Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1915-12-01

SiXty-fourth congress will do some,
thing 70 establish closer relation
than now exists between government
appropriations and government reve-
nues The best thought of the coun-
try seems to favor the formation of a
budget system such as practically all
OF the great nations, excepting the
United states possess. President VIII
son has been an advocate of a budget
system for many years
ship Purchase Coming In.
The president failed to secure the
enactment Of his ship purchase bin
az the last session. II is known that
he will bring the matter up again the
coming winter in slightly changed
form and urge its adoption. Secretary
McAdoo in interviews and public adj
dresses this fall has outlined the adj
lmnlstration program. Undoubtedly
an effort will be made to amend or
repeal the obnoxious seamen's law.
The general subject of an improved
merchant marine will come up again.
with the coast states supporting it
Whatever may De done. it seems
probable that an effort will be made
to turn the regulation of ocean
freight rates and general merchant
marine matters to federal commits
sion, modelled in some ways after the
new industrial relations commission
and the committee which Is in charge
of the national bank act A bill for
this purpose was introduced in the
summer of 1914, following extended
hearings and arguments, but II could
not lie reached for want Of time
10 Safeguard Bills of Lading.
The Pomcrene bin. intended to
safeguard merchandise for which the
bills have been issued. will be rcintro-
duced 10 the SNty-fuurth congress
aud strongly urged The enactment
Of the law would facilitate the use Of
bills of lading as security for credit.
The Pomerenc bin applies to inter-
state commerce the principles of
bin drafted by the commissioners on
universal state laws, and now in force
in twelve states, including the great
commercial states Of Illinois. Ohio,
Pennsylvania, New York and NIassa-
chusctts.
II is likely that an effort will be
made the coming winter to amend the
income tax law by reducing the ex-
emptlon from $4,000 to $4,000 and it
may be to S2,5O0, and providing PEN /
alties for non-payment to attach on |
July 1 Of each year. AT the same
time the banks will ask congress to
relieve them Of the volume az cx- /
pense they now incur in collecting |
the tax at the source" Business men /
viii ask the notification of the treas |
ury ruling which prevents them from
deducting from their gross incomes |
the losses which they sustain outside |
the course of their principal business /
Coal Leases Proposed.
\ bill extending to the states the
provisions Of the Alaska law regulat-
ing the leasing o. an coal mine prop
ertv failed az the last session, the
house refusing to aEree to senate
1t will be reintrodueed
in December, and it is said that en-
actment will follow
Considerable work of a preparatory
nature was done in the last congress
looking TO legislation ON the question
Of compelling labels. indicating COM
ponent parts to be placed upon all
products except those
already within the foods and drugs
act Proposals to have labels on
some classes Of manufactures, such ats
textiles, are favored hy the depart
ment OF agriculture. This legislation
would supplement the food and drugs
act
Conservative Laws Sought
The president will probably ask foil
Inc conservation legislation that
'ould not be reached at the last ses-
sion. This legislation is embraced
~ two bills concerning water powers
those on the public lands Of the
west and those on navigable streams.
II is part of the administration leg
siative program.
The basis Of payment TO the rail-
.oads for carrying the mails---now ar
angcd according to welght--WifI