The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1915-12-17

move constantly back ana 1oTth between
tie Americas They are ths only sautteS
that car weave the delicate fabric OF
sympathy. comprehension, confidence and
mutual dependence n which We clotas
or policy Of America for Americans.
Ships Are Needed.
The task q building up 81 adequate
merchant marine for America private
capital must ultimately undertake and
achieve. as II fas undertaken and
achieved every other Ike TASK amongst
rs n tie past, with admirable enterprise,
Intelligence ar5 vigor. and Il seems 70
ne Z manifest dictate q wisdom that We
should promptly remove every legal OBJ
s1acle that may stand in the WY Of this
much 10 he desired revival OF CUR old in
dependence and should facilitate IN every
possible way the building, purchase and
American registration q ships. But cap
itsl cannot accomplish tins great task q
e sp66en. Il must embark upon j; By de-
grees. as The opportunities q trade de-
velgp. Something must be done 81 once I,
done 70 open routes and develop oppor-
tunjties where they are as yet UDdevel-
ope6; done 10 open the arteries Of trade
where ths cur. ITS have not yet learned
70 Tun-sspsclEl.y between the two Amer
can continents. where they are. slugularly
enough. yet 10 be created and Quickeued;
and Il Z evident that only the govern
usrt can undertake such beginnings and
assume the initial financial risks. When
the risk has passed and private capital
begins 70 find It's way In sufficient abund-
ance into these new channels, the gov
eminent may withdraw. But Il cannot
o-1i; 10 begi. Il should take the first
steps and should take them a. once, Our
goods must Dut lie piled " al our ports
and stored upon si6etTacks II freight
cars which are daily needed on the roads.
must moi bs left without means o.
transport 70 any foreign quarter We
must not await the permission Of foreign
ship owners and foreign governments 10
send them where ws viii.
With z view 10 meeting these pressing
necessities Of our commerce and awaiting
ourselves al the earliest possible moment
Of the present unparalleled opportunity 0!
linking the Two Americas together In
bonds Of mutual interest and service sn
opportunity which may never return
again II We Kiss il now. proposals viii
Be made 70 the present congress for the
purchase or construction Of ships 70 be
owned and directed by the government
similar 10 those made 10 The last CON-
gTsSs, but modified IL some essential par
uculars. ! recommend these proposals
TO yop 70, your prompt acceptance with
the more confidence because every month
that has elapsed Eince the former pro-
posals were made has made the necessity
for such action more and more mani
fesffy irr-prsf4vR
Question Of Finance.
TIE plans for the armed forces Of the
nation which I have outlined, and for
the general policy q adequate prepsr&-
lion for mobilization and defense. in
volve Of course very large additional sx-
penditures o. neutrality-suspicious. which
viii considerably exceed tbs estimated
revenues Of the government II IL made
NY duty by law. whenever the estimates
Of expenditure exceed The estimates Of
revenue 70 call the attention Of the con-
grsss 70 the fact and suggest any means
Of meeting the deficiency that II may be
wise or possible for me 10 suggest
On the th4rtlefh Of June last there wGa
an available balance il the general fund
q the treasury Of sl04. 179, I957G TIE TO-
tai estimated receipts for the year 1915
OF The assumption that the emergency
revenue measure passed by the last con-
gTess viii not be extended beyond its
present limit, the thirty-6rst OF Deem
bsr, islS, and that the present duty Of
one cent per pound on sugar VIII be dis
continued after the first OF NAY, IP7s
VIII be $50. ss5, 500 Tie balance Of June
last and these estimated revenues come
therefore, 10 grand total Of S774. ags. s1S.1
The total estimated disbursements for tbs
present fiscal year. including Is 90 Dos
for the Panama canal, Lon, 900 for prob
able deficiency appropriations and $50
90 for miscellaneous debt rsdeuptiong,
viii be ST5E, 81 300; snd the balance in the
general fund Of the treasury will be re-
duced 20 So. .6OS7E The emergency
revenue act, il continued beyond 3ts urss-
ent time limitation, would produce, dur
ing the half year then remaining. about
forty-one millions The duty Of one cent
per pound on sugar. IL continued. would
produce during the two months OF the
hscs1 year remaining after the first OF
May, about fifteen millions. Tbsse two
suEnE, amounting together 70 81. a0a 5as.
II added TO the revenues Of the second
half OF the fiscal year, would yield the
d.
able balance Of SIC 81, Gs.TS
The additional revenues required 70
carTy out the program Of military and
naval preparation Of which I have Epok-
en. would, a. at present estimated, be
for the fiscal year 1877, SO, 800 zoe Those
Agures- taken with the figures for the
present fiscal year which ! have already
given, disclose cur financial problem for
the year 1917
How shah we obtain the new rxvenuss
II seems to me q clear dictate OF p-u-
dent craftsmanship and frank trsnns
that IN what we are now, hope about
TO undertake We should pay as We re
To what sources, then, shall we turn-
We would be following sn almost unl-
TeTsAl example OF modern royernrnsn+.
II We were 10 draw tia greater mar. or
sven the whole OF the revenues ws n~Ad
from the incoTne taxes By sonswhs,
lowering the present limits OF ex.rpn,go-
and the figure al which the surtnx shar
begin TO be imposed, and by ipcrea xsnv
step BY step throughout the present Rrsd-
aauon, the surtax itself. tho tncorns tsYas
AZ az present apporttonsd woul6 yssIS
sums sufncient to balance the hooks az
the treasury At the end Of the fiscal vesy
ls5 without anywhere making the bur
Den unreasonabiy or oppressively heavy
The precise reckonings are fully and ar
curately set out IN the report OF the sec-
rotary Ct the treasury, which win be i'm
medistely laid before you.
And there are many additional sources
of revenue which can justly be resorted
70 without hanpering the industries az
NE country or putting any too grea.