Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-09-04
CONGRESS HAS[[N}
70 RAISE REVENUE
GETS BUSY WHEN PRESIDENT
ASKS FOR ADDITIONAL
s1oo,ooo,ooo ANNUALLY.
TAXES REQUIRED
TO MEET TREASURY DEFICIT
President Appears in Congress in Per-
son and Asks esislation Aimed to
Preserve Country's Credit and Safe
guard 6usiness Interests - Wants
Z Public to Boar Burden.

T. Washington, Sept. President Will
son personally addressed congress in
joint session today, urging legislation
to raise $10O,00O.000 q year additional
Ifrevenue thru internal taxes to meet a
Treasury deficit threatened by the con-
gflict in Europe.
The president told congress that he
/ discharged q duty which he wished
| With all his heart he might have been
!spared but which he performed with
Tout hesitation or apology because of
the danger in present circumstances to
create moments doubt as to the
strength and sufficiency of the treas
bury OF the U. s."
Congress Gets Busy.
While the treasury. he said. could
get along for II considerable period he
pointed out the peril OF the govern
ment Withdrawing from national banks
approximately $75.O00.O00 of the treas
hurry balance deposited there. advised
against the government borrowing
money or selling bonds. which would
snake q most untimely and untusti-
I5fiiable demand on the money market.
Land appealed to the Intelligence and
profoundly patriotic public to bear the
burden Of a special tax to meet the un-
forseen emergency.
Congress listened attentively to the
address. Immediately on It's conclusion
the legislative machinery was set in
motion to carry its recommendations
into effect. Chairman Underwood
called a meeting of the ways and means
committee to perfect an internal rev.
enue measure tentatively drafted In
Ipreliminary conferences. A bill will be
introduced as soon as possible.
Il Text Of Message.
Following is the full text OF Presi-
dent Wilson's address to congress. as
Esembled in joint session. on the need
Eof emergency revenue legislation:
I Gentlemen of the Congress: / come
Ito YOU today to discharge duty
(which wish with all my heart I might
.h>ve been spared: but it is Il duty
which is very clear. and therefore,
perform it without hesitation or apol-
togy. ! come to ask very earnestly that
additional revenue be provided for the
government.
!, During the month of August there
was. as compared with the correspond
ting month of last year. falling of OF
$10.629.53S in the revenues collected
from customs. A continuation OF this
decrease In the same proportion thru
sout the current fiscal year would prob
ably mean loss of customs revenues
sof from sixty to one ehuntlrcd millions.
a need not tell you to what this falling
off is due. 1t Is due. in chief part.
not to the reductions recently made
in the customs duties. but to the great
decrease in importations; and that is
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
gthe whole world Of commerce and
economic production: and they must
be faced and dealt with.
Conditions Must 30 Met.
TT would be very unwlse to post
pose dealing with them. Delay In such
q matter and in the particular circum-
stances in which we now find ourselves
as nation might involve consequences
sof the most embarrassing and deplora-
bic sort, for which I, for one. would,
not care to be responsible. 1t would,
be very dangerous In the present cir
.cumstances to create a moments s doubt
as to the strength and sufficlency OF
the treasury OF the United States its.
ability to assist. to steady, and sustain
the financial operations of the coun-
.try's business. II the treasury IS
known or even thought, to he weak,
where will be our pes. of mind? The
whole Industrial activity of the coun =
try would he chilled and aemoralized.
Just now the peculiarly difficult flnan-
cial problems of the moment are being
successfully dealt with, with great
self-possession and good sense and