The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1892-12-09


will attract special interest ia Wow OF the many
the state or pubic reFenE,s5 Three preIlEnluiry
facts should not only be stated but emphasized
before looking into detaL-s- FIRST that yhe
public debt has been rcducei since March lS'J-
s255, ,O54,2n, aud tne annual interest charge
81 ll,65iidJ. secon T. that there have been paid
out for pensions during This aamialstratl5R on
UP November J. ls1- s43s 55i, I5s a. an excess
OF Eti4. 56. .3Jj % over the cEpeld ed during
the period from March 1855 TO Marsh I. Iss95
and third. Ga st uular the eNistin- -rlI up 10
December about SJAnllOJJ Of revenue which
would have been solicited upon imported sugars
il the duty had been maintained, ts gone into
the pockets OF the pcop.c ana not into the plp-
lie ire =. bef5rs. II there any " no
stin thinS that the surplus should have been
hspt out OF ciFculatto1 hJ h2ar-tns u Ia tt.e
treasurr, Or dapositiug it ia banks with
out interests whIlo ths government con
tIuued 70 pa tho very banks interest
upon the bonds deposited as security for the
deposits. or who think that tine extended p-u-
sion legislation wa q plbIs robbery or that
the duty on sugar sAoul hAv1 been IA tintained,
am content TO leave fhs argument whore il
now rests, while VIC walt TO soe whether these
criticisms vii take the form OF Icg-slItioE
The revenues Of the fiscal year ending June
81, ls9z, from al sources, were s425 SIS @5 ~
ana tho expenditures for all purposes were
eila.9'As1h 10 3 leaving q blianfa OF st9i+ 4oo co
There was paid during thc vcar upon the pub
lie debt 90 a-g iGs gl The surplus ia the treasury
and the blulV ra,irf rfslpLiou fu1l. PASSED by the
nished ia large part, rho cash available a1i
used for the Dly1nents made uuon the public
ceipts from customs duties fsl on ett0i9- 2Ii.1s,
while our receipts from Internal revenue in
creased ss,esLs3Ai1 leaving ths nGt loss OF
revenue from th sc p-inctpal sources E33r7 81
4fI9l The net loss Of revenue from all soursCs
was So, ,575. .o5s.sl.
Tho revenues. estimated uud actual, for tho
year ending June 20 1898, are p.A-cl by the
secretary ut t4Gf. so, 81 a. md the CZQ.Eil-
turcs AZ 50 l. S3 s ssl 81, showing q surplus Of
receipts over cEpeniiJur's OF s2.5lj Gl The
cash balance in ths trcAsur. at IN cni of the
fiscal year, it is cstiHl lted wI b. p 9'-r ~ Oh
OF receI3-s and expenditures for 'h1 remliai1s
months Of tn. Curr.ut uscL gvar there are
not only the usual clements OF unrertalut5 bus
some added elements New f-Fenue !esl7i 1tlo-i'
or even th ezuec-atiol OF it, may seriously To-
duSe the pualic revenues dIrius the pc-i51 OF
uucCrt iuty and tu-lls the press OF business
adjustment 10 the new conditions when they
become known. But the secretary has very
y7iseI r-frlfucd from 1-e 8-Lls as 70 the egccs
the scope OF those changes aud tae d ne OF their
taking effect cannot ia any degree DC forecast
or foretold bE IN Iiis estimates mus be
based upon eNlst'ns laws IA up7n q S7-'slnl-
unce Of czisl-n5 blsilass c1u Iir,1us except 50
FAR as these conditions m ~ be aue-tei by
causes other fhl1 new legislation
The estimated receipts Tor the fiscal year
juno 20, is9S are ei9lri2i S'l5 81 aud tho estt-
mat d appropriations a4as =il. 50 SIS leaving uu
estimated surplus OF receipts ove- the cE-
ueudfrur q 81 o DO 0af This does not in
clude any Ill-ucut 70 tbe sinking fuu l. In lle
recommendation OF the -tarF tElt the sink
ing fund law hz repealed I concur Ih3 re-
dem1utou Of bonds since the passage OF the law
70 uIll- %. lah - s-Atea4aH eAel--'A-- +--s
quireueuts b. the su-n OF E33I.aI3 Gsl-4l Tue
ret rs.ueut OF bonds IA ths future before mn
turltF should bo a mater Cf convenience not OF
sznp ilaion We sao.i-u u1t collect r=s-Eiu9 Llr
that purpose. bat oul- use any clslll surplus
To me bslauce of 80 ,sllgsLu5 OF receipts over
expenditures for the year 1891 should be aided
Ice estimated surplus ct rho beEia
ming Of the year, 920,3l- s5l o1 Hud from this
aFsrcsata there must 5c dsJu-ted. as stated % -
tie sseretsr about s4t 0tI,l0l Of estuna ted uu-
c7zueu. ted au1roprIIti5ls-
The psh-fe 1nhleu -e IA thF purpose aud lhi-
tty cI she government 70 Ia til--iu tle parity ul
aii our money Issues, whether coin or paper
must remain uu~llliz Il The sselua1l Tor GOLD
in Europe u2d the consequent calls upon Us
are IN o. CO.'S s5crable degree tac result OF tLr
/ Efforts OF soa1e OF the Eur1fa1u ECveruza-1fs
20 increase tae5r & I'D reserves a-1 these cl-
forts should be met lF TrCI ilFiois rt5ou u-l
part ne coaliti1uf tart have crcl-zd tni-
drafn % tlac treasury sol4 er-.i il au imporla1
d gree HolfIisal alI NOT cuuznercial- II v-cr
cf he fLec th4E Eeuerl Ferasiul- OF oar F1F
eUua laws Ia tnr Gear fut1ra saelas 90 @,
Ur1paess e sqUIa Ds p3ti2y if2+ cay ea4zze=