Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1891-05-01
N. G. Y. l..

! ' IN
DIES, M institution which in the brief
period Of a single decade has risen
from obscurity to II national reputa-
ton, and has grown from restrict,
ed patronage in hired house to Il
great College occupying three build
ings in tho very heart of Nashville,
and enrolling 407 people from Ii
States of The Union. Such record
has no parallel i'll our history. Note
the card III this issue.
The one billion and thirty. eight
million Of public expenditure which
the last Republican Congress en-
tailed upon the country, as fright.
ful us the figure, are to the people,
appears not to he the only bad side
to the financial condition of the
treasury. Not only has the IIarri
son administration made way in
two years with all the surplus that
WAS in the treasury and run the
country more in debt, bat the pain
iul fact now leaks out that there is
Il very serious falling of in the Gus
tom house receipts every month.
1T Is stated bY the treasury depart.
mcnt that Tor the first twenty days
III April the receipts at the port of
New York were only SL771,O71,
whereas for the corresponding pc
riod of last year they were S9,57G,.
0G2, showing falling Off of nearly
80 per cent.
But let us take the month of
March. 1891, and compare it with
March, 1890, as TO the receipts and
expenditures of the government.
In March, lSJ0,-tllat is a year ago
the receipts Of revenue were
*34 1850, and the expenditures
$1,000, al, showing an excess of
receipts over expenditures of $40,
23S,039, whereas the receipts for
March, 1891, fell to S29,O27, 455
while the expenditures rose to the
enormous sum of S29,072, 737-or
an excess of expenditures over rev
enue Of $50, PSI.
OF course no government in the
world can keep long afloat as such
rate as this without completely
OankruptinS both the national
treasury and the people Suppose
the receipts and expenditures con
tinue through the year as in the
months OF March and April, it is
easy to see what will be the finan-
cial condition Of the country Il wear
hence. Nor is there any reason to
suppose that there will be any i'm
provcment in the condition of
things. Secretary Foster admitted
the other day that he only has
Sl2, 100000 of surplus i'm the treas.
nry to meet his quarterly payment
o! SD, 100000 pension account, and
Of course nothing to meet the other
excessive drains upon the treasury.
Maniiestly the Secretary is begin
ming to have his eyes opened to the
emergency, and is anxionsly look
ing around to see where his re.
sources are TO come from with a
falling off nearly fifty per cent. of
his revenues.
But what is the prime cause of
this tremendous falling of in the
custom house receipts of the gov
ernment? Why, the Mckinley tar
if law OF course. 1t has placed
duties so high Oh nearly everything
consumed by the people that i'm
portation has necessarily fallen off,
for neither the importer nor the
consumer can bear the excessive
burden of increased taxation. An.
other years experience under the
Mckinley law will most probably
bring both the government and the
people to understand how odious
lsa law that seriously depreciates
revenue and Overburdens the labor
and industry of the country
Lynchburg News.
PRONOUNCED HOI ELESS, YET
SAVED.
From letter written by Mrs. Ads
e. Hurd, of Crotch, $. D., we quote
WAS taken with bad cold which
settled on my lungs, cough set in and
finally terminated in consumption
Four doctors gave me up saying