The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1915-12-08

once done 10 open routes and develop
opportunities where they are as yet un-
developed. done 10 open the arteries OF
trade where the currents have not yet
learned 10 run--ezpeciaily between the
two American continents. where they
are. sinEularly enough. yet 20 be Gre
ated and ouickened: and a. Is evident
that only the government can under
Initial financial risks When the risk
has passed and private capital begin
70 md its way in sufficient abundance
into these new channels. the government
may withdraw. But a cannot omit TO
begin II should take the first steps.
and should take them At once. Our
goods must not lie piled up al our ports
and stored upon sidetracks In freight
cars which are daily needed on the
roads: must not be- left without means
We must not await the permission OF
foreign ship owners and foreign govern
ments to send them where we viii.
with a view TO meeting these pressing
ing ourselves at the earliest possible
moment OF the present unparalleled OPP
portunity Of linking the two Americas
and service. an opportunity which may
never return again II we miss a. now.
proposals Will be made TO the present
tion OF ships to be owned and directed
by the government similar to those
made to the last Congress. but modified
in some essential particulars. I recon-
mend these proposals 70 YOU for YOUR
prompt acceptance with the more conf
dence, because every month that has
made has made the necessity for such
action more and more manifestly imper-
ative. That need was then foresesn
II Is now scntely felt and everywhere
waiting but who can ind no convey
ance for their goods. am not 50 much
interested In the particulars OF the pro-
gram AZ am In taking immediate ad-
vantage OF the great opportunity which
awaits us II we will but act IN this
emergency. In this matter. as In all
should prevail and out OF n should
come an early solution OF this pressing
problem.
philippines ana Porto MOO.
There is another matter which seems
TO me TO be very Intimately associated
with the question of national safety and
policy towards the Philippines and the
people or Porto Rico. Our treatment OF
them and their attitude towards us are
the development OF our duties in the
world and In getting a free hand to
perform those duties. We must be free
barrassment; and there Is no better wav
to be clear OF embarrassment than 10
fulhll our promises and promote the
interests OF those dependent on us TO
the utmost. Bills for the alteration and
reform OF the government OF the Phil
ippines and for rendering fuller polit-
AN1A Justify 70 Nne people OF Porto RICO
were submitted 10 the Sixty-third Con-
gress- They Will be submitted also to
you i need not particularize their de-
tails. You are most OF you already r.
miliar with them. But I do reeommerd
them 70 your early adoption, with the
sincere conviction that there are few
more servfceably clear the way for the
great policies by which we wish 70 make
good, now and alwayz our right 20 lead
In enterprises OF peace and good viii
and economic and rpO1fffra1
The plans for the armed forces OF the !
nation which I have outlined and FOR
tion for mobilization and defense. In
Nolve. or course. very large additional
expenditures of money-expendfture
which VIII considerably exceed the esti- !
Is made my duty by law. whenever the ]
estimates OF expenditure exceed the es-
Inmates OF revenue. 70 call the attention /
OF the Congress to the fact and suggest
any means OF meeting the deficiency
that II may be wise or possible for me (
70 suggest I am ready 20 believe that
case; and I feel particularly bound to /.
speak OF the matter when Il appears Z
that the deficiency Will arise directly /
out or the adoption by the Congress OF ]
measures which I myself urge Il to
adopt Allow me. therefore. to speak 4
briefly OF the present state OF the Treas
the next year win probably disclose.
Country'n Finances.
On the thirtieth OF June. last. there ,
vas s an eyailsole balance IN the general !
fund OF the Treasury OF t1O417O IOb7s /
The total estimated receipts for the wear
1915. on the assumption that the emer- ]
last Congress will not be extended be- !
yond Its present limit. the thfrtv-nrst
or December. 1915. and that the present I
DUTY OF one cent per pound on sugar will 3
be discontinued after the nr.t ~ NJ
1915. will be 500. 1855. 800 The balance
or June last and these estimated reve- ?
nues come. therefore. TO a grand total OF I
s774.b35. 6O5.7s. The total estinated as I
bursernents FOR the present fiscal wear
including s2s.oo0.oo0 for the Panama
Canal, $4,000. 900 for probable deacieD-
cy appropriations. and $50 600 Tor rDts-
celalneous debt redemptions wf1i he
sIbSss1 900; and the balance in the Een-
duced 20 f2o.644.6Ob7S- The er1erTenc,, /
revenue act. n continued beyond Us
present time Limitation. would produce. ]
SSaui ,tl M eon h az year then remaining. I
per pound on sugar. n continued vyouid
produce during the two months OF the
w., year remaining after the first OF /
sums. amounting together to $50 900 900 I
" sdded 20 the revenues OF the second 4
TAI TAU or. or me hseal year. would yield the
available balance OF s76.6446O5. Is
The additional revenues reduired IN I
carry out the program or military and
naval preparation OF which have
spoken. would. as at present estinatsd +
be fore the fiscal year 1917. sos 500 900 &
Those figures. taken with the ffr1rce 20 I
the present fiscal year which bava
already given, disclose our financial
problem Tor the year 1917 Assuming
that the taxes imposed BY the emergency b
revenue act and the present dutv on I
sugar are 20 be discontinued and that
the balance a. the close OF the uresev,t i
fiscal year VIII be only $50 G4f sOs ~ /
that the dtsburgerne nts for the Panama D
canal Will again be about twenty-fivs .
millions, and that the additional erpend- b
lturce FOR the army and navy are author Z
iHed BY the congress. the deficft I'M the 4
general FUND Of the treasury on tho q0fb .
Of June. 1917. will be nearly 28s rniiIions
TO this sum AZ least fifty miiffona
should b added 60 represent a aafs
working balance for the treqsurv end
twelve millions 20 include tho usual DE- u
uclency estimates IN 1917. and these .
additions would make total defIcit N .
some ~ millions. II the present taxes q
ehould b continued throughout this year
and TIME NEXT however. there would bo
balance In the treasury o. rfrtv-efr FL
and a half millions a. the end Oh the
present fiscal year. and fcncit nd tho .
End or the next year ~ only some nffv .
millions. or. reckoning ln sirty-tvo mill .
lions Tor deficiency appropriation and .
safe treasury balance AZ the end of i
me year. total deficit NJ some no mill I
lions ihc obvious moral on fhc 0rurDs .
DEL that it H. plain counsel OF prudence u
~ continue all of the present tarea on .
their equlvalentr and c1ufIuo ourselves
70 the problem ~ providing no mill .