Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-11-16
coNoiTloN OF THE TREASURY.
Jesuit II Four Years Of Republican Reck-

Inc man who stole . sawmin and
tcen went back after the dam has al.
ways been regarded heretofore as hay-
ang achieved one of the subliments
nlRnts OF impudence. But in the light
OF what the republican organs are
oo'nR to-day in condemning the dem.
ocratc administration for possible
usncit In the treasury the impudence
OF the sawmin thief becomes tame and
commonplace. He might have stood
some snow OF comparison if when he
came back for the dam he had abused
the owner Tor not having had it fastened
% the mill. so that he could have stolen
both together.
II there should be a deficit in the
United States treasury for the current
year it will be distinctly and plainly of
republican creation The emptiness of
the treasury is directly due to the re-
publican administration of affairs under
PRESIDENT Harrison. When Harrison
was inaugurated there was a surplus
anthe treasury of about 500, 600, 900 and
the surplus revenue of the government
was about the same amount There
was reserve in the treasury of gold to
the amount of e100. 0O0, 900 and gold in
excess to the amount of sos, OO0, 0oO
when President Cleveland was inaugu-
rated in March last the surplus had dis
appeared and Of the eos, 0OO, 900 excess
OF gold only 81. 0o0, 600 was left. 1t
was struggle during the last three
months of Harrison's administration
1or the secretary of the treasury to
Keep his head above water This was
patent fact, though the most extraor-
binary exertions We're made to keep it
secret and enable the administration to
nnlsh Its term without actual confess
sion OF bankruptcy.
This condition of things was the di-
rect result of republican extravaganza
ana recklessness- During the first
half Of the four-year period referred to
the republican party had entire and
absolute control of the government.
During the last two years it had con-
troll of the presidency and the senate
and was able to exercise full control
over all legislation. And while the ap-
preparations of the democratic con-
gress in the last half of Harrison's adj
mlnlstration were inexcusably large,
the republican party can no more es-
cape responsibility for them than it
can for the work of its own billion-dol-
lar congress
There is abundant publican au-
thority on this point. Only few days
since the Pittsburgh Dispatch, one of
the leading republican papers of the
country, referring to the footing of the
treasury as the Legitimate result of
-FOUR years violation of every principle
OF treasury management by which the
credit OF the country was built up and
Its finances made prosperous" went on
to say: Five years ago the policy of
twenty years reached its extreme in
the Inconvenience of too much money
In the treasury. The treasury had a
double surplus. That of cash in the
treasury was nearly 500, 600, GOO, and
that of revenue over expenditures
nearly as much more. There has rare
~ been a more monumental exhibition
OF political incapacity and fiscal ig-
norance than is comprised il the fact
that four years reversal of the tradi-
tions of the treasury have dissipated
its surplus; have brought us to point
where outgO exceeds income at the rate
OF 500. 600. 600 annually, and confronts
ms with the necessity of increasing the
debt which it has been the declared
RATROSO VI I'll 10
duce. ALI this in a period of profound
peace, with not an excuse for the dissi-
patton of the public funds, except what
81 found in the wanton extravaganza of
osr Politicians"
The mere emptying of the treasury,
however, would not create a deficit
such as is threatened if the revenue
producing machinery of the govern
ment were equal to the demands upon
it Unfortunately it is not; and here
again the republican party is directly
and wholly responsible. The devices
by which revenue is raised for the ex-
penses of the government are wholly
of republican creation; and foremost
among them is the much-lauded Nc
Kinley act If one were TO judge from
the glib utterances of the republican
leaders and organs one would suppose
that the democratic administration had
during the six months it has been in
power devised some new methods of
raising revenue, and that it is the fail
ure of these which threatens a deficit
But the fact is that we are still living, |
10 far as revenue raising IS concerned,
under the republican dispensation. |
The democratic administration has not |
vet had time to make any change in |
that regard; and one of the remarkable |
features of the situation is that while |
the republican critics of the admins |
tration are proclaiming the failure of |
existing legislation to provide revenue |
for the country's needs they are de- |
Glazing in the same breath that moth |
ing must be done to change that legis- |
lation. At one moment they jeer the |
because it cannot raise |
sufficient revenue in spite of the Nc
Kinley act, and the extravagant pen
zion appropriations; and at the next |
they are shouting "hands off," and de-
elaring that the Mckinley act must
not be touched, and that not only the
nension laws but the corrupt pension
rulings must be left intact
It is worthy of note that the repub-
lean critics of the administration offer
NO suggestion for the prevention of a
aef;c;t Their criticism is always de-
.4ructire and never constructive. This
;s of NO consequence, however. The
deficit which is threatened will be pro-
v;ded for in legitimate fashion by in
easing the revenues or decreasing the
and probably by both.
a nd the doing of this will overturn a
nod deal of iniQuitous republican leg
:, !. t;on- including the Mckinley acS-
Detroit Free Press
A POLICY DEVELOPED.
.. Important Resalf. Of tho Congress