The Kadoka press and Kadoka reporter. [volume] (Kadoka, S.D.) 1910-1923, 1918-06-07
ASKS FOR NEW
WAR TAX BILL
"Country'S Crisis Is at Peak" F"
the Presidents Message to
Congress.
PLAIN DUTY TO COUNTRY
Business Must Be Forewarned Of Bur.
dens Which Inevitably Will Be
Laid Upon lt-All Citizens
Called On TO Practice
Economy.

Laid Upon It-Al Citizens
Called On to Practice
Economy.
WashngtOn.-Ju as the German
! cannon were laundering their herald
/ Of the renewed offensive on the west
/ crn battle front President Wilson ap
/ pcared Unexpectedly before congress
/ and demanded that, laying political
considerations and all others aside.
1t remain In session until II has en-
acted new war tax laws To finance
the growing cost of the war and pre-
pare the country for the burden it
must bear. His speech follows:
"Gcntlemcn of the congress: 1t is
with unaffected reluctance that come
To ask you To prolOng your session long
enough To provide more adequate re
sources for the treasury for the con
duct of the war have reason 10 ap-
precate as fully as you do how ardu-
Gus the session has been. Your la
bors have been severe and protracted.
"Ihe summer is upon us in which la
hor and counsel are twice arduouS and
are constantly apt to be Impaired by
laSsitudc and fatigue The elections
are at hand and we ought as soon as
possible To go and render an intimate
account of our trustccShip to the peo-
pie who delegated us to act for them
in The Weighty and anxious matters
that crowd upon us in these days of
criticnl choice and action But we
dare not 90 to the elections until we
have done our duty to the full
These are days when duty stands
stark and naked and even with closed
eyes. We know 1t is there. Exposes
are mnvaling. We have either done
our duty or we have not. The fact
will be as gross and plain as the duty
Itself. In such Il case laSsitude and
fatigue seem negligible enough. The
facts are tonic and suffice to freshen
the labor.
Must Provide More Revenue.
And the facts are these Addition
al revenues must manifestly be proyld-
ed for. II would be y most unsound
policy To raise too large proportion
of them by law, and II Is evident that
the $4,000, ,OO0. 900 now provided for by
taxation will not Of themselves sustain
the greatly enlarged budget to which
We must Immediately look forward.
I'VE cannot in fairness wait until
the end of the fiscal year Is at hand To
apprlSe our people of the taxes they
must pay on their earnings of the pres
ent calendar year, whose accountings
and expenditures will then be closed.
We cannot get increased taxes unless
the country knows what they are To be
and practices the necessary economy
to make them available.
"DeiinitcnesS. early defniteness. as
to what its tasks are to be is absolutely
necessary for the successful admins
tration of the treasury it cannot
frame fair and workable regulations in
haste If it IS not to know its exact
task until the very eve of It's perform
ance.
The present tax laws are marred,
moreover, by inequities which ought to
be remedied. Indisputable facts. cv-
cry one; and we cannot alter or blink
them. To state them is argument
enough.
Sees Danger of Imitation.
And yet perhaps YOU will permit me
to dwell for u moment upon the stu
alton they disclose. Enormous loans
freely spent In ,he stimulation OF in
dustry of almost every sort produce In
hations and eNtravagances which pres
emily make the whole economic struc-
turc questionable and Insecure and the
very basis of credit Is cut away. Only
fair, cquitahly distributed taxation of
the widest incidence and drawing
chiefly from the sources which would
be likely Ia demoralize credit by their
very abundance. can prevent imitation
and keep our industrial system free OF
speculation and waste. We shall nat
nrally turn, therefore, suppose, To
war profits and incomes and luxuries
Tor the additional taxes.
But the war profits and incomes
upon which the increased taxes will
be levied will be the profits and in
,omes of the calendar year 1918.
1T would be manifestly unfair To
wait until the early months of 1919 to
iay what they are to be. Ii might he
iifiicult, | should imagine. To run the
Mill with water that already has gone
'yer the wheel
Taxes Not Paid Until June, 1919.
Moreover. taxes of that sort will
lot be paid until the June of next
ear, and the treasury must anticl- /
ate them. 1t must use the money
hey are 10 produce before il Is due.
must sell short-time certificates of
I'm the autumn much larger sale
4 longtime bonds must be effected
han has yet been attempted What
re the bankers TO think of the GER
lhcates IL they do not certainly
now where the money is TO come
rom, which is 10 take them up? And
ow are investors To approach the
nrchase of bonds with any sort of
,nfidence or knowledge of their own