The Washington times., 1914-12-09
NJ ADOO URGES
COAST GUARD
AND NATIONAL
LEPROSAR|UM.
More Men for Public Health
Service and Two New Reve-
nue. Cutters Needed, Says
Annual Report.

Increase in the official and clerical
personnel of the Public Health Serv-
ice in washington: the consolidation or
the Revenue Gutter Service and the
Life-Saving Service into one organiza-
tion to be known as the Coast Guard,
the building of two new revenue cut
tiers. and the establishment of a ma
tional leprosarium, which would re-
heve the States of the care and men
ace of lepers and lift the burden OF
guarding John Early from the Dis
trict, are recommended in the annual
report of Secretary of the Treasury Nc
Adoo, which was submitted to Congress
at noon today.
The Secretary reviews the finances of
the country, and the recent financial
crisis at great length, and takes high
y optimistic view as to the future. He
declares, in short. that the country
can look with confidence to the future
Of its trade. commerce and industry.
Confidence has been restored and
specie payments have been maintained
in the face of the world said McAdoo
The general revival Of business
throughout the county is the best evil
dence that confidence has returned"
He admitted that the country might
easily have been involved in a panic
OF cataclysmic proportions" in the
dark days after the outbreak of Eu-
lDpS war. buI declares tnal spirit
Of optimism now pervades the business
world.
Basic Strength Shown.
He holds that the ship of finance
steered clear through troubled waters
because of the basic economic strength
Of the country and the patriotism of its
people in every class and walk of life
That the Treasury Department per-
formed ravodfpforrc 80
distorted and dangerous financial sit
uauon is evidenced from the Secre-
tary's review of department action in
the crisis. Issue of emergency currency.
amendment of the Federal reserve act,
cotton, and grain conferences. interna-
uonal exchange adjustments creation
or semi-pubic cotton pool-these and
other undertakings. promptly managed.
overcome difficulties of enormous size.
Inc Secretary gives unStinted praise to
those who labored so successfully 10
help the national finances weather the
storm. He gives share of this praise
unreservedly to the cooperation OF
big business" in the time OF peril
AS a further necessary measure TO
preserve The sound condition of the
Treasury, e. however. the Secretary
recommends that the operation Of the
war tax be extended.
Il venture TO suggest" he said that
this Limitation to December / 1915
should be removed and the act amended
so as TO provide that il shall remain in
force until peace is restored in Europe,
that fact to be determined by a procis-
nation of the President This is All the
more necessary because even with the
return of peace it viii be a long time
In all proba bility, before the belligerent
nations will be able to restore their
productive power and foreign com
merce. and even then the process must
be gradual"
Praises New Tariff.
Secretary McAdoo held that the new
revenue measure not only justified the
estimates Of the amount of revenue TO
be produced, but as whole produced
curing the first year more revenues
than the Old tariff would have done. He
gives the figures in detail. and lets
them speak largely for themselves. The
report says:
W hen the tariff law was written II
was estimated to produce from customs
m Its first year S2700JJg01. There was
aetually produced in the year from Gus
toms 292.%20.0l454. or 81. 80. lO4.5I in ex-
cess OF the estimates which took into
account the estimated revenues ror
three months under the OLD law and
nine months under the new law.
II vas intended BY the tariff act Of
october 3. 1913. TO remove the duties
from certain necessartes of life and
lower the duties on others
. make up the deficit caused b.
me loss IN revenue IRON customs the
income tax provisions were enacted as
q part OF the new act and the pro-
vision Tor a tax on corporations were
amended.
The tax on individual incomes
amounted 10 SS.253 "a ~ and the tax
ON corporations amounted to S43 II. T3g g. |
7 hat the tariff act OF October ,. 1913. |
not only justified the estimates. but 4 ;
r. whole produced during its first year
more than the revenue measure which
Dr. superseded, IL shown by a compari-
son % the revenue figures.
This makes an amount of revenue
-slsed under tho act OF October 3, 1873 |
greater Uy $50 1913 - than the amount
collected the previous year under the
preceding revenue r1IaSure.'
Savings Effected.
The Secretary calls attention 10 the I,
fact that So zoo was saved in operating Z
expenses because of the reorganization
Of the customs service. ard says that
that increased business for the year
was handled with q decrease Of sos
employees.
On the other hand. the income tax
4 Buy Your III