The Elk Mountain pilot., 1914-09-10
ASKS War LEVY OF. $1oO,000,0O0
PRESIDENT APPEALS PATRIOTIC AID IN
INCREASED TAKES AND IN MEET
ING UNFORESEEN ARISING FROM CLASH EUROPE.

And yet without additional revenue
that plainly might become necessary
and the time when it became neces-
sary could not be controlled or deter
mined by the convenience of the coun-
try.
1t would have to be determined by
the operations ard necessities of the
treasury itself Such risks are not
neceszs$y 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
ourN 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 or for short,
there is the same objection.
Money Market 10 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 to
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 palt In making 1t.
But 1t is here. 1t affects us as direct
ly and palpably almost as If 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
Ia
themselves, masters of their own af-
fairs and their own fortunes. We shall
pay the bill. though We did not delib-
erately incur 1t. -te.s
Add $1oo, ,ooo, 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, 1 respectfully urge that ad-
ditional revenue of $100.0000oO be
raised through internal taxes 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 as will begin to
yield at once and yield with a certain
and constant flow.
cannot close without expressing
the confidence with which | approach
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 ma
tion throughout a long session. des-
pite inevitable fatigue and personal
sacrifice and SO large a proportion of
whose members have devoted their
of the country. fr.