Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1915-12-06

anu TWO Ammunition SHIPS. HIS
would be a navy fitted to our needs
and worthy of our traditions.
Merchant Marine
With a view to meeting these press
ing necessities of our commerce
and availing ourselves at the earliest
moment of the present unparalleled OPP
portunity of linking the two Ameri-
cas- together in bonds of mutual in
terest and service, an opportunity
which may never return again if we
miss it now, proposals will be made
to the present congress for the pur-
chase 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
essential particulars. L recommend
these proposals to you for your
prompt acceptance with the more
confidence because every month that
has elapsed since the former propos-
ais were made has made the neces-
sity for such action more and more
manifestly imperative. That need was
then fOreseen; it is now acutely Felt
and everywhere realized by those for
whom trade is waiting but who can
find no conveyance for their goods.
| am not so much interested in the
particulars of the program as I am il
taking immediate advantage Of the
great opportunity which awaits us if
we will but act in this emergency. In
this matter, as in all others, a spirit CT
common counsel should prevail, and
out of it should come an early solu-
ton of this pressing problem.
Finances
On the thirtieth of June last there
was an available balance in the gen.
eral fund of the treasury of $l0, 49,
lO5.7S. The total estimated receipts
for the year 1916, on the assumption
that the emergency event measure
passed by the last congress will not
be extended beyond its present limit,
the 31st Of December, 1915, and that
the present duty of one cent per
pound on sugar will be discontinued
after the LIST of May, 1916, will be
500, 365 500. The balance of June
last and these estimated revenues |
come, therefore, tic a grand total Ct
$774,535. 6O5.7S. The total estimated
disbursements for the present fiscal
year, including $25,0OO,OO0 for the !
Panama canal, $l2,OOO,OOO for prob
able deficiency appropriations, and
$4,000 for miscellaneous debt re-
demptions, will be $753, Sol 600; and
the balance in the general fund of the
treasury will abe reduced to SO,o44,-
o05.7S. The emergency evenue act,
if continued beyond it's present time
limitation, would produce, during the
half year then remaining, about SAL
100000 The duty of m cen per
pound on sugar, if continued, would
produce during the two months of
the fiscal year remaining after the
ist of May, about $15,OOO,OOO These
two sums, amounting together TO
S%56,OO0,OOO. if added to- the revenues
of the second half of the fiscal year,
would yield the treasury at the end
of the year an available balance #
$40, 644, 6O5.7S.
The additional revenues required to
carry out the program of military
and naval preparation of which
have spoken, would, as at present es-
timated, be for the fiscal year 1917,
S93, 100000. Those figures, taken
with the figures for the present fiscal
year which | have already given, dis
close our financial problem for the
year 1917. Assuming that the taxes
imposed by the emergency revenue
act and the present duty on sugar
are to be discontinued, and that the
balance at the close of the present
fiscal year will be only $2U.o44. 605.7S,
that the disbursements for the Pana-
ma canal will again be about $25,OD,-
900, and that the additional eXpendi
lures for the army and navy are
authorized by the congress-, the deli
cit in the general fund of the treas
ury on the 30th of June, 1917, will
be nearly $230,O05,O 900. To this sum
at least S50,OO0,00O should be added
to represent a safe working balance
for the treasury, and $12,OOO,0OO to
include the usual deficiency esti-
mates in 1917: and these additions
would make a total deficit of some
1927, 100000. If the present taxes
should be continued throughout this
GEAR and the next, however, there
would be a balance in the treasury of
some $76,500,OW at the end of The
present fiscal year, and a deficit at
the end of the next year OF only some
$50.OO0.O00. or, reckoning in $4,000
900 for deficiency appropriations and
a safe treasury balance at the end
# the year, a total deficit OF some
$112.OO.0O0.
HON shall we obtain the new rev.
enue? We are frequently reminded
hat there are many millions of bonds
which the treasury is authorized I'M