Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1915-12-08

the building. purchase and American
registration ~ ships nut capital can
not accomplish this great TASK % q
sudden lt must embark upon II by
degrees. as the opportunities OF trade
develop Something must Doe done at
once; done 20 open routes and deyel
OF opportunities where they are as
vet undoveloped, done TO open the ar
teries OF trade where the currents
have not yet learned 10 run special.
~ between the two American couti-
uents, where thcy are. singular
enough vet 10 be created and quick
ened: and 10 is evident that only the
government can undertake such be-.
ginnings and assume the initial tnan-
cial risks When the risk has passed
and private capital begins TO find its
way in sufficient abundance into these
new channels the government may
withdraw But il cannot omit 90 be-
gin It should take the first steps
and should take them at once Our
goods must not lie piled up at our
ports and stored upon side tracks In
freight cars which are daily needed
on the roads. must not be left with
out means Of transport 20 any foreign
quarter We must not await the per
mission OF foreign ship owners and
foreign governments to send them
whore we will
Must Provide Ships.
With view to meeting these
pressing necessities OF our commerce
and awaiting ourselves at the earliest
possible moment OF the present I'M
paralleled opportunity OF linking the
two Americas together in bonds of mu-
tual interest and service. an oppor.
tunty which may never return again
il we miss il now, proposals will be
made to the present congress for the
purchase or construction of ships TO
he owned and directed by the govern
ment similar to those made to the last
congress, but modified in some essen
tal 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 manitestly imperative.
That need was then forosecn 1t 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.
torested IN the particulars OF the pro
gram az ! am in taking immediate ad.
vantage of the great opportunity which
awaits us if we will but act in this
emergency
There is another matter which
seems to me 60 bo very intimately as
ISOLATED with the question Of national
safety and preparation for defense.
That is our policy towards the Philip.
pines and the people of Porto Rico.
Our treatment of them and their atti.
tude towards us are maniiestly of the
first consequence in the development
Of our duties in the world and in get.
ting a free hand to perform those du-
ties. We must be free from every I'M
necessary burden or embarrassment,
and there IS no better way to be clear
OF embarrassment than to fulall our
promises and promote the interests Of
those dependent on as to the utmost
Bills for the alteration and reform Of
the government Of the Philippines and
for rendering fuller political justice to
the people of Porto Rico we're submit
ted to the Sixty.third congress. They
will be submitted also to you. / need
not particularize their details You
are most OF you already familiar with
them. But do recommend them to
your early adoption with the sincere
conviction that there are few meas
ures you could adopt which would
more seryiceably clear the way for
the great policies by which we wish to
make good, now aud always, our right
to lead in enterprises Of peace and
good will and economic and political
freedom.
The plans for tho 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-
ditlonal expenditures OF money--ex-
penditures which will considerably OK.
coed the estimated revenues OF the
It is made my duty by
law. whenever tho estimates OF OK.
penditure exceed the estimates of
revenue. to call the attention of the
congress to the fact and suggest any
OF meeting the deficiency that
Il may be wise or possible for me to
suggest ! am ready 20 believe that II
would be my duty TO do so In any case.
and ! feel particularly bound to speak
Of the matter when it appears that the
deficiency viii arise directly out of
the adoption by the congress Of meas.
ures which ! myself urge It to adopt.
Allow me, therefore. to speak briefly
Of the present state OF the treasury
and OF the fiscal problems which the
next year viii probably disclose.
State Of the Finances.
On the thrtieth Of June last there
was an available balance In the gen.
oral fund OF the treasury Of SlO4.170.
i05.7S The total estimated receipts
for the year 1916, on the assumption
that the emergency revenue measure
nnnrnh h., Ahn Inni nnr. -rn.r I'M - l.