Mississippi Democrat. (Carrollton, Miss.) 1844-18??, 1846-07-08

June 3, 1916. calling for information
TetahUe to the mode of raising funds
for carrying on the ,car acih Merico.
To the Senate of the United States:
In answer TO the resolution OF the Sem
ate of the Sd inst, communicate here
with estimates prepared by the War and
Navy Departments, of the probable ex-
Penses of conducting the existing war with
Mexico, during the remainder Of The pres
ent and the whole Of the next fiscal wear.
| communicate, also, report Of the Secre-
tary OF the Treasury, based upon these es-
Inmates, containing recomme ndations OF
measures tor raising the additional means
required. 1t is probable that the actual
expense incurred during the period speci-
fed may fall considerably below the esti-
mates submitted, which are for a larger
number Of troops than have yet been call
ed to the field. As precautionary mea-
sure, however, against any possible de-
fciency, the estimates have been made al
the largest amount which any state of the
service may require.
1t will be perceived from the report of
the Secretary OF the Treasury that a con-
siderable portion Of the additional amount
required may be raised by modification
of duty imposed by the existing Tariff
laws. The high duties at present levied
on many articles totally exclude them from
lmportati n, whilst the quantity and amount
Of others which are imported are greatly
diminished. BY reducing these duties to
revenue standard, it is not doubted that
a large amount of the articles on which-
they are imposed, would be imported, and
a corresponding amount of revenue be re
ceiVed into the treasury from thls source.
By imposing revenue duties on many arti-
Giles now imported free of duty, and by
regulating the rates within the revenue
standard upon others a large additional re-
venue will be collected. independently
Of the high considerations which induced
me, in my annual message, TO recommend
a modification and reduction Of the rates
Of duty imposed by the act of 1912 as be-
ing not only proper in reference to state
Of peace but just to all the great interests
of the country, the necessity Of such mo-
difcation and reduction as a war measure
must now be manifest. The country re-
quires additional revenue for the prosecu-
ton of the war. 1t may be Obtained, TO
a great extent by reducing the prohibitory
highly protective duties imposed by the
existing laws to revenue rates by imposing
revenue duties on the free list; and by
modifying the rates of duty on other arti-
cIes.
The notifications recommended by The
Secretary Of the Treasury, in his annual
report Of December last, were adapted to
state of peace, a1d the additional duties
now suggested by him, are with a view
strictly 10 raise revenue as a war measure.
At the conclusion of the war these duties
may and should be abolished, and reduced
to lower rates.
Il is not apprehended that the existing
war with Mexico will materially affect I
trade and commerce with the rest OF the
world, On the contrary, the reductions
proposed would increase that trade, and
augment the revenue derived from it.
When the country is in state OF war no
contingency should be permitted to occur
in which there would be deficiency liz the
treasury, for the vigorous prosecution OF
the war; and to guard against such an
event it is recommended that contingent
authority be given to issue treasury notes
or TO contract a loan for limited amount
reimbursable at an early day. Should nc
occasion arise to exercise the power, stIlI
it may be important that the authority
should exist should there be a necessity
for it.
1t is deemed necessary to resort to dI.
rect taxes or excises-the measure recon-
mendod being deemed preferable as a
means of increasing the revenue. 1t /:
hoped that the war with Mexico, if vigor,
ously prosecuted, as is contemplated, may
be of short duration. shall be at all time:
ready 10 conclude an honorable peace
whenever the Mexican Government shall
manifest a like disposition The existing
war has been rendered necessary by tht
acts of Mexico; and whenever that powe
shall be ready TO do US justice, we shall b'
prepared 10 sheath the sword, and tonde
to her the olive branch OF peace.
JAMES X. POLK.
WASHINGTON, June Is, 1916.
CAMPAIGN AGAINST MEXICO. Wash