New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-06-18

Of 1891 and 1892 would be one hundred millions
''''''' U'''' "''' Percent
Fiscal year 1885,. Fiscal year 1891 increase.
Ordinary. includ:
interest 5000 22e ?ss Il ssz = GOO SSS q
Total ... .s8Oo, 1928 50 444ooOOOo 90 40
Ne Soslo seryee 40 5eosls 50 o4oooOOO 90 so
1t is well to call the attention of the country, and
especially Of Democratic friends, to the tact that
this Nation 10 constantly growing. When tney MP
PANTY talk about billiond dollar Congress- We can
reply that this Is a blllon-dollar country ana thaC
within he lifetime OF th3Se now nov INV vg S 10 Dnde
take defence of all the appropriations that were made
some appropriations that should not have been made,
but all Of this character were supported as much by
Democrats by Republicans. As to the approprlr
to be considered should be- Is the Treasury in sucn
financial condition as to be able to pay them ana are
they IN the et of the necessities Ok eur people JUST
tablet" All Of this character are defelsl0ie upon the
aerSse IL in SpP9ro TH is for the
postal service. This represents simply the CROWN
not appropriation in the ordinary sense Of the
term. All the Government pays out OF the vast APP
preparation made for the postal service the difference
between the receipts for postage and tho expense OF the
service, amounting annually to perhaps hvy or SIX
to tho increase of appropriations for this purpose
large increase is in the matter Of pensions In fact
nearly twothrds Of the entire increase referred to- or
Sl13300,O00. Is due TO the increase Of the pension
list The appropriations for pensions Tor tne years
may as we'll understand that there IS public sentl,
ment in the country that will push forward the Just
lives that the Union might live shall come within the
folds of the pension laws Of the country Docs my
in appropriations for this purpose If be does let
him say so. There Is Increased appropriation Of
$o.OO000O fer census purposes TINS OF course cQua
not be avoided. Does any Democrat object to this
There was an increased appropriation OF Sll,OOOoOo
unless Democratic economy steps in the way, our
Navy will be the pride Of the Nation, and an enormous
halp to our diplomacy. Does any Democra' OBJECT "
Large appropriations made for the Agricultural
Department. These appropriations have been used
By the present secretary General Rusk IN the most
effective way for the good OF me country Every
the proper application of the large appropriations i9r
the Agricultural Department Already decided h al-
vance has taken place I'm the price OF cattle ana oSs
Does any Democrat object to this , ,
Increaed appropriations to the extent Of FL, nearly
Sj,OOO,OOO were made for river and hsroor improve
ments. wish to give you Just little bit OF my own Wil
observation on this subject IN my cary BUSINESS luz 1f
eight or ten feet of water in tho Toledo and Sandnsky
harbors. about twelve or fourteen feet at CleVeland
that would carry from twenty to Twenty-Five thousand
bushels of wheat considered large one. six
te'S ra D"i in these vessels rom Toledo to Buffalo and
8 or 10 cents from Chicago me charge was seldom
teryened perhaps five six millions of dollars have
been expended upon the great Lakes propeller viii
carving 100 900 bushels each, at rate not exceeding
cents per bushe thus clearly enonstratng that the
benefit in each year many times the total cost Of these
improvements. DO my Democratic friends object to
IN increased appropriations for this purpOsel No
viii contend for moment that the Increase of nearly
So 100000 for harbor defence Is not entirely ustable
some a15 100000 appropriated for the purpose of
refndng the direct taxes paid to the States during the
war. OF this sum over al 100000 was paid TO ohio.
state and the causes that have led 1t 70 the verge Of
bankruptcy am sure , mat sTovern tb Campbell nor
that has for the time being bridged over most EN-
barsSng situation.
Items OF increased expenditures made by the List Con-
gress. Are these appropriations of such character as
and is the condition Of the revenues such to justify
them / answer yes. know it is fashionable for
oIr opponents 10 talk about bankrupt Treasury and
to predict that will not be able 10 pay the apprO
priatons made by the List Congress. The present
Administration has paid 1896, 100000 Of the bonded
debt of the country Speaking from n thorough
knowledge Of the subject, make the prediction that
10 meet all the expenses of the Government. and add
handsome sum to that already paid ON the bonded
debt Of the country.
Comment is made upon proposition recently made
by the Treasury Department to extend at low rate Of
Government has the option 70 pay on the hrst day OF
september next. popular misrepresentation pre-
walls In regard To this maturing Government debt
United states bonds are payable ON certain dates at
fine option Of the Government If II chooses not 10
nav and to make arrangement for their extension
the holders cannot call upon the Government to pay
them. and the rate OF interest specified In the bond
cn ca for she Trende, of the bonds The proposed
action In extending the II per cent bonds has been
!
! extending them may he enabled 10 induce the Ma
tional banks buy them basis for the issue OF
additional circulation medium. If hopes
realized we will be able 10 add &2J 900 600 IN National
hank notes 20 the currency OF the country. This
think wise in view Of the fact that recently than
AGO 600 900 of our gold coin has been exported TO
Europe There is doubt but that the bonds can be
extended promptly at per cent rate of interest,
hIbtng credit for this country higher than that Of
any other Nation earth. have doubt that such
a bond would sell mt a small premium.
There ore prominent Republicans who agree with
the Democratic party in favoring the free coinage Of
silver This Is a subject that In the immediate past,
he present and In the future, will command wide
attention not only IN country, but throughout the
Civilized world occupying the place do, l feel that
some expression from me at this time upon this sub
ject is expected. That a single standard OF value
kosed upon ethe~ gold silver i too narrow basis
upon which 20 conduct the business Of the world Is
nov apparent to all who have. studied the question
i'm this country, and by many IN other civilized
tries as well The policy that ought To be pursued
in this country should he such to retain for the
basis Of our financial operations both metals. Since
the Allison bill Of 1873 was passed. have coined
sgO2 s7315s and this whole Is IN active
circulation, mainly IN the form OF its paper e,uiva
! lent. the silver certificate. Yet with all Of
silver and with all Of paper money, we are on
gold basis and there will stay. To get 100000.
900 Of our gold. Great Britain and other European