Southwest-sentinel. [volume] (Silver City, N.M.) 1883-189?, 1892-09-06
tom REED ANSWERED
HIS RIDICULOUS CLAIMS PUNcTUReD
az HOLMAN AND SAVERS

Hard, Cold Facts showing That Reeds
Congress Compelled Appropriation ~
the Present one-Publio Debt Reduo-
ton BY Cleveland and Harrison.
When the 6rst session Of the Fifty
6rst congress ended The World predict
ed a deficiency in the treasury. The sec
~retaries Of the treasury under tho pres
ent administration have concealed tho
deficiency by counting among their
available assets uncurrent funds, the
bank note redemption fund and the gold
reserve and by holding up appropria-
dOns. This fact and its true meaning
have been exposed and explained BY
The World from time 10 time, and now
Representatives sayers, Dockery and
Holman, after an examination Of the
governments accounts for the past two
years, verify The Worlds predictions BY
showing that there Is a real deficiency Of
moro than 500, 100000.
Last year, because Of the oxtrava-
gance Of the billion dollar congress,
the secretary was unable 10 meet tho
requirements q the sinking fund, and
this year he will fail again to pay the
amount required by law to DO set aside
toward the satisfaction Of the public
debt.
Messrs. Holman. Dockery and Sayers
estimate that the deficiency viii be
10000, 900 besides the sinking fund. If
TO this sum there be added the amount
Of the sinking fund due Tor the current
fiscal year, S4S, 082, 900, the $50, 0O0, 600
or more represented by N%uncurrent
moneys and moneys owing to reserves
and required for appropriations, the
deficiency on June 90 next viii really DO
much more than $3.50, 900, 900.
The result has been accomplished by
extravaganza. During Mr.. Harrison's
administration Sos, COO, 900 less Of the
governments bonds have been retired
than were paid during Mr.. Cleveland's
administration. Besides this the actual
lack Of present funds compelled the adj
ministration to extend Cos, 1914, 500 Of the
AZ per cent. bonds, so that more than
so, 900, 900 must be added TO the de-
hciency, together with SS4, 600, 900 repre-
senting the. surplus in the treasury at
the end Of Cleveland's term, in order 10
Aualn u NlnoAuoAbA AAAACuAAfp Va tho ADA4
1--we cost Of Mr.. Harrison's and Mr..
Cleyeiand's administrations.
In fact, the appropriations for the four
years Of hIr. Harrison's administration
haye exceeded those for the four years
ohAlr. Cleveland's term by Sal 0l4, 204.
Ex-Speaker Reed excuses this profit
gacy by asserting that the Democrats
are as much responsible as the Repub-
hcans. Mr.. Sayers and Judge Holman
puncture this claim. The apparent ex-
cess Of appropriations for the first ses-
sion Of the Fifty-second congress over
those for the first session Of the Fifty
first is Sl3, 245, 1919 But of the sums
appropriated by this congress there was
made absolutely necessary by the legis-
lation Of the Fifty-frst congress the
enormous amount Of 7 9,527, 800. and Of
these $50, O59, s43 may DO charged prop
erly 20 Republican legislation.
Among them are the ocean subsidy
bounty, amounting toSS390, 200; cost Of
collecting sugar bounty. $3.50, 800; the
sugar bounty itself, 100000 0O, and
pension increase, SIS, 900, 900.
The Republican party cannot escape
responsibility for either the extrava-
gance Of the billion dollar congress, the
extravaganza which IL entailed upon
succeeding congresses by its permanent
legislation, or for the deficiency which
1t has created.-New York World.