The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1891-03-06
SOuANDERED MILLIONS.

Senator Carlisle Discusses 'the Vanishing
>urplu~"--iie shows Deficit Of $50
900. 900 For Next Ycar--A Tale ~ Repui-
liean Extravaganza and High Tariff Tax
alton.
Everybody has known that the Re
publican majority in Congress has about
succeeded in squandering the great sur
plus in the Treasury. Everybody has
heard intimation. too. that q deficit IS
likely TO take the place Of the surplus in
the near future Republican Senators
themselves have made public statements
which showed that the possibility Of
deficit was booming up ~ disturb the
peace of the Republican lawmakers.
The quiet haste with which Speaker
Reed and the small cabal now running
the House Of representatives let the di-
rect tax refunding bill drop was another
Indication tina; the bottom Of the Treas
ury would soon be reached
The exact state Of the Treasury and
its future condition have thus come 10
be subjects Of speculation and prophecy;
but there was no trustworthy Informal
ton which took account Of the future
demands upon the Treasury together
with its resources for meeting them
such statement has now been made
by thu most competent authority in
public life. senator Carlisle. ~ Ken
tuclxy. He does this in . striking article
in tho Forum Magazine for February.
entitled The Vanishing surplus"
senator Carlisle finds that the condi-
ton 81 the Treasury az the close Of the
present fiscal wear. June 80. 1891. will
be approximately as follows:
Assrr~.
Available cash on hand July i.lse-
including redemption fund ..... Sill Or ~
Receipts $500"
Total .-.s..4+.-. sts>.u-s.tps
rfAnfIfr1ES.
Ordinary expenditures S19foo 20
E,. lcinpll0 az Nation bank notes x..y %
Rebate on tobacco and ~nnn i.uo5.vv
Purs bases 81 bonds or the sinking
fund. ana other redcmpf on~ ~
debt. with premiums. a per sec
r.tary,s r.nort ........ iloofo.cog
Total .Ssly.g0 no
This shows deficit Of l4.0oo.o0O for
the year. The account for 1892 will
show much larger deficit Here j.
Mr. Carlisle's forecast Of the condition
Of the Treasury nj the end Of next year:
Revenues from all source. $4,000 900
IrAHiLfrIEs
pcficlt for year l~yl ....A.....s..t lioo,. 100
Estimated ordinary expenditures.
according 10 tnc ~ecretary's re-
port ~ ~ ~
| Pension denclency..... ~" vf"'
Rivers and harbor-. ...........*....- W'"t.t
/ sinking fund is<-s m
| Total ..... s.....-. ..-*.s sa''"ts'' N
| ..This shows deficit Of So. O4t.3s. on
July 1. ls9.. II the requirements Of the
sinking fund law are 70 be complied
with. or deficit Of S34.sl9. s5a If moth
inc whatever j. 10 be paid on that &C
1 count"
4 While senator Carlisle does not claim
absolute accuracy for these estimates,
~ gives good reasons for believing that
the deficiency will in each ease be above
rather than below the amounts stated
some interesting comparisons are
made ~ Mr. Carlisle 70 show how rap
idly the expenditures o. the Govern
mcnt have outStrippcd The rate at which
populnfion has grown. while oar
nopulation." he says. lin 1890 was only
sixtc,p times as great rs in 1870. our
expenditures. excluding all payments
mon the interest and principal 81 the
rnhlic debt. were more than 100 times
!. ,,cat. IN other words. the pDpnla-
,;on increased from 3.o-9,si4 in isro ~
a. aso. slo Ii 1890 while the ordinary