The Hawaiian gazette., 1914-10-09
RECKLESS EXTRAVAGANCE,
NOT WAR, is CAUSE OF
TREASURY DEFICIT
scATHING DENUNcAToN or PRESIDENT WILSON AND HIS
ADMINISTRATION BY MINORITY IN WAYS AND
~ MEANS COMMITTEE
THE PEOPLE ARE EC0NOMzlNG, LET CONGRESS FOLLOW
sun, SAYS SERENE e. PAYNE-NECESSITYt
80 FOR WAR-TAx IMAGINARY

no carpets and no new clothing. They
limit themselves strictly 10 the neces
stiles of life, they Indulge in no ex
travagances. Carpet factories and
clothing manufacturers have been
cIosed Very largely during the past few
months because OF the economy Of tn
people.
'swhy should not the administration
redeem its solemn pledges made TO IN
people in 1919 and practise economy IN
government expendituresE They onqh.
not TO use all the money that Is appro
priated, They can indulge In economy
Of their own motion and without any
further legislation by congress. OF
course the President has the right u
come to congress aud ask for taxes
u would seem, however, that he nigh
have called his cabinet together and
impressed upon overy one of them the
absolute necessity OF economy.
Free Trade, Not War, Cause OF Deficit
Ii IL difficult to predict what the re
suits would have been for the present
fiscal year had there been no war II
Europe Bad business conditions would
have had their usual effect upon the
revenues. They would not have
been that increase In income taxes
on account Of covering the whole
calendar year instead Of ten months o.
the calendar year 1918, because il is
fact known to everybody that income
have been greatly curtailed during tn
present year. This Is true in every
direction. The outlook for customs,
revenue for 1915 gave no hope for i'm.
provement over the $26T ,O00,000 collect
cd solely under the Underwood law |
1914. There would have been an addi
ton TO the miscellaneous receipts Of
$l2 100000 because of the amount re
ceived for the sale of two battleships
Altogether, we would have gotten
out with a small deficit, probably, UNI
less the administration and congress
had carried out 10 the full the reckless
expenditures which the appropriation
already made would seem 60 indicate.
Haste Makes Waste
There is no immediate danger &c
the treasury. We have an available
balance in the treasury larger than the
average since the administration came
into powerfully per cent larger than
Il was in April and May last. We
could have lived very comfortably with
out any additional revenue until afte
congress convenes next December (if il
ever adjourns), and we would be 10
much better condition then to know
the facts and what - necessary to be
done. u b Nf
As we have said before, the people
Of the United States, from one end of
the land TO the other, are economizing
in their living expenses. IL we should
defeat this bill we would then compe'
the administration to economize or re.
sort to bond issue. Economy would
save the people from this unnecessary
taxation, either now or hereafter for
the payment of bonds.
Remedy Republican Rule
'.Had the country during the time
that the Democratic trait has been in
force reserved the resources which were
growing from year to year under the
beneieence of Republican tariff legisla-
ton, we would be fully equipped TO
enter upon any contingency that might
arise because Of the war In Europe,
That the baneful effects of this war
npon our financial resources will grow
less in the months to follow il plainly
evident from the improved situation Of
the last few days. There is already a
flew Of our wheat aud cotton to Eu.
Ope, and even our manufacturers are
icing called upon TO supply the wastes
| lue to the war. On the other hand,
the war has the effect Of protective
tariff npon the products of foreign
manufacturers. 81 t'.#... ~. D." 49,
These facts present accumulatiye
reasons TO show that the relief de nand
cd is only temporary and strong argu'
nent in favor of taking advantage OF
| the wise Republican law enacted fol
the purpose of meeting this very emer
gency by temporary loans
| There Is no excuse for making Q
tax levy of $l05,000000 per annum and
| pile up in the treasury this unneees
sary general balance, which will prov,
a strong incentive 10 extravagant ex
penditWes. Y aaa