Perth Amboy evening news., 1918-05-27
Makes Address Today to Urge
Additional Financial LegisIa-
tion.-Says Nation is Now at
Cri1is Of Great Struggle =
Politics Is Over - Biggest
War Loan Coming This Fall.
Bn United PresS.

oV OUte0 1Tco0.
WASHINGTON, May 27:-Linking
his appeal with the resumption Of
the German drive on the west front
President Wilson today demanded
that congress cast off political
thoughts and turn Immediately to the
work of enacting a tax measure at
this session.
Turning from his manuscript in
concluding a forceful address to con-
gress in joint session, the President
spoke extemporaneously:
--Just as l was leaving the White
House." he said. Il was brought the
news that Germany had apparently
resumed her long expected drive on
the west front. There can be no
pause or intermission. The great en-
terprise must, on the contrary, be
pushed with greater and greater en-
ergy. The volume of our might must
steadily and rapidly be augmented
until there can be no question of re-
sisting it. If that is to be accom-
plished, gentlemen, money must sus-
tain it to the utmost. Our financial
program must no more be left in
doubt or suffered to lag than our
ordnance program or our ship pro-
gram or our munitions program or
our program for making millions OF
men ready"
SN-
washington's hottest day of the year,
the President found an audience OF
solons distinctly disgruntled at the pro-
spects of perspiring over revenue
measure this summer.
1t was the second strictly business
message the President has delivered
since we got into the war.
Regarding the necessity for addl-
tional revenue legislation the President
said:
"Profiteering that cannot be got at D,
the strength of conscience and love o.
country can be got at by taxation
The fall will see Americas greatest
bond issue floated. ~,
"Politics is adjourned. Elections will
20 to those who think least of it..
I'VE shall naturally turn to wai
profits and incomes and luxuries Tor
the additional taxes.
THE country must know what ana
how to save to prepare for its taxes and
by iniquities which ought to be RENE
"The present tax laws are marred
bonds.
I'VE dare not go to the elections
until we have done our duty to the
full.
1--WE are at the peak and crisis of the
war
billion dollar congress.
Financial experts today, settling
down to prepare the greatest tax bill
in the country's history-nearly eight
billion dollars-estimate that appro-
priations of this congress will shatter
all records of any country in the
world for corresponding period.
Great expansion of the army program
is chiefly responsible for the stupen-
dous total. Nearly twenty-on billion
dollars is in appropriations and au-
|thorization for the army for fortifica-
tions, In addition $2,500,000,000 are
required for shipping to transport
men and supplies overseas.
To meet these proposed expenses
Uncle Sam has raised more than four
billion dollars in bonds, and has hun
dreds of millions of authorized bonds
still unissued; he has collected or Is
about to get $4,059, 100000 in taxes
under existing laws and expects to
bring this to eight billion dollars un-
der the new tax bill congress is be-
ginning to work on.
He has also a couple of billion in
sight from treasury certificates and
short time notes not to mention war
savings stamps which will bring in a
substantial sum, probably approach
ing a billion dollars.
This would bring the total revenues
to between fifteen billion dollars and
twenty billion dollars, providing bonds
still unsold were issued. Inasmuch as
the total auth orization and appro-
priation will not be spent within this
year, this sum, congressional lead
ers said, will doubtless see the govern
ment through