United States -- Politics and government -- 1913-1921; World War, 1914-1918 -- United States
Shall we not resolve to put upon ourselves the restraints which will
bring to our people the happiness and the great and lasting influence
for peace we covet for them?
APPEAL FOR ADDITIONAL REVENUE
[Address delivered at a joint session of the two Houses of Congress,
September 4, 1914.]
GENTLEMEN OF THE CONGRESS:
I come to you to-day to discharge a duty which I wish with all my heart
I might have been spared; but it is a very clear duty, and therefore I
perform it without hesitation or apology. I come to ask very earnestly
that additional revenue be provided for the Government.
During the month of August there was, as compared with the corresponding
month of last year, a falling off of $10,629,538 in the revenues
collected from customs. A continuation of this decrease in the same
proportion throughout the current fiscal year would probably mean a loss
of customs revenues of from sixty to one hundred millions. I need not
tell you to what this falling off is due. It is due, in chief part, not
to the reductions recently made in the customs duties, but to the great
decrease in importations; and that is due to the extraordinary extent of
the industrial area affected by the present war in Europe. Conditions
have arisen which no man foresaw; they affect the whole world of
commerce and economic production; and they must be faced and dealt with.
It would be very unwise to postpone dealing with them. Delay in such a
matter and in the particular circumstances in which we now find
ourselves as a nation might involve consequences of the most
embarrassing and deplorable sort, for which I, for one, would not care
to be responsible. It would be very dangerous in the present
circumstances to create a moment's doubt as to the strength and
sufficiency of the Treasury of the United States, its ability to
assist, to steady, and sustain the financial operations of the country's
business. If the Treasury is known, or even thought, to be weak, where
will be our peace of mind? The whole industrial activity of the country
would be chilled and demoralized. Just now the peculiarly difficult
financial problems of the moment are being successfully dealt with, with
great self-possession and good sense and very sound judgment; but they
are only in process of being worked out. If the process of solution is
to be completed, no one must be given reason to doubt the solidity and
adequacy of the Treasury of the Government which stands behind the whole
method by which our difficulties are being met and handled.
Public-domain text, read in full here on John Shaqi.
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