West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1909-03-18
'spulaf Clamof for Change In In.
ausurition Day.
NATIONAL TREASURY At LOW RIB
War Tss and War Bono Issue May q.
Neesssltstsa-Proessss OF New
Tsr'w Not Available.
From Our Regular Correspondent.

present strong determination In con.
gress and doubtless throughout the coun.
try, as voiced by the press, that there
shall never be another Inauguration on
march T. Last Inauguration day outdid
all its predecessors, and moro could not
be said M superlative Of elemental vile.
ness, IL IN probable that the last Thurs.
day in April will be the day selected for
intnn inaugurations. This would bc IN
accordance with the resolution introduced
10y Senator 1Ioar, deceased, which reso.
luton was twice passed 10y the senate and
was pigconholed in the house. Washing
ton was first inauguratcd on Thursday.
and that day IL advocated not only from
standpoint of sentiment and historic
precedence, but in order TO preclude the
possibility of the Inauguration falling ON
Sunday, as would happen II day Of the
month were selected.
Gov. Charles Hughes has written sav.
ing that II gives him pleasure 10 serve ON
the committee for the purpose of chang
ing the inauguration date and TO cooper
ate, 20 far as he may, TO bring about the
desired change. Gov. Hughes MAS here
and saw the weather. He secured special
review by the president of the New York
Seventh regiment which, on account of
the blizzard, did not arrive here until af-
ter the inauguration, although IL had
started the day before, and he met several
thousand OF his constituents from New
York who were quite as badly off.
rrF
vi course, every one IL agreed that
the date of the inauguration should be
changed. Some one has taken the trou-
ble to look up the records, and IL il dis
covered that for the first inauguration of
Lincoln IL was clear and bright. His Sec
ond inauguration was OH cold and
cloudy day and the streets were muddy.
The first Grant inaugural was on a raw.
rainy day and the second, in 1873. was
upon the coldcst ever known In Wash
ington with the thermometer only 4 de-
grees above zero. There was rain on the
Hayes inaugural, and the ground was
covered with snow when Garfield came
into office. In 1885 Cleveland had a very
favorable day, but four years later, when
Harrison was inaugurated, there was snow
In the morning and cold rain during the
remainder of the day. When Cleveland
came into office the second time II rained
and showed. Mckinley, in 1897, had
fine day, but he had rainy day for his
second induction into office. Rooseyelps
inauguration was on tolerably good day.
IL was clear, but cold and windy. This
year the inauguration capped the climax.
1t was the worst ever known and has
caused an universal demand for a change
Of date.
War taxes and an issue OF war bonds
arc promised developments in govern
ment finances. Information comes from
high source that the treasury Is in no
better condition now than IL was when
PRESIDENT Cleveland was obliged TO make
a bond issue in order 10 meet the current
expenses Of the government.
The house ways and means committee
has practically decided 70 add most OF
the war taxes Of 1893 and some new ones
TO the tariff bill, and il seems doubtful
whether the additional revenue provided
will meet the tax needs of the government.
The proceeds OF the new tariff will not
be available for the immediate needs of
the treasury and a supply OF money must
come from another source. II Is asserted
that claims against the government 10
the amount of $50, ,OOO, 900 have accumu.
lated within the past two or three months.
payment having been delayed on account
OF shortage in cash. Ex-Secretary Cor.
felyou is credited with having been bur
dened by the fear during the last three
months that bonds would have 30 be Is
sued during his term Of office. IL was
with great relief that he turned his port-
folio over TO his successor without having
been Obliged 10 officiste in money rails.
ing enterprise.
Ihere are two ways open 10 the admin
istration TO raise money without action by
congress. An existing law authorizes the
issue Of S33, ,OOO,0O0 worth Of Panama
bonds. An act passed in 1898 10 provide
Tor war emergencies, authorized the issue
OF certificates Of indebtedness carrying 3
per cent interest. The use Of this priyi.
lege was not rendered necessary during
the war During the panic Of 1907. how
ever, number Of certificates were issued
for a period Of 60 days 10 tide over the
IL is stated that II the pending claims
against the government were paid the
balance Ia the treasury would be less than
the amount on hand when Grover Cleve.
land made his famous bond issue.
In its efforts 10 supply the government
revenue the ways and means COMMITTEES
has provided that about $65, 900 900 or
SIC, 900, 900 be raised by special taxation
and the balance needed will, Il is ex-
pected, be provided by the custom reye-
nue.. Some Of this revenue, however. will
be slow in coming into the treasury. Az
the bill now stands, for instance. Il
provides tax Of 4 cents a pound on
coffee, which is considered 10 be good for
$40, ,0OO, 900 year. Its understood. how
ever that year or more must elapse be-
fore the treasury profits from this tax.
aH4
Other taxes 70 be levied By the bin ss
reported 10 the house are expected 20 b
an increase Of from t25 70 $50 on licenses