The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1916-12-07

stNtt ~ 20 efAH 80 A-A Att.N
I.ss4 po.ieies. covering total la
euranee o. sfs3.3s5.Gs7 says the
report. and the surplus of premiums
paid User losses amounts to s2.as7.-
657e3. Tho losses 90 date have
amounted to sss3.92As0. from
which falyage Of s59.e55.sT have
been received.
The net amount a. risk New. IL.
vas s1f.Gi0.Sf5. while 100000
was appropriated for the bureau un-
der the original act the operating
expenses have amounted 20 but s39.-
1870.
Unless the bureau is continued,
says the report. and the war in Eu-
rope continues after che date o. ex-
piratlon. the inability TO grant war
risk insurance on American vessels
and cargoes in American vessels viii
.neriously iniure the business and
commerce OF the country.
High tribute is paid in the report
to the value OF the federal reserve
system which says tnat our great
prosperity could not exist without IT,
Under the new system created By
the Federal Farm Loan Act. SAYS the
report. farm credits. the farming In
dus3ry, and the farmer will receive
iaestimable benefits.
Referring to the Pan-American
financial congress in 1917. which
meets in Washington. the secretary
says
II cannot oyer-estimate the value
OF these conferences In bringing
about a better understanding and
promoting in this practical manner,
friendly relations and charging
trade and commerce with our south
ern neighbors"
There are several serious defects
in the Harrison narcotic Law which
has been in effect sixteen months,
In the opinion of McAdoo. and there
Is urgent need OF remedial legisla-
ton
A congressional appropriation is
urged for repayment of fines paid
by parties convicted under Section s
OF the Act, which was deprived of
effectiveness by a supreme court de-
cision Treatment by the govern
ment Of persons addicted to the use
OF drugs Is also recommended.
The secretary urges appropria-
tons for vigorous scientific study
Of infantile paralysis by the public
health service as a preventive OF fur
ther epidemics.
Tie secretary again expresses the
conviction that the omnibus bill
method for the construction of pub
lie buildings pursued by the govern
ment for the past fifteen years has
resulted in the construction of many
public buildings IN small towns and
localities where their need Is not JUS
titled by the cost ard requirements.
He urges diyoreiag Of this question
from all local or political considera-
lions and separate measures to cover
each building after proper inyestiga-
tion.
A new coast guard cutter is rec
commended for the Hatterus district.
IN increase in the rate of pay for
the enlisted men in the service, says
the report Is imperative.
Funds for the extension of the
aviation branch Of this service are
asked OF the present congress.
!! Exports for the year ending June
$50, amounted TO S4.3Ss.65S.s65, an
increase of s2,76s,5S9.34o over the
lproyious year. says the report I'M
ports amounted to s2.197,SSS.510,
Ian increase Of s4S4 100000. Custom
lreeeipts totaled S2tS,1S5.S45.63,
showing a healthy increase.
i The estimate OF receipts and dis
'bursemeats for the fiscal year 1918,
says the secretary, shows that the ex-
listing laws will not provide sufficient
revenues to take care OF the unusual
Expenses of the government due. for
the most part. TO the large expendi-
lture required by the army and navy
I for preparedness estimated for the
year at S367.194, 900.
Attention Of congress is called to
the necessity OF passing such meas
uros as viii provide additional rev.
onues 10 meet the situation.
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