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Show ;HERE IS TEXT OF EXECUTIVE MESSAGE TO 66th CONGRESS i 1 President Wilson's nnnual message lo congress fedlows ' When I addressed myself to performing per-forming the duty laid upon the president presi-dent by tho constitution to present 10 you an annual report on the state of the union. 1 found mv thought dominated domi-nated by an Immortal sentciic? of Abraham Ab-raham Lincoln's. LINCOLN QUOTED " 'Let us have faith that right makes might and In tha! faith let us dare to do our duty as we understand it.' A sentence Immortal because it embodies in a form ef utter sin.plFltv and purity the essential faith of tho nation, the faith In which it vvas Conceived Con-ceived and the faith In which It has grown to glory and power. With that faltlv. and the birth of a nation founded upon it came the hope Into the world that a new order' would prevail throughout the affairs of mankind, an order In which reason anel right would take precedence of covetousness an dforce, and I believe that I express the wish and purpose of every thoughtful American when I say that this sentence marks for us In the plainest manner the part we should play alike in the arrange-j ment of our domestic 'affairs and in our exercise of influence upon the affairs af-fairs of the world. By this faith, and) by this faith alone, can tho world be 1 llft.ij out of its present confusion) and despfJIr. FAITH PREVAILS. "It was this faith which prevailed over the wicked force of Germany. You will remember that the beginning begin-ning of the war came when German; people founel themselves face to face, 1 with the conscience of the world and realised 'bat right was everywhere arrayed ar-rayed against the wrong that their government was attempting to perpe-1 trate T think, therefore, that It Is true to say that this wis the faith which won the war Certainly this, is the faith with which our gallant, men went Into the field and out Upon, the seas to make sure of victory. "This l-i the mission upon which democracy came into the world. De- j mocracy Is an assertion of the right; of the individual to live anel to be treated justly as against any attempt on the iart of any combination of I individuals to make laws which will overburden him. or which will destroy, his equality among his fellows In the matte,- of right or privilege, and I! think we all realize that the day has come when democracy !s being put upon Its final tes-. The old world Is, Just now suffering from a wanton rejection of the principle of democ-racy democ-racy and a substitution of the principle princi-ple of autocracy as asserted in the ; name, but without the authority and sanction of the multitude. This is j 1 he time of all others when democracy should prove its purity and its spiritual spirit-ual power to prevail H i surely the manifest destiny of the United States to lead in the attempt lo make this spirit prevail HOW l S CAN Ml "There are two ways in which thei United Slates can assist to accomplish accom-plish this great object First, by of- forlng the example within her own borders of the will and power of de-j mocracy to make ami enforce laws which are unquestionably Jus' and which are erual in thlr ail m Inlstra-tion Inlstra-tion laws vvaich secure its full right to labor and yet at the same, time safeguard the integrity of property, and particularly of that property which in .l. vot.d to the development of Industry and the increase of the necessary wealth of the world. Second, Sec-ond, by standing for right and Justice Jus-tice as towards individual nations. The law of democracy is for the protection protec-tion of the weak and the Influence of every democracy In the world should be for the protection of the weak nations, the natiort which Is struggling strug-gling toward Its right and toward its proper recognition and privilege In the family of nations. VNNOT REF1 BB ROLE. The United States cannot refuse this role of champion without putting put-ting the stigma of rejection upon the great and ilevoted men who brought Its Bjovernmenl into existence and established es-tablished it In the face of almost universal opposition and intrigue, even In the fate of wanton force as, for example, against tho orders In council of Great Britain and the arhl-trarv arhl-trarv Napoleonic decrees which involved in-volved us In what we know as the war of 1SU'. I urge you to con-,i,i. con-,i,i. r thai the display of an Immediate Immedi-ate disposition