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Show M: IM)NI) ISSUE AND SECOND CAMPAIGN M BOTHER PRESIDENT WILSON. H ; Tho treasury uituation is giving tho ndmlnls- j tration real concern. It mcanfl, unless improve- H menta result, that n bond Ibsuo probably will have H i to be mado before the flscnl year ciuIh. Natural-Hj Natural-Hj . ly, tho president nnd his ndvlsors do not relish H j tho notion of going into the presidential enm- H , palgn with n Iwnd Issue to be defended. The A ! aUtcmcnt here made is from tho "bull moose" H Washington (D. C.) Times of tho 12th of August, 1 ? no it cannot bo called inspired by republicans to m I) ' discredit President Wilson. Tho Times says: B j "Obviously, there may be circumstances under H ; which defense of n bond Issue will be easy. Thus, i if there is trouble with Mexico nnd a campaign H; j has to bo undertaken there tho country would H 1 i regard n bond issue as a natural accompaniment. B 4 ' Hut if the country rcmnins nt peace, it will be H I easy for tho enemies of the administration to H J j criticise tho president and his advisers for fail- B 1 1 tiro to hold down government expenditures. B "Tho treasury statement shows that the gov- B ; eminent incomo nnd outgo is not satisfactory. B Tho customs revenue thus far in the fiscal year, K " which opened July 1st, is about $10,000,000 lower B A. than it was in the corresponding period of tho B y lost fiscal year. Interim! revenue nnd mlscel- H & laneous receipts, taken together, arc also lower H . Ld thus far. The internal revenue receipts, consld- B ;C cred alone, nro slightly abovo what they wcro a B ,i year ago, but it has to be remembered the war H w tax ia in force. Ba . "Tho total deficit of the treasury thus far is H about $10,000,000 as compared with about $8,- B ) 000,000 at the corresponding time in the last j fiscal year. On the fncu of things, this would HH j not bo a subject for serious concern. Hut the EBB , government is confronted with tho necessity of H much heavier outlay for national defense. The B war tax law, when it expires next winter, cannot K lo repealed without adding Inrgcly to the deficit. H Consequently, it is supposed the administration H '. i will have to ask congress to extend it. H : "Prcssuro on congress for big expenditures in H many directions will bo strong. The advocates H ' of a liberal public building policy will bo active B 7 next winter. Then there looms up the sugar bBj ', tariff. Ia tho administration going to back wa- AV y tcr on tho (jucation of free sugar? Belief is hBJ j( strong in many nunrtcra that it will do so. It BBj j will bo embarrassing in tho extreme to Secretary AVj McAdoo to lose the revenue from Biignr after the bVi 'i time fixed for frco sugar to go into effect next BB h spring." |