The state herald., 1914-09-11
ASKS WAR LEVY OF $1OO,OOO,O0
PRESIDENT APPEALS EVERY PATRIOTIC CITIZEN AID IN
BEARING INCREASED TAXES MEET.
ING UNFORESEEN CRISES ARISING FROM CLASH IN EUROPE.

And yet without additional revenue
that plainly might become necessary
and the time when 1t became neces-
sary could not be controlled or deter
mined by the convenience of the coun-
try.
It would have to be determined by
the operations and necessities of the
treasury itself. Such risks are not
necessary and ought not to be run.
We cannot too scrupulously or careful.
ly safeguard financial situation
which is. at best, while war continues
in Europe, difficult and abnormal
Hesitation and delay are the worst
forms of bad policy under such condi.
tions.
Ought Not to Borrow.
And We ought not to borrow. We
ought to resort to taxation. although
We may regret the necessity Of put
ting additional temporary burdens on
our people. To sell bonds would be
to make most untimely and unjustifi-
able demand on the money market:
untimely because this is manifestly
not the time to, withdraw working
capital from other uses to pay the
governments bills; unjustifiable, be-
cause unnecessary.
The country is able to pay any Just
and reasonable taxes without distress.
And to every other form OF borrowing.
whether for long periods CT for short
there is the same objection.
Money Market Is Bad.
These are not the circumstances,
this is at this particular moment and
in this particular exigency not the
market to borrow large sums OF
money. What we are seeking Is to
ease and assist every financial trans
action, not to add a single additional
embarrassment to the situation.
The people OF this country are both
intelligent and profoundly patriotic.
They are ready to meet the present
conditions in the right way and tc
support the government with gener
GUS self-denial. They know and under.
stand, and will be intolerant only OF
those who dodge responsibility or are
not frank with them.
Must Accept Inevitable.
The occasion is not OF our own max.
ing. We had no part in making It,
But 1t is here. 1t affects us as direct.
ly and palpably almost as IL we were
participants in the circumstances
which gave rise to 1t.
We must accept the inevitable with
calm Judgment and unruffled spirits.
like men accustomed to deal with the
unexpected. habituated to take care OF
themselves. masters Of their own af.
fairs and their own fortunes. We shall
pay the bill. though We did not delib-
erately incur II.
Add 500. 900. 900 Revenue.
In order to meet every demand upon
the treasury without delay or perad.
venture. and in order to keep the
treasury strong. unquestionably strong.
and strong throughout the present
anxieties, I respectfully urge that ad.
ditiona! revenue Of $l00.000.0o0 be
raised through internal taxos devised
In your wisdom to meet the emer-
gency. The only suggestion take the
liberty Of making is that such sources
OF revenue be chosen rs will begin to
yield at once and yield with . certain
and constant now.
cannot close without expressing
the confidence with which I approach
a Congress. with regard to this or any
other matter. which has shown so un-
firing devotion to public duty. which
has responded to the needs OF the na-
tion throughout long session. des-
pite inevitable fatigue and personal
sacrifice and so large a proportion OF
whose members have devoted their
whole time and energy to the business
OF the country.