The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1912-12-09
Il Deals with Fiscal, Military,
InsuIar and Judicial Affairs
Of Nation
MONEY CONDITIONS ARE GOOD
Plans for Reorganization Of the
Army Explained.
FILIPINO BILL CONDEMNED

ers Are Far From Ready for Self
ACKNOWLEDGEMENTS Of Water
Power Site Projects Urgsd--Pro
noting Of Colonel costhaIs Recon-.
nended.
Washington, Dec o.-Congress 70
day received from President TAFT the
second Of his messages to the short
session. II deals with fiscal, military
insular and Judicial affairs and in
part is as follows:
The condition Of the country with
reference 70 business could hardly be
better While the four years Of the
administration now drawing to a close
have not developed great speculative
expansion or a wide field Of new In
vestmert. the recovery and progress
made from the depressing conditions
following the panic OF 1907 have been
steady and the improvement has been
clear and easily traced IN the statis
tics The business OF the country is
nov on a solid basis. Credits are not
unduly extended and every phase Of
the situation seems in state OF pre-
paredness for a period OF unexampled
prosperity Manufacturing concerns
are running at their fun capacity and
the demand for labor was never so
constant and growing The foreign
trade OF the count y for this year will
exceed 4,0OO,OOo,00O, while the bal.
ance IN our savor-that OF the excess
Of exports over imports-will exceed
S500,00e000 More than half our ex-
ports are manufactures or partly
manufactured material while our ex.
ports Of farm products do not show
the same increase Of domestic con.
sumption. II Is a year Of bumper
crops; the total money value Of farm
products win exceed $500 600 900.
It is year when the bushel or unit
price OF agricultural products has
gradually fallen. and yet the total
value Of the entire crop Is greater BY
over $1,000 100000 than we have
known in our history.
Condition Of the Treasury.
The condition OF the treasury IS
very satisfactory The total interest
bearing debt is sse3.777.77O. Of which
sls4,eS1 $50 constitute the Panama !
canal loan. The noninterest-bearing
debt is ss7s,S01 .2s4s0. including
sS46 671016 Of greenbaeks. We have
IN the treasury 50,O00,OO0 in gold
coin as reserve against the out.
standing greenbacks; and in addition
we have cash balance in the treas.
nry as a general fund Of si67, 7,l52. 47s..
90 or an increase Of s26 s75.552 over
the general fund last year.
For three years the expenditures
Of the government have decreased
under the influence Of an effort to
economize. This year presents an ap-
parent exception. The estimate BY
the secretary Of the treasury OF the
o,dinary receipts. exclusive Of postal
revenues, for the year ending June
80, 1914, indicates that they viii
amount TO s7lo000,0 600. The sum OF
the estimates Of the expenditures for +
that same year. exclusive Of Panama
canal disbursements and postal DIS
bursements payable from postal
revenues. is 1892 100000. indicating
deficit ct s22O00.000. For the year
ending June 80. 1918, similarly esti.
mated receipts were 1867 900, 900.
while the total corresponding esti-
mate Of expenditures for that year
submitted through the secretary OF
the treasury to congress. amounted
TO s656 900 600 This shows an IN.
crease Of $4,000 900 In the estimates
for 1914 over the total estimates OF
1918 This is due to an increase OF
s25,O0O,00 in the estimate for rivers
and harbors for the next year on
projects and surveys authorized by
congress. 10 an increase Under the
new pension BIZ OF sSe 500 600. and
to an increase IN the estimates for
expenses Of the navy department Of
s24 000 000 The estimate FOR the
navy department for the ysar 1919
included two baftIeships. Congress
made provision for only one battle.
ship and therefore the navy depart
ment has deemed It necessary and
proper TO make an estimate which in.
cludes the first years expenditure for
three battleshlps IN addition to the
amount required for work on the un-
completed ships nov under eonstrnc.
ton IN addition to The natural in.
crease n the expenditures Tor the IN.
completed ships and the additional
bsttleship estimated for. the other In.
cfeases are due to the pay required
for 1000 Or more additional enlisted
men III the navy and to this must be
added the additlonal c9st Of constmc.
iion iHpOsed BY the change In the |
elghthour law which makes # ap.
pllcabla to ships built In private ship.
yards
with the exceptions Of these three
ITEMS the estlmates show a reduction
this year beloW the total estimates Tor
1918 Of ulofe than ss.oooo00.
1he estimates fof Panama eaAsl