The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-04
l1VUAL REPORT OF
4 SECRETARY NJ 'ADO0
lad of Treasury Department
Reviews Operations of the
Past Year.
CLIMATES REVENUES
el;eves Ordinary Receipts
for 1915 Will Exceed Dis
bursements by Millions.
ST1MATES REVENUES

WASHINGTON. Dec. Secretary
eAdoo e first report to congress, de-
rered today. is largely confined TO
view of The achievements OF the treas
b department in matters that have
Ien Of nation wide interest; to recon
bpdatiops for increased appropria-
bns for bureaus under his authority,
Ia fo- legislation which he declares
ressary to the better conduct Of the
rernmeut and the protection OF the
pple.
The secretary discusses at some length
b subject of currency legislation, re-
bwing the activities in bis department
bted 10 it. He speaks Of an unrest
Nbusiness circles following the be-
Nnipg Of the special session OF con
lFsin April, refers to a propaganda
Mcss,mism which, designedly or not,
Nduced a condition OF extreme ner-
6usness and tension and points to
B announcement in June that the
teasury was ready 10 issue $500.000,O00
Emergency currency under the Aid
Ich-Yreeland act TO prevent restric
Ion of credits and 10 ease any situa-
Ion.
.oan to Banks.
Mr., McAdoo details the treasury IS
fer 10 loan to banks of the country
bonev 10 move the fall crops. The sum
z S46.500,000 out of the S50,000,0OO
Minated TO be needed, was apportioned
mong the states.
OF the new tarif act Secretary Nc
kdoo SAYS il has not been in force
-uffjcient length Of time to make pos
lble an accurate estimate Of its ulti-
fate revenue producing powers.
Tho present oicomargarine law 1s de-
Jared TO be unsatisfactory, and the
oyerDment is said TO lose more taxes
yom Illicit practices In oleomargarine
M>through moonsbine stills. The diff
t.ce in the tax on colored and un
( sred "oleo'' is held responsible for
n loss, aud congress is asked to I'M
ose flat nominal tax without any
fference for color, with provision for
idividual stamped or original pack
kes OF certain sizes adequately marked
I'D safeguarded. The law governing
he sale Of adulterated butter is de-
hred TO have brought about unfortu"
hte conditions through the difficulty
< it's just enforcement.
recommendations.
( Among his principal recommendation
congress the secretary placed the
Enlargement Of the public health
ervice and closer cooperation with
ate authorities TO prevent and stamp
ut cpldemics o2 disease.
|bulldlng of four revenue cutters, for
bed of which. the secretary points out,
be service is seriously crippled.
| |Consolidation OF the revenue cutter
pd Gfe.saving services into one or
pizatiou to be known as the coast
@rd. Such a consolidation, the sec
etarv says. would increase tho eff.
lency of each service with the idea
dBf the new coast guard should be
ome 2 first naval reserve in time of
g1r, The increase in cost would bc
bout 100000, In that connection the
ecretary also recommends passage Of
eeislation for the retirement Of life
AFers on pension, aud declares that
Mess some such measure is made law,
ne efficiency of the service Will he
Impaired, and it viii become increas
pgy difficult 10 obtain good men. He
ives point 10 his argument by showing
nat the revenue cutter and life-saying
erylces saved it23 lives in 1919 and
nlyaged property worth more than
$1,000, 900.
Interest," on Deposits.
frhe report refers TO the requirement
mt banks which held government de-
pSts made April 80. 1912, pay interest
per cent. declaring that it means
\ annual revenue OF $4,000 900 TO the
pvernmeut, and showing that If such
Regulation had been made ip 1897.
he government would now have re-
flyed IN interest more than $50 900, 600.
IThe income tax is now dwelt upon at
ngth, hut the report estimates that
$1,000 individuals are subject TO it and
lat cupora tIons not heretofore subject
tax will number about 10000
international action 20 prevent such
sasters Mt sea as resulted in the
hiking Of the Titanic is urged.
Speaking of scientific research by the
hblic health service the report saws:
fEOn account Of the announcements
discoveries Of alleged cures for tu-
erculosis and their bearing on publir
palth, important Investigations of
Ne Friedman treatment were suff.
emily advanced by MAY l6, 1913, TO
lstifv report that the observations
hde mp 10 that time did not warrant
Ne confidence in the remedy which had
lpen inspired by widespread publicity.
bhis investigation is being continued.
are also studies OF other prepara.
pms claimed as cures
stimate of Revenues.
o'Secretary McAdoo estimates that the
Venues for the fiscal year, exclusive
n postoffice receipts, will be $72S,000,-
70, only S2.000,000 less than the esti-
Rtes for the fiscal year 1914, To
I; IKE that total he expects the customs
pring in S249, 100000; ordinary in.
ma revenue, $315.000, 900, and the in
me tax, S105 100000, Of which $40
u'oo0 ie to come from corporations,
"s remainder from individuals,
ne expresses the belief that the ordi-
receipts for 1915 will exceed the
N1DurBemeuts snffioiapfl,- +o r,,, -