| Show AN AX A INTERESTING RI In his hi annual al report rel ort Just received the Secretary of or the Treasury points out that tha tho he absence In this country of anything like a II budget has led to a great deal of extravagant ap appropriations appropriations appropriations Alexander Hamilton ho says sas began in that way war but the th completo complete plan of a budget t was never nevel fully realized could not have lasted hasted and cannot now be instituted This would at first make It appear that In the Judgment of or the Secre Secretary Secretary tary the haphazard way vay wa of ot calculating the nations expenses and Income Is beyond remedy but he points out that in March last Jast Congress adopted adapted adt in inthe Inthe inthe the sundry civil appropriation bill a provision whereby the tho appropriations of Congress Con are brought under a a system system tem tern The effect of this provision is that the estimates of the cabinet arc aro as a whole before I they go to Congress and that they are aro further considered by the chairmen of the several appropriation committees acting In concert The plan Is as uJ yet experimental but tho the result to date even before the estimates have been formally taken in hand by Congress has been the asking of less than was asked for the current fiscal ear and less than tb n was uvas actually ac appropriated for it The Secretary recommends that the tho tax on bank circulation secured by United States bonds hereafter depos deposited lied be continued at the rate rato of one half of ono one per cent per annum for circulation based on two 0 per cent bonds but b t that the t tax on on circulation clr secured by United States bonds here hereafter hereafter after atter deposited bearing rates of or Interest higher than two per cent shall shaH be In Increased increased creased crea ed In exact proportion to the In Increase increase crease of tho thie rate rato of interest above two per cent In recommending civil service pensions the Secretary says s s that the United States is the tho only on oni na an nation antion tion that has no general legal retiring pension for the of its civil service The Tho service he lie claims Is 18 S blocked In many man instances by b tho the uri ul willingness of or the officials In charge to throw out of place worthy men and women who have hoe given the best of ot ott their t 1 lr lives to the work of the govern government government government ment He expressed the tue th hope that Congress will take lake this matter up for tor consideration The report lt declares that It Is neither appropriate nor noi necessary for the Sec See Secretary rotary of tho the Treasury to discuss at this time the th general problem of ot cur lency reform That problem has hua been referred by b Congress ss for investigation and report to the Monetary Commis Commission Commission sion slon and pending Its Ihl action the mat matter matter ter LeI is In abeyance The Tho Secretary merely mere I notices that hIlt today toda we have neither an un adjustable currency 1101 nor trustworthy surplus rel and ap up appeals peals for tor the laying aside U of political partisanship par p pride J S of or opinion In future consideration of or orUe I the tho problem r The policy of retrenchment evident In Inthis Inthis InthIs this report will wm appeal forcibly to the tho people They realize rt an as n the lie Secretary Se says lays that hat It Is a I favorable opportunity partly created by the Influence of or the deficit to consider the govern governments governments ments monts outgo not alone In Its totals but In its details d and to tb proper economies They The believe that If It this should be bo successfully accomplished aC om lucre thero is a n prospect I that the example lo would influence tho ho overhaul overhauling lag ing of municipal expendi expenditures expenditures expenditures tures to o the great advantage of or tho tile nation oJ |
