Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1912-12-07
Taft SUBMITS
MESSAGE TO-DAY
yContinued From Page H.

yContinued From Page j.
massage of the pending militia-pay Dill
designed to make service in the mil
tia more enticing, and showed thai
the home army will be nothing more
than skeleton" until congress pro
yides that it be concentrated in fewer
nosts than are now maintained he
urged also the passage of another bill
now before congress designed to raise
quickly a volunteer army III case o.
war. ... ... .- g..
President Taft did not approve the
proposal for immediate autonomy ior
the Philippines and independence IN
eight wears as proposed In bill pend
ing in congress.
I'm the Philippine Islands we have
embarked upon an experiment I'M
precedented in dealing with depend
ent people" said President Taft. We
are developing there conditions ex'
clusiyely for their own welfare.
Through the unifying forces OF a com.
mon education, of commercial and
economic development, and Of gradual
participation in local self-government,
we are endeavoring to evolve
HOMOGENEOUS people fit to determine
when the time arrives, their own des-
tiny. We are seeking to arouse ma
tional spirit and not, as under the
older colonial theory, to suppress such
4 spirit. But our work is far from
done. Our duty to the Philippines IS
far from discharged"
B. H.. 70
cal reasons, the president said, this
country should not consent to grant
independence at this time.
III the task we have undertaken Is
higher than that assumed by other
nations continued the president, Its
accomplishment must demand even
more patience. To confer independ-
ence upon the Philippines now Is
therefore, to subject the great mass
OF their people to the dominance OF an
oligarchial and probably, exploiting
minority. Such course will be as
cruel to those people as 1t would be
shameful to U.S."
Discussed Prosperity.
IN addition to his advice in regard
to legislation and his opposition to
pending measures, the president dis
cussed the prosperity OF the nation,
its financial condition and the propos-
ed system of a national budget show.
ing proposed expenditures and rev.
enues; and called attention to the
balance in the general fund of the
treasury, of almost $170,000,0o0. His
remarks on the budget system, he
said, would be submitted to congress
later accompanied by model bud
get.
The Presidents Message. -.
The condition Of the country with
reference to business could hardly 20
better. While the four years OF the
administration now drawing to close
have not developed great speculative
expansion or a wide field of new In
yestment, the recovery and progress
made from the depressing conditions
following the panic Of 1907 have been
steady, and the improvement has been
clear and easily traced in the stat1s-
tics. The business of the country IL
now on a solid basis. Credits are not
unduly extended. and every phase OF
the situation seems In state OF pre-
paredness for a period Of unexampled
prosperity. .z. ........ ...s
Manufacturing concerns are run
ming at their full capacity, and the
demand for labor was never 80 con-
slant and growing. The foreign trade
Of tho country for this year will ex-
coed 1900 O0O, 900, while the balance
In our favor-that Of the excess Of ex-
ports over imports-will exceed $780,
100000. e.....
1t 10 year Of bumper crops. The
total money value of farm products
Will exceed So, 800 0OO, 900. 1t is year
when the bushel or unit price Of agrt-
cultural products has gradually fallen.
and vet the total value of the entire
crop Is greater by over $1,000, 100000
than We have known In our history
Condition Of the Treasury.
The condition Of the treasury Is very
satisfactory. The total interest bear
Ing debt II 1893, 777.77O, Of which $134,-
831 $50 constitutes the Panama canal
loan. The noninterest bearing debt is
s378, 3O1 ,2849O, including $846, 6S1 ,016
Of greenhacks. We have in the treas
dry $4,000, 900 in gold coin as a re-
serve against the outstanding green
backs; and in addition we have cash
balance in the treasury as general
fund Of $1o7, 1852 ,47899. or an increase
pf S2s,91o,5 52 over the general fund
last year.
Receipts and Expenditures.
For three years the expenditures OF
the government have decreased under
the influence of an effort to econom1ze.
This year presents an apparent excep-
lion. The estimate by the secretary OF
the treasury of the ordinary receipts.
exclusive Of postal revenues. for the
year ending June 80. 1914. indicates
that they will amount to $71O.OOO.OOO.
The sum Of the estimates Of the ex-
pent itures for that same year. exclu-
siye of Panama canal disbursements
and postal disbursements payable from
postll revenues. is S732,OOO,OQO. 1ndi-
eating a deficit of s22.0OO.OoO.