on tho part of congress con-gress to remedy any injustices or . vlla that may have shown themselves In our own national life will afford the most effectual offset to the forces of chaos and tyranny which are playing play-ing so disastrous a part In the or-t or-t uncs, ..f the free peoples of more than one part of the world. The United Siat. s Is of necessity the sample de-Mui. de-Mui. i'ai "I the wen Id and the triumph tri-umph of democracy depends upon Its success. ' 1 t ROPE Ki t O BR1 SLOW. "Recovery from tho disturbing and sometimes disastrous effects of the late war has been exceedingly slow-on slow-on the other side of the water and has given promise, I venture to say, of early comple tion only In our own fortunate country; but even with us the r- covery halts and 1 impeded at times ami there are immediately serviceable acts of legislation which U seems to mo Wo ought to attempt, to assist that recovery and prove tho Indestructible 1 ecuperative forco or a great governmont of tho people. BUDGET sWlEM URGED "One of these Is to prove that a great democracy can keep house os successfully and in as buslnoss-llke a fashion as any other government. It seems to mo that tho first step towards to-wards proving this is to supply ourselves our-selves with a systematic method of handling our estimates and expenditures expendi-tures and bringing ihem to the point where they will not be an unnoces- BBBBaflj sary strain upon our Income or ne- , -it.ite unreasonable taxation, in other words, a workable budget sys tem. anel I respectfully 'suggest that two elements are es-eentlal tei such a system; namely, not only that the proposal of appropriations should be In the hands of a singles bodv such as a single npprnprlat'.ons committee In each house of the congress, bu also that this body should be brought inte such cooperation with the de- partments ef the government and with the treasury of th- United States! as would enable it to act upon a com- j plote conspectus of the heeds of 'he, frovernment and the resources from which it must draw- i s Income REASON FOR VETO. "I reluctantly vetoed the budge: bill passed by the last session of the I congress because of a constitutional I objection The house of representatives representa-tives subsequently modified the bill In order to meet this objection! In the revised form 1 believe that the bill ' coupled wlih action already taken by tho congress to revise Its rules anel procedure, furnishes ihe foundation for an effective national budget system. sys-tem. I earnestly hope therefore, that one of the first steps taken by the present session of the conct'cSS Will be to pass tho budget bill FIN y i s IMPROVED. ' The nation's finances have shown marked improvement during the past year. The total ordinary receipts of f. 094.000,000 for the fiscal your 1920 exceeded those for 19.19 by 11.642. -000. 000, while Ihe total net ordinary expenditures decreased from $1!.3H.-000,000 $1!.3H.-000,000 to $ C . 4 0 3 , 000,000. Tho gross public debt. Which reached Its highest point on August 31. 19! 9. when It vvas '.'. r.Pii.ofni , h,-,,i dropped on November No-vember 30, 1920, to 24.lTo.000,000. There also has been a marked decrease de-crease m hob lings of government war securities by the banking Institution1! of the country as well as In the amount of bills hebl by tho federal reserve hanks secured by government war obligations. TM fortunate result re-sult has relieved the hanks unl left them freer lo finance tne n Is pf agriculture. ag-riculture. Industry and commerce. It has been due in large part to the reduction re-duction of the public debt, especially of the floating debt, but more particularly par-ticularly to th Improved distribution of government securities among permanent per-manent Investors. UD1 R J ST Hi is "The cessation of the government's 'borrowings except through short term certificates of Indebtedness has been p. matter of great consequence to the people of the country at large, as well as to the holders of Liberty bonds and Victory notes, and has hail 1 an important bearing on the matter of effecthi- credit control. The year has been characterized by the progressive pro-gressive withdrawal of the treasury from the domestic credit market ami from a position of dominant Infill-I Infill-I ence in that market. The future course will necessarily depend upon I the extent to which economies are practlceel and upon the burdens plac-I plac-I ed upon the treasury, as well as upon