Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1915-12-09

Continued from Page oneJ
through inaccurate returns and evasions
OF the law a sum many times greater
than the cost OF the necessary field force
10 investigate and check the returns and
TO bring to account those who are falling
10 make returns as required by law"
IN keeping with his recent announces
ment Mr.. McAdoo suggested the present
stamp tax and the existing duty on raw
sugar should be retained IN force and
said again that no issue OF bonds u nee
essary either TO provide for current ex-
ponaes or In anticipation OF added bur
dona incident TO policy OF military pre-
paredness.
'srhe policy Of providing for the ex-
pendltures OF the government by taxation
and not By bond issues, said the rapport
rs undoubtedly sound zone and should
be adhered 20. A nation, no more than
an Individual. can 90 constantly Into debt.
for current expenditures without event
ually im3airing credit, A Wise, sound
and permanent policy OF raising the addi-
tional revenue Required for preparedness
and the expenditures Of the government
should therefore be devised and adopted
Expects Customs 40 Increase.
Mr.. McAdoo expressed the belief that
with a return Of peace Ia Europe Gus
toms receipts which fell off sss.Oo0,ooo IN
the last year win increase and that with
legislation suggested. with provision "a
make the surtax OF the income tax law
applicants at $4,000 instead OF $1,000, the
whole or part Of the additional revenues
can be raised. Taxes on gaaoline eruds
and refined oils. horsepower OF automo-
biles and various other things" are sug-
Eested as further revenue raising meas
urcs.
The total estimated appropriations fol
the fiscal year which hcgins Jue l. next
AIR. McAdoo puts At q .2s5, So sos. including
ssls.s6t.s7s for the postofflce which Is 70
imbursablo and about to.oooooO more fol
the Panama canal and sinking fund. Re
ceipts for the same year eaaed on exist
ing lae without extension Of the sngal
duty OF the emergency tax Mr.. NeAdol
puts Al $50 5000 ard ordinary aisburss
rnents IT $50 s0i 900 leaving an excess Q
disbursements over receipts II leEislatioi
Il not PASSED 20 change conditions, o
COO AZ explained IN bis recon
ltatonsent. however that amount woul'
10 REDUCED TO about S0.ooo.ooO by the ex
tension OF the emergency aud sugar IA
laws
says Fihaneiai Condftfons Good.
Secretary MeAdeo's report says the PEG
pic Of tha United States have reason /
eonsratplato themselves on the finencin
ana business condition Of the countr
aflor the serious situation which con
fonted them year ago.
The European war produced insvltabl
suffering IN this country a. well as 1
Europe said the secretary. "our IN
duatr;al situation was. for time. ser
ousiy hurt. and the cotton growing state
Of the south susieined heavy iosss
through declines Ia the price OF cotsoi
Every power Of the government wss q
erted 20 mitigate the situation and b,
iieve 4 Is not lnexaet 10 say that but e
The ecuge sgency Of the government
protectlng and conserving the bushes
interests Of the country during tha
critical period grave disaster would hay
resulted.
Il Il a pleasure 10 acknovledge ths
me efforts o. the government we're %.
onded and supported ~ the earnest an
lsffIotlc cooperation Of The business Il
tffesla u ne country. nuFing TIE yea
shore has been a steady. healthy. forwas
mottnenf A. every line o. activity. unit