US Presidency
1892

We should not collect revenue for that purpose, but only use any casual surplus. To the balance of $ 32,860,030.05 of receipts over expenditures for the year 1894 should be added the estimated surplus at the beginning of the year, $ 20,992,377.03, and from this aggregate there must be deducted, as stated by the Secretary, about $ 44,000,000 of estimated unexpended appropriations. The public confidence in the purpose and ability of the Government to maintain the parity of all of our money issues, whether coin or paper, must remain unshaken. The demand for gold in Europe and the consequent calls upon us are in a considerable degree the result of the efforts of some of the European Governments to increase their gold reserves, and these efforts should be met by appropriate legislation on our part. The conditions that have created this drain of the Treasury gold are in an important degree political, and not commercial.