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# MCADOO'S REPORT Secretary McAdoo's report, as outlined in The Herald Wednesday, was necessarily an important document, and incidentally a very able one. It could not all be given in The Herald as it makes a book of 80 pages-much of it, the tables especially, being rather fine print. The synopsis given in The Herald, as sent out by the Associated Press, covers broadly most of the points of interest touched on by the Secretary. However, the document is worth preserving and it is worthy of careful study. It is only when we begin to study it in detail that we perceive the magnitude of Uncle Sam's business concerns and how he is linked up in innumerable ways, through his treasury department with every interest of the country, from the cross-roads post office to the latest and biggest battleship. An examination of the report shows conclusively: That the affairs of the nation, for the fiscal year ending in June 1913 have been carefully administered. That in many details large savings in expenditure have been effected. That in many ways the department has been able to be of great help to the people in emergencies that demanded help-as in the case of flood damages on the Ohio river and its tributaries. The story of how the government came to the rescue of Dayton, is very interesting. The Secretary tells us how as the waters receded, banks were afraid to reopen their doors, dreading runs that might be made on them. In that crisis the government sent an examiner, and within 24 hours of his arrival every bank in Dayton was made a Government depositary, and it was announced that $2,000.000 of government funds would be lodged with them, yet secured in such a way as to safeguard the funds. The effect of this was to secure confidence. As a matter of fact the treasury was only called on for $182,000. The story of the distribution of money to help move crops in the cotton state is another interesting feature of the document. One of the comforting features of Mr. McAdoo's report relates to the wise and statesmanlike precautions taken to forestall any panicky conditions which might grow out of the tariff and currency reform measures. This was done, simply and wisely, by the setting aside of $500,000,000 emergency currency. The relief obtained by the announcement of this emergency fund was instantaneous. As a matter of fact the emergency fund was not drawn on at all. Mr. McAdoo tells how the farmers or farming communities were represented in a most interesting meeting at Washington to make known the needs of their several sections-south and southwest, middle and northwest, Pacific coast and Rocky mountains: how on an estimated need of $50,000,000 forty six millions were actually distributed in the way of loans. One of the large achievements of the administration was the reorganization of the customs service, consolidating many ports, abolishing many and defining district boundaries with greater precision, resulting in greater economy and efficiency. The saving of expense is estimated at $356,000 annually. Altogether the report shows us the nature and the weight of the problems the democrats had to deal with this year We cannot avoid the conclusion that the affairs of the nation have been in able hands since March 4. A Minnesota cow has given 19,000 pounds of milk in one year. This milk
