The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1912-12-14
CONGRESS HEARS
SECOND MESSAGE
President Tells Of Treasury and
Army Affairs.
PHILIPPINES ARE INCLUDED
Bill for Natives Independence De-
nounced az Premature-Progress
OF Panama Canal.

OF Panama Canal.
Washington. Dec. s-Congress today re-
eeived from President Taft the second of |
his messages to the short session. 1t |
deals with fiscal military. insular and |
judicial affairs and In part Is as follows: |
The condition of the country with ref |
erence to business could hardly be better. |
While the four years of the administra-
ton now drawing to a close have not de-
veloped great speculative expansion or a
wide field of new investment, the recov-
cry and progress made from the depress-
Ing conditions following the panic Of 1907
have been steady and the improvement
has heen clear and easily traced in the
statistics. The business of the country is
now on a solid basis. Credits are not
unduy extended and every phase of the
situation seems In state of prepared
ness for period OF unexampled prosper
tty. Manufacturing concerns are 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 $4,000 900. 000 while the
balance in our favor-that of the excess
of exports over imports-will exceed $780,
900. 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
bumper crops the total money value OF
farm products will exceed 50. 500 900, 900. 1t
Is a year when the bushel or unit price
of agricultural products has gradually
fallen, and yet the total value OF the en-
tire crop is greater by over 81 1000 100000
than we have known In our history,
Condition Of the Treasury.
The condition of the treasury Is very
satisfactory. The total Understanding
debt is 1868 TT. TO Of which $ls4 6Si, $50 con-
stiute the Panama canal loan. The non
lnterest-b bearing debt is $S7S.Sof2Si 30. In
GLIDING 3346 671 .0l6 OF greenbacks. We have
In the treasury $3.50 100000 in gold coin as
q reserve against the outstanding green
backs. and in addition we have cash
balance In the treasury as a general fund
of sl67. 152 1850, or an Increase OF s26,9Ib.-
~ over the general fund last year.
Receipts and Expenditures.
For three years the expenditures OF the
government have decreased under the In
nuence of an effort to economize. This
year presents an apparent exception. The
estimate by the secretary of the treasury
of the ordinary receipts exclusive of pos
tai revenues, for the year ending June
o. 1914 indicates that they will amount
to $40, 900 900, The sum OF the estimates
of the expenditures for that same year
exclusive of Panama canal disbursements
and postal disbursements payable from
deficit of 500 100000. For the year ending
June 30. 1918. similarly estimated receipts
were 1867 ooo, oO0 while the total CORE
spending estimate of expenditures for tina
year submitted through the secretary O
the treasury to congress, amounted t.
s656 900 900 This shows an increase o
SIG 900 900 In the estimates for 1914 owe
the total estimates OF 1918. This Is due t
an increase of SOS 900 goo in the estimat
for rivers and harbors for the next yea
on projects and surveys authorized b
congress-: to an Increase under the nes
pension bill of s325oo,ooo; and to an In
crease in the estimates for expenses o
the navy department Of HaocoWO IN
estimate for the navy department FOR Tn
year 1918 included two batteships. Con
gress made provision for only one battle
shin. ana therefore the navy department
has deemed 1t necessary and proper I
make an estimate which includes the mrs
years expenditure for three battleshlr
In addition to the amount required to
work on the uncompleted ships now unde
construction. In addition to the naturi
increase IN the expenditures for the III
COMPLETED ships and the additional ba
tleship estimated for. the other increase
are due to the pay required for 1000 {
more additional enlisted men In the nav!
and 10 this must be added the addition'
cost OF construction imposed by u
change in the eight-hour law whie
makes II hppncdple u shipS p"iiN =" -
yate shipyards
with the executions of these thru
items the estimates show reductie
this year below the total estimates {,
1919 OF more than s5,o0o,ooo
The estimates for Panama canal col
struetion for 1914 are sl7oc'cco less tina
for 1918
The president then explained at son
length the national reserve associate
system recommended by the moneta
commission and urged congress to e
anime the plan impartially from 6
standpolnts and then to adopt sor
plan which will secure the benefits d
sired.
Concerning the tariff he had little
saw in view OF the fact that new CO
rress has been elected on a platfoI
of tariff for revenue only.
Army Reorganization.
Our small army now consists of 81,
men. excluding the 5000 Philippine scou
Leaving out OF consideration the COZ
artillery force, whose position Is fxed
our various seacoast defenses, and I
present garrsons of our various insu
possessions We have today WITHIN
continental United States mobile arr
Of only about 5000 men. This little fol
must be still further drawn upon to s,
ply the new garrisons for the great ma
base which is being established at Pc
Harbor, in the Hawaiian islands. and
protect the locks now rapidly approach
completion at Panama The forces
naming in the United States are n
scattered in nearly fifty posts, situa
for a variety Of historical reasons
twenty-four states. These posts cont
only fractions of regiments. averag
less than 200 men each. In time OF pc
n has been our historical policy TO
minister these units separately by g
graphical organization In other we'
our army in time OF peace has never b
. united organization but merely Sc
tered groups OF companies, battalions
regiments and the first task in time
war has been TO create cut Of these So
tered units an army fit for effective te'
work and cooperation