The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1914-09-04
Urges Immediate Action
Looking Toward Raising of
Hundred Millions Through
Internal Taxes.
DIMINISHING INCOME
OF TREASURY CAUSE
For Protection of Country at
Large, Members of Congress
Are Earnestly Requested to
Arrange for Emergency.

Washington, sept 4.-Presidens
Wilson personally addressed congress
In Joint session today urging legisla-
tion TO raise 100000. 600 a year addl-
tional revenue through internal taxes
to meet u treasury deficit threatened
by the conflict in Europe.
The president told congress that he
discharged outy which ne wished
with all his heart he might have been
spared. but which he performed with
out hesitation or apology. because OF
the danger in present circumstances
TO create a moments doubt AS TO the
strength and suillcicncy OF the treas
ury Of the United states"
while the treasury. he said. could
Get along for considerable period.
he pointed out the peril Of the govern
ment's Withdrawing from national
banks approximately $4,000. 600 OF
the treasury balance deposited there.
advised against the government Oor-
rowing money or selling bonds which
would make a most untimely and un-
jusiihaole demand on the money mar
ket." and appealed 20 The intelligence
and profoundly patriotic public To
bear the burden ~ a special tax To-
meet the Unforeseen emergency.
Congress listened atteniively To the
address. Immediately on it's conclu-
sion the legislative machinery was set
In motion to carry It's recommenda-
tions into cffect Chairman Underwood
called "a meeting Of the ways aud
means committee 10 perfect an intern
az revenue measure tentatively drafted
iu preliminary conferences. a bili
will be introduced as soon as possible.
The president began reading his ad-
dress al ~. 30 O'Clock
President Wilson gave finnl touches
tu his war revenue message Just be-
fore taking IL 90 the capitol 60 read to
q joint session % the senate and
house. Senators had made early
preparations To go 10 the house cham
ber to hear the address and Majority
Leader Underwood had ready "A cali
for an immediate meeting OF The ways
and means committee to complete a
| special revenue bill for submission
next week.
The president decided To cunfine
his message TO an outline of the need
| for emergency revenues without sus-
gesting the way 10 raise them.
The house ways ana means commit
tee has 0een working on the revenue
bin for some time hut all informa
tion over its plans has been withheld
in order not 20 excite opposition from
| Interests or lines OF business that
| probably viii be affected. Mr. Un-
derwood said the committees plan
was intended To produce Si00. .oo0.O0h
| boy an internal revenue tax "on very
| few commodities" lie would not out
/ line what they would be.
/ The president does not think tho
| special tax viii remain in effect long.
Following Is the run text of Presi-
| dent Wilson's address 10 congress as
semhlcd In joint session, on the need
/ OF emergency revenue legislation,
! Gentlemen of the Congress.
| "a come to you today 90 discharge
a duty which I wish with all my heart
/ ] mlght have been spared. but IL is q
duty which Is very clear. and there
fore ! perform Il without hesitation
/ or apology ! come to ask very ear
uestly that additional revenue be pro-
| vlded for the government.
! "During the month OF August there
wac as compared with the CORES
ponding month OF last year. ialling
on OF fl0.629.53S in the reyeauo col
! lected from customs. A continuation
OF this decrease IN the same propor-
tion throughout the current fiscal year
would probably mean loss OF cus-
toms re- nucs OF from sixty Co one
hundred millions. need not tell you
10 what this falling on IL due. u ls
due In chief part not 10 the reduction
I recently made in tho customs duties.
out TO the great decrease IN importa-
tiuns. and that Is due 10 the extraor-
dinary extent Of the industrial area
| Affected by the present war in Europe.
Conditions have arisen which no man
| foresaw. they anect the world Of
commerce and economic production,
with.
-.