The Arvada enterprise. (Arvada, Colo.) 1908-1970, 1915-12-09

OF other nations in rivalry of their
own trade, and are without means to
| extend our commerce even where the
doors are wide open and our goods
| desired. Such situation is not to
| be endured. 1t is of capital import
anCe not only that the United States
| should be its own carrier on the seas
| and enjoy the economic independence
which only an adequate merchant ma
rine would give it. but also that the
| American hemisphere as whole
| should enjoy like Independence and
| self-sutliCienCy. If it is not to be drawn
! into the tangle OF European affairs
| Without such Independence the whole
question of our political unity and
self.detcrmination is very seriously
clOudcd and complicated indeed.
Moreover, we can develop no true
or effective American policy without
ships of our own-not ships of war,
but ships of peace, carrying goods and
carrying much more; creating friend
ships and rendering indispensable
services to all interests on this side
the water.
Must Provide Ships.
With view to meeting these
pressing necessities of our commerce
and availing ourselves at the earliest
possible moment of the present I'M
paralleled opportunity of linking the
two Americas together in bonds of mu-
| tunity which may never return again
if We miss it now, proposals will be
made to the present congress for the
purchase or construction of ships to
be owned and directed by the govern
ment similar to those made to the last
congress. but modified in some essen
tial particulars. | recommend these
proposals to you for your prompt ac-
ceptance with the more confidence
because every month that has elapsed
since the former proposals were made
has made the necessity for such action
more and more manifestly imperative.
That need was then foreseen it is
now acutely felt and everywhere real
lied by those for whom trade is wait
ing but who can find no conveyance
for their goods. am not so much in
terested in the particulars of the pro-
gram as | am in taking immediate ad-
vantage of the great opportunity which
awaits us il we will but act in this
emergency.
The plans for the armed forces Of
the nation which have outlined, and
for the general policy OF adequate
preparation for mobilization and de-
Tense. involve OF course very large ad-
ditional expenditures OF money-ex-
penditures which will considerably cx-
coed the estimated revenues OF the
government. 1t Is made my duty by
law. whenever the estimates OF cX-
pendture exceed the estimates of
revenue. to call the attention of the
congress to the fact and suggest any
means OF meeting the deficiency that
1t may be wise or possible for me to
suggest. ! am ready to believe that it
would be my duty TO do so in any case:
and feel particularly bound TO speak
of the matter when IL appears that the
deficiency will arise directly Out of
the adoption by the congress OF meas
ures which | myself urge 1t to adopt.
Allow me. therefore. 10 speak briefly
OF the present state Of the treasury
and Of the fiscal problems which the
next year will probably disclose.
State Of the Finances.
on IL" thirtieth OF June last there
-,
cral fund OF the treasury OF slOi.tT0..
1918. The total estimated receipts
for the year 1915. on to-. assumption
that the emergency revenue measure
passed by the last congress will not be
extended beyond its present limit. the
thiTtyHrs OF December. 1915, and
that tho present agty OF one cen, per
pound 90 sugar will hc discontinued
after the lrst OF May. 1916. will be
s671.265. 800 The balance OF June last
and these estimated revenues come,
therefore 10 a grand total OF STA.
is5 Guj.Is. The total estimated dis
bursrmrnts FOR the present fiscal ycar
including ss5.oo0.o0O for the Panama
canal. Sl:.00o.OuO FOR probable de.
ncIoucy appropriations. and $780,.
O0y Tor miscellaneous debt rodcmp.
/ ttous viii be sIj3,S9l 900: and
| the balance In the general fund OF the
treasury viii be reduced 10 S20,Gii,.
] s05 IS Tho emergency revenue act. II
| continued beyond It's present time lin.
| itatiou. would produce. during the half
year then remaining about $4,000.