The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-10-05

money necessary LOT circulation III
the United States is lying idle in
the federal treasury, and most of
the remainder is withheld from cir
culation by the banks. In the
great money centers depositors have
been arbitrarily denied the right by
these banks to withdraw their
money except after sixty days
notice; and the enormous federal
taxes, without cessation, are being
daily collected. AS a result from
these combined causes the bountiful
harvest of the Texas citizens mus,
remain stored, or be- bartered ana
sold at a ruinous sacrifice. Though
the tax rate IF fifteen cents on each
one hundred dollars valuation of
properly, levied to maintain the
state government, is very low-less
than it has been for any consider
able time since the war-the people,
with plouiy 20 sell, are unable to
raise the money at this time, with.
out much distress, with which to
pay their taxes. With patriotic
pride they are unseldshly doing the
best they can by the government,
bat are unable to stand coercion at
this crisis.
J II he first revenues collected are
, being paid, under the law, on drafts
already drawn in favor of assessors,
: amounting to about $3.50, 600,
which, added to the other causes,
has 80 reduced remittances that cash
in the treasury is running low. Up
l to date all obligations Of the state
have been promptly paid on de-
Q mand. 1t is desirable by every self
4 respecting citizen that no default
4 shall ever be made by their state
s government, but as there is a
7 probability that collections will con
tinue slow for the next thirty OF
f sixty days, small deficiency may
e be the result unless you and other
-, Ulcers entitled to fees and salaries
f will wait for your warrants short
J. while, say forty or sixty days, II
. this can be done, the state will have
r money sufficient 10 meet all her obi
). cations, and be spared the necessary
S humiliation of increasing the EN-
e ban assments of the unfortunate tax
y payer at this time.
j. "Having confidence in you
II patriotism and friendship to thu
l. government and people, who are il
e no way censurable for existing con
l. ditions, | await your action will
Vt solicitude and expected gratitica
n tior."
d Mark you, this letter was address
ID ed to the heads Of departments AM
% other officials and to the distric
t. and higher judges, the district al
re torneys, sherltfs, district clerks an
e state collectors-all entitled to sal
7, aries or fees for services from In
& state. Creditors, cleik ks and lal Oh
re ers have nothing to do with it. Tn
4, officers were asked TO contribul
81 nothing, nor to make any great sae
is riice. From all directions ar
to proud to ray, a hearty, patriotic re
le Sponse has reached me from Ties
'e officials, saying they will cheerful
81 comply with the request. If the
ne do, then no deficiency or suspens. o
lie of payments will occur at the stat
s, treasury. Have you not often hear
t. Of the "great surplus" the in
T. mense "cash balance" in the trea,
ir ~? No doubt you have. Ho,
at has this occurred? Don't you know
n Well, | will tell you: A Surplus
ao or "cash balance" simply mean
sc that the government has collects
he and holds in the treasury NOR
he money from the people than is nee
ay essary to pay its expenses. L
he "tide over" the hard months at tn
ne beginning of tax collections, tn
ne state in the past has been compelle
to to levy heavier tax rate tLa
he was absolutely necessary TO mantai
IS, the government. In this wa
's- this surplus" or "cash balance
OF in the treasury has been collected
ts 1t is impossible, under our eyster
n, of government to collect revenue
to in suitable quantities MONTH
a through the year 80 as to meet tn
m current expenses as they accrue
i'll Suppose now that my ADMINISTERS
.e. ton had collected twenty centa n