Evening Republican, Volume 18, Number 208, Rensselaer, Jasper County, 3 September 1914 — WILSON PREPARES REVENUE MESSAGE [ARTICLE]

WILSON PREPARES REVENUE MESSAGE

About One Hundred Million Must Be Provided to Offset Curtailment in Customs Receipts. Washington, Sept. 2—President Wilson will begin tomorrow the preparation of a message which he plans to read to congress Friday urging the necessity of emergency revenue legislation to offset curtailment in customs receipts since thebeginning of the European war. About $100,000,000 must be providIt is understood the president will make it clear that sufficient revenues for all purposes are assured but that the sudden cessation of shipping has reduced customs receipts until millions of emergency receipts must be raised ter prevent a deficit. It was agreed that the ways and means committee should work out a bill which Will be reported early next week. Mr. Underwood* has asked the president to indicate what course he proposed to recommend in raising the needed revenue but up to tonight the president had not done so. The treasury deparment reported today that customs revenues had dropped off -about $11,000,000 during August. Total customs receipts for that month were $19,431,364. Slight increases over August, 1913, were shown in internal revenue and corporation tax returns. The total receipts tor the months were nearly $10,000,000 less than in August of last year. *