Webster City freeman. [volume] (Webster City, Hamilton County, Iowa) 1884-1946, 1915-12-07
SHOULD AGREE ON POLICY
IN THE PHILIPPINES.
Recommends arly,Adoption Of Meas
urss Giving Them Fuller Justice.

Recommends Early, Adoption Of Meas
urss Giving Thorn Fuller Justice.
The president recommends the early
adoption Of bills for the alteration and
reform OF the government Of the Phil
ippines and for rendering fuller polit-
ical Justice to the people Of Porto Rico,
which were submitted to the Sixty
third congress. The president refers
to the increased cost Of carrying out
the plans for the armed forces Of the
nation and tells Of the fiscal problems
confronting the government.
On the Goth Of June last there was
an available balance In the general
fund OF the treasury OF S1O4, 170, 1O5.7S.
The total estimated receipts for the
year 1916 on the assumption that the
emergency revenue measure passed by
the last congress will not be extended
beyond its present limit. the 31st Of
December, 1915, and that the present
duty OF 1 cent per pound on sugar will
be discontinued after the LIST Of May,
1916, win be $67O, 3855O0. The balance
Of June last and these estimated rev.
enues come therefore to q grand total
Of $774,535, COSTS. The total estimated
disbursements for the present fiscal
year, including twenty-five millions for
the Panama canal, twelve millions for
probable deficiency appropriations and
$50, 600 for miscellaneous debt redemp-
lions, will be $753, sol, 900, and the bal
ance in the general fund of the treas
ury win be reduced to $2O.844, COSTS.
The emergency revenue act IL contin-
ued beyond its present time limitation
would produce during the half year
then remaining about forty-one mil
lions. The duty OF cent per pound
on sugar II continued would produce
during the, two months of the fiscal
year remaining after the list Of May
about fifteen millions. These two sums,
amounting together to ffty-six mill
lions, IL added to the revenues Of the
second half of the fiscal year would
yield the treasury at the end Of the
year an available balance Of S76,644.-
COSTS
The additional revenues required to
carry out the program Of military and
naval preparation Of which l have
spoken would, as at present estimated.
be for the fiscal year 1917 sos, 800, 600.
Those figures. taken with the figures
for the present fiscal year which I
have already given. disclose our finan-
cial problem for the year 1917. A.
Stunning that the taxes imposed by the
emergency revenue act and the pres
ent duty on sugar are to be discontin-
ued and that the balance ut the close
Of the present fiscal year will be only
S2O844.605.7s. that the disbursements
for the Panama canal will again be
about $4,000 900 and that the addi-
tional expenditures for the army and
navy are authorized by the congress.
the deficit In the general fund Of the
treasury on the Goth Of June, 1917.
will be nearly $685., 100000. To this
sum ut least 10000, 900 should be add
ed to represent safe working balance
for the treasury and $12.0O0OO0 to IN
clude the usual deficiency estimates In
1917, and these additions would make
total deficit Of some $297, 100000 If
the present taxes should be, continued
throughout this year and the next.
however. there would be. a balance In
the treasury Of some $4,000, 600 at