The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-02-27
4 SUBMITS
BUDGET SYSTEM
sIuel, Discussed Message Is
Sent to Congress by
3 President.
5FoRsEEs MANY BENEFITS
United States Only Great Coun-
try Which Does Not Use
Proposed Plan.
.FoRsEEs MANY BENEFITS

4 Washington. February @6-fr esident
Taft to-day sent TO Congress his much
discussed budget message He re-
commended the adoption OF . budget
system OF relating proposed eNpendi-
lures to expected revenues. and de-
clared that Congress would be greatly
bencftcd by having before ii such a
statement before ii began The annual
grind upon appropriation bills. The
United states. the President wrote. was
The only sreat nation in the world
which did not use the tudsct system.
hapS in cons QuenCc il may be said
10 De without plan OF program He
Indicated that OWNS to the late day
=. Which ho MAS able IL transmit his
1sessaso n expected little legislation
% the topil from the present Con
rresS
takes r'uli Responsibility.
TRe President tools Cuil responsible
~ TOY tae message Upon himself Con-
sgess in the last sundry civil bill Ill
sected this Secretary Of tho Treasury
I, submit estimates ilcrca ftcr in She
sfS NAY Mv. Taft pointed out. how
eTer. that ne had directed the Score
ssrS ot the Treasury ia agree with
Shs directions % Congress and also
"a sspd l. hir information for 4 bud
ssI message lie referred Congress
ass 70 the portion az the Constitution
Which requires him from time II time
IL recommend such measures as he
SHALL deem necessary and cxpedient.
Some of ,he ADVANTAGES of the bud
get system painted out by the
PRESIDENT were:
a means Of locating responsibility
for estimates in Keeping with rev.
MUGS.
:, means of allowing Congress TO sec
/ bow much gross it viii have TO spend
before il begins appropriatinG for each
Department OF detail OF government
p,achincry.
Because it would furnish Congress
s and the public with ready reference
to reports ana detailed records OF ac-
count.
Because it would produce an ade-
quntc organization for assembling
| classifying information 10 bc used in
telling tho country what has been
done and of the governments future
needs.
To aid in working with II we'll do
fined purpose i'm many bureaus hither-
tn organized. hut directed under an in
consistent and iil-dchncd program
TO cancel the nations debt, through
y sinking fund ana TO eliminate the
/ deficit which, is slowly growing.
Ills l'roposalS.
TO carry out the budget plan. To
reduce the deficit ana the fixed
charges against the government the
President proposed:
To create "a sinking fund commits
+ sion TO consist Of the chairman of the
IS Finance Committee Of the Senate; the
chairman of the House Ways and
Means Committee: the Attorney Gen
s eral and the Secretary Of the Treas
| ury, with the Comptroller of the Treas
ury as annual auditor OF the SINKING;
fund account. Legislation which would
4 wipe out the national debt in twenty
years after July |, 1914. Congress
should set aside $1,000. 900 annually
for that purpose. That would be
s15,0oe.Ooo Il year less than the pres
ent amount required by law. THAT
fund should be invested in s per cent
4 government bonds. and in twenty
years the $i,1io.o00, goo debt Tho
= President says. would he retired.
The adoption of a definite theory is
recommended for future proposals foI
internal improvements. so that suci
( Improvements would be in accord witt
ID "a we'll thought out plan. In that con
nection tn" President suggested tn,
saving of the rent paid in Washington
for buildings used lay the government