The Elk Mountain pilot., 1918-12-12

j'1i1 p n -, i: !.
w. s'ssS r.;
cea4set ~ Ggse4 - A lnduSH4e6
ef ne cnon<ry l1st besf16a = Sxactly
NJ poesiAaa Spat xkaieat = to - osv-
erninent thlW wtA ~ "a M - meet
IN ths years -tmnsdiAtslSt aA1Ad of
/ then y, ls.s a
1t win ~ Of SECTIONS eonssqusnce 70
The cOantry 10 delay rsmoviag IN NM
csrtaintes IN this matter ! alA0ts day
longer than the right procsssss Of de-
bate Justly. II Is Idle to talk Il sue
cessful and confident businsss recon-
structiou before those uncertainties
are resolved.
Treops Mvst stay In gureps.
II the war had continued It would
have bee Unnecessary to raise At least
5000 100000 by taxation. payable in
the year 1919. but the war has suded
and I agree with the secretary Of the
treasury that 1t viii be safe to reduce
the amount to $1,000 O00.O 900. An Inn
mediate rapid decline in the expenses
OF the government IL not to be looked
for. Contracts made for war supplies
Will. indeed. be rapidly cancelled and
liquidated. but their Immediate liqui-
dalton will make heavy drains on the
treasury 70 rthe months just ahead OF
us.
The maintenance Of eur forces On
the other side fthe sea 10 still neces-
sary. A considerable proportion Of
these forces must remain In Europe
during the period Of occupation. and
those which are brought home will be
transported and demoblllxed at heavy
expense for months to come.
The Interest on Wnr war debt must.
Of course. be paid and provision made
for the retirement of the obligations OF
the government which represent II.
But these demands. will. Of course,
fall much below what q continuation
Of military operations would have en-
tailed. and $4,000. 100000 should suf-
fice to supply a sound cOundatfon for
the financial operations Of the year.
entirely concur with the secretary
OF the treasuryin recommending that
the $2.OOO.O0O.O 600 NEEDED in addition
to the $4,000. O0O. 900 provided by ex-
listing law be obtained from the profits
which have accrued and shall accrue
from war contracts and distinctiveiy
war business, but that these taxes be
confined to the war profits accruinE In
1918. or IN 1919. from business Origi-
mating IN war contracts.
Asles Aid fer Belgium.
May not say . special word about
the needs Of Belgium and northern
France? No sums Of money paid BY
the way of indemnity will serve Of
themselves to save them from hopeless
thing more must be done than merely
tind the money. II they had money
and raw materials In abundance to-
morrow they could not resume their
place In the lndustry Of the world ts-
mOrr0w-the very important place
they held before the name Of war
swept across them. Many Of their
factories are razed % the ground.
Much of their machinery II destroyed
or has been taken away. Their
people are scattered and many Of
their markets will be taken By others.
n they are not In some special way
assisted to rebuild their factories and
replace their lost Instruments Of man
ufacture. They should not be left to
the vicIssitudes of the sharp compe-
tition for materials and Tor industrial
facilities which n now to set In. I
hope. therefore, that the congrsss will
not be unwilling. U It shOuld become
necessary. to grant to some such
agency ~ the war trade board the
right to establish priority Of export
and supply for the benefit Of these
people whom We have been 20 happy
to asslst in saving from the German
terror and whom we must not now
thoughtlessly leave to shift for them
selves in a pitiless competitive market.
Forces Needed Abroad.
The maintenance Of our forces ON
the other side Of the sea II still nec-
essary. A considerable proportion OF
these forces must remain in Europe
during the period Of occupation. and
those which are brought home will he
transported and demobilixed at heavy
expense for months TO come.
The Interest on our war debt must,
Of course, be paid, and provision made
for the retirement of the obligations
Of the government which represent 1t.
But these demands will. Of course.
fall much below what q continuation
of military operations would have en-
tailed. and six billions should sufice
to supply sound foundation for the
financial operations Of the war.
Worried About Railroads.
The question which causes me the