Marble Hill press. (Marbel [sic] Hill, Mo.) 1881-1923, 1890-10-30

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administration the surplus
amounted to over S1OO,OOO,O 900,
and this tact caused him to
recommend a general reduction
on the necessaiies of life. As
an answer to Mr.. Clevelands
logic, the republican party i'm
mediately squandered the sur
plus and sought means of in
creasing taxation.
A DEFICIT COMING.
Figures Showing the State Of
The Federal Finances.
If a Democratic Congress is cho sen this
autumn twill confront when it meets a
Treasury nearly depleted as the results of Re-
publican extravaganza. The total appropri-
atoms Of the fiscal year, which began July 1,
are S3bI ,3II,5o3. exclusive of the perman-
ent annual appropriations for the sinking
fund, interest on the public debt and other
small items. The only thing which can
save the Treasury from bankruptcy are the
appropriations to governmet uses Of $55-
900, 900 deposited with the Treasur, in trust
as security for the redemption of the nation
al bank notes, and the hope that all OF the
money appropriated at the session Just PASS
ed will not be snent within the year. Near
ly all the appropriations show an enormous
advanceiover those for the year which has
just closed, The following table will show
some of these increases:
Title Of Bill For 1901. For 1900.
Agriculture...... S r,799,'o S 1866, 77o
Amy. ..... 24,2o6,47I s43Ie,6I5
Diplomatic and
consular 80. -. I,7ro,SI5 1880, oes
DIS OF Columbia 5,7o9444 s,6S2,4o9
FortiAcation. .... 4,232,9,s I.2,,, ,so4
indian ...... 1903, 1I6 S,o77,353
Legislative, execu-
tive and judicial. al,o2o,7sz ao,s45.6ls
Military Academy 435,296 oo2, 766
Navy ''.:. 80. 23'l3o,o35 2l,69.,5lo
Pensions, ,includ-
ing DEFICIENCIES 133,779,36S 59,758, 100
Post office 72,226G9S 66,6U5, 34l
River and harb'r 34.9Sl,2S5 -
Sundry civil 29,73S,2s2 25,295,34l
Deficiencies be-
sides pension l3.366,708 $3.50 7O8
Miscellaneous 5,435, 1874 1925, Cos
Total $3Gl.3ll,5U3 $2e6,G46 Ago
Permanent ap-
priations $lol62s,753 $1os,671, ,o55
Aggregate 462.399,956 395, 337 ,5I5
If tho expenditures of the government
stopped with these enormous appr,pria-
tons there might still be reason to be.
lieve that the heavy taxation laid upon
the people would furnish money enough
to meet them. The Republican Con.
gres, however, passed one bill for which
it has made no provision, and strangely
enough it is the one measure upon which
Republican politicians will dilate the
most in their appeals to people for their
reelection This is the hill granting a
disability pension. 1t was estimated
when it passed that 5Ou.0Oo application
would be made uuler it and that the
expenditures would be ahou, $4,000,
UO0 Already the applications have
almost doubled the estimate and il they
arc hvorahly passed upon by the GOO or
more new clerks under the charg, Of
Commissioner Eaum the expense will
also be doubled. For this expenditure
Of $6O. .NODVU "a $7n.OOO,UUO per year
the Republican majority made no pro.
vision. This does not mean that PEN
sions will not be paid under the act,
but it means that the millions called for
will be appropriated next winter when
election day has passed, and the figures
cannot be used to illustrate the extray.
agance of the present session. The ex.
pense for this year will not be SO large
as in the years to come, because the
pensions will only date from the time
when they are allowed and tie average
date OF allowance will hardly be earlier
than January |, in the middle of the
fiscal year. 1t is fair TO estimate that
the expenditure the the current fiscal
year will be about $50 OO0,UIO, running
the total appropriations authorized for
the year to about $492 .OOO,UdU. This
will be $97 U0t.WU in excess the ap.,
preparations for the year which has
just closed.
If the Republican purity set out to
wipe out the surplus it will come very
near success. The total revenue es,.
mated by tho Sccretary'f the Treasury
for the year was $450,OdO,OOO Oh the
bass of existing revenue laws. The
trainers OF the new tariff bill estimate
that the bill will reduce the reyenue
$G6, 6,OCU0U q year. Going into effect
about October l., the reduction for the
remaining three-fourths of the present
tis al year would be $40 5OO, 900, re.
ducing the estimated revenue tor tho
year to U,OUU,Om. Here would b. a
deficit Of not less than 50 1000 O,tn.
Fortunately there was "A balance iu the
Treasury Of $50, ,WU,OOO wnen the year
began. AS il in fear that this would be
insufficient for their own greed tn, lie.
publican majority d llbelatciy Transfer
ed from the reserve fund ia the treasury
to tho cash balance tho SUM Of S54,2O7,.
975, Is whicn had been deposited hv
national banks aS security for tho re-
demption OF theil circulation. These
two items would cover lLr deficit Tor the
year II there were no iond purchases
boy ond those required for the sinking
fund and no extraordinary demands up.
on the Treasury. Tho transfer of the
bank note redemption lnnd was a clever
political rusc, WhVSo roal character nnd
ollct a,e difficult to mxko plain except
10 those whV understand TIA Treasury
bmk.ksesi"x. H"ncefmth tho cxpend.
ilutes ot tho government will bc | crcas.
vi Ivy nb ut s2OOONN n, month 10 meet
,ne charges for which his mnd ww
pad IN by he banks, Andi,w This yeAr
lha Treasury gn,ns siU,'xUUM without
taxation, except upon tlW banks. an
apparently by 'ncre Nrole Of the pom,
I, covers t:tnnutTi cAtrnvayauco IN
.,,.h "A nay na IA ultu,,st hilp II, Vha