The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-09-24
PHILIPPINES LEAN ,
ON THEIR FINANCE
Woods Work Hampered
by Lack Of Funds; Cuts
Down Expenses

MANIIA.-lt appears that n lean
N1sury viii continue to hamper
the work OF Governor General Wood
until he leaves the Philippines. ns
he plans 10 do in January. and re-.
b turns 20 the United States to,takc
hp his work as provost OF the TINT
NCrsity Of Pennsylvania, Most of
L the proceeds from the new insular
/ bonds, expected 10 bring price
near par In New YORK. will 20 10
, reimburse funds from which money
was Withdrawn during the last sew
"tal years and particularly during
the financial crisis when the gov
ornment was on a hand-to-m mouth
basis.
Large sums Of land taxes long In
arrears are still unpaid. the city
has postponed tax payment this
year until September; the prov
inces want the tax lifted entirely,
alleging no profit on low priced
crops, while the acting senate pres
ident published statement rec
Gently that he Is In favor OF an
uulling the new assessment, upon
which the bond issue Is based.
Bonds Won't Sell.
Congress authorized bonds up 20
10 per cent OF the assessed valua-
ton OF real property in the Philip
! pines, which is the amount the
| administration proposes to sell
| Wood is giving the Philippine in
vostor an opportunity to buy these
| bonds, bearing ; per cent interest
| but money is worth from to u
per cent on safe securities here.
and bankers say that little money
viii go into 8 per cent bonds.
Because OF uncollccted taxes
chiefly the public schools are al
ready asking donations, tuition
fees, etc, from pupils, while the
1923 prospect is that the schools
will absorb full third OF the pub
lie revenues from all sources.
Therefore, while Governor Wood
keeps his program pared down to
the most essential Items -- educa-
ton, peace and order. adequate
courts, necessary public works, in
Guiding harbor and road building.
etc.--tho work halts for want OF
funds just at time when, because
OF the low prices and varying de-
mand for farm products, public cN-
penditures, especially for labor
would do the most good.
Mission Ccnsured.
The situation is such that many
Filipino papers do not fail to cen
sure severely the expenditures on
behalf OF the independence Mission,
which, they Say. received Just the
answer from President Harding that
was expected (and they prediCted)
and was failure from the start.
The Independent, edited by Os-
mena's political antagonist, calls
attention in a recent article to the
fact that the legislature, which Is
the. com mission empowered to die
pose OF the Independence fund and
the body back of the mission to
Washington, Is dead, and the new
one not yet convened. Therefore
no more expenditures can he made
from the Independence fund.
Independents Rule.
The party represented by the In
d. pendent will be in power in all
the clties-Manila. Cebu and Iloiio,
while Quezon's cOllcCtivist party
(broken from the Osmcna Nacion-
aiistas) seems To be certain OF con-
troll in the Legislature.
With the legislature at his com
mand, II is expected that Quezon
Will demand that the old rule be
followed and tho Collectivists be
given lllt fdulnfL appointments iA'
then, and not Governor Wood, Will
WELD the highest power In the
islands in many respects. the notn-
BILE exception being that the veto
power vested in the governor-gcn-
eral by congress cannot be alien
ated.
Editors, notably the. editor of the
American Chamber OF Commerce
journal, point out that Harding,
evidently opposed to independence,
gave the mission such "A reply as
will continue the uncertain status
OF the islands toward the mother
country and make sure that agita-
tlon for independence will over
shadow everything else In future
as in the past (since the Jones bill
OF 1916 was passed by cQngress).