Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1912-12-12

=" sfV'h fresiuent Trft the second OF
messages to the short session. 4,
- with fiscal. military. tnU,Iar ana
ciai Affairs and In part Is as follows,
ne condition OF the country with ref
encs 70 business could hardly be better
ale the Tour years Of the adminIStrn-
. nov oraw'fr 70 n close have not de-
eoped xre,s Speculative expansion or q
oe neid "a hew investment. the reeov-
and erogrcss, made from the aep-~ss-
eensNions following the panic OF 100;
ceen steady ast tie improvement
/oeen clear and easily traced in tn.
>csticA The business os the country is
sw on solid basis. Credl,s are not
nduiy extended and every phase o. the
seems N state OF prepared
- . per;odsef snexampisd prespsr-
y Manufacturinr concerns are running
their fnll capacity and the demand for
oor vas never 40 constant and growing
ne foreign trade OF the country for this
var viii exceed 5000 0og no. yvhtle III.
Daiarcs In our favor-that % the excess
exports over imports-will exceed $50
m.@ More than half our exports are
nanunctrrcs or partly manufactured
material. while our exports OF farm pro-
9ucU DO not show the same Increase OF
eoncstic consumption. II Is. a year o.
bumper crops, the total money value Of
farm products win exceed g. so0.o .ocn. COO. II
- ycar when the hushe or unit price
~ Agricultural products has gradually
fArien. and yet the total value or me en-
ore crop is greater BY over 81. on ooo. 90
nsa We have known In our history.
Condition Of the Treasury.
rbs condition OF the treasury is very
0tfsfartcry. Tho total Interest -hear ring
orot n -. III ~. OF which sl3i s3i $50 con
btfute the Panama canal loan The non
ntercst-b>rr'ng debt is s77S, s0i ga 90 in
siuding x3fs. .s7l .1is OF s-eerSacks We have
n tse treasury si5nooo0o IN gold coin as
reserve against the outstanding green
hacks; and In addition We have cash
balance In the treasury as a general fund
Of sisI. i0. rs.ss. or an Increase Of r-is-s.-
- over the general f'ind last year
Receipts and Expenditures.
For three years the expenditures ~ IN.
government have decreased under the In
euence OF an e~ort TO economics. This
year presents an apparent exception. The
sstfmate ~ the secretary Of the treasury
u the ordinary receipts exclusive OF pos
eni rcverucs. for the year ending June
"a fs1t Indicates that they will amount
% y17o. .ooo. oco The sum of the estimates
ef the expenditures for that same year.
exclusive OF Panama canal disbursements
md postal disbursements payable from
postal revenues is ~ 0oo ooo. indicating a
A<ncft Of -. o.coo. For the year ending
June -. 1919 similarly estimated receipts
vsre sss7 90. while the total corre-
spending estimate Of expenditures FOR that
pear. subr1itted through tire secretary OF
ne frc-snry 10 congress. amounted 10
eBkcor 90 This show. an Increase OF
@m 900 In the estimates for 1914 over
ehe total estimates % 1917 This is due to
an increase OF s-s &C 90 in the estimate
eor rfv-r~ and harbors for the next year
n projects and surveys authorized by
opnRrpno. to an Increase under the new
psnssn bill OF 81 so Np1: and 20 an in
QSass IN tho estimates for expenses %
she navy department. % 81. .aco. Tn.
Otfmate for tire navy department for the
par rsf3 Included two hattleships- Con-
gre3 made provision for only one haftie-
snip. ana therefore the navy department
has deem>f 70 nece@= - and proper n
make an estimate which includes the first
yerrrs expenditure for three hattle=hips
u ntfirion TO the amount required for
vork on the rncorrp'efst ships now under
epr.st-ucrtcn- In addition TO the natural
ncrcsse IN the expenditures for the IN
srnpiefef ships. and the additional bat
Ceship estimated for the other Increases
are Cue to the pay required for 400 or
Uure additional enlisted men In the navy.
and to this must Be added the additional
spst OF construction imposed By the
change In the elSht-hour law which
makes u applicable 20 ships built In pri-
vate shipyrrts
rne president then explained at some
nngth the national reserve association
system recommended by the monetary
sommisston and urged congress 10 ex-
anime the plan impa rtially from all
0eAAdpoints and then to adnnf some
Uoaa which viii secure the benefits de-
os~d-
conc<rninx the tariff ne had little to
- g. 49, rau
oSess has been elected on platform
- thrift for revenue only.
Army Reorganization.
Our small army now consists OF 6 Ss
Dor, sxciuding the 5e0o Philippine scouts
Aaavfnx out of consideration the coast
ouurlsry force, whose position Is ixed in
en- various seacoast defenses. and the
1Fussnt gurrisons OF our various insuinr
Dunpuuu4ons we have today within the
onnffnental United States n mobile army
q ouay about e go men This little force
0nBt Be still further drawn upon 70 sup
~ the new garrisons for the great naval
knns which Is being established al Pearl
Rnx&pr. in the Hawaiian Islands. and 10
nrotect the locks now rapidly approaching
oumpietfon at Panama The forces re-
uatnYnx In the United States are now
erattrred in nearly nifty posts, situated
ebr Q variety OF historical reasons IN
tveufy-four states. These posts contain
nfy fraction. Of regiments. averaging
- than 100 men each In time OF peace
= hes been our historical policy to ad
ukfnister these units separately BY a geo
graphical organization In other words.
ur army IN time OF peace has never been
q united organization but merely scat
or~d groups OF companies. battalions and
rvwfuents and the hrst task IN time OF
Gar has been TO create out OF these scat
0nred units an army At for effective team
UprH and cooperation.
10 the task OF meeting these patent
Dufects. the war department has been ad-
Apsufnr itself during the past year. A
eurporeheustys plan OF reorganization was
red by the war college division OF
khe reneral star. This plan was thor
surhIy discussed last summer at series
z open conferences held by the secretary
n war and attended by representatives.
from all branches OF the army ana rom
congress- In printed form II mas oeen
listrtbuted 70 members OF congress and
ebrouxhout the army and the national
~uard. and widely through institutions o.
Iarn,nx and elsewhere in the United
nfntes. In II. for the first time. We have
: tentative chart for future progress
The National Guard.
yInder existing law the national guard
~op.tftutes. after the regular army. the
arvt lire of national defense It's or
s.pixation. discipline. training. and equip
1.rt under recent legislation. have been
ssarniiated. as far as possible. TO those
- IN. regular army. and its practical
sfrrf-ncv. under the effect OF thls train-
80 ha. ve-y greatly increased Our cih-
- ,o.aisrs under present eonoiuons
~. reached a stage OF development %
-A wh,ch they cannot reasonably %
~r 20 no without further direct as
Et.,cs IN the form Of pay from the fed
s-ri government. On the other hand seen
~ frou, the national treasury would no.
.p,tifed unless IT produced proper
sutvaisnt In additional sfncisnSs On ens