Los Angeles herald., 1891-06-05

ly drifting towards bankrupt treasury.
We quote from the Congressional
Record:
Sayers-Since 1866 our revenues have
been each recurring year greater than
our expenditures; but / sincerely be-
lieve that when the fiscal year of 1891,
that is, the present fiscal year, shall
have terminated, it will be found that
the annual receipts are no longer able to
meet the annual Indebtedness.
Our Republican friends are sensible of
this condition of things, and they will
prevent this result if it be possible. l
apprehend that if the Democrats win
the house of the next congress
Several members on the Democratic
side: As they will.
Mr.. Sayers-The majority will not APP
propriate sufficiently at the next session,
three mouths hence, to defray all the
expenses of the government during the
present fiscal year, but they will leave
the performance of that duty to their
successors in the fifty-second congress.
Mr.. Williams of Illinois-Then they
will unload them.
Mr.. Sayers-Under the contingency
which have suggested believe they
will do so.
Suppose, Mr.. Speaker, that it should
happen that / am correct and that the
current revenues will not suffice to meet
the current expenditures. what will the
administration then do? Will not the
effort be made to repeal, the law which
sets apart $100,000,0 900 in gold for the
redemption of the treasury notes, so as
to use it for other purposes? There is
bill already pending in the house look
ing to that end. 1t seems that our Re-
publican friends are getting ready for
the coming storm. They will also re-
fuse to set aside sufficient sum, annu
ally. for the sinking fund.
Mr.. McMillin-And thereby perpetu-
ate the public debt.
Mr.. Dockery-The gentleman from
Illinois (Mr. Cannon), who has just
spoken, suggested that very policy.
Mr.. Sayers-I firmly believe, Mr..
Speaker, that the effort will be made to
refund the public debt. All things
point in that direction. The millions of
capital in Wall street desire it-corpor-
ate wealth in every form desires it. The
people-they who toll in the fields, in
the shops, on land and ON sea-they do
not desire it, and they ought to be heard
and their wishes ought to prevail. L
ask my friend from Kansas (Mr. kel-
ley>, who see is giving me his atten-
tion, what he thinks the farmers of his
state will say to such proposition?
Mr.. Kelley-I will simply say that, if
all these predictions of the gentleman
are dependent upon the contingency of
the Democratic party having majority
in this house in the next congress, there
will not be any trouble about the mat
ter either in Kansas or anywhere else.
Mr.. Sayers-Then, l will say that if
the majority in this house is not changed
at the coming elections the people will
be in pitiable condition indeed. APP
plause on the Democratic side.] For
should you gentlemen continue in
the control of this house, holding, as
you will, the entire framework of the
government in your hands, there will be
left but little to the people of liberty
and property by the time your admins
tration will have expired. acknowl-
edge that there will be music and feast
ing and mirth in the mansions of those
who have grown rich and powerful
under the management of the fiscal
affairs of the government, but in the
homes of those who earn their bread in
the sweat of the face there will be no
gladness whatever. Applause on the
Democratic side.
Well, the storm came last fall, and
where stands Kansas? and where, oh,
where, are the Kelleys? Swept to the
four winds as if struck by one of the
cyclones that so often visit the state
they have SO shamefully misrepre-