Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1891-12-31
FALSIFIED BY FACTS.
Democratic Organs Again Off
on the Matter of Receipts and
Expenditures.
me Condition of the Treasury I'm
der Republican Rule Found to
be Very Flattering.
Neither Deficit Nor Unwieldly Sur
plus Results From q Careful
Stewardship.

The simultaneous publication of the
presidents me- ssage and the report of the
secretary of the treasury constituted q
triking exposition of the administration
o 1.-THE affairs and finances of the nation by
the republican party. 1t was, in fact an
account of stewardship frankly and fully
rendered by the president and the trusted
and sterling republican secretary of the
treasury. The account is one to which all
republicans can point with pride. 1t Is !
record of faithful service, intelligently and
efficiently performed. The able, clear and
comprehensive statement of Mr.. Foster
admirably supplements the strong and
dignited message of President Harrison.
The democratic organs who have been pro
claiming that the revenue of the govern
ment would not be sufficient to meet It's
expenses, and that deficit was imminent,
owing to the reduction of the receipts from
imports through the Mckinley tariff, again
have the satisfaction of seeing their pre-
dictlons utterly falsifed by the actual
event.
There is neither deficit nor an I'M
wieldy surplus. The reductions of revenue
by the Mckinley law have not been exces-
sive. The revenues have been lowered to
a point that affords a sufficient sum for the
economical administration Of the govern
ment and leaves a moderate balance on the
right side of the national ledger. S cretary
Foster shows that for the fiscal year 1891
the receipts OF the government were S45o,
544, 1888, while the disbursements were
S42l, 3O4, 47O as. leaving a surplus In the
treasury of s37 239, 1927. For the pres
emit fiscal year the revenues are estimated
as follows
From customs ................. SIS zoo COZ
From internal revenue. ................ l52Od0,Olo
From miscellaneous revenue. .......... 250OO,O0C
From postal servlce..... ........'.'. h,ooo'oVO
Total estimated revenues ........... S433 COO
The expenditures for the same period
are estimated as follows:
For the civil establishment .........S1 00 ,0OC
For the military establishment. 46,OOO,OUt
For the naval establishment -. ...... 32,GC0,0Ot
For the Indian service. ..............,.. 12OO0,0E
For pensions ...... 49, ....... 125, 900
For interest on the pubic debt .., % OO0,9NC
For postal service observation-disclosures. n00U,uOC
Total estimated expensee .......... S4O9 O1O, OOC
Leaving an estimated surplus for the
year Of. .................- S4ooo,oot
Secretary Foster thus estimates the
probable condition of the United States
treasury on dne 30, 1892:
Cash in the treasury July ], 1891, In
GLIDING gold reserve Sl53 s93, sos
Surplus for year, as above ........... "a 00I, 0UC
ton of national bank notes. ......... 5000, OOC
Total amout avsllabe ............$ $50, 693, SUs
Iehs:
Redemption of national
bank notes during the
year. S16,OOO,O0O
Redemption of bonds, in
teresI notes and fraction
al currency to November
/, 1891 -. ............ 2O,911,163
Redemption of same items
during remainder of year 4,254,5O0
-- ii, 165, 66s