The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1890-08-22
The Sleulptsa!.
rnE lMrENnlNa DEFICIT.

The Philadelphia Press has published
the results Of careful inquiry Ia an in
Hterestlng article In which, assuming that
the rcvenae OF the year will be $4oo,ooo,-
600, Il finds that the expenditures already
provided for, including sinking fund pay
ments, will AMOUNT to xsos4oo,sSo, or IA
total less than the revenue.by "a $4,000"
and then adds that no allowance has been
made IN this statement for dependent pen-
sions, oat least $ss,ooo,ooo," or for the
reduction of the revenue by the Mckinley
tariff bill, 'probably about $4o,oooeoo. 2
The P,esS also says;
"Mhen dependent pensions are me,,and
with the Mckinley bil passed, the rev
enue for next year, even paying nothing
to the sinking fund, win fal short OF the
outgo for the next yearb from $5o,ooo-
ooc TO $4o,ooo,aoG. This has not happened
since the war. II ought not to happen
now.
But the payments on account OF the
sinking fund have not been suspended by
law. they be included the total excess
of expenditure given above Is swollen 10
$So,ooo,oeo or $9oooo,ouo.
The New York Tribune published aiew
days ago an estimate OF receipts aud cx
penditures. II found the 'the total appio
priatlons will call for an expenditure o
100000, o,ooo,' and that there will be -
b total Of S47s,ooo 600 revenue The dit
ference between these totals and those o
the Press Is explained, for the most part
n by the iaceihat the 7rI5-ae added In III
postal revenue and expenses, But thi
statement "left out OF view the posSlbl
effect of tariff legislation on the revenue
n OF the government" and II has commonl
~ been estimated BY the supporters Of III
- Mckinley bill tina, the passage OF Il woul
= cause an anrual reduction OF at leai
~ SSo,ooo,ooo,
Then there Is the ST Louis Cisbe Dsst
- erat, paper whose loyalty to the repuol
y can part, and policy will not be ques'lone,
n II has repeatedly warned congress thI
- legislative extravagauee would Prohab
cause a deficit. Here Is what Il said O
the 25d instant;
"To permit the government to eseap
m the humiliation ard embarrassment Of
deficit, device In treasury book keertn
which was not looked for and which VI
not available few weeks ago, VIII al
s' parently have TO be restored TO- tt
hank note redemption fuad Of about $Ss
- 100000, which the new silver law reiease
~ will have to be draw on Ia order that Il
government, may escape the disgrace at
o. discre1lt of Insolvency, Even the mo
reckless and o5;use of the republics
members Of congress should begin 10 VI
derstand by this time tha, the party, Ia !
management of the fiscal affairs of II
nation, Is pressing perilously close TO Il
&c danger line. There Is prohal
ili,y, OF course, that this narrow eseal
As from financial wreck may teach the !,
publican leaders Ia the national legisla,u
an important aGd valuable lesson. At a
a events, ifthe controlling party during Il
session next winter, Ia which the manag
ment Of the affairs OF the government f
z the i,eal year immediately preceding th
= presidential election Is TO be provided 70
shows In the matter Of appropriations ii
20 contempt for ia" dictates of reason at
an the lessons of experience displayed In II
Presen, session. disaster a, the polls CT
hardly be averted.'