The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1849-12-06

THE GOVERNMENT DEFICIT.-The Wash
ington Republic alludes to its former state
ment, that in the amount of revenue which
will be requisite to meet the expenditures Of
the government for the fiscal years ending
the Both of June, 1850 and the 30th of June
1851, there will be a deficit Of between ff-
teen and twenty millions Of dollars, growing
out cf the extraordinary expenses of the
Mexican war and treaty with that country,
land says:
The reports of Mr.. Walker and the statute
book fully explain the mode in which this
cause has operated. We cite from printed
documents. Our receipts in 1917 were $780,
346.790; our expenditures in the same year
were $50 929093. Our receipts in 1913 were
S35 1856 $50; our disbursements lin the same
year were $42 611 $40. In the years 1877
land 1913, therefore our expenses exceeded
our income $50. So, 523. By the law provi-
ding for the execution, in part, Of the twelfth
article of the treaty with Mexico, So, 100. 000
are appropriated to pay the principal ana IN
terest due May 30 1919; and $354OOOO to
pay the principal and interest due May 80
1850. Under the provisions Of the fifteenth
larticle OF the same treaty, the Secretary of
the Treasury will be called upon TO pay
Isl $50 Geo Of claims of citizens Of the United
States against the republic of Mexico Here
lis q sum Of 947467. 523 over and beyond all
our receipts. A portion of. it has already
been provided for by the issue Of treasury
notes, on which interest is to be paid, and all
this cannot be paid from the current revenue.
This constitutes the deficit. 1t results from
the acts Of the last administration, with
which the present has had nothing whatever
10 DO.
The Washington Union processes to be
shocked at the prospect OF a deficit, and con-
siders it as proof that the leading policy Of
the Wings is to multiply expenditures and
increase both the taxes and the Indebtedness
of the Government. The National Intelli-
gencer replies:
This administration has not expended any
money nor contracted any debt that can
make necessary additional taxes, or even adj
ditioaaI loans. The deficiency is solely the
creation Of the LITE administration of which
the "Union'' was the organ and is still the
Ieuo yist, and theirs the neglect Of making
provision Tor a contingency which stared
them IL the face, and which, unless binder
than beetles, they must have lorcscen. The
cream Of the joke, however, is, that the
"Unon" finds historical parallel to this pre-
tended increase Of expenditure by the present
administration in the following statement:
at will be remembered that prior to the
coming in OF the Harrison administration in
.1841, Democratic Congress, at the prece-
ding session. made ample provision, by way
of appropriation, for all necessary and reas-
enable expenditures OF the government, for
the year ensuing; yet at the extra session
those expenditures were largely. increased,
and the burden of the people rendered still
more onerous by the Wing majority of the
hard cider Congress"
Really! The Democratic Congress which
expired, in March, 184l, made ample dppro-
priationS for the necessary expenditures of
the year following It's exit! Very WE'LL
They did not spare the appropriations; but
they, like the last administration omitted to
provide the means to meet their o1cn erpendi-
t1res-to make up the deficiency which they
themselves had created. They ran away
(like rats from an empty barn) from a treas
ury which their own improvidence had utter
ly exhausted, leaving the succeeding Wing
administration under the necessity within the
first month OF It's existence, of calling Con
gress together to enable it to avert the dis
grace of national bankruptcy, which whilst
in power the Democratic administration took
no care to guard against