this sub
ject that are being received by
members Of Congress.
Express companies ought to be
permitted to make a good liberal
rate of interest on money actually
invested, writes an Iowa man to
his Congressman. 1.-THE thing
that arouses our disgust is that
the government permits the ex-
press companies to extort a profit
of from % to so per cent on a
capitalization that is two-thirds
water. Iwould like to see a par
cells post. If we cannot have a
complete system, why can't we
at least have a limited parcels
post to start with, effective only
between towns and cities and the
surrounding country? Such a
limited system would help rather
than injure the business of the
retailers. Think it over. The
Interstate Commerce Commits
sion's report shows that the net
income from the express COM
panies' operation is $1,000, coo.
and on their own valuation of
.$27, 100000, theirproft is shown
to be approximately 40per. rcent.
1t is know that Tire actual value
of the express companies equip.
ment is less than .one-ba1f of
what fhov aIfo6,o oh -'fb.S4iA fLo;,.