The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1892-09-03

When the first session of the Fifty
first Congress ended deficiency in
the Treasury was predicted. The
Secretaries of the Treasury under the
present Administrative have conceal
ed the deficiency by counting among
their available assets uncurrent
funds, and the bank note redemption
fund and the gold reserve and by
holding up appropriations. This fact
and its true meaning have been ex-
posed and explained by the World
from time to time, and now Represen-
tatives Sayre, Dockery and Holman,
after an examination of the Govern
ment's accounts for the past two
years, verify the Worlds predictions
by showing that there is a real def
cheney of more than $100000,00O.
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 set
aside towards the satisfaction of the
public debt.
Messrs. Holman, Dockery and
Sayre estimate that the deficiency
will be $50, 100000 besides the sink
ing fund. If to this sum there be
added the amount of the sinking fund
due for the current fiscal year, $4S,-
$4,000, the $30000,000 or more rep
resented by uncurrent moneys and
moneys owing to reserves and requir-
ed for appropriations, the deficiency
on the Both of next June will really
be much more than $130,000,000.
This result has been accomplished
by extravaganza. During Mr.. Har-
rison's Administration $65,00O,000
less of the Governments bonds have
been retired than were paid during
Mr.. Cleveland's Administration Be
sides this the actual lack of present
funds compelled the Administration
to extend $25, 500 of the Al per
cent. bonds, so that more than $780,
100000 must be added to the def
cheney, together with $S4, 900, 900 rep
resenting the surplus in the Treas
ury at the end of Cleveland's term,
in order to reach a conclusion indie
alive of the relative cost of Mr..
Harrison's and Mr.. Cleveland's Adj
ministrations.
In fact, the appropriations for the
four years of Mr.. Harrison's Admin
istration have exceeded those for the
four years of Mr.. Cleveland's term
by $441 ,944, 204.
Elk Speaker Reed excuses this prof
legacy by asserting that the Demo
Gratis are as much responsible as the
Republicans. Mr. Sayre and Judge
Holman puncture this claim. The APP
parent excess of appropriations for
the first session of the Fifty second
Congress over those for the first ses-
sion OF the Fifty first is $13, 245,13I
81. But of the sums appropriated
by this Congress there was made alb
solutely necessary by the legislation
of the Fifty-first Congress the enor-
nous amount of $40, 527, 602, and of
these $6o,o52,s43 may be charged
properly to Republican legislation.
Among them are the ocean sub
sidy bounty, amounting to $500, 29O,
cost Of collecting sugar bounty, $780,
800; the sugar bounty itself, $780,
100000, and pension increase, $4S,-
100000.
The Republican party cannot es-
cape responsibility for either the ex-
travagance of the Billion Dollar Con-
gress, the extravaganza which it en-
tailed upon succeeding Congresses
| by its permanent LEGISLATION. or for
the deficiency which it has created.
N. Y. Wold.