Show RESUME Of YEARS Scoy Shaw Makes One and Says Thel e a is no Cause for forAI AI Arm rm RECEIPTS EXCEED THE OUTGO CIlC u of Country Nut ul i u 11 IoU to U S 8 Del Dec tim III no occasion fur alarm Our need bl be lest leRt we fall nit In facilities property to garner store and our Lot Let every elery man he be or of good gOud cheer and trY to be In everything except thankful ness hess concludes resume a or of the years record which lie ho hol l S has been prepared In response to multiplied 1111 ell In round nun num bors ho hc the tho receipts for the calendar year ot of ut at anti and the l ut at or nut nn excess uCIel of over oel or of As 11 has hns been no chango In the tariff Larm laws OC ai the lawA relating to Internal revenue Secy Shaw says s the large Iner Increase aso In receIpts Is IH due ho 10 the tho act actIvity Tho Th total expendItures ho hocer how however ever for Cor 1906 as compared with ho says shows a decrease or of onlY 5 the flounces of tile tho gov gOI fur for the six mouths ot of the eat year oar fust closed the thc secretary says the tho books of the treasury show surplus receipts Over Ocr expenditures or of OO as 18 compared with a ut of for COl the mouths ot of tile tho previous year The cash lii III the treasury Is a nj compare with II a year ago ngo ngoun un nIl Increase of The cash In national hank bank depositaries Is as compared with it II year ligo all an of and the total rash III the general fund Is as a sl this cash there thero lire are liabilities lit at the present time of oC greater titan than lit at the tho sallie time last year The avaIlable balance has Increased durIng the tho year the general fund Cund standing at StrY SelY Shaw remarks that the bonds maturIng July I 1 1907 can bo be paid It IC It shall shaH be bc deemed wise and still BUll leave II a working balance of moro more thuu It If the owners WOUld the ho he says Bays the honda could ho bo pith now but buL tic he douht whether any number Ot of the tho would accept pa at this time he be because cause causo the arcs of the class who care cale for olse olHo than Ihan certaInty of oC ty ly and amul exemptIon from Crom taxation During the last 1 12 months the tho s secre secretary cre tary the money In actual ctr ex exclusive of the amount In the treasury tIns hils Increased more than Of OC this Increase I hi available for bank banle reserve and Is i In bank tion Thiis he says SaR seems Reems to bo be a complete answer to tile the cri that the treasury results In Lieu tion when money Is most needed lIe Hc maintains therefore that the ex money stringency worl worldwIde In hI Its extent Is traceable In no respect and In no legree to the Independent treasury treasur of oC the United lie Hc says the tho and admitted shortage huts hils been caused h by the prosperity lii In this country countr reasonable prosperity The lit if the tho United States he de declares dares clares consume consumo nor ner more more marc lothing m niro r ot of everything v il tj thau i any uny other people In Ill the tho world and when prosperous the they Import very ory largely This hie he asserts na encourages Industry everywhere and unusual business calls for an of actual money and of credits based on actual mone money All to the currency reform suggested Secy Sha Shaw w says s that III his It permits adequate ox ex expansion but that thaL Its weakness Is It Its failure to II produce rho volume ot of mOlle money he contends does docs not nOl respond to the tho or of OUI business rile annual aso ho he adds ina bo be hut but there thoro Is no annual con contraction contraction traction tho lull dull summer months Only the tho unthInkIng anil ill hue ho Ifa says s harge the stringency or largely to stock and bond speculation Just not nol speculation In real i I lit hut and the thu opinion Is ox ex lr that very ery likely all money is 18 tied Ill up In and margins In real estate UI his In options and stocks and It is II to complaIn of at the tho ble be lie continues fhe spirit ot of spec C illation II is among liS and like the tho habit thoo most are arc Ore tre the tho t In It ill becomes the thue real reul estate speculator to decry every other ot of do sIre to get rich quick The Tho epithet black between pot and ket Ilot kettIn tIn I is never neer Instructive and Just now It Is 18 not Yell Ien entertaining rhe effect tt If the present car cal short ago on the mono market Is also al a to The secretary says saysA H HA A larger crop of oC cotton usual and an yield lit of cereals ceroalA fruits and Ier very other othur prod not has flied granaries ware warehouses houses to a 1111 congested every even railway A ti few years usa ago the thu freight curs of oC the Iho country IL erl d 10 U it but owing to tilt the condition anti In su I h tu t hes s fM fac story tor sidings the they nil lion move 25 miles a ca day freight Is II by home Ohio Olle fluid some Iii IH thus tied tip liP Cooperation n III time cIl hunks e of thu lh the tho says a H to be the tho antitrust law la forbids it IL In Oh ho he says we liao mittel engaged Iii each cach Il a 11 la as fl bug as 18 It noes not vIolate stat liter respect to In mind reserve All As IL ii natural and unavoIdable result no effort Is III In III to pr Ihle ample for tor the tho iii on the tho of oC business a ni incIdent to the tho Oath Inter our system the tho only emily bi o non t ia et lout ti u ri ug th um ti mu time tho only provIsion lon for tor time fAil Is IH by ly thin tho or nf tit th treasury wIthdrawing lIt ill coin ti whon tim s I sore PI ore 11 net 11 restoring tb ii lr Ii tile tho of oC trade 1111 till tue n I of oC I lI Ily rig a taum 1 rein speculatIon mn many ell eu Iii II U a tha banks nrc 1111 not the tho un on nor the tho loIn dl tho aio 1110 abro to protect fOI ui It IC theIr have heEln wn weli mil mob 1 II hlll olly to ye 10 nil iii tie mitt a ceo ni au await results It If a 11 from cause will vHf lie tho I 13 1 will vl I I tilt th t its t i IC It 1 El fey tor will bit 1111 tile whom hom this lit Of will ivIll full whit willi iii 11 hey 1108 Ill U gil net I th ren t cv e it II pI l 1 11 tower u I J I ii 1 to toI I I place power and authority with one The Tho responsibIlity rests with nit all A ruins an any administration JoOl Fm cari carithe the name namo of It ery worthy presIdent It man wIth high loCals and lofty lotty pa wn well nigh a reproach be because cause hl his administration was waA with widespread diras 8 tel If Ie an Is to be held for COI till the health or of the people the tho chest rind the tho surgeons kit should not ho stink sune In Inthe the sea All authority Is subJect to abuse No 0 was raised against the rate rato bill It permits ono one man mali through an Interstate commerce com coin 1111 lon removable at suro and lii In vacation nt will to fix arbitrarily It If ho he pleases subject to toliS its liS yet Jurisdiction hy by hythe time the co II It tho freight rate or of every product ot of people It Is yes It Is a 11 president responsible not to himself but bul to the party that has hils made hInt him will so liO acquit himself It If within his Power lH as to vindicate the choice of that party nod ant of the tho people who hint him dl our present monetary system Is defective limit but the tho assumption that ono can cams he bo substituted that would be perfect Is violent |