Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1915-12-09

cur cuumerce even whers the doors are
vide dpen and cur goods desired. such
a situation S not 70 Be endured Il II
rf capital Importance not only that the
uuised states should Be It's swu carrier
On the seas and enjoy the economic In
dependencs which only adequate uaer-
chant marine would give x. but also that
the American hemisphere n whole
should enjoy a IKE Independence and self
sufficishcy. Il Il Is not 70 Be drawn into
the tangie Of European Affairs Without
such Independence the whole question Of
our political unity and seif-dstermination
s. very seriously eiogded and complicated
indeed
Moreover. we can Develop no trus or sf-
tective American policy without ships Of
our awu-not ships Of war but ships Of
peace. carrying goods and carrying much
mors. creating friendships and render
ing Indispensable services 70 all interests
On this side OF the water. They must
move constantly back AID forth between
the Americas. They are the onlY shurflss
that can weave the defeats fabric Of
sympathy. cumprshsnsion. cunfdence and
mutual dependencs In which We cioths
our policy Of America for Americana
shIps Ara Needed
The task OF building ~ an af>uuats
merchant marine for Amsrfcn private
capital must ultimately unfsr-aks and
achieve. a. Il has undertaken and
achieved every ether IKE task zncugzf
Us IN the past- with admirable enterprise.
inteliis-nc. and vfxors and II se>ms IN
ne q manifest dictate Of Wisdom tssf Ne
should promptly remove svery legal OBJ
stacie that may stand In the way az this
much 10 os desired revival Of cur old IN
tepsnfsnc- and should tzcfiitat. In sv.ry
possible way the building. purchase and
American rsgsstrafsau Of shipx But cap
fHI.F
q sudtenL Il must embark UPON Il BY de-
<r-es. a. tne opportunities Of trads de-
vei1pI 9ou,ethinx must be dsns ~ snce.
done 20 opsn routes ard develop oppor-
tH1nttfes vnsr. they arr a. yet unds~ei-
oped. done 70 open the arteries of trade
where the eurr~nts have not yet learned
10 run-~sp~ciAlly between the two Azssri-
sndugh. yet to - ereaf<d and atickeast.
and u d evident that only the <uv.rn-
nent cza undertake. such beginnings and
assume the initial financial rtskx. When
the risk has passed and Drfvats cnpffaI
begins 70 ind its way IN sufrctent ahund-
anr= into these new channels. ths gov
eminent may withdraw. But Il cannot
ornit to begin Il should take thu nrsr
step. and should take them AZ 0ucsL Our
good. must not lie piled ~ AZ our ports
and stored up1u sidet-,cks IN tr.ixht
cars vnich are daily needed On tho ruA4is.
must not b. left without means Of
transport 70 any enr-i<u quarter. We
must mt await the permission of foreign
snip owners and f1r-ign governments 20
send them wher- We viii
Win n view 70 meeting these pressing
necessities Of our cournsrce and avalIin<
ourselves NJ tns earliest possible moment
% the present unparalleled opportunity OF
linking tina two Americas tnxeeher In
bonds az mutual Interest and SERVICE. an
opportunity which may newer return
again Il We nizs Il now. proposals viii
BE- made 70 the present cnngr.=. for the
purchase or eonscrurtson az SHIPS To be
owned and directed by the government
similar 70 those made % the last con
<rsss. bur modified IN some essential par
scrlarsl 7 recommend these proposals
70 you for your prompt acrsrta1cs win
t1e more enn1dencs because every month
that has elapsed since thu former PRO-
1asals wer~ made has made tho necsnzfry
for szrh acton nars and more mani
Testify Imperative.
Question ~ Finance
rns plans for tho armed forces oc the
zar.on weich 7 have outlined and for
ths general policy Of adequate pr-pArH-
ton for mobilization and defense. N
vntvs IL courss very large additional az
penditizr-s az no1ey-expenditurss which
VIII considerably exceed the estimated
revenues az the government II Is naas
NY duty ~ Law. vnsnev-r the estimates
az expenditures sxee~d tae estimates OF
r@veni1e 10 call the attention OF the con-
z---s 10 the tacr and suggest any means
Of nesting the 1ef-ciency cnzr Il may ,.
wise or possible for ne 70 sugxssc 7 an
ready 70 believe ttar u would Be NY duty
% DO % IN any casa and I c=ei pzr-.cu-
larsy bound 70 speak Of ina matter xheu
Z Appears taat ths deftctency viii arse
directly GUT az sAs adoption by the cum
g-esz af measures which myself ur<e
4 % adopc Allow me- therefore "a
SPEAK er.ssty Of tas present state ~ the
treasury and Of the fiscal rruhlerns
which the nsxr y-ar viii probably dis-
close.
On she tairrefn az TINE last the-. was
an Available balances In the general ruud
of the treasury az TO. III fgs.E IRE TO-
al estimated Receipts for the year $40.
On tne assumption thax the emergency
revenue measure PASSED by the last cum
sress VIII not b exrended beyond tn
present Limit tEs tafrry-9rsr az Deem
Der, isI5. and that the present dt1rr Of
one cent per pound On sugar viii be dis
continued after the nrsc Of MAY igiG.
viii De S-u. 9s.a I'd. The balance az rrne
last and these estimated revenues come.
rherefore. 70 n xrzrd total 1f S-4 sE z5x
The total estimated Disbursements for thu
present fiscal year. including - - 90
for the Panama canal E..9a1. coo fer pr1b-
able deficiency appropriations and Hs-
~ Tor miscellaneous debt redeuptsous
VIII be 81. 81. 0aa. and the balance N M
general fund Of the treasury viii b -
/ duced To xn.s*4. ss7z rns emergency
revenue act. II continued beyond ftx ,r.x-
err time Limitation. would produce DUR
ing the half year then remaining about
torry-one rufiliGnx rns duty OF qus emf
Per pound an sugar. II continued would
produce during ths two months az ne
fiscal year remaining after rhe ersr Of
May. about nfteen mllIlcus These sxo
suzns. amounting together 10 ER.ssg osa
x adstet 10 the revenues OF the second
half Of the fiscal year would yield N.
treasury AZ the end Of the year a., avail
anis balance Of -. So aSH
The additional revenues reo1tr-s N,
carry cut the program OF military and
naval preparation Of which 7 have snok-
en- would. as AZ present estimated he
ror the FISCAL year 1911 ~ 500. aa. Tho.r
/ nguresl taken with the figures s,r fha
present fiscal year which I hax. aI-.asFx
gwen discinse our financial rrohIer, Pr
ths year lsIz-
How snail We obtain the new rrvenue-
X seems to ne q clear dictate Of pr-r-
csnt craftsmanship and frank nnanr.
that IN what we are now, 7 hone. abour
% anderrake we should pay a. w- =,
Tns people Of the country are sntttIss =,
know Just what burdens Of raxaf,or, So
| are % carry and IN krox r-r-,, 80 -