The Julesburg grit-advocate., 1914-09-10
ASKS war LEVY OF $10o,000,00O|
saEso<Mv evGav eATaorc CITIZEN TO AID IN
oGAaMo 0uaoEM TAXES AND IN MEET
UMsoasGGM EUROPE

WaAAinGtOa. 9eD1 s. - Preside4t
Wilsoa personally addressed Cos-
grsss IN Joint session Friday. urging
leEslattoa to raise Slee. 900 0oe . year
additional FevenNs through iAtersal
taxes to meet Q treasury deficit
threstsned by ths coaflict IN Europe.
The Presi4ent sai1:
Geatlsmea Of the Coagrsss: come
to yos today to discharge duty which
I vlsA With all ny heart I might have
bssa spared: but It h duty which 10
very clear. and therefore I perform 1t
without hesitatioo os apology. l come
to ask very earnestly that additional
reveaus b. provided for the govern
meat.
During the month of August there
vas. "a compared With the correspond
ing meath Of last year. . falling OF Of
el0. 50 .S3S In the rsveaues collected
from customs. A continuation Of this
decrease in the same proportion
throughout the current fiscal year
would probably mean . loss Of Gus
toms revenues Of from es0.000.o0o to
500. 900. 900.
War ceaditieno Shaved.
need not tell you to what this
falling off 10 due. II b due In chief
part not to the reduction recently made
In the customs duty. but TO the great
decrease In importations: and that ID
due to the Extraordinary extent Of the
Industrial area Affected BY the present
war in Europe.
Conditions have arisen which no
man foresaw: they Affect the world
Of commerce and economic production
and they must b faced and dealt
with.
It would b very unwise to postpone
dsaiiag with them. Delay in such q
nattee. and in the particular circum
stances in which ws now find our
solves - . natioa. might involve CON
sequeaees Of the most embarrassing
and most deplorabie sort, for which l.
for oao. would NJ care to bs responsi.
blA
oltsataea 10 oaN0sreue.
q would b very dangerous in the
Dreesat circumstances to create . mo.
meats doubt - to the strength and
oaffic1e0ey Of the treasury OF the
Unitsl States: its ability to assist. to
steady aad sustain the financial opsr-
atioas oe the couAtry's business.
II The treasury y known or even
thougAt to b weak where will be our
peace Of .mind3 Tho whole industrial
activity Of the country would b
eAillod and demoralised. Just now the
peculiarly difficult financial problems
q Tie moment are being successfully
DEALT with. with great sslf possession
ed good sense aAA very sound judg.
neat; bat they are oaly II process Of
betng worked out
Would kssp Trsasury ssiId.
II the process at solution 10 to be
completed, no one must bs given rea,
90 to doubt the solidity and adequacy
q the treasury Of the government
which stands behind the whole meth
- BY which our difficulties are being
met and handled.
The treasury itself could get along
for . considerable period. no doubt.
without immediate resort to new
sources of taxation. But At what cost
to the business Of the community
Approximately SIS. .oo0. 900. large part
of the present balance. IL now on de-
posit with national banks distributed
throughout the country. It is de
posted, Of course, on call.
Withdrawals May d Needed.
need not point out to you what
the probable consequences Of incon
venience and distress and confusios
would be II the diminishing income ol
the treasury should make 1t necessary
rapidly to withdraw these deposits