Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1915-12-10

vice open and oar goods desired Such
Situation Is not to Be endured. II -
q capital Importance not Only thai the
United States should Be fts own carrier
on the seas ard enjoy the economic tn
dependence which only an @6equase mer-
chant marine would give Il. but alsa that
the American hemisphere a. 4 whose
shouldeentoy Ike Independence and szIf-
sufaefsncy. IL ii is not to Be- drawn into
the tangis Of European Affairs wfthOus
such Independence the whole question os
our political unity and seIf-aetsrxHfmatsOu
> very seriously clouded and complicated
indeed
Moreover. We can develop no true or e.
fective American policy without ships Of
our cUn-nos ships cf war. out ships OF
peace, carrying goods and carrying much
more creating friendships and render
ing Indispensable services 10 an interests
On tins side o. thA wafer They mnat
move constantly back and forth between
the America They are tine only shuttEes
that can weave the delicate fabric OF
sympathy. comprehension confidence and
mutual dependence Ia which VIC e80she
our policy Of America for Americans
ships Are Needed.
The task OF building Up AN adequate
merchant marine for America private
achieve. a. IL has undertaken and
achieved every other Ike task amongst
US In the past with Rdmtrable enterprise
intelligence and vigOr: and IL seems to
me . manifest dictate OF wisdom that we
should promptly remove every legal oh
Etaele that may stand in the way OF this
much to be desired revival Of cur old in
dependence and should facilitate In every
possible way the building. purchase and
American registration OF ship@- But cap
ital cannot accomplish this great task OF
sudden II must embark upon II by de-
greea- as the opportunities OF trade de-
velop- Something must be done az once.
done TO open routes and develop Oppor-
tunities where they are as Jet undevel-
oped: done to open the arteries Of trade
where the currents have not yet learned
60 run-eSpecially between the two Amerf-
can continents, where they are sluguiarly
enough yet to be created and Quiekened.
ana Il Is evident that only the govern
meut can undertake such beginnings and
assume the initial financial risks When
the risk has passed and private capital
begins TO and it's way in sufficient abund-
Ance into these new channels. the gov
eminent may withdraw But II cannot
omit 70 begin 1t should take the FIRST
steps and should take them At once Our
goods must not He piled up az our ports
and stored upon sideGracka In freight
cars which are daily needed on the roads.
must mot be left without means Of
transport 20 any foreign quarter We
must not await the permission Of foreign
ship owners and foreign governments to
send them where we will
With view TO meeting these pressing
necessities Of our commerce ard availing
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 IL now. proposals. VIII
-
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
tlculars I 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 prepaFa-
ton for mobilization and defense in
volve OF course very large additional ex-
penditures Of money-expenditures which
will considerably exceed the estimated
revenues OF the government II is made
my duty by Lar, whenever the estimates
Of expenditure exceed the estimates Of
revenue TO call the attention OF the con
gress 10 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 il would be my duty
10 do 50 in any case: and ! feel particu-
larry bound TO speak Of the matter when
It appears that the deficiency viii arise
directly out Of the adoption by the con
gress Of measures which / myself urge
II TO adopt Allow me-. therefore. 10
speak briefly Of the present state Of the
treasury and of the fiscal problems
which the next year viii probably dis
close.
On the thirtieth OF June last there was
an available balance in the general fund
Of the treasury of sfe4 10. 1E6s7S The to-
tai estimated receipts for the year 1915
on the assumption that the emergency
revenue measure passed By tine last con-
gress viii not be extended beyond its
present limit. the thirty-frst OF Deem
Der. ISIS. and that the present duty Of
one cent per pound On sugar EfI be dis
continued after the first OF May. 1916
Will Be $50, 5sSsi00. The balance Of June
last and these estimated revenues come
therefore. to a grand total Of s7T4. s5s 500 "a
The total estimated disbursements for the
present fiscal year. including SIS sgs a0p
for the Panama canal. S1z.s60. go for prob
able deficiency appropriations and so
CO for miscellaneous debt vedempttons.
will Be S755 ssl .90e. and the balance u the
general fund OF the treasury viii be re-
duced TO s.. 81. se7A 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. IL 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 -. Leo 90.
II added to the revenues OF the second
half Of the fiscal year. would yield she
treasury al the end Of the year an avail
able balance OF ETs.s44s16.7s-
The additional revenues required to
carry ont the program Of military and
naval preparation Of which have spok-
en-. would. a. AZ present estimated, be
for the fiscal year 1871. Sc SO $50 Those
figures. taken with the figures for tbs
present hscal year which have already
given. disclose cur financial problem for
the year 1917.
How shah we obtain the new revenue?
II seems TO me a clear dictate Of pru-
dent statezmanship and frank finance
that in what We are now I hope about
to undertake we should pay as We GO
! The people OF the country are entitled q
know Just what burdens OF taxation they
are TO carry. and 10 know from the outset
now. The nes bills should be paid BY IN
terual taxation
To what sources. then, shan we turn
We would be following an almost uni
versal example of modern government
| II we were to draw the greater part Of
even the whole of the revenues we need
| from the income taxes. BY somewhat
| lowering the present limits Of exemption
and the figure At which the surtax aha1
begin TO be imposed. and By increasing
hFF az a