The Dermott news., 1915-12-09

our commerce even where the doors are wide open and our goods desired Such 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 a whole should enjoy a like independence and self sufIicienCy, If 1t Is not to be drawn into the tangle of European affairs Without such independence the whole question of our political unity and solf-dctermination is very seriously clouded and complicated indeed
 Moreover we can develop no true or ef- feetve 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 ThcN must meye constantly back and forth between tie Americas. They are the only shuttles that can weave the dehcate fabric Of sympathy, comprehension. confidence and mutual dependence in which wc cloth" our policy of America for Amcricans.
 Ships Are Needed.
 The task of building up an adequate merchant marine for America private capital must ultimately undertake and AtHfeNf, as II iItS under tktD hHI achieved every other like task amonlst IS in tho past. with admirable enterprise. intelligence and yigor. and fl s,sms to me a manifest dictate of wisdom chat We should promptly remove every legal ob- stdele tAat may stand in the WAY of this much 10 he desired revival ot our ell Ia dependence and should facilitate in cXrfE poss.hi" way the huildinc, purchase aui American registration of shfps But cap- frt t4f sudden. It must embark upon it hy de srees. as the opportunities ot trade de veIep Something must be done al one, dnnr 10 open routes and develop oTp1f- tuuities where they are as vet undcNcf- oped done te open the arteries of trsde where the currents have not vet learned to ruu-e especially between tho two AWc}i- can continents where they are. sjugulatiy enough. vet 10 be created and Quclcncd and it Is evident that only the govern mrnt can undertake such beginnings ana assume the Initial financial rtsNs Wien the risk has passed and private capital begins ta find its way in sufficient ah#na auee Into these new channels. the EUN errn.ut may withdraw But II cannot unit to begin II should take the first steps and should take them at onrc our goods must not lie piled up at our ports and stored upon stdetraCks in freight ears which are aaf1y needed on thr roads must not be lrH without means of transport to any foreign quarter w m.st not await the permission ef foreign sh'p owners and foreign EoNtrnmeats to send them where We will
 Nlta Il Ntcw to meeting these pressing nccessstas of oar commerce and aYaltlnE ourselves at the earliest possible moment af che Islseut parall atai oppartlritE at HrkrE the two Americas together in bonds nt mHHd Interest and service. nu ofpaitlastN which maE never return aEatu # We mss II now. piefgsa3s MI b. @a}e t9 tae present eoaEress iar the rar# heea of construction of sa.ta ta be oHncl and a.rscteI hy the EaN,r.went similar to tHase made to the last reh- cr,@s. hut modified ju some essential i4r- ueu4afs recoWmeud thsse Ir.pos9is to y'g for your tr1mpt sptaafe ~tA tha uaare. confidence heeAasr rvr-t ufaath talt ats elapsed since tae former Fta= re.s-, were made has ultr the roaeS&ffN fer ~HeH acton mafe and mare mstnls testIy imperative.
 Question Of Finance.
 Tho plans tari lie armed t.ases ef ths uatI3H wu5ah lave outlined. lgi tHE tfa general ial#av ef aI#4sat- frar4t.l= tam Cor waA tHtnu aud T -f.usgs tH- Nai#e af eaHrs. teHv lr.a a3ta.aHl eN= rrs5tf.rez "a' tu#HHN rNisaIsia:es wHz.h v4I considerably ,Ns,et tae estmaa,d
 
 ny dats hy law. vt5aase-r ise estimates sf lNf#trl.tsra o.#.eg '... .-.Ita.,te- us revenue to etH tHr attention ef -.a .gr= Cfes, ta t1.c. fagf Iat ,=.szEs#t .fF t#,ars of meeting iGe dtH.-rrrr t.et tt ulGE t. W -c Fe .tt, 'or W" .. ~uca,st lu. relsY t1 believe tlat F stHe.e t9e Hy a -ty fe 4a so In aas rIsr aaJ fee. ftft.Euz lariv Eaurl te speak of tar r.affr- ...N tt airelrs tl4t taa a....eHzt -v-rt ..fr z ttess cf ~s.ts.r's winch ! myself ai-a t 'a -f It Al}1w he. trsrtare- -t- sp-.sb A'Htlf as =sae HteseHt state =5 tae tr.a-.ry ar3 .t the 'sea problems w.ea tHo next year NIL probably a-- close
 On tho th.r,leth o, Jaoe lns. ,'sre was an aAa..aG.e- balance. 30 tEg E.r.r.' fund or thr 'rc9ssry af t'et.ts.a ai.-7> The tN= tai sstiws'et ft5r.ttS tar tte year ,ssf, on ta" assumption shat the emergency revenue measure p1ssei uy the hast ran- gress v.u not he -rNteaIaI beyond ls present Nm.t. the thirty first of hce,H- her. f9t5 au1 that tto present duty ut one Teut per pound on sugar will tc dls- eo"t-uri after The first uf Muy. talf MI Nr t'-0 st- .ol Thc balance af June hst and u.cse estimated rrNer4.~ come therefore. t1 a grand tutlI of t,1s ts'' ,s Tho total estimated dtshgrseWoufS f1r tac present aseal year. incl sd.rG $- ps.Iu, for th" Panama canal ta-.+a'. .'8 for prob ahle teHet"#cv apprapssatiors and &3- o"" for u sccl'nrraHs debt rctrwgt.ous VII be @7.1 Sqi e". und the hAaHee .H Hzr general fund of the treasury Vll he re d4rea to t.o p.9"7s Tac emergency fr#,rHe aef tf =.~rtrac5 tevov1 i's prcs eut t''ne limitation wosfi uroduCe. dur Ing the half year theu reaH.Hnlhg. about f.rty-.ne millions The 34ty at #e,# cent per pound ou sugar. Y eout'nH.! wn4l' produce during the two uortNs ot the feel Nrar rraaairlus nfier tle urst ef May ahogt tftren tnt..tHHs Thts" two sums. amounting together 10 ff"s,ss. tf added to the revenues of the s@s,nd hnlf of thc fiscal yctr would yIeit the treasury at tho end of tec year aa atUu. atle balance ot s5f-ffFt"-t>
 The additional revenues rcgn'rrA [. carry out tue program .ut maHfsrF =aa3 naval preparation of which have sInk cu. woglt. as Rt present estimated. h' for the fiscal year le;s SeeSe' ThpSn nr#res. taken with tae figures for the present. rsea year which | h1Ne already gwen. disclose our financial problem for the year lel5
 How shah we obtain tic new revenue 70 It seems to me a clear dictate of prn dent statcSnaustlp and frank finance tlaf i, u hYs v.a ara r.zy ! H.... 4fIHf