, 1935-01-07

an appropriation Of $780, 00. 900
which / am requesting for public
works. This appropriation is intend
ed to take are Of the normal Pub
lic-works srequirementssof the gov
eminent usually included in the an
nual supply bills. such rs federal
highways. river and harbor improve
ments. and general public works.
including the construction program
OF the Tennessee Valley authority.
Charges Kept Down
This requested appropriation may
therefore be regarded IS regular
instead OF emergency. The debt
charges for interest and retirements
have increased considerably due to
the growth of the national debt, but
the decrease in the average annual
interest rate has served to keep
these charges down.
The estimated expenditures for
recovery and relief during 1885
are placed at s4,11O.000, 900. exclud-
ing s472. 900, 900 for the agricultural
adjustment administration. 4 rec
ommend that $4,000. O00. 900 be APP
propriated BY the congress in one
sum. subject to ALLEGATION by the
executive principally for giving work
TO those unemployed on the reliei
rolls. An estimate Of expenditure
covering this amount is included IN
the budget. !,
The total receipts for the fiscal
year 1895 are estimated at approx
mately s 3 1892. 1000. When s57O,-
900. 900 Of estimated processing taxes
are deducted from this amount
there will remain for general pur-
poses. So. 422, 100000.
The detailed estimates OF reVe-
nues and receipts for 1885. shown
i'm statement No. l. indicate a gam
Of sl37. 900. 900 in the collections
from income tax over those LOT
1885. This gain is due OF antici-
pated Improvement in business ana
"a the upward revision OF rates III
the revenue act OF 1884. The mis-
cellaneous internal revenue taxes
far 1886 are estimated 70 increase
some Sl43. 900, 900 over the collec-
tions for 1885. This increase Is pre-
dicted on the assumption that the
taxes terminating on June 80 ana
July 81. 1895. will be extended oy
the congress. and also that the tax
rates which would be reduced on
June 30. 1885. will be continued.
Otherwise there will be a reduction
in the total estimated of mlscel-
,aneous acknowledgements taxes OF
s378.0 900. thus bringing the total
estimate down to 1908. 000. 1000. ex-
GLIDING processing taxes. Custc ms
are estimated 10 yield 1898 900 900
for 1886. representing a small in
Of SIl o 5000 over 1885. Mis-
cellaneous revenues and other re-
CENTS are estimated 70 produce
S250.000. 900. a gain OF about $23,-
000, 900 over 1885.
Against Additional Taxes
While I do not consider IL adviS-
able at this time TO propose any
new or additional taxes for the lis
cal year 1886. I do recommend that
the congress take steps by suitable
legislation to extend the miscellan-
eous internal-revenue taxes which
under existing law will expire next
June or July, and also TO maintain
the current rates Of these taxes
which Will be reduced next June.
n aAwUtInr tAnf GfNgk fnXnN nrn
necessary TO the financing Of the
budget for 1886.
In this connection, may 7 say,
too. that the postal revenues. as es-
timated in detail in the annexed
budget Of the post office depart
ment. are based on the continuation
OF the Scent postage rate for nom
local first-claSs mail. Unless this
rate is continued. the postal ex-
penses for 1886. which include
steamship and aircraft subsidies
and free carriage OF government
mail, will be burdened on the gen.
eral revenues of the treasury. I
therefore. recommend the extension
Of the Scent rate.
H NAlC GcIAllAuICH OQDAlliLItQ AA lAlAo
budget are approved. and if the
expenditures for which authorize
ton Is asked are made in full, the
deficit. including statutory debt re-
tirements. will amount to s4.52S,-
100000 for the fiscal year 1896. The
national debt will be increased dur
ing this year by approximately So
l52.O00.000. thus bringing the total
debt up 10 S34.239. 000, 900. But this
increase, as I have pointed out. will
be due solely TO continued relief Of
unemployment.
Continuation Of Emergency
Agencies
A number Of the emergency
agencies now authorized by law will
terminate during the present fiscal
year. Most OF these agencies fill
important present needs and should
be continued.
AS rapidly as seems practicable, 1
am bringing the administrative eX-
penses Of these agencies under the
supervision OF the director OF the
budget.
Economy Legislation
Many Of the estimates OF appro-
priations contained in the budget are
based UP 81 the continuation Of GER
tain legislative provisions with ref
erence to economy which are now
In force. They are appended hereto
and should be reenacted If the es-
Inmates are to be sustained. Among
those continued is the provision for