The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1915-12-16

OF the present unparalied opportunity or
linking the two Americas together in
bonds of mutual interest and service, an
opportunity which may never return again
II 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
ned IN some essential particulars. 1 rec
ommend these proposals tc you for your
prompt acceptance with the more CONT
dence because every month that has
elapsed since the former proposals were
made has made the necessity for such
acton more and more manifestly impera-
1--WE. mat need was then foreSeen: ii is
now acutely felt and everywhere realized
ny those FOR whom trade is waiting but
s%dan" can IND no conveyance for their
Soous' am not so much Interested In the
particulars of the program as am in
Iakin9 immediate advantage of the great
opportunity which awaits US If we will
but act In this emergency. In this mat
Ter, as. in all others, q spirit of common
ee31aannSSSei should prevail, and out of it
pressing problem.
Insular Problems.
mere Is another matter which seems to
me to be very, intimately associated with
ration for defense. That is our policy
towards the Philippines and the people
OF fofto RIco. Our treatment of them
afd Their attitude towards us are mani
testify of the first consequence in the de-
NelopmeHt of our duties in the world and
IN gettn6 a free hand to perform those
duties. We must be free from every lu-
necessary burden or embarrassment: and
there is no better way to be clear of en-
barrassment than to fulfil our promises
ana promote the interests of those de-
pendent on us to the utmost. Bills for
ment of the Philippines and for rendering
Luller political justice to the people of
porto Rico We're submitted to the Sixty
thlrd consress.- They will be submitted
their details. You are most of you al
ready familiar with them. But 1 do rec
omrnend them to our early adoption with
the sincere conviction that there are few
measures you could adopt which would
more serytceably clear the way for the
great policies by which we wish to make
good, now and always, our right to lead
economic and political freedom.
The plans for the armed forces of the
nation which l have outlined, and for the
for mobilization and defense, involve Of
course very large additional expenditures
of the government. 1t is made my duty
by law, whenever the estimates of expen-
to call the attention of the congress to
the fact and suggest any means of meet
ing the deficiency that it may be wise
or possible for me to suggest. l am ready
to believe that it would be my duty to
do s., in any case; and ] feel particularly
pears that the deficiency will arise di-
rectly out of the adoption by the congress
OF measures which | myself urge it to
Briefly Briefly Of 4t the PRESENT n's : 1fe state Of the IL t fpeak
ury and of the fiscal problems which the
next year will probably disclose.
Problems of Revenue.
On the 18th Of June, last, there was an
available balance in the general fund of
the treasury Of 500, 17o, 1o5.7S. The total
the assumption that the emergency rev.
enue measure passed by the last congress
limit, n the Z sist fS Of peeem n5spnE fs15 us ah paeS SSat
the present duty of l cent per pound on
will be discontinued after the first
ance of June last and these estimated rev
Of $774, 585, COS. IS. The total estimated dis
bursements for the present fiscal year,
s z 600. a55 FOR probable deficienoy a uana',
aa ebt Teden apa sss'y VIII f be s7 @, 81, oe6; snd
the balance in the general fund of the
treasury win be reduced to s20644, COS. rs.
The emergency revenue act, If continued
beyond its present time limitation, would
produce, during the half year then re.
1 cent per pound on sugar, if continued,
would produce during the two months of
efe m flsea ab year SIS Es5 6sol do5l fh after tw the s, first
amounting together to s56. 200, 900, if added
to the revenue of the second half of the
fiscal year, wouid yield the treasury at
the. end of the year an available balance
OF SIC, 644, sos. 7S.
The additional revenues required to
carry out the program of military and
naval preparation of which I have spo-
Ken would. as at present Pre- sss s est doo be
figures. taken with the figures for the
present fiscal year which l have already
given, disclose our financial problem for
the year 1917. Assuming that the taxes
imposed by the emergency revenue act
aud the present duty on sugar are to be
a fhe eldae Of the ana pre thad fiscal ahe o sear w 1T
be only 20,644,6 Cos. IS, that the disburse-
ments for tn the ood P oan canal will again
tional expenditures for the army and
navy are authorized by the congress. the
deficit in the general fund of the treasury
s235, 900, 900. TO this sum at least $50, 600. 900
should be added to represent a safe work
mates in 1917: and these additions would
make a total deficit Of some 1897 600, 900. #
the present taxes should be continued
present taxes should be continued
throughout this year and the next. how
ever. there would be q balance in the
thes present fiscal year, and a deficit at
the end OF the next year Of only some
no ooe, GOO, Or reckoning in s62, ooo.o $50 I de q
a total deficit Of some n sii2, 600. ooo. The
a plain counsel of prudence to continue
all of the present taxes or the.r. equ1va-
Tents, and confine ourselves e g to the prob
lem of providing 112,00o,000 of new rev.
enue rather h S297. 000,O VOC
J Must Pay as We Go.
How shall we obtain the new revenue
We are frequently reminded that there arg
millions of bonds which the treasury Is
authorized under existing law to sell tt
reimburse the sums paid out OF curren'
revenues for the construction of the Pan.
anna canal; and it is true that bonds g
the amount of approximately $222,000,W
are now available for that purpose. Priol
to 1913 1874, 631, $50 of these bonds had actu.
ally been sold to recoup the expenditure.
at the isthmus; and now constitute q con
! siderable item of the public deft. But /
: for one, do not believe that the people o.
: this country approve of p~ostporing thu
J payment of their bills. Borrowing none,
! Is saort-sighted nance. 1t can be JUST
! fled only when permanent things are t
= be accomplished which many generation
will certainly benefit by and which !
seems hardly fair that a single genera
tion should pay for. The objects we an
e now proposing to spend money for canno
everything wisely lone may be said to b
d done in the interest of posterity as wei