Northern Wisconsin advertiser. [volume] (Wabeno, Wis.) 1898-1925, 1915-12-10

/ trade, and are without means to extend
| Our commerce even where the doors are
| wide open and our goods desired. Such
| a situation is not to be endured. It Is
| of capital Importance not only that the
| United States should be it's own carrier
| on the seas and enjoy the economic in
/ dependence which only an adequate mer-
| chant marine would give it. but also that
/ the American hemisphere as whole
| should enjoy like independence and self
/ sufficiency. if it is not to be drawn into
| the tangle Of European affairs. Without
| such independence the whole question of
| our political unity and sef-determination
| is very seriously clouded and complicated
/ indeed.
| Moreover, we can develop no true or eff
| fective American policy without ships of
| our own-not ships of war. but ships of
| peace, carrying goods and carrying much
| more: creating friendships and render
| ing indispensable services to all interests
| on this side of the water. They must
| move constantly back and forth between
| the Americas. They are the only shuetles
| that can weave the delicate fabric of
| sympathy. comprehension, confidence and
mutual dependence in which we clo.he
| our policy of America for Americans.
| Ships Are Needed.
| The task of building up an adequate
| merchant marine for America private
capital must ultimately undertake and
achieve as it has undertaken and
achieved every other like task amongst
| US in the past. with admirable enterprise.
intelligence and vigor and it seems to
| me manifest dictate Of wisdom that we
| should promptly remove every legal OBJ
| stacle that may stand in the way of this
| much to be desired revival of our old in
| dependence and should facilitate in every
| possible way the building, purchase and
| American registration of ships. But cap
| FOL ich ocly ~
| a sudden. It must embark upon 1t by de-
| grees, the opportunities of trade de-
| velop. Something must be done at once;
| done to open routes and develop oppor-
| tunities where they are as yet undevel-
| oped; done to open the arteries of trade
| where the currents have not yet learned
| to run-especially between the two Ameri
can continents, where they are. singularly
| enough. yet to be created and quickened;
| and 1t Is evident that only the govern
| ment can undertake such beginnings and
assume the initial financial risks. When
the risk has passed and private capital
| begins to find its way in sufficient abund-
| ance into these new channels, the gov
eminent may withdraw. But 1t cannot
omit to begin. 1t should take the first
steps and should take them at once. Our
| goods must not lie piled up at our ports
and stored upon sidetracks in freight
cars which are daily needed on the roads;
| must not be left without means of
transport to any foreign quarter We
must not await the permission of foreign
ship owners and foreign governments to
send them where we will.
| With view to meeting these pressing
| necessities of our commerce and availing
| ourselves at the earliest possible moment
| of the present unparalleled opportunity of
| linking the two Americas together In
bonds of mutual interest and service, an
| w
again if we miss 1t now, proposals will
| be made to the present congress for the
| purchase or construction of ships to be
owned and directed by the government
similar to those made to the last con-
| gress, but modified in some essential par
| ticulars. I recommend these proposals
| to you for your prompt acceptance with
the more confidence because every month
| that has elapsed since the former pro-
| posals were made has made the necessity
for such action more and more mani
| testify imperative.
Question of Finance.
The plans for the armed forces Of the
! nation which I have outlined, and for
the general policy of adequate prepare
| ton for mobilization and defense, In
| volve of course very large additional ex-
] penditures of money-eXpenditures which
will considerably exceed the estimated
| revenues of the government 1t is made
|
| of expenditure exceed the estimates of
| revenue to call the attention of the con-
| gress 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 l feel partlcu-
| larly bound to speak of the matter when
| it appears that the deficiency will arise
| directly out of the adoption by the con-
| gress of measures 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 will probably dis
close.
On the thirtieth of June last there was
an available balance in the general fund
| of the treasury of $104 10, 1057S The to-
tai estimated receipts for the year 1916.
| on the assumption that the emergency
revenue measure passed by the last con-
| gress will not be extended beyond it's
| present limit, the thirty-first of Deem
her, 1915, and that the present duty of
one cent per pound on sugar will be dis
| continued after the first of May, 1916,
| will be $670, 365, 800 The balance of June
last and these estimated revenues come,
therefore, to a grand total of STA, 535, COSTS
The total estimated disbursements for the
| present fiscal year, including $25,000OO0
for the Panama canal, $12,000,000 for prob
able deficiency appropriations and $780,
| 600 for miscellaneous debt redemptions,
will be $3.50, S91, 000 and the balance in the
| general fund of the treasury will be re-
duced to $40, ga, 6O5.7S. The emergency
| revenue act. If continued beyond it's pres
ent time limitation, would produce. dur
| ing the half year then remaining, about
| forty-one millions The duty of one cent
| per pound sugar. if continued, would
| produce during the two months of the
| fiscal year remaining after the first Of
| May, about fifteen millions These two
sums. amounting together to s56,0O0,O00
| If added to the revenues of the second
half of the fiscal year, would yield the
| treasury at the end of the year avail
| able balance of SIC, 644,6 057S
The additional revenues required to
carry out the program of military and
| naval preparation of which I have spok-
en-. would, as at present estimated, be
for the fiscal year 1917, s93,S00,000 These
| figures, taken with the figures for the
| present fiscal year which l have already
| given, disclose our financial problem for
| the year 1917.
| How shall we obtain the new revenue?
| 1t seems to me a clear dictate of pru-
| dent craftsmanship and frank finance
| that in what we are now. hope. about
| to undertake we should pay as we go
| The people of the country are entitled to