South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-05-27

AbAl teoiHs tOUEIEoe lUudN the
PRESIDENT said:
Gentlemen or the congress:
1t is with unaffected reluctance
that 1 come 20 ask YOU to prolong
your session long enough TO provide
more adequate resources for the
treasury for the conduct OF the war.
have reason 10 appreciate as fully
as YOU do how arduous this session
has been. Your labors have been
severe and protracted. You have
passed a long series of measures
which required the debate Of many
doubtful questions OF judgment and
many exceedingly difficult questions
Of principle. as we'll IS OF practice
DUTY FIRST.
ELECTIONS AETERW ARD.
The summer is upon us i'm which
labor and counsel are twice arduOuS
and are constantly apt 10 he impair
ed by lassitude anC fatigue. The
elections are al hand and We ought
as soon as possible TO go and rem
der an intimate account OF our
trusteeship 10 the people who dele
gated MS TO act for them i'm the
wcighty and anxious matters that
crowd upon us in these days of criti-
cal choice and action. But we dare
not 80 10 the elections until we have
done our duty 10 the full. These are
days when duty stands stark and
naked and even with closed ewes VIC
know it is there. Excuses are un-
availing We either have done our
duty or We have not. The fact will
he as gross and plain as the duty
itself In such a case lassitude and
fatigue seem negligible enough. The
facts are tonic and suffice TO freshen
labor
And. the facts are these: Addi-
tional revenue must manifestly ne
provided for. Ii would be a most un-
sound policy TO raise too large
proportion OF them by loan and il is
evident that four billions now pro-
vided for by taxation will not Of
themselves sustain the greatly en-
Iarged budget 10 which we must i'm
nediately look forward We cannot
IN fairness wait until the end of the
fiscal year is at hand to appraise our
people of the taxes they must pay
on their earnings or the present
calendar year whose accountings
and expenditures will then be
closed. We cannot get increased
+ taxes unless the country knows what
they are 20 be and practices the
necessary economy 10 make them
/ availa BILE. Dehniteness. early def
+ initeness as 70 what its tasks are
+ to be Is absolutely necessary for the
. a.. IL.
+ treasury. To cannot frame fair and
workable regulations in haste. and
II must frame its regulations IN
haste If lt is not 20 know It's exact
. task until the very eve of its per
formance The present tax laws are
I marred. moreover. by uequities
I v hich ought 10 be remedied. Indis-
t putable facts. every one, and We
/ cannot alter or blink Them. To state
+ them is argument enough.
I ENORMOUS LOANS
/ PRODUCE INITIATION.
And. vet perhaps YOU will per-
nit me 10 dwell for moment on
I the situation they disclose Enor-
nous loans freely spent i'm the stim-
+ ulatiou of industry of almost every
sort produce mutations and eNtrava-
| gances which presently make the
+ whole economy structure question
. able and Insecure and the very basis
, of credit is cut away. only fair.
f equitably distributed taxation, OF the
widest incidence and drawing chief
4 ly from the sources which would be
likely 90 democratize credit by their
f cry abundance. can prevent infa-
ton and keep our Industrial sys-
tenn free from speculation and
waste. We shall naturally turn.
f therefore / suppose. Co war prohts
and incomes and Injuries for the
additional taxes. But the war prohts
and incomes upon which The in
f creased taxes viii be levied viii be
the profits and incomes Of the call
cndar year 1915 To would be mani
festiy unfair TO wait until the early
months OF 1919 to say what they are
TO be- 10 might be difficult. D should
imagine. to run the mill with water
that had already gone over the
wheel
MUST KNOW WHERE
FUNDS WILL CONF FROM.
Moreover taxes Of that sort wHf