Show VI I I I. I I I iliUM I I I ILl I U Good Tariff Bill I i Brings erity ty It A LOOK LOOI INTO I I FUTURE Secretary of the Treasury Tells N New v e York Bankers That Proper Legislation on Tariff Insures Good Times CURRENCY QUESTION TOO I IS TO BE TAKEN UPI UP I Monetary Commission Will Re Report Report Report Re- Re port Basis for a Financial System Which Will Cure Banking and Commercial Ills i JA A REAL OPTIMIST IS FOUND I. I Iv C 1 4 T New ew HV York JI ork May In IS The com com- f 4 u of a u tariff lull bill 4 tur tory to tho ho people of the 4 f TIll rill to till tho United StateN f 4 4 n a rational nod ansi ive Tl ivet TC t tI I 4 s. untie hope n a permanent prosperity 4 I 4 s said Franklin 41 4 1 4 tur of oC the lie tr treasury tonight nt 44 4 I 4 Il II private dinner given nt ut the lac 41 4 I 1 f 4 Dillon club In lu hi Jun hili honor 44 4 I II 4 I Iby by J 0 S. S Terry 44 4 1 I 4 treasurer of oC the thu United States In 4 I 4 this elt city Thi The guests etH 44 4 4 HO JO nod represent represent- 4 f 4 from the lie larger bunking banking 44 4 I 4 of uC son son- York Yurko 4 I O C 4 O OI I From Ironi the tue point of or view of ot the secretary secre secre- I tary laay of oC the tue treasury said Mr MacI Muc- Muc I I Vens-h Vens the business situation throughout through through- I out tho ho country Is he a very hopeful oneVa one ono I We Va arc are not worrying about the tho deficit The main question perhaps Is 18 will the new 1101 tariff tho the expectations of or orthe the people The Tue administration is approaching ap Ul UI- UI tic Iho of or currency I I banking and treasury reforms with an open mind und and with a hospitality toward toward toward to- to ward till tile suggestions Sus of oC bankers and ana others who know the tho situation Ono One thIng the tho l aI-l i 7 t r I VC J g. g 11 ile lon lf d fl m l the tho Hl of C a n- tlc P the estimates of ot tho the 1 various 10 departments on tIC ha have VI to 11 it great eat a t been compelled to 10 stand aland alono and unrelated The Tho secretaries havo ado out their separately I au and there has haM bohn behn little HUle or no rio at attempt attempt Rt- Rt I tempt to thorn thom In Mr Tafts I gl aC l I the tho secretaries l present s M and will bo b. studied and overhauled with it a View Vie to 10 the tile amount of or revenue available nn and with regard d to tho thio comparative naces- naces of or the lie different departments In Con Congress ress too lOo tho the Idea of or a aget bud b get et and of oC a n study of or government expenditures cx- cx arid and revenues ro as mutual mutually related has lins taken form orm an nit shown Inthe inthe In the tho Senates Semites tion ar-tion In creating a committee committee com corn which will dodde dr do- on expenditures cille whether the tho Imposition of additional addi taxes Is necessary The budget hudlet Idea will brIng about anew anew a anew new sense of oC national economy econom and of the tile need of intelligent and systematic spending The Tho report of the monetary commission soon to come comeS marks another another another an an- other most Important step step- Based upon lon the time study of ot the financial conditions and systems of the United States and man many foreign countries this report will form a basis for Cor a stable financial system In America which will become a n permanent ent cure cure for tho the banking and commercial lU Ills of the country This new sense of ot economy and arid ot or Intelligent study Is not only present inthe in the executive branch of or tho the government govern govern- overn- overn ment but In Congress as 31 well The work of or tho the now committee on expenditures expenditures expendi expendi- tures In the Senate not only furnishes the rt t definite det step stop which we have taken toward the formation In this country of oC the budget but will result In greater reater economies in the lie govern govern- ment While we had u n surplus It did not much matter which department of time the government got this or that lint sum Ium oCI of oC mone money Now that we have a definite I purpose we Wc might say our purpose Is Isto Isto Isto to keep expenses close to the lie grindstone grindstone grind grind- stone tone and It has been necessary to study most los ly the time reasons for tor our expenditures of ot revenues revenues- This new commission will vIlI pass on the appropriations appropriations appropriations which In the Uw past Post havo not been systematized and through the lie work of ot this committee It IH is proposed to form forma a more economical ai system of government govern govern- ment |