The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-12-07

ever. there would be "a balance In tho
treasury OF some t7at0,ON at the end oi
the present fiscal year and a deficit at
the cud % the nest year 81 only some
pGuo.p0 nr. reckoning In tG2.00U0O for
deficiency appropriations and u safe treas
ury balance ut the eud OF tho year. n
total deficit OF some tli2O0ocO Tho OBJ
vious moral 81 tho figures 10 that " ~ "a
pluin counsel u prudence 20 continue oil
OF the present taxes or their equivalents
and connno ourselves 20 the problem OF
providing Fi2,oo0po u new revenue rath.
Or than SD .0pO.CO
Millions of Bonds.
How shall vc obtain me new rcvenuc7
We are frequently reminded that there
are many millions 81 bonds which tho
treasury IL authorized under existing law
70 sell 90 reimburse the sums paid out ~
current revenues FOR the construction uf
the Panamu canal and Il ia true that
bonds Tor the amount - So. n1On are
now available Tor that purpose Prior 90
1919 NH.O o1uD oi those bonds had actually
been sold Co rccoup the expenditures at
the isthmus. ana I'd constitute "a con-
siderable item Of the puhii, debt nut l
for one DO not believe that the people of
this country apprnve ~ ~p1atponing the
payment ~ their billie. borrowing money
D. shnrtsighiod nlHuce 10 con be iIstl.
ned only wheu permanent things are to-
be accomplished which many generations
Will certainly benefit ~ and which Il
seoms hardly fair that a single genera
ton should pay Tor. Tho objects We ore
now proposing To- spond money for iur0t
he so classified except in tnn sense that
nscrythlur wisely done may Ue said to bo
done boz the Interest ~ p1Ft,rity ne well
as la our own ~ seems 60 mo a. clear
dictate OF prudent statesmausHip uui
frank na1nce ilHt ln what We ate now
D. H-U. -H..H O.. go. H. .L
us We g1. The people ~ the country are
entitled 90 know Just what burdens ~
taxation they Hrn Co curre and 60 know
from the outset now. The new bills
should De- paid Dos internal taxation
To what sources thon. shall We turn
7 This is 80 peculiarly "a qnestiou which tho
gentlemen OF the house Of Representatives.
are expected under the constitution e.
propose AN answer tu shat you will hard.
iT expect mr tu do murs than discuss it
in very general terms. We shOuld be fol.
lowing 100 almost universal example ~
modern governments II We were a. draw
The gr'ater part or even the whole " tho
revenues We need from tho Income taXes
by somewhat lowering the present limits
Of exemption and the figure NJ which tho
s1rtHN shall begin 10 hc Imposed and ly
increasing step by step throughout tho
present graduation the uuftaA Itself the
] Income taxes ne ut present nrInrtiuuo1
would Yield sums sufficient 60 balance tho
books ~ the treasury 80 tnu yrd OF tho
fiscal year lsli without auywh,r, making
the burden unreasonable OF upprtssltcli
heavy The precise rcatouinrs 100, fllI,
aud accurately ct out lu the report uf
tho secretary uf the treasury which Will
:. Immediately laid before you.
Tax On Gasoline.
Aud there are many additional sources
] al ..a.H.FH AN#.H .. H-...- D.
20 without hamperius tho Industries %
the country or putting any too great
charge urou individual expenditure. A !
per cent tax per gallon un gasoline ans
haphtht would Weld. at the present csii-
mated production. 100000 "a tax 81 o.
cents PET horsepower ou automobiles ana
Internal explosion engines Nb.puUUu. a
stuup tax ou bank checks probably SIS,
cuuel "a TAX uf q cents pcr ton on pii
from 100000 IS tax ~ ~ cents per tom ol
fabricated IRON aud steel probably fluuU9
VI" 10 rs country % great lulustI,a like
tIl' % ourht Co be- easy 60 ltatrluut, tho
+ tarlcr= OF taxation without making tusu
aus where bo,r too heavily or too eXciu.
siNciS upon ans one set ut persons or uu,
tcriakIugs What is clear is that rise iu.
duHtsy of this generation should pas thD
bnis 90 this generation.
! have spoken 20 you today, gentlemen.
upon "a single theme, tho thorough pIcpa.
ration ~ the nation 10 care Tor 10 own
eco urlfv and 90 make sure - entire free,
dom Co play tho impartial role Dob this
hemisphere and 500 tho world which we aIl
ltl.cs. 10 have been pToNldyutiully assign
% Go 10 ] have had 900 my mind no
thought ~ any Immediate or particular
dHuE'r arising out 20 our relations with
other nations. We aro 40 peace with aHI
DO, nations 20 the world. and thor, ia rrt-
son 90 hope that no question iu guutr1tcr-
~ between this Hud other governments
Will lead Co. any serious breach 4f uuI..t.
bic relations. grave as some differences Of
attitude and policy have been and may
vet turn out tD be-. ] am sorry 90 Say that
the gravcst threats against our national
peace and safety have been uttered with
loo our own borders There are citizens OF
tho United States : blush o. admit. born
under other HugE but Welcomed under our
generous naturalization luva Co tho fL
Freedom ana opportunity ~ America. who
have poured tlt poison ~ H.E."Flitg into
the very arteries ~ our national life. who
have sought 90 bring the authority and
good name ~ our government into COM
tempt 80 destroy our Industries wherever
tTry thought u effective fur their vludIc.
rive purposes to strike a. flrw lul tr dee
base our politics 90 The uses ~ foreign lu-
tfiRue. Their numher ls not great aa som.
pared with tho whole number Of those
sturdy hosts by which our nation has been
H" 900" ""
f0rsigu stocks, hut u Is great enough go
, hBy brought deep disgrace upon ~ and
Ca have made 10 necessary that we should
promptly make use OF processes OF law hy
which we mas be purgcd OF their corrupt
distempers.
Disloyalty Denounced,
America never Witnessed anything like
this before. n never dreamed II possible
that men sworn into lts own citizenship.
men drawn out 81 great free stocks suon
as supplied some Of the best and strong
est elements Of that little. but how he
roio, nation that In a high day ~ old
staked It's very life 90 free itself from ey-
cry ENHANCEMENT that had dnrkensd The
fortunes - the older nations ami set up n
new standard here--that men Of sucq
origins and such free choices 81 allegiance
would ever turn in maliEn reaction against
the government and people who had well
coined and uurtuTed them and seek 60
make this proud country once more "a hot
bed Of European passion. a little while
ago such a thing would have seemed in
] credible. Because ~ was Incredible We
made no preparation Tor u. We would
have been almost ASHAMED TO prepare for
Il. as n We were suspicious Of ourselves,
our own comrades and neiEhbors' But
the ugly and Incredible thing has actually
come about. and w are without sdequHts
federal laws to deal with e. I urge you
20 enuot such laws at the earlieat posi-
BILE moment and feel that IN doing 80 l
am urging YOU TO do nothing less than