The Julesburg grit-advocate., 1912-12-12
CONGRESS HEARS
SECOND MESSAGE
President Tells Of Treasury and
Al y Affairs.
PHILIPPINES ARE INCLUDED
Bill Tor Natives Independence o.
Hsuaesd as Prematuee-eresrsss
OF Panama Canal.

-" sos NAt'vss lnoepSNoeHnce D.
Heuaesd AZ Premsture-ereSrsss
Of Panama Canal.
Washington D~c 6-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 az follows:
The condition Of the country with ref
srence to business could hardly be better.
While the four yeaF0 of the admnistra-
ton now drawing to . close have not de-
veloped great speculative expansion or q
wide neld 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 been clear and easily traced In the
statistica The business of the country is
now on . solid basis. Credits are not
unduly extended and every phase of the
situation seems In a state of prepared
ness for a period OF unexampled prosper
Ny. Manufacturing concerns are running
at their full capacity and the demand for
labor was never 80 constant and growing.
Tho foreign trade of the country for this
year will exceed ". 900. .ooo. o0o while tho
balance In our favor-that of the excess
Of exports over imports-will exceed $780,.
90. 000 More than half our exports are
manufactures or partly manufactured
Ducts do not show the same increase Of
domestic consumption. II Is year Of
bumper crops; the total money value Of
farm products will exceed . 500 o00. 900. II
70 year when the bushel or unit price
Of agricultural products has gradually
fallen and yet the total value of the en-
tire crop IL greater by over 81 1000, 10000
than We have known In our history.
Condition Of the Treasury.
The condition of the treasury is very
satisfactory. The total interest bearing
debt Il sess TT.7o. OF which S134. .6sl, $50 con-
stiute the Panama canal loan. The non
interest bearing debt is &37s. .30l, ,2st.90. In
clUding $3+S. .0l6 of greenbacks. We have
IN the treasury $50 900 900 in gold coin as
q reserve against the outstanding green
backs: and In addition We have a cash
balance in the treasury as a general fund
of $ls7. 152. 1893. or an increase Of tes.s75.-
- over the general fund last year.
Receipts and Expenditures.
For three years the expenditures of the
government have decreased under the in
Auence Of an effort to economixe. 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
%, 1914. indicates that they will amount
to S17p. 600. 200. The sum OF the estimates
Of the expenditures for that same year.
exclusive of Panama canal Disbursements
and postal disbursements payable from
postal revenues Is t132. 600 900. indicating a
deficit of So 100000. For the year ending
June %. 1913. similarly estimated receipts
were S6S7 100000, while the total corre-
spending estimate OF expenditures for that
year submitted through the secretary Of
the treasury TO congress. amounted to
ed66. 900 900. This shows increase OF
90. 600. 900 in the estimates for 1914 over
the total estimates Of 1913. This is due to
AoS nnSl
for rivers and harbors for the next year
on projects and surveys authorized by
congress: to an increase under the new
pension bill of 49,. 900 coo: and to an In
crease In the estimates for expenses OF
the navy department of 324000.0o0. The
estimate for the navy department for the
year 1913 included two battleships. Con-
gress made provision for only one battle
ship and therefore the navy department
has deemed It necessary and proper to
make an estimate which Includes the first
years expenditure for three battleships
In addition to the amount required for
work on the uncompleted ships now under
construction. In addition to the natural
increase In the expenditures for the un-
completed ships. and the additional bat
tleship estimated for. the other Increases
are due 10 the pay required for 1000 or
more additional enlisted men in the navy.
and to this must be added the additional
change In the eiEht-hour law which
makes 1t applicable to ships built In pr-
vate shipyards.
With the exceptions Of these three
items. the estimates show a reduction
this year below the total estimates for
1918 of more than $4,000. 900.
The estimates for Panama canal con-
struction for 1914 are $l7. .0do 900 less than
for 1913
The president then explained at some
length the national reserve association
system recommended by the monetary
commission and urged congress to ex-
anime the plan impartially from all
standpoints and then to adopt some
plan which will secure the benefits de-
sired.
Concerning the tariff he had little to
say in view of the fact that a new con-
Eress has been elected on a platform
of tarif for revenue only.
Army Reorganization.
Our small army now consists of ST. so9
men, excluding the 5000 Philippine scouts
Leaving out of consideration the coast
artillery force, whose position Is nxed In
our various seacoast defenses. and the
present garrisons OF our various insular
possessions, have today within the
continental United States a mobile army
of only about 1900 men. This little force
must be still further drawn upon to sup
PLY the new garrisons for the great naval
base which Ia being established at Pearl
HRfhor, in the Hawaiian islands. and to
protect the locks now rapidly approaching
completion at Panama. The forces re-
naming 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 averaging
less than 100 men each. In time of peace
It has been our historical policy to ad-
minister these units separately by 4 geo
graphical organization. In other words,
our army in time Of peace has never been
. united organization but merely scat
tered groups of companies, bsttaltons and
regiments. and the first task in time Of
war has been to create out of these scat
tered units army At for effective team
work and cooperation.