The Julesburg grit-advocate., 1915-12-09

Woe open and our goods desired. Such
a situation is not to he endured. 1t is
OF capital Importance not only that the
United States should be its own carrier
on the seas and enjoy the economic in
dependence which only adequate mer-
chant marine would give il. but ALSO that
the American hemisphere as whole
should enjoy like independence and self
sumciency. II II Is not To be drawn into
the tsngle of European affairs. Without
such independence the whole question Of
our political unity and differentiation
IS very seriously clouded and complicated
indeed.
Moreover. We can develop no true or ef-
fective 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 10 all interests
on this side OF the water. They must
move constantly back and forth between
the Americas They are the only shutiles
that can weave the delicate fabric of
sympathy. comprehension. confidence and
mutual dependence in which we clothe
our policy Of America for Americans.
Ships Are Needed.
The task of building up an adequate
merchant marine for America private
capital must ultimately undertake and
achieve. as II has undertaken and
achieved every other like task amongst
is in the past with admirable enterprise.
intelligence and 'vigOr: and II seems to
me manifest dictate Of wisdom that We
should promptly remove every legal OBJ
stacle that may stand in the way of this
much to be desired revival Of our old in
dependence and should facilitate in every
possible way the building. purchase and
American registration of ships. But cap
ital cannot accomplish this great task of
a sudden. 1t must embark upon IL by de-
Ia a ias nft .l..
rtlop. Something must be done at once,
done to open routes and develop oppor-
tunities where they are as yet undevel
oped; done to open the arteries of trade
where the currents have not yet learned
to run-especially between the two Ameri-
can continents. where they are. sinGularly
enough, yet to be created and duickened;
and II is evident that only the govern
ment can undertake such beginnings and
assume the initial financial risks. When
the risk has passed and private capital
begins to hnd its way in sufficient abund-
ance into these new channels. the gov
eminent may withdraw. But ii cannot
omit to begin. 1t should take the first
steps and should take them at once. our
goods must not lie piled up at our ports
and stored upon sidetracks in freight
cars which are daily needed on the roads:
must not be left without means OF
transport to any foreign quarter. We
o
ship owners and foreign governments to
send them where we will
With view to meeting these pressing
necessities OF our commerce and availinE
ourselves at the earliest possible moment
of the present unparalleled opportunity OF
linking the two Americas together in
bonds OF mutual interest and service, an
opportunity which may never return
again il 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 those made to the last con-
gress. but modified In some essential par
ticulars l recommend these proposals
to you for your prompt acceptance with
the more confidence because every month
that has elapsed since the former pro-
posals were made has made the necessity
for such action more and more mani
testify imperative.
Question Of Finance.
The plans for the armed forces OF the
nation which ] have outlined. and for
the general policy OF adequate prepara-
tion for mobilization and defense in
Volve of course very large additional ex-
pendtures OF money-expenditures which
will considerably exceed the estimated
revenues of the government 1t is made
my duty by law. whenever the estimates
of expenditure exceed the estimates of
revenue to call the attention of the con-
Eress to the fact and suggest any means
of meeting the deficiency that 1t may be
wise or possible for me to suggest am
ready to believe that 1t would be my duty
to do so in any case: and | feel particu-
farly bound to speak of the matter when
it appears that the deficiency will arise
directly out of the adoption by the con-
Sress of measures which ! myself urge
it to adopt Allow me. therefore, to
iaRt nf ha tl,.,
treasury and of the fiscal problems
which the next year will probably dis
close.
On the thirtieth of June last there was
an available balance in the general fund
of the treasury of $40. .l70, l05.7s. The to-
tai estimated receipts for the year 1916.
on the assumption that the emergency
revenue measure passed by the last con-
Sress will not be extended beyond its
present limit, the thrty-first of Decem-
her, 1915, and that the present duty of
one cent per pound on sugar will be dis
continued after the first Of May 1916,
will be s670.365.J00. The balance of June
last and these estimated revenues come.
therefore. to a grand total of s774 $50 6o5..S
The total estimated disbursements for the
present fiscal year. including s25.eno0Cr
for the Panama canal. sl2 600. coo for prob
able deficiency appropriations and $50
600 for miscellaneous debt rcdemptions
Will De *t.5,S'l,uO. ana 1lle balance IN the
general fund of the treasury will he re-
duced to sa0.iii ,GO5.7s. The emergency
revenue act. II continued beyond its pres
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. If continued would
produce during the two months of the
fiscal year remaining after the first of
May, about fifteen millions. These two
sums. amounting together to s56 900 900
if added to the revenues OF the second
half of the fiscal year. would yield the
treasury AT the end of the year an avail
able balance of 1864 .G05-1s.
The additional revenues required to
carry out the program of military and
naval preparation Of which | have spoi-
en-. would. as at present estimated. be
for the fiscal year 1917. s93.sO0Co0. Those
figures, taken with the figures for the
present fiscal year which have already
given, disclose our financial problem for
the year 1871
How shall We obtain the new revenue?
1t seems to me clear dictate of prlI-
dent craftsmanship and frank finance
that in what we are now. | hope about