The Forrest City times., 1912-12-13
PRESIDENT SENDS ANOTHER MESSAGE
Tells Congress About the Fiscal, Military, 'nsuiar and Judicial Affairs of the Nation, Including
 Panama Canal and Tolls Established.

4
 tadicial affairs and in part is as follows; The condition of the country with rel erence to business could hardly be better While the four years Of the adminlstra- ton now drawing to a close have not ue- veloped great speculative expansion or
 vide field of new investment. the recoV- ny and progress made from the depress- Nng conditions following the panic Of i%' ! ave been steady and the improvement
 ] as been clear and easily traced in the statistics The business of the country IS now on solid basis. Credits are not | unduiy extended and every phase Of the Etuntion seems in state of prepared
 ness for a period of unexampled prosper hy. Manufacturing concerns aye running at their full capacity and the demand for labor was never so constant and growing. The foreign trade of the country for this year will exceed Hoo0. oo0. .0oo, while the l balance in our fayor-that of the excess | of exports over imports-wfll exceed $500.- 0o0. 900 More than half our exports are manufactures or partly manufactured material. while our exports of farm pro
 ducts do not show the same increase of domestic consumption. II is year or bumper crops: the total money value Of | farm products will exceed g. 6oo, GOO. ooo. It | Is year when the bushel or unit price of agricultural products has gradually l fallen. and yet the total value of the en- ire crop IS greater DS over AitVouVvV'VVo | |1an we have known in our history. Condition of the Treasury. The condition of the treasury Is very
 satisfactory The total interest-bearing
 debt is Sss3 TT. ITO of which s134 63l. .9so con stinte the Panama canal loan. The non
 interest bearing debt Is $37S, 301. .2S4 20. In | eluding s345. .671, ,016 of greenbacks. We have
 In the treasury $50. 0oo, 900 fin gold coin as | Q reserve against the outstanding green I l. act balance in the treasury as general fund
 of sl67 ,152 47S.e9 or an increase of s2s975. i so2 over the general fund last year. Receipts and Expenditures. | For three years the expenditures of the government have decreased under the in | fuence of an effort to economize. This | year presents an apparent exception. The | estimate by the secretary of the treasury l of the ordinary receipts, exclusive of pos | tai revenues. for the year ending June | 30 1914 indicates that they will amount
 eo s17o 6oo. 900 The sum of the estimates 1 Of the expenditures for that same year exclusive of Panama canal disbursements 1 and postal disbursements payable from postal revenues Is sI32 o08 100. indicating a | deficit of s22 GOO GOO. For the year ending 1 June 3n 1913 similarly estimated receipts
 wer. S665 .0o0000. while the total corre-
 sponsfng estimate of expenditures for that year. submitted through the secretary of | the treasury to congress amounted to i ;656 o60 GOO. This shows an increase of | T6.0006 GO in the estimates fer 191A over | the total estimates of 1913. This is due to
 an increase of s25 100 eco in the estimate l for rivers and harbors for the next year
 on projects and surveys authorized by 1 congress- to an increase under the new | pension bill of s32 50o Ca0: and ta an in rease in the estimates for expenses of ne navy department of s24 001 0o0 The l stimate for the navy department for the 1 'ear 1913 included two battleships Con | iress made provision for only one battle | hip, and therefore the navy department | las deemed it necessary and proper to 1 make estimate which includes the first 1 Years expenditure for three battleships | addition to the amount required for
 work on the uncompleted ships now under l construction. In addition to the natural 1 increase in the expenditures for the un- l c completed ships. and the additional bat l teship estimated for. the other increases gre due to the pay required for 900 or | niore additional enlisted. men in the navy
 ind to this must be added the additional l cost of construction imposed by the
 change in the eight-hour law which
 nakes it applicable to ships built in pri- i 'ate shipyards.
 The president then explained at some l ength the national reserve association | system recommended by the monetary | eommi ssion and urged congress to ex- | anime the plan impartially from all
 standpoints and then to adopt some
 plan which will secure the benefits de- l sired.
 Concerning the tarir he had little to
 say in view of the fact that new con gress has been elected on q platform
 of tariff for revenue only.
 Army Reorganization.
 On nou. ooo
 men. excluding the 5000 Philippine scouts | Leaving out of consideration the coast artillery force, whose position is fixed in | our various seacoast defenses and tho present garrisons of our various insular | possessions. We have today within the | continental United States mobile army of only about g. .606 men. This littl. force | must be still further drawn upon to sun | ply the new garrisons for the great naval | base which is being established at Pearl | Harbor, in the Hawaiian islands and 10 | protect the locks now rapidly approaching completion at Panama. The forces re
 maining in the United States are now scattered in nearly fifty posts. situated | for variety of historical reasons in
 twenty -four states, These posts contain only fractions of regiments ayeragipp less than 70o men each. In time of peaca | 1t has been our historical policy to ad minister these units separately bv q geo graphical organization. In other words our army in time of peace has never been
 united organization but merely seat tered groups of companies. battaifons and regiments. and the first task in time of
 war has been to create out of these scat tered units an army fit for effective team work and cooperation.
 To the task of meeting these patent defects. the war department has been ad . dressing itself during the past year A comprehensive plan of reorgauization was prepared by the war college division If the general staff This plan was thor oughiy discussed last summer at a series Of open conferences held by the secretary or war and attended by representatives from all branches of the army and from
 congress. In printed form il has haen distributed 10 members Of congress and
 throughout the army and the national
 guard. and widely through institutions Of
 learning and elsewhere in the United
 States. In it. for the first time. We have
 tentative chart for future progress.
 The National Guard.
 Under existing law the national c,,s~d
 constitutes. after the regular army tbe
 nrst line of national defense lie or-