The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1892-11-26

The Republicans have bankrupted
the Treasury Of the Emitted States
They admit 1t. With cynical
"wlIat-are you going to DO aboqt-it"
swsgeer thes unload on the country
the interesting information that the
Treasury hasn't the money with
which to meet its obligations, and
that the exact size of the deficit
that the Democrats will have to
provide for is between $4,000 600
and $S5,0O0,o00 The story is told
from inside Republican sources in
the following Washington special to
the Globe Democrat:
There is a growing impression
here that an extra session OF the
next Congress will be called shortly
after the Inauguration of President
elect Cleveland. Either the present
Congress must provide Increased
revenues for the expenses of the
Government. which is altogether
unlikely, ortlse the Treasury will be
obliged to default on account of pub
lie works now authorized by law,
such as new ships, Notifications,
coast defences and river and harbor
improvements, in order to. provide
for the payment of pensions, and
this latter alternative seems as un-
promising as the first.
The total appropriations author
lied by the late session of Congress
for the fiscal year ending June 80
next, together with the permanent
appropriations amount to $507, $780,
1871, while the revenues are com
puted at only $455,a36,35O,44, thus
foreshadowing a deficit of $4,000
900.
But in addition to this there is
every probability that there will be
a big deficiency on account of pen
sions. Fifty4two million and forty
nine thousand dollars haze been
spent for pensions during the first
four months of the present fiscal
year, since July l, an increase of SIS,
DOC, 900, over the corresponding four
months of 1890.
Allowing that the rate Of expcndi
lures should remain the same, the
total excess of pension expenditures
this year over those of last would
be $48, 900, so that the prospect
i've pension deficiency cannot well
fall below $36, 100000.
Mr.. Cleveland will be confronted
with budget Of outstanding fixed
liabilities amounting to $75, 900, 900 or
$85, 100000.
If Harrison's Secretary of the
Treasury, CHARLES Foster OF Ohio,
had been honest enough to make
this confession ten days before the
Presidential election, it 10 likely that
Mr.. Harrison would have run Wea-
yer a close race for the third place
in voting.
Foster has juggled the Treasury
book keeping and resorted to every
other possible device to conceal the
fact that under the Republican poll
cy Of extravagance, subsidy and
monopoly the revenues Of the Gov
ernment were being paid out faster
than they came in.
| I'M
The statement, repeatedly made
by Democrats, that deficit was
inevitable vas secuted as malicious
aud sensational partisanship. When
there is nothing more to be gained
by deceivng the voters, and when
eoncealment is no longer possible,
Mr. Foster ungracefully comes down
with the above confession.
This situation is the result Of The
Republican conspiracy to shape The
finances of the United States for the
benefit mainly of the protected man
uiacturers and few other favored
monopolists.
In order to pile the burden OF
protective taxes higher they cut off
some $50,000,000 year that came
from the revenue tariff on raw SUI
gar, and then undertook to pay out
some $12, 100000 year in hounties to
American sugar-growers. There il
q net loss to the Treasury OF some
$62, 100000 year for the benefit of
manufacturers in Mr. Blane's Gin
dustrial States"
The costly work on Notifications
and coast defenses authorized by
the Reed Congress is as little use-
fal to the country at large as it is
profitable to the Republican favorites
who have the contracts for doing it.
Moreover, the corrupt pension
ring that has been in close partner
ship with the Harrison administra-
ton ever since Corporal Tanner was
forced out to make roem for Raum
has robbed the Treasury of thou
sands of dollars where it has helped
deserving veterans to hundreds.
The republican party pawned the
Presidency to jobbers and corrup-
tionists four years ago, and it has
been paying interest on the pledge
with the peoples money ever since
That is why the Treasury is empty,
with the obligations coming due tor
nearly s100,O00,0O0 more than it
can meet.
The rascals are not turned out a
day too soon. Ii left alone for four
years more they would have had
mortgage upon the Goddess of Lib
erty atop Of the dome Of the Cap
itol. Republic.
Mr.. Cleveland's First Veto,
According to the New York Sun,
Mr. Cleveland does not hesitate to
use strong English when the occasion
seems to justify it. AT the famous
little dinner at the Victoria Hotel
early in the campaign, at which the
New York democratic leaders as
sembled to confer with Mr.. Cleve-
land, Lieutenant Governor Sheehan
it is said, undertook to instruct the