Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1913-01-03

noting Of Colonel ooethaIs Recon-
mended.
Washington. Dec. 6.-Congress to
Gay 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 to business could hardly be
better. While the four years Of the
Administration now drawing to close
have not developed great speculative
expansion or a wide field OF new in
vestment, 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
pow on a solid basis. Credits are not
unduly extended. and every phase Of
the situation seems in a state of pre-
paredness for a period Of unexampled
prosperity. Manufacturing concerns
are running at their full capacity and
the demand for labor was never SO
constant and growing The foreign
trade of the country for this year will
exceed $4,000 600, 900, while the bal
Rnce in our favor-that OF the excess
Of exports over imports-will exceed
$500. 100000. More than half our ex-
nnrfo ara rnauuea ofuraa - narfIxy
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 will exceed s9.500,000, 900.
Il is a 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 1000.000.00O 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 ss63.777,77O. OF which
t134 1881, $50 constitute the Panama
canal loan. The MISUNDERSTANDING
debt Is s37s ,301, 2S4.s0. including
tS46.671,016 Of greenbacks. We have
In the treasury s150.oOo,0o0 in gold
coin as a reserve against the out
btanding greenbacks: and in addition
we have a cash balance in the treas
ury as general fund OF s167 .152,47S.-
%. or an increase OF $26.975.552 over
the general fund last year.
Receipts and Expenditures.
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
ordinary receipts. exclusive of postal
revenues. for the year ending June
30. 1914. indicates that they will
amount to $40. 100000. 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 $4,000, 900, indicating
deficit OF s22.000.000 For the year
ending June 80. 1918. similarly esti-
mated receipts were $4,000, 900.
while the total corresponding esti-
innate of expenditures for that year.
ubmitted through the secretary of
khe treasury to congress. amounted
% s656,000000. 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
t26.000.000 In the estimate for rivers
and harbors for the next year on
projects and surveys authorized by
congress-. to an increase under the
new pension bill OF $50. $780, O0;' and
10 an increase In the estimates for
expenses OF the navy department OF
$24.000.000. The estimate for the
navy department for the year 1918
included two battleships. Congress
made provision for only one battle
ship. and therefore the navy depart.
ment has deemed Il necessary and
proper TO make an estimate which In
cludes the first years expenditure for
three battleships IN addition to the
amount required for work on the un-
completed ships nov under construc-
ton. In addition to the natural in
crease In the expenditures for the I'M
completed ships. and the additional
oattleship estimated for. the other I'm
creases are due to TIE pay required
for 1000 or more additional enlisted
men in the navy: ane to this must be
added the additional cost Of construc.
ton imposed by the change in the
eight-hour law which makes II ap-
plicable TO ships built sn private ship
yards.
With the exceptions Of these three
items. the estimates show a reduction
this year below the total estimates for
1918 OF more than ;5,Ooo.0oO.