But there is nothing in the condition of our country or of our
people to suggest that anything presently necessary to the public
prosperity, security, or honor should be unduly postponed.
It will be the duty of Congress wisely to forecast and estimate these
extraordinary demands, and, having added them to our ordinary
expenditures, to so adjust our revenue laws that no considerable annual
surplus will remain. We will fortunately be able to apply to the
redemption of the public debt any small and unforeseen excess of
revenue. This is better than to reduce our income below our necessary
expenditures, with the resulting choice between another change of our
revenue laws and an increase of the public debt. It is quite possible, I
am sure, to effect the necessary reduction in our revenues without
breaking down our protective tariff or seriously injuring any domestic
industry.
The construction of a sufficient number of modern war ships and of their
necessary armament should progress as rapidly as is consistent with care
and perfection in plans and workmanship. The spirit, courage, and skill
of our naval officers and seamen have many times in our history given to
weak ships and inefficient guns a rating greatly beyond that of the
naval list. That they will again do so upon occasion I do not doubt; but
they ought not, by premeditation or neglect, to be left to the risks and
exigencies of an unequal combat. We should encourage the establishment
of American steamship lines.
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