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Updated: June 2, 2025
But here it was a question of providing, without any other law than that of love, without the help of any other tax-gatherer than the voluntary collector, for all those necessities at once, including the vast outlays requisite for the first establishment of those institutions, and imposing, by that very act, the necessity and duty of supporting forever all the inmates gathered together at the cost of so much care and expense, within those walls consecrated to religion and charity.
If the State can thus contribute directly to the increase of national productions, it can equally raise its own credit by looking after the reduction of the national debt, and thus improving its financial position. But payment of debts is, in times of high political tension, a two-edged sword, if it is carried out at the cost of necessary outlays.
If, as was likely, his patron, Beauharnois, should be recalled, the new governor might be turned against him, his privileges might be suddenly revoked, the forts he had built passed over to his rivals, and all his outlays turned to their profit, as had happened to La Salle on the recall of his patron, Frontenac.
He felt that he could afford it, on fifty dollars a week; and yet somehow he had always a sheaf of unpaid bills on hand. Rent was so much, the butcher so much, the grocer so much; these were the great outlays, and he knew just what they were; but the sum total was always much larger than he expected.
His remonstrances were met with a spirit of impertinence and defiance that angered the old gentleman to such an extent that he declined at once to pay any further debts of his nephew's contracting, and limited his allowance to a sum which, while sufficiently large to provide for his actual needs, afforded no opportunities for lavish outlays or indiscreet dissipations.
In making up the estimates of the whole financial situation it will be safe to assume that at first our Government outlays will exceed income; our people, however, will have the profit of furnishing products of the United States to an added population of 10,000,000 to 12,000,000, freed from the duty that we can impose upon the imports of other nations.
Many projects are being broached requiring further large outlays. I am convinced that it would be greatly for the welfare of the country if we avoid at the present session all commitments except those of the most pressing nature. From a reduction of the debt and taxes will accrue a wider benefit to all the people of this country than from embarking on any new enterprise.
That ought to suggest a method of relief which will make unnecessary further appeals to the Congress. Unless this can be done, Federal reclamation will be considerably retarded. With the greatly increased cost of construction and operation, it has become necessary to plan in advance, by community organization and selective agriculture, methods sufficient to repay these increasing outlays.
The appropriations needed to liquidate contract authorizations are estimated at 1,113 million dollars. In the Budget for the year ahead only over-all estimates are included at this time for the major war agencies and for net outlays of Government corporations.
Expenditures for procurement and construction will constitute one-third or less of total defense outlays, compared to a ratio of two-thirds during the war years. The estimates also provide for the maintenance of our war-expanded naval and merchant fleets, military installations, and stocks of military equipment and supplies. Our naval combatant fleet is three times its pre-Pearl Harbor tonnage.
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