industrial developments and the main- tenance of tax receipts at a sufflclent- 1 IV High lev el. BIG FLOATING DEB1 j 'The fundamental fact which at I present elomlnates the govern mcnt's , financial situation is that seven and ; a half billions of its war indebtedness indebted-ness mature Within the next two and in half years. Of this amount two and a ha'.f billions are floating debt I and five billions Victory notes and ' war savings certificates. FISCAL PROGRAM. ' The fiscal program of the government govern-ment must be detei mined with reference refer-ence to these maturities Sound policy pol-icy demands that the government expenditures ex-penditures he reduced to the lowest amount which will oe-rmit the various services to operate efficiently and that government receipts from taxes and salvage b" maintained suft'n ientlv I high to provide for current requirements require-ments Including interest and sinking I fund charges on the public debt and at tho same time retire the floating jdebt and part of the victory loan before be-fore maturity, with rigid economy, '.Igoro us sil operations and adequate ade-quate revenues from taxation, a sur plus 01 euireni reccipis oer curi'li' I expenditures can be realized and should be applied to tho fleiatlng debl I All branches of the government should I co-operate to see that this program is realized. F( F.s.siTY OF ECONOMY. "1 cannot over-emphasize the necessity neces-sity of economy In government appro-; prlatlons and expenditures and the I avoidance by tho congress of practices I which take money from the treasury, by indefinite or revolving fund appro-1 I prlatlons. The estimates for the prea-! lent year show that over a billion dollars dol-lars of expenditures were authorised by the last Congress In addition to the amounts shown In the usuul compiled, statements of appropriations. "This Strikingly illustrates the hn-portnnce hn-portnnce of making direct and specific appropriations. The relation between the current receipts and current ex-Ipendltures ex-Ipendltures of the government during tho present fiscal year, as well as dur-lQg dur-lQg tho bust half or the last fiscal year, has been disturbed by the extraordln-iary extraordln-iary burdens thrown upon the treasury I by the transportation act. 111 connection connec-tion with the return of the railroads' Ito private control, over IGOO.OOO.OOu i I has already been paid to the railroads under this act $250,000,000 during1 ;the present fiscal year; and It Is esti-nnted esti-nnted that further payments aggre-1 gating possibly 1660,000,000 must still 1 be made to the railroads during the I current year. It Is obviouH that those) largo payments have already seriously! limited the government's progress In retiring the floating debt. TAX LAW REVISION ' "Closely connected with this, it-seems it-seems to me. is the necessity for an' 1 (Continued on Page fwo.) HERE IS TEXT OF EXECUTEVE MESSAGE TO B8TH CONGRESS it ontlnued Prom Wge One I immediate consideration of the revision revi-sion of our ta laws. Simplification Of the lncOlftC and profl's taxes has become an Immediate necessity These taxes performed an Indispensable service ser-vice during the war. The need for I their simpliflcatloni however. Is very !grca' in order to save the taxpayers Inconvenience and expense and in or-(der or-(der to make hi llabiiitiy more cortnin and definite n:hT and more detailed recommendations with regard to taxes will no doubt he laid before you bv the secretnry of the treasury and the commissioner of internal revenue I "It is my privilege to draw to the attention of ronsrrcy- for verv v mp.r thetic consideration the problem ol I providing adequate facilities for the' care and treatment of former members mem-bers of the military and naval forces who are sick or disabled as tho result re-sult of their participation in the war These h. role nu n can never be paid ; in money for the service they patriotically patrioti-cally rendered t1c. nation. Their reward re-ward win lie rather in realisation of the fact that they vindicated the rights I of their country and aided In safeguarding safe-guarding civilisation SOLDI! Rs AND BAILORS The nation gratitude must be effectively ef-fectively revealed to them by the most amide provision for thelr medical care and treatment n well as for their volitional vo-litional training and placement The Ime has come when a more complete .program can be formulated and more ; satisfactorily administered for th.n ! treatment and training, and I earnest -lj urge thai 'he congress give the mother mot-her its rar'y consideration. Tho m cm ;tary of the treasury and the hoard for vocational oducntton will outline in .their annual reports proposals covering cover-ing medical care and rehabilitation which I am sure will engage your earnest study and command your m0 generous support. FOR mm l it BUSINESS 'Permit me to emphasise once more tho need for action upon Certain matters mat-ters upon which 1 dwelt at some length in my mot-age to the second, session Of the sixty-sixth congress. The necessity, for example, of encou-.g-i ing the manufacture of dyestuffs and , related chemical! the Importance f'i doing everything possible to promote agricultural production along econ I oinlc line; to Improve agricultural ! marketing and to make rural life mora attractive and healthful, the need for a law regulating told storage in such a way as to limit the time during which goofV ma be kept In stor.iR. prescribing the method of disposing of fchSm if kept bco:id the permitted period, pe-riod, and requiring goods released J from storage In nil ease- to hear the 1 dale of their receipt. riiit'Ks o i m i "it would also be most serviceable :lf It Were provided that all goods ro- j leased from coid storage for Interstate shipment should have plnlnlv marked upon each packOffO the silling or market mar-ket price at which th y went Into tOI 'age, in order that the purchaser might be aide to learn whai profits Wood he-. he-. tween him unci the producer or the ! wholesale dealpr, Indeed, 11 would be very serviceable lo the public if all goods destined for interstate commerce com-merce wore made to carry upon every I packing case whos, form made it possible pos-sible a plain statement of the price t (which they loft the h.nd- of the producer. pro-ducer. I respect full v cul! vour attention, atten-tion, also to the recommendation of the message referred to with regard to a federal license for all corporations corpora-tions engaged in Interstate commerce. In brief, the Immediate legislative need of the time is the removal "i ill obstacles to the realisation pf the best (ambitions of our people in their eev-eral eev-eral classes of Smploymsni and tin1 strengthening of all Instrumentalities by which difficulties ,,ic to be nu I '"id removed ami justice dealt out, whether by law or by some form of media 'ion and conciliation. I do not feel It tO I be my prlvileg,. nt present to BUggeSl the detailed and particular method- bj which thne object- may bo attained i but I have faith that the Inquiries 0 your several committees will dtsqgjver I the wax1 and the method. LOAN POR IRM1 M ' In response to what 1 believe to be 'the Impulse of lympath and oplpion I throughout the United States. I earnestly earn-estly suggest that the corn,-! -n authorise au-thorise the treasury of the United State? to make ;o the struggling government gov-ernment of Armenia such loan as was made to several of the allied governments gov-ernments during tin war. and I Would also suggest thai It would be desirable to provide In the legislation Itself thai the expenditure of tho money thus 'loaned should he under the supervis-j supervis-j ion of h commission, or at lo ut i commissioner from the United States in order that revolutionary tendencies tenden-cies within Armenia itself might not be afforded by the lonn further tempting oppnrtunlt v. PHILIPPINE IM'i PI NO i I "Allow mo to iii your attention to the f:ct that the people of the Philippine Islands hnve succeeded In' nmintnining a stable government I since the last action of congress in I their lehalf sad have thU fulfilled; 'the condition set by the congress as1 I precedent to n consideration of granting grant-ing Independence to the Islands. I I respect f 'illy submit thn: this eondi-j eondi-j tlon precedent having been fulfilled, II Is nOW o'lr liberty and our duty to Keep our promise to the people ofi those islands by granting them the Independence which they so honora- bly covet. 1 1 ( IliKDICTORY, ' I have not so much laid before you I i series of recommendations, geptle-ttien, geptle-ttien, as sought to titter a confession Of faith, of the faith in which I was I bred and which it Is my solemn purpose pur-pose to stand by until my last fight- img day. I believe this to he the faith Of America, the faith of the future.; t ahd of all the victories which awnit national :n tlon in the days to come, whether in America or elsewhere." |