The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1891-05-22

The fiscal year Of 1907 will legin On
the list Of July. The appropriations
for Il were made az the last session If
congress. Expenditures IN their nc
count will not begin for more than .
month TO come. but In the meantime.
and for the first time In thirty years,
the United States government Is In
ktraitcncd circumstances Secretary
| Foster docs not know how he is TO pny
the next quarters pension bills, that
fall due on June 4. lie has soine
SCI 900. 900 Of small change In the
treasury. but that viii! not be- sufficient
by 81 600. o0O. II he succeeds in getting
together enough money 70 meet this
extraordinary obligation and to pay
the current expenses Of the govern
mcnt. the treasury will begin the mex
fiscal year without any reserve or
surplus. The government will have
only its future income 10 meet the cx-
traordinary charges with which the
billion-dollar congress mas burdened il.
The regular annual and permanent
appropriations demand about $500. 0o0,-
600. This extraordinary sum must be
paid ont Of the revenues Of the current
year or the public debt must be in
creased. unless the general govern
ment proposes to follow the example
OF some Of the states and repudinte its
obligations. What are the chances
that the government will be able to pay
its expensive way with its income? Ac-
cording to Secretary Window the re-
ccipts for the year will lie S3ss, 900, 900.
Comment upon these figures is unncccs-
sary. They speak for themselves
The estimate. Of course. is not correct
IL is simply a conservative surmise,
but in view OF the new tariff law. the
full effect Of which is not yet ascer-
tanned. the revenues are quite as likely
to fall below as to go above the amount
stated by Mr.. Window. II we assume.
however. that they will amount to
S4oO, 900, OOo the outlook is not much
brighter. There must be an enormous
deficiency. In consequence OF the abb
solute control by the republican party
OF all branches of the government the
United States are not able to pay their
way through the coming fiscal year.
and new debt Of from $3.50. 600, 900 to
F-vu,Vv".v wv must DC eiSttcu ~ AhSSt ehc
emergency.
10 the extraordinary expenses Of the
year there must be added about $780,
100000 Of AZ per cent. bonds that fall
due on the list of September. Secretary
Foster has practically admitted that
he cannot pay this debt. which will
not be much If any larger than the
contribution required by the statute
for the annual payment ~ the sink
ing fund.
The government is going backward.
Republican extravaganza has destroyed
the surplus. The treasury is slipping
meeting our obligations. The billion
dollar congress has made ducks and
brakes Of the public money. and al
though we are not at war 0 seriously
menaced. and although our income Is
abundant, we are forced to face the
necessity Of increasing our debt in
order to bestow largesse upon the
favorites of the republican party, PEN
sion agents and other enemies Of honest
soldiers, politicians who seek votes
with public buildings and river and
barber improvements, subsidy hunters
and q swarm Of henchmen for whom
new Offices have been created. The
country has been robbed by Mr.. Reeds
truly business congress Of all that Il
has. and Of more.
The wiping out Of the debt has been
stopped for q time. and II come the
duty Of the new democratic house 70
face the situation without fiinching.
Economies must be inaugurated, nc
matter who may be hurt The govern
ment must be bfoight lack to the hon
est paths Of thrift and prudence. Tariff
taxation must be reduced that vcn
may be increased. Mr.. Harrison ans
mis- senate may do Us they will. but the
democratic party must exert all II:
power to the healing of the financial
ills with which the country has beer
afflicted through the brief ascendancy ol
the party OF m~onopolies and trusts
n v World.