The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-11-06
pv JorIN S. MILLS.

j
1.t. act Of congress OF September
t-2o provides that there shall
=. AZ the seat OF government, an
..itiye department 20 be known
I,a departnent OF the treasury,
"a T, sacrctary Of the treasury, who
's.i ho the head there tsec. 233,
p.,Fssd Stats). The act then de-
T,e. the scope Of the department
sgl rr5vldes the personnel for the
aya.uti0n OF the duties imposed upon
tho secretary.
a.. u,p first secretary OF the treas
N" tUs term ran from Setember
'r-sg. TO January 81, 1925. He,of
ll.-s.. served under President
Washington.
R15rrt Morris OF Pennsylvania,
sir,uuIpr and statesman, VINO was
ono of the signers OF the Declaration
~ IrdanrndenCe, was the first finan-
rsi officer of tho government and
Gas superintendent OF finance from
f7s to 1854. Upon the resignation
of Morris. the powers conferred upon
him bv congress were transferred 10
i,n. "Iotrd Of the Treasury" There
4 ..u,lrs 10 have been difficulty I'm
Irgsnizing this board, those who IL
pauv Irrcpted positions on II were
Holm LOWS Gcryais, Samuel Osgood
and Walter Livingston. This board
asrygd uutil Hamilton assumed Of
lce as secretary of tho treasury in
t15S9. ,
Since the formation Of Jhe gov
.rnment there have been 81 sccro-
fartes of the treasury. A. w. Mellon,
OF Pittsburgh, Pa. the incumbent,
assumed office on March 4, 1921.
The duties of the secretary of the
treasury are, briefly, that he shall,
from time to time, digest and pre-
pare plans for the Improvement and
MANAGEMENT OF the revenue and for
the support OF the public credit,
shall superintond the collection Of
the public revenue, shall grant, un-
der limitations OF law. all worrants
f0r moneys to be issued from the
trra sury i'm pursuance OF appropria-
tions made by congress; and shall
report and give information to con-
grcss i'm person or by writing. as
may De required respecting all mat
ters referred TO him by the con-
gTcss, which shall pertain to his
office. Until the fiscal year begin
ming July /, 1921, the secretary OF
the reasury annually submitted to
congress estimates OF the probable
revenues and disbursements of the
government This duty will TN fu-
turo, bc performed under the budget
and accounting act of June 4, 1921.
by the president OF the United states
the budget having been prepared in
the bureau Of the budget located in
the treasury department and trans
mttCd 10 .he president for that .pur-
pose The estimates. which were for
merry transmitted to congress by the
secretary of thJ Treasury ana Cunsti-
tuted what was known as the BOOK
OF Estimates" are now called the
budget In the budget the estl-
mates Of expenditures and receipts
are 90 be presented in a form which,
Il IA believed will more clearly show
he expenditures in connection with
the receipts OF the government.
which viii enable the congress to
more nearly keep the expenditures
within the revenues.
Has Nuricd Responsibilities.
The secretary OF the treasury also
has under his control the coinage OF
metallic money and the printing of
paper money In addition there
come under the administration of
the treasury department, although
not related to the finances, the coast
guard. the public health service and
~ The office Of the supervising archi-
: Neet the latter having charge, under
the secretary, of the construction
and maintenance of all public build
ings.
The secretary is OK ofslcio chair
man Of the federal reserve board,
created by act Of congress approved
September 20, 1913; ne is eX officio
chairman of the federal farm loan.
board, created by act OF July II,
1915 is chairman OF the war finance
, corporation, and president OF the
central executive council of the in
tI-American high commission.
Inc secretary OF tho treasury
makes an annual report directly to
congress.
In addition to three assistant sec
retarles Of the treasury, there was