The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1892-08-19
TOM REED ANSWERED
HIS RIDICULOUS CLAIMS PUNCTURsD
BY HOLMAN AND SAVERS.

Hard, Cold Facts Showing That Reeds
Congress Compelled Appropriations by
the Present One--Public Debt Reduc-
tion by Cleveland and Harrison.
When the first session of the Fifty
first congress ended The World predict
ed deficiency in the treasury. The Sec
retaries of the treasury under the pres
ent administration have concealed the
deficiency by counting among their
available assets uncurrent funds, the
bank note redemption fund and the gold
reserve and by holding up appropria-
tions. This fact and its true meaning
have been exposed and explained by
The World from time to 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 real deficiency of
more than 100000
Last year, because of the extrava-
gance of the billion dollar congress.
the secretary was unable TO meet the
requirements of the sinking fund, and
this year he will fail again to pay the
amount required by law to be Get asid,
toward the satisfaction of the public
debt
Messrs. Holman, Dockery and Sayers
estimate that the deficiency will be
$5O,O00,00 besides the sinking fund. If
to this sum there be added the amount
Of the sinking fund due for the current
fiscal year, S4S,632, 900. the 100000, 900
or more represented by uncurrent
moneys and moneys owing to reserves
and required for appropriations, the
deficiency on June 80 next will really be
much more than $3.50, 100000.
The result has been accomplished by
extravaganza. During Mr.. Harrison's
administration $65,OO0,OOO 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 ad-
ministration to extend $25, 1854 800 of the
~ per cent. bonds, so that more than
S9O,OOO,0O0 must be added to the de-
ficiency, together with $S4, 900, 900 repre-
senting the surplus in the treasury at
the end Of Cleveland's term, in order to
reach conclusion indicative of the rela-
tive cost of Mr.. Harrison's and Mr..
Cleveland's administrations.
In fact, the appropriations for the four
years Of Mr.. Harrison's administration
have exceeded those for the four years
OF Mr.. Clevelands term by SAL, ,944, ,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 |
hrst is $18, ,245, 1912. 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 $40, ,6O2, and of |
these 800, ,052, ,S48 may be charged prop.
erly to Republican legislation.
Among them are the ocean subsidy |
bounty, amounting to $500, ,290; cost of |
collecting sugar bounty, $3.50, 800; the |
sugar bounty itself, $4,000, 900, and
pension increase, $4S, ,00O, 900.
The Republican party cannot escape
for either the extrava-
gance Of the billion dollar congress, the
extravagance which it entailed upon
mcceeding congresses by its permanent
or for the deficiency which
It has created.-New York World.