The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1915-12-07

D
extend our commerce even where the
doors are wide open and our goods
desired. Such situation is not to
be endured. II Is Of capital import
ance not only that the United States
should be its own carrier on the seas
and enjoy the economic independence
which only an adequate merchant ma
rine would give it. but also that the
American hemisphere as whole
| should enjoy like independence and
self-sufIiciency If it is not to be drawn
into the tangle of European affairs
without such independence the whole
question of our political unity and
self-determination is very seriously
clouded and complicated indeed.
Moreover, we can develop no true
or effective American policy without
ships of our own-not ships of war,
but ships of peace, carrying goods and
carrying much more; creating friend
ships and rendering indispensable
services to all interests on this sica
the water.
Must Provide Ships.
With view to meeting these
pressing necessities of our commerce
and availing ourselves at the earliest
possible moment Of the present un
paralleled opportunity of linking the
two Americas together in bonds OF mu
tual interest and service, an oppor'
| tunity which may never return again
! If we miss it now, proposals will be
made to the present congress for the
purchase 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 essen
tial particulars. | recommend these
proposals to you for your prompt &C
ceptance with the more confidence
because every month that has elapsed
since the former proposals were made
has made the necessity for such action
more and more manifestly imperative
| That need was then foreseen; 1t Is
! now acutely felt and everywhere real
ICED by those for whom trade Is wait
ing but who can find no conveyance
for their goods. | am not so much in
/ terested ia the particulars Of the pro-
gram as ! am in taking immediate ad-
vantage Of the great opportunity which
awaits us IL we will but act in this
emergency.
The plans for the armed forces OF
the nation which have outlined, and
for the general policy Of adequate
preparation for mobilization and de-
fense, involve of course very large ad-
ditional expenditures of money-ex-
penditures which will considerably ex-
ceed the estimated revenues of the
government 1t is made my duty by
/ law, whenever the estimates OF ex'
pendture exceed the estimates OF
revenue, to call the attention of the
congress to the fact and suggest any
means of meeting the deficiency that
il may be wise or possible for me to
suggest. | am ready to believe that It
; would be my duty to do so in any case :;
and feel particularly bound to speak
of the matter when it appears that the
the adoption by the congress Of meas
ures which | myself urge it to adopt.
Allow me, therefore, to speak briefly
of the present state of the treasury
and of the fiscal problems which the
next year will probably disclose.
State Of the Finances.
On the thirtieth of June last there
was an available balance in the gen
eral fund of the treasury of Sl04.170..
lO5.7S. The total estimated receipts
that the emergency revenue measure
passed by the last congress will not be
extended beyond its present limit, the
thirty-frst of December, 1915, and
that the present duty of one cent per
I pound on sugar will be discontinued
after the first of May, 1916, will be
s670, 1865. 500. The balance of June last
| and these estimated revenues come,
therefore, to a grand total of s774..
! 4S5.605.7S. The total estimated dis.
including S25,00O,000 for the Panama
canal, Sl2,OOO,OOO sor probable de-
fciency appropriations, and s5O,,
600 for miscellaneous debt redemp.
tions. will be s753.S91 900; and
the balance in the general fund of the
treasury will be reduced to s20.644..
COSTS. The emergency revenue act. II
continued beyond its present time lin.
ita,ion. would produce, during the half
year then remaining, about s4l,000.-
| O00. The duty of one cent per pound
| on sugar. II continued. would produce
[ during the two months of the fiscal
/ year remaining after the first OF May,
about $4,000 600. These two sums
amounting together to s56.00O.000. II
I added TO the revenues OF the second
half of the fiscal year. would yield the
treasury st the end ot the year IN
! available balance Of s's64t.s1e's.
The additional revenves required
| TO carry oUt the program Of military
and naval preparation OF which have
spoken. would. as at present estimated