The Idaho Springs siftings-news., 1912-12-14
CONGRESS HEARS
SECOND MESSAGE
President Tells OF Treasury and
AI..y Affairs.
PHILIPPINES ARE INCLUDED
BIZ for Natives nGcpenSennee De-
nounceo as remature-ProGress
Of Panama Canal.

Washington, Dec. s-Congress today re-
celved from President TAFT the second OF
his messages TO the short session II
deals with fiscal, military. insu!ar ana
judicial aralrs and in part IS as follows
The condition of the country with ref
ereuce to business could hardly be better.
While the four years Of the adrnlnistra-
ton now drawing 10 close have not de-
Veloped great speculative expansion or
wide field OF new investment. the reco'-
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
statistics. The business OF the country Is
now on a solid basis. Credits are not
unduly extended and every phase OF the
situation seems In state OF prepared
ness FOR period Of unsxampled prosper
ity. Manufacturing concerns are running
at their full capacity and the demand Tor
labor was never so constant and growing.
The foreign trade of the country for this
year will exceed 81 90 900 900, while the
balance In cur favor-that Of the excess
OF exports over imports-will exceed 800
ctJ 90 More than half our exports are
manufactures or partly manufactures
material while our exports Of farm pro
ducts do not show the same Increase OF
domestic consumption. It Is a year or
bumper crops. the total money value OF
farm produces VIII exceed 50 500 0No, 60. 1t
Is year wNsn the hushel or unit pHce
Of agricultural products has gradually
fallen. and yet the total value OF the en-
tire crop is greater by over 'l,o"9 o"y,on
than We have known In our history
Condition OF the Treasury.
IN. condition OF the treasury IL very
,,,tsfactorv The total interest bearing
debt is 1858 TT 10 Of which slA b3l $50 con
,,jute the Panama canal loan The nom
interest bearing debt is s37s, ,3Ql ,2S4 90. In
cluding s34s s7i OILS OF greenbacks. We have
in the treasury $50 GO .ood IN gold coin as
= reserve against the outstanding green
backs; and In addition We have cash
balance IN the treasury as a general fund
OF sl67, ,l52. ATS 20, or an increase OF s26ts'5'-
Ga over the general fund last year.
Receipts and Expenditures.
For three years the eHpe nditures OF the
government have decreased under the IN
fuence OF an. EFFORT to economize. rms
year presents an apparent exception. the
estimate by the secretary o, the treasury
Of the ordinary receipts. eSciusiv" OF pos
tai revenues. for the year ending June
30 1914 Indicates that they will amount
to $40. 90 go The sum Of the estimates
Of the expenditures for that same year.
exclusive Of Panama canal disbursements
and postal disbursements payable from
postal revenues II 81, u" 900. indicating
terrIt of So 90 QnN. For tn" year ending
June 30, 1878. similarly estimated receipts
were $50 rao.0 while the total CORE
ppO0Glrg estimate OF fNp'Ii'ht'ti'7 i'l '''''t
year. submitted through the secretary OF
the treasury to congress, amounted to
$685.. eco 0oa. This shows an Increase OF
SIS COZ, COO In the estimates FOR 1914 over
the total estimates Of 1913 This is due to
an Increase of SIS 90 tE6 In the estimate
for rivers and harbors for the next year
on projects and surveys authorized by
congress to an increase under the new
pension bin Of So 10000: and to an In
crease In the estimates for expenses or
M a
estimate for the navy department for the
year 1919 Included two hattleships. Con-
gress made provision Tor only one battle
shin and therefore the navy department
has deemed II necessary and proper TO
make an estimate which Includes the hrst
wear. exn.nditure for thre" battleships
in addition to the amount required Tor
work on the uncompleted ships now under
construction In addition tn tho natural
Increase H. the expenditures for the un-
completed ships and the additional bat
tleship estimated for the other Increases
are due to the pay required for 4.'n or
more additional enlisted nsfn in the navy
and to this must be added the addltlona
cost of construction imposed by ,he
change In the eight-hour law whicf
makes II applicable TO Ships built in pri-
Natc shipyards.
win the exceptions OF these three
items the estimates show reductlor
this year below the total estimates FOL
1913 Of more than 5000. 900.
The estimates for Paua ma canal con
.tructlon for 1914 are $1,000 600 less thar
FOR 1918
The president then explained at som'
length the national reserve association
system recommended by the monetar,
commission and urged congress to ex
anime the plan tmpartially from al
standpoints and then to adopt som'
plan which VIII secure the benefits de
sired
Concerning the tariff he had little I,
,ay in View OF the fact that new con
eress has been elected on a platform
Of tariff for revenue only
Army Reorganization.
our small army now consists OF S2 20
men. excluding the 5000 Philipp'n" scouts
Leaving cut OF consideration the coas
artillery force. whose position is fixed II
our various seacosst defeusss. and tn
present rarrieors OF our various insula
possessions We have today within tn
continental United States "a mobile arm
Of only about 35."'0 mea. This little fore
must be stili further drawn upon to sup
rIV the new Garr!sons ror the great nava
base which Is being established at Pear
JTaybor In tho Hawaiian islands. and t
pruteet The locks now rapidly approachin
completion at Panama The forces re
naming in the United states are no'
scattered In nearly nfty posts, situate
for variety OF historical reasons +
twenty four states. These posts contai
only fractions OF regiments, ANeraRln
less than 100 men each In time of peac
It has been our historical policy to nd
minister these units separately by a gee
graphical organization. In other word.
our army in time Of peace has never bee
a united organization but merely sea,
tered groups OF companies. battal!uns an
r,-tments and the first task In time c
war has been to create out Of these scat
tered units an army At for effective team
work and cooperation.
Tia. Ii Want