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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Dec 09, 1908
Page
5
The 1909 annual treasury report shows 58,070,201 deficit for 1909 after a 1907 surplus. notes depression and higher appropriations. It details cash balances, public deposits, and withdrawals during the 1907 panic and subsequent years, including bank deposits and voluntary surrender of funds.
The fiscal year 1908 ended with money in circulation at 3 038 015 488 dollars and gold at 45 95 percent of circulation. Interest bearing debt fell to 897 503 990 dollars while national bank notes rose by 94 545 227 dollars. Bank closures and insolvencies totaled 2 347. Customs receipts dropped about 46 million dollars, and the secretary estimates a 143 million dollar deficit for 1910. The report notes reforms with Limoges china valuation and a cooperation with German officials on customs.
A large group of physicians claims overeating animal foods causes excess nitrogen in the blood leading to uric acid and rheumatism. They argue digestion failure spreads toxins, while properly digested proteids support life. Stuart’s Dyspepsia Tablets are advertised as correcting digestion and aiding blood, with a trial offer from F A Stuart Co Marshall Mich.
The treasury commission studied governmental status of chambers of commerce in the U S and Europe to ensure competent value certificates. It proposed reducing Washington referrals by empowering senior treasury and agriculture officials to decide most disputes. A joint congressional committee could align appropriations with yearly revenue and curb wasteful spending.
Chicago Central Y M C A Cardinals known as the travelers will play two games in Muscatine against Company C next Thursday and Friday. Manager Ruckdeschel braces the squad for the series while Company C opens its season tomorrow against Lewis Institute. A large crowd is expected at the armory for the Friday finale.
The secretary notes reducing physical gold transfers could curb crisis reliance on gold. He cites 1907–08 import and export totals and suggests extending gold credits or loans between nations during stress. An international finance conference with finance ministries and major state banks is proposed for faster emergency cooperation.
The secretary argues the present treasury report fails to separate ordinary government spending from permanent public works such as river and harbor projects and the Panama Canal. If separated, fiscal 1908 would show ordinary receipts of 601,126,118 and ordinary disbursements of 570,477,838, with a surplus of 30,648,279. extraordinary receipts total 40,804,268 and extraordinary disbursements include Panama Canal and public works costs.
The document notes total extraordinary disbursements and other changes in the daily treasury statement. It urges a fair tariff revision guided by government needs and calls for sufficient taxation to provide revenue. It references currency legislation and its useful role and availability for recommendations.
A congressional action concerning the monetary commission created by the congress is presented as ready for consideration and potential implementation. The wording suggests procede with deliberation and potential passage. The report emphasizes legislative option and authority awaiting next steps.
Advertisement notes Bucklen's Arnica Salve as a healing remedy for dangerous wounds sores burns piles eczema and salt rheum priced at 25 cents sold by Havercamp's Prescription Drug Store.
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