Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1915-11-20
CASH BIG PROBLEM
IN DEFENSE PLANS
President Unlikely to Recommend
Methods of Raising the Money.
BOND ISSUE Is REGARDED.
Representative Heating Urges Taxing
Of Rich TO Pay for Preparedness.


President Wilson probably viii not
make specific recommendations TO
Congress concerning the methods of
raising revenue 10 meet the extraor-
binary expenditures called for by pre-
paredness legislation. il was under
stood. but recognizes that the prob
lem is q most serious one.
His plan viii be, it is believed. to
urge the necessity for national de
Tense preparations and leave TO Con-
gress the working out of legislation
that viii provide the revenues. When
.he question IS at a stage calling for
decision the President viii consult
with The Democratic and Republican
leaders and give his sanction to what
he believes to be the best method.
BY that time various suggestions
win have been proposed and consider
e9 and the public viii have given ex-
preston TO its views on the subject,
Representative Keating, of Colorado.
called on the President this week with
the suggestion that the S25O,000, ,00o
additional that must be raised each
year be secured from the rich. mas
much as the poor man would have TO
country is ever attacked. Mr. Keat-
ing told the President there should be
an increase in income tax and pro
vision for an inheritance tax lie
thought coed. stiff taxes from these
two sources would be sufficient to
provide the enlargement of the army
and navy that is advocated by the adj
miHistration
The President listened TO Mr.. Keat-
ing, but gave no intimation of his own
position lie has frankly admitted it
is said, that the raising of the money
is an extremely important part of the
whole thing.
tThe poor man viii have to do the
service in the army and the lighting
If there is any" said Mr. Keating II
think The rich man will not object to
furnish the money I do not favor
going back to a protective tariff or to
special taxes that will take the money
from the poor. When the European
war broke ont England was collect
ing from incomes, as I recollect. about
SIS per capita In this country the col
lection now is only $S0,000.000 a year,
less than 81 per capita. Nobody in
Congress viii favor the suggestion Of
putting a tax on tea or coffee.
It would not favor q bond issue as
has been suggested. The people will
eventually have to pay off these bonds
and will have to pay the interest dur
ing their existence"
Despite suggestions of extra tax
alton to raise the necessary money,
opinion inclines to the view that the
President may finally sanction an is
sue OF bonds each year to take care OF
the extra appropriations. Getting the
nation ready TO meet possible attack is
more for the benefit of the future. it is
argued than for the present, and fu-
tGre generations should provide the
money If the country favors pre-
paredness, it is argued, it cannot 90
Ject TO a bond issue
Those favoring a bond issue also
argue that this method could be
changed later by the substitution of
permanent means of taxation when
the European war is over and the
country has settled so as to compre-
hend what il may expect in the way OF
revenues from customs and other rec
ognized sources.
In the conference the President is to
have with Speaker Clark the question
of raising the revenues viii be dis
cused, and from now on until prepar-
edEess legislation actually reaches a
vote the President will listen to the
views Of all callers touching any par.
ticular phase of the subject.