The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1914-09-04
PRESIDENT TO CONGRESS.
Continued from Page. III

revenue that plainly might become
necessary, and the time when it be
came necessary could not be controlled |
or determined by the convenience Of |
the business of the country. 1t would !
have to be determined by the opera
tions and necessities of the treasury |
itself.
Such risks are not necessary and |
ouoht not to be run. We cannot too
scrupuousfy or carefully safeguard a !
financial situation which is at best, i
while war continues in Europe, difficult
and abnormal Hesitation and delay
are the worst 4orms of bad policy I'M
der such conditions.
" And we ought not to borrow. We
ought to resort to, t 4xation, however
we may regret the necessity of put
ting additional temporary burdens on
our people. To sell bonds would he to
make a most nhtimely and unjustifable
demand on the money market; untime-
| ". because this is manifestly not the
| time to withdraw working capital from
other uses to nay the government 5
| bills. uniustifiable, because unneees-
| sary.
| |'The country is able to pay any
| Just and reasonable taxes without dis
| tress. And to every other form of
| borrowing, whether for long periods
| or for short, there is the same objec-
| ton. These are not the circumstances;
| this is at this particular moment and
| in this particular eXigency not the
market to borrow large sums of mon
ey.
''What we arc seeking is to ease and
| assist every financial transaction, not
to add a single additional embarrass-
ment 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 govern
ment with generous self-denial. They
know and understand and will be in
tolerant only of those who dodge re-
| sponsibility or are not frank with
| them.
1.-The occasion is not of our own
making. We haj no part in making it..
But it is here 1t affects as as di-
rectlv and palpahly almost as if we
were participants in the circumstances
| which gave rise to it.
We must accent the inevitable with
calm Judgment and unrutfied spirits
like men accustomed to deal with the
| unexpected, habituated to take care OF
themselves, masters Of their own at
fairs and their own fortunes. We shall
pay the bin though We did not deliber-
atelv incur it.
Gin order to meet every demand up
on the treasury without delay or per
adventure. and in order to keep the
treasury strong, uuquestiOnablv strong
and strong throughout the present anx-
ieties, | respectfully urge that an adj
ditional revenue of Sl00.000,0 900 be
raised through inttlnal taxes devised
in your wisdom to meet the emergency
The only suggestion take the liberty
/ Of making is that such sources of rev
enue be chosen "a will begin to yielo
ut once and yield with n certain con
/ | slant flow.
D u cannot close without expressing
- the confidence with which | approach
a Congress, wita regard to this or any
. other matter, which has shown so uu
firing Il devotion TO public duty. which
has responded 10 the needs of the ma
| tion throughout a long season despit,
| inevitable fatigue and personal sacri
y fee and SO large proportion of who's,
+ members have devoted their whole tim,
and energy to th,- business Of the coun
try