Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1912-12-13
G1VGREsS HEARS
SECOND MESSAGE
o..sident Tells of Treasury and
Army Affairs
.uII IppINEs ARE INCLUDED
-, e., Natives Independence De-
~" .d as Premature-Progress
~" of Panama Canal.


,+or Dec. 6.-Congr<sss today re-
Wasn ms, president Taft the second of
eeiVeu i Zoe to the short session. 1t
bis le ],tb Nscal. military, insular and
deals VIZ +so,re and In part is as follows:
judcSl ~ .d;tIon of the country with ref
the VoA BUSINESS could hardly be better.
G GsTs the four years OF the aolnlnlstIa-
W., %n' now drawing to close nave not ue-
u wv great speculative expansion OF =
's sa acid of new investment, the recoV-
S.nd nrogress made from the oepress-
e.! aonditions following the panic OF lSol
iuS Noon steady and the improvement
hS'' ,son clear and easily traced In the
lG .at;ce The business OF the country IS
IN q solid basis. Credits are not
~s wv. extended and every phase OF the
W. a'at,on seems in a state OF prepared
H'uNt Gov q period of unexampled prosper
ne Manufacturing concerns are running
W, W.. atf uli capacity and the demand for
o., ~ was never so constant and growing.
Nv NV ,,reign trade Of the country for this
I% iii exceed $4,000, 900, 900, while the
YEA in our favor-that of the excess
Dadn. o,to over imports-will exceed $780,
o. =, 80 Sna More than half our exports are
w.nnfoctures or partly manufactured
~atariaI while our exports of farm pro-
l aas.a d. NOT show the same increase Of
w. ,sstic consumption. It Is a year OF
s Su-ars, crops: the total money value Of
"na nroaucts will exceed &c. SOC, 200, 900. 1t
vac, when the bushel or unit price
!, ogrIcultural products has gradually
Susn and vet the total value Of the en-
s ,', cron Is greater by over $1,000, 900, 600
,Sor We have known in our history.
Condition of the Treasury.
Thu condition of the treasury Is very
..a.f.ctorv The total interest bearing
ssst Il s63 III, no, Of which $1S4, 6S1 $50 con-
',n,o the Panama canal loan. The nom
rsrpst- hearing debt is $37S, 301, 284. 80, In
rndirp sag. 81. O16 Of greenbackS. We have
N tbe treasury $3.50, 100000 in gold coin as
rpserve against the outstanding green
hacks. and in addition we have a cash
balance In the treasury as general fund
1NT1R. 1889, or an increase OF $26,975,-
Eg over the general fund last year.
Receipts and Expenditures.
For three years the expenditures Of the
twernment have decreased under the in
auence Of an effort to economic. This
year presents an apparent exception. the
estimate by the secretary of the treasury
0; the ordinary receipts, exclusive OF pos
al revenues for the year ending June
n 1914. indicates that they will amount
70 nTOlOO,0O0. 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 $732 600, 900, indicating a
deficit Of S22,0000o0. For the year ending
June 30, 1918, similarly estimated receipts
we're s6s7, 100000, while the total corre-
sonding estimate Of expenditures for that
year, submitted through the secretary of
The treasury to congress, amounted to
EsNNQT This shows an increase OF
yklW6OO In the estimates for 1914 over
The total estimates of 1918. This is due to
an increase o" $25.OOO0 600 IN the estimate
tr rivers and harbors for the next year
On projects and surveys authorized by
congress: to an increase under the new
pension bill of So, 500, coo; and to an In
crease in the estimates for expenses Of
The navy department of $24,000,000. The
estimate for the navy department for the
year 1918 included two battleships. Con-
gTeSS made provision for only one battle
ship, and therefore the navy department
has deemed it necessary and proper to
make sn estimate which includes the first
Years expenditure for three battleshiDs
N addition to the amount required for
work on the uncompleted ships now under
obstruction In addition to the natural
Increase In the expenditures for the UNI
completed ships, and the additional bat
uFSnlp estimated for, the other increases
eFe due to the pay required for 1900 or
more additional enlisted men in the navy,
'no 10 this must be added the additional
COSY OF construction imposed by the
Hanse in the eight-hour law which
laSeS 1t applicable to ships built in pri-
'ae shipyards
win the exceptions of these three
a asIs the estimates show a reduction
, vs year below the total estimates for
".S OF more than $1,000, 900.
ine estimates for Panama canal con-
tr 1913 T-''O'O'''V -0 $3.50
NE president then explained at some
mpsm the national reserve association
ZEN recommended by the monetary
~nuHSsion and urged congress to ex-
s ane the plan impartially from all
s,.u and then to adopt some
si saa which will secure the benefits de-
rrVFeerning the tariff he had little to
~ ~ View Of the fact that a new con-
:. mas been elected on a platform
"'ln for revenue only.
Army Reorganization.
=, s| small army now consists of SO. 500
So, ,r sAc'udlng the 5000 Philippine scouts
,- sT,,,.s out of consideration the coast
n, Iorce. whose position is fixed In
,.,, .a''ous se2coast defenses, and the
rssI, sarrsons of our various insular
cor t'sS.onS' We have today within the
# final United States mobile army
ms, "oout 5000 men. This little force
Nh ~ SUI further drawn upon to sup
4 u.s. 80" garrlsons for the great naval
\ Hsrbo.. '' ~, IS being established at Pearl
er.so,' IN the Hawaiian islands, and to
@rps., rle locks now rapidly approaching
ns9in, al Panama. The forces rer
kars-sss N the United States are now
d. IN nearly fifty posts, situated
N,n,y s.aElety of historical reasons in
Ny f,o. So states. These posts contain
lss ,a lions -.ls of regiments, averaging
/ lse ~ {" men each. In time of peace
eiais;e, In ts our historical policy to adj
ssabic.,' 'tese units separately by a geo.
CT ann. ,organization. In other words.
rua,a; N ume OF peace has never been
leea v,,.. orsanization but merely scat
Asrs,tNS OF companies, battalions and
W has ana the first task in time of
Ind mir W 10 create out of these scat
tCa ana ,S On army fit for effective team
cooperation.