The state chronicle. [volume] (Raleigh, N.C.) 1891-1893, 1892-03-17
reported back

United States district judge for the
northern district OF Texas, with re-
commendation that the resolution
he upon the table. Adopted.
The House then went into com.
mlttee OF the whole on the free wool
bill (Mr. Blount in the chair.) Mr..
Sayers, of Texas, was the first
speaker. He made statement re.
garding the expenditures of the gov
ernment and said:
'Not including the sinking fund
annually provided for the public
debt, and the expenditures for
the purchase O bonds, except
for premium for such purchases, the
following are the total expenditures
OF the government during the fiscal
years ended June 30th, 1883, 1884,
1887, 1888, 1890. and 1891, the
years 1888 and 1884 being during
Arthur's administration, the years
1887 and 1888 during Cleveland's
administration, and the years 1890
and 1891 being the present admin
istration: (The years 1885 and
1889 do not appear because each of
them constitute part of two ad-
ministrations; nor does the
year 1886 appear, for the
reason that there were less expendi-
lures in that year than during
either of the other years, 1887 and
1888. Expenditures for 1888,
$31O,916,S3O; 1884, $237,452,2O3;
1887, s316,769.7S9; 1888, $780,
6l9,977; 1890, $37S,922 sos;
1891, $431,705,69l. Excess
of 1887 and 1888 1.-TWO years
OF CleveIand's ADMINISTRATION over
1888 and 1884 (two years of Ar
thurs administrator $39,O2O,733;
excess of 1890 and 1891, 1.-TWO years
Of present administrator over
1887 and 1888, $l73,238,732
Pension expenditures during 1888
and 1884 were $l2l l,44l sol; dur.
ing 1887 and 1888, $155,3l7,6lO
and during 1890 and 1891, 1881,
, 352,S ,SO6.
f "Postal expenditures during 1873;
: and 1884 were $92,345 056; 1885,
( and 1888. 81 ). ~ PA; and i,
D 1890 and 1897 ) a, o9,oo7.
<'Deducting from the total ex
penditures as given for the year
: above stated the expenditures TO
> the increase of the navy, for taking
s the census (and u number of othe
J. items which were enumerated) an,
e all other unusual and extraordinar,
$ expenditures, as given in the an
II nual statement Of the chic
r of the warrant division Q
e the Treasury department, tn
;. balances of expenditures after thes
e deductions for the years named are
it 1888, $l31,68l,385; 1884, 1924
5 561.277; 1887, $121,674,321
e 1888, $l18,792.376; 1890, $l3l
e 66l,8l1; and 1891, $l49,695,33e
d "From this, it will be seen tha
l. the expenditures of 1888 and 1873
t. exceed those of 1887 and 1888 b
# $l5,775,959, and the expenditure
l, for 1890 and 1891 exceed those
+. 1887 and 1888 by $40,890,4 ,444.
y GAS to the retirement of the pu1
e lie debt, it ap ars that during til
a year 1891, 81. ,641,25o, princip.
y of the bonds due in l89'
le were purchased, for which prem
"a ium of $lO,33l,139 was paid. |
y addition thereto, during the san
le wear, interest to the extent OF 81
IN 53O.O5O was advanced before 1t W.
s. due to the holders of the Paclf
"a railroad bonds. These transaction
O. took place during the year lo9
although the administration hs
been advised that the revenu
ee we're constantly decreasing al
en- that a large amount of our bon
q won]a fall due in 1892. The co
" sequences of this bad policy are
II. he found in the fact that when t
On bords fell due, 1898, the a
va min;stration was compelled to a
he pea, to the holders of the
ID. bonds to continue them to the e
:; ton+ of S25. .364.5OO. If this b