The Green Forest tribune., 1911-12-29
Fl STRONG FOR
 'VRRENCY REFORM
Sends Special Mes \ Congress on Ma
 s Finances.
lPENsEs IS SHOWN
Department Shows Surplus fist Time in 27 Years fes Monetary Reform Will lot Be Made Party Issue -tlrQes Parcel Post.

@------~-
 n.-President Taft sent age to congress dealing
 ces of the country. The
 1t follows:
 Ondition of the govern
 t the close of the last
 : 1911, was very satis-
 lary receipts into the
 nding postal revenues,
 372374.99, and the dis
 .J the general fund for Ases and capital outlays, ex- ,stal and Panama Canal dis $, including the interest on the bt, amounted to $654, ,377, ,907. .S9, x .r@ surplus of s47,234,s77.1o.
 5stal revenue receipts amounted gi9, S2S.60, while the payments made .4e postal service from the postal eenues amounted to S237, ,660, 705. AS, which 1t surplus of postal receipts over dis srsements of s219, 118.12, the first time in years in which a surplus occurred he interest-bearing debt of the United ates June 30. 1911, amounted to $915,- 3,190. Teh debt on which interest had ased amounted to s1,S7o, ,s30.26, and the 1t bearing no interest. including green ks. national bank notes to be redeem Aod fractional currency, amounted to '1,917.43. or a total of interest and terest bearing debt amounting to ,937 69
 tual disbursements, exclusive of he Panama Canal and for the Fe for the year ending June
 A5554, 137, ,997.S9. The actual
 the year ending June
 tof the Panama Canal
 ervice disbursements,
 making decrease of
 farly expenditures In the that of 1910 For the year %, 1912 the estimated re- five Of the postal revenues, 70, while the total estimates, @ Of those for the Panama pay st4 Jm the postal revenues. amounted ya.o4, ,S42 799. .34 This is a decrease in the E2 estimates of s1.5343 367.22.
 For the year ending June 80. 1913 the estimated receipts, exclusive of the pos al revenues, are s667 O00,000, while the otal estimated appropriations, exclusive ae Panama Canal and postal dis 4ents payable from postal revenues, qodnt to $637, ,920, ,S03. .35 This is a in the 1913 estimates from that estimates of $7,921, ,995.9s.
 postal revenues, the expan- Ysiness In that department, hcrease in the post office sion of the service, will in itlay to the sum of $260 93S,- the department was self-sus- year the postmaster general d that next year the receipts least equal the expenditures, and v exceed them by more than the f this year. It Is fair and equit- fefore, In determining the econ which the government has been iclude the transactions of a de- like the post office department, fs for It's support upon its re- calculations heretofore made on of economy in each year, the proper custom only to et"tement the deficit in the
 iment which was paid out
 department the efficien-
 Iy work has been kept
 irovision is made for the tlsae4oi O. 134 positions during the Ing year. Two hundred and sixty ven statutory positions were eliminated ring the last year in the office of the hasury in Washington, and Al positions the year 1910, making an elimination 542 statutory positions since March 4. g: and this has been done without the scharge of anybody, because the nor al resignations and deaths have been 4ual to the elimination of the places, a gstem of transfers having taken care i the persons whose positions were hpped out. In the field service of the tsartment, too. 1,259 positions have been Ninated down to the present time, ma D total net reduction of all treasury pns to the number of 1891. Mean the efficiency of the work of the nent has increased.
 Monetary Reform.
 Yer of first importance that will ore congress for action at this Nmonetary reform. The con tself arranged an early intro This great question through its monetary commission sion was appointed to rec lolutfon of the banking and 5biems so long confronting nd to furnish the facts and Try to enable the congress 'on,,
 its work with thorough
 ion this commission has
 to make it's report The oubtedly hoping for
 a. the report as the con
 congress can permit
 of the gross imperfec-
 ed tnadequacy of our
 frency system even In our
 lncial periods is of long
 later there has matured
 the fact that our system for the extraordinary de-
 3 and business paralysis
 periods of panic. Though
 the monetary commission erfe asiderable time been work T.le op. n, and while large numbers people have been openly working hem, and while the press has large led and discussed this work as 1t proceeded, so that the report of the lission promises to represent a na- movement. the details of the re- are still being considered I can erefore do much more at this time mend the immense importance fy reform, urge prompt consid- >scIent In Ills Day,