Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1890-07-31
Bankraptlng tho Treasury.

in the Philadelphia ledger by It's
Washington correspondent, Major
Carson, there will be an immense
deficit III tho national treasury at the
close of tho current fiscal year rs the
result Of the profligacy of the first
session of Congress under the pre-.
sent administration. Major Carson,
who is Republican, is clerk of the
House committee of ways and means;
he is in the Tcry best position to be
advised as to the revenues and appro-
( priations; he is known as one of the
most conservative and reliable of
newspaper correspondents, and his
presentation of the existing financial
condition of tho nation has therefore
caused great sensation in political
and financial circles.
Major Carson's statement is that
the total receipts of the Government
for the year will be $450,O00,000,
against $45o,O00,O0o of expenditures
already provided for, to begin with.
TO hcsc expenditures will have to
be Glo,d $12,O0O,0OO to supply the
deficit in the regular appropriations
for pensions; s20,000,00O more, at
least, for the dependent pension bill,
and $10,000,00O for miscellaneous
appropriations made by Congress at
this session, making total of over
$500,000,00O rs the expenditures for
the current year Dcducting then
$50,000,000 from the receipts on
account of the proposed reduction
of revenue by the new tariff bill,
the difference between the receipts
and expenditures will be over $780,
100000. lin this calculation, more.
over, no account is taken of nearly
q million of dollars that will be re-
quircd TO start the machinery Of the
Dependent Pension Act, for which
the commissioner of sponsions has
asked, and n bill to meet which is
now pending in the House; the
S5,O0O,000 involved in the subsidy
bills; the fully S12,000,000 needed to
execute the Force election bill, if
passed this session, nor the $40, 0,000,-
600 which it is estimated will be re-
quircd to pay the sugar bounty should
the tariff bill pass.
The attention Of Secretary Win
dom having been directed to this
statement, he declared that there
"will he no dcGcit"-which dcclara.
ton he explained by saying that by
adding the s5G,0Oo,000 now held in
the treasury for the redemption Of
circulating notes of national banks
that have failed and are in liqlida-
ton, and &23,o00,000 of so-callnf
available assets in frag:.;;r,,n,tal s;l,or
coin. J., tl,, al6 .~ecf-''t 'tt'oi''i SIi'eT
oo' w 81. o,s Io,000,00O of net bal
'sH!l W, tie will be able to disbursc the
full amount appropriated by Con-
grcss. The fact remains, however,
that when the present session of
Congress terminates, the aggregate
of appropriations for the year made
will exceed the revenue of the Gov
crnnent for the year by the amount
that has been stated, (Sl00,000, ,000,)
provided that the tariff shall be
passed and the pending appropria-
ton measures shall be enacted sub
stantially in their present form, and
the Rupublican party will have to
meet the issue Of extravaganza which
it has thus made. The Democrats
managed to save 800, 100000 yearly
out Of current revenue. The Rcpub-
licans have managed not only to
spend he current revenue, but arc
comrhi ted to an expenditure of
&l0O, ,o00,00 more.
This rockies, waste o: :h0 public
money is too plain to be concealed
by Mr.. WINDOWS statement of how
that waste is to be met, and the Re
publican leaders in Congress and in
the Administration are no doubt fully
sensible of the futili,y of trying to
conceal it in that way. Some sur
prising changes in pending lcgisla-
ton may be expected, therefore, dur
ing the next week or ten days, and
the provision for free sugar will pro-
badly be among the first to go. II
SO, Mr.. Blaine will indeed be in the
position, to all intcnts and purposes,
of having carried this point single
handed against the opposition Of the
Administration and the party leaders
in Congress, and his success will
place him at the head Of the party
just when his rivals thought he was
permanently shclvcd. = Charleston
Ncrs u1'0 CO,uiCr.