The Logan County banner. [volume] (Logan, W. Va.) 1889-1903, 1891-07-16

the current exp.sasss 81 tile govern
merit, the treasury will. begin the next
fiscal year without any reserve OF
surplus. The government will have
only its future income to meet the ex
Extraordinary charges With which this
billion-dollar congress has burdened it
The regular annual and permanent
appropriations demand af,out $500, 600,
600. This e1traortlinarv sum must be
paid out of he revenues III the current
year or the public debt must be in
creased, unless the general govern
ment proposes 70 follow the example
of some Of the states and repudiate it.
obligations. What IRE the, chance.
that the governnent viii De able to pay
its expen sive way with its income? Ac
cording to Secretary Window the re,
ceipts for the year will be 1878, o0o, 600
Comment upon these figures is unneces
sary. They speak for themselves
The estimate. of course, is not correct
1t is simply a conservative surmise
but in view of the new tariff law, thu
fulle feet which is pot yet ascer
tanned, the revenues are quite as likely
to fall below as to go above the amount
stated by Mr.. Window. If we assume
however. that. they will amount t.
$500, 00O, 900 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 thei,
way through the coming fiscal year.
and new debt Of from $3.50, 600, 900 to
$500, 600, 900 must be created to meet the
emergency.
To the extraordinary expenses of the
year there must be added about $50,
000 600 of.41z per cent. bonds that fall
due on the 1st OF Septem Der. Secretary
Foster has practically admitted that
he cannot pay this debt, which will
not be much if any larger than the
contribution required by Che statute
for the annual payment to the sinle'
ing fund.
The government is going backward
Republican extrayaganee,h has destroyed
the surplus. The treasury is slipping
back into debt. We are no longer
meeting our obligations. The billion
dollar congress has made ducks and
brakes Of the public money and al
though we are not at war nor seriously
menaced, and although our income is
abundant, we are forced to face the
necessity Of increasing our debt lin
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 swarm of henchmen for whom
new offices have been created. The
country has been robbed by Mr.. Reed 9
truly business congress of all that it
has, and of more. r..
The wiping, out of the debt has been
stopped for time. and it becomes the
duty of the new democratic, house to
face the situation without Ainching.
Economies must be iIangurated, no
matter who may be hurt. The govern
ment must be bought back to the hon.
est paths of thrift and prudence. Tariff
taxation must be reduced that revenues
may be increased. Mr. Harrison and
his senate may do as they will, but the
democratic party must exert all its
power to the healing of the financial
ills with which the .conntry has been
afflicted through the brief aseendancy of
the party of monopolies and trusts
N " World