Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1893-02-08
ONE POINT AGREED.
Dingley and Dockery Both Fig
ure Out a Deficit.
COMMENTS ON NATIONAL FINANCES


sans-Chandler Gives a Senate Debate
Political Twist, and Wolcott Is Grieved
Reflections on Car Couplers-Czar
FavoreSi in an Extradition Treaty-Ha-
waiianS Annexation Goes SlowIy-Sher-
man Act Repeal To BE Fought Out On
the House Floor.
WASHINGTON, Feb. S-There was de
bate in the house yesterday on the everlast-
Ing and ever-interesting subject of appro-
priations and revenues, in which Dingley
and Dockery took part. Dockery said that
the appropriations made at this session
would aggregate S531, 100000 As there
were s507, ,000,0 900 at the last session the
total appropriations made by this congress
would reach s., OBS, 900 900. against sa8S. .OOO,-
900 made by the Fifty-frst congress-an
increase of $50 GOO, 600. The actual current
eXpen ditures paid by taxation for the fiscal
years 1891 and 1872. covered by the last
congress, were S1UO,00 900 The actual
expenditures for 1893 and 1894 covered by
the present congress would probably reach
st least $50, 100000
Figures Out n Deficit.
The revenues for the present fiscal year
would reach at least SSS6, coo, 600, probably
from g. 100000 70 81 ,00J, 900 more; and the
expenditures S3S4, 900, 900. If there should
be no tariff legislation to disturb, the reve-
enue for the fiscal year 1894 would un-
doubtedly reach S401,0O0, 600. and the ex-
pen0itures should not exceed $500 700, GOO,
and would not if the riveI and harbor ex
penditures should not exceed Sl5.c0O,000.
which was - ,0O0, 900 more than was ever
expended. Ii they should go up to $50,
00O,000 as contemplated by the action of
the house there would inevitably be de-
fciency next year, even with a revenue of
A05, 100000.
Effect OF Tariff Legislation.
The tariff legislation foreshadowed would
| undoubtedly diminish the revenue. unless
the duties should be made low enough to
enormously swell importations The
| woolen bill passed by the house at tbs last
session would surrender 50, 500, 600 revenue
Oh wool and s19, $780, coo on manufactures
Of wool, on the basis of the importations of
the last calendar year;and it would require
an enormous increase of importations Of
woolen goods to make good the loss
Dockery Criticises Foster.
In response to Dngley Dockery criticised
| the report OF the secretary of the treasury
| relative TO the condition of the treasury.
| The income OF the government from March
| l, 1883, to March |, 1913. would he about
sl5S, SIS $50 in excess of the income of the
| preceding four years, while the expendi-
lures for the same period would be about
1901, 5000 greater than they were under
President Cleveland. The probable appro-
| priations for the present. session of congress
might be fairly stated to be S5Sl, 226, ~
Expenditures for Pensions.
The estimated deficiency on account OF
the pensions Gncluded in this estimate
would probably be found inadequate &c
meet the demands of the pension bureau
the expenditures for the first half of this
fiscal year having been $50, AZ, 900, which
| would indicate a total expenditure for the
fiscal year of about sl65, ,0o0, 900, or abou,
100000 more than was estimated by the
secretary of the treasury. He Dockery
estimated probable deficiency June 20
1894 of SIC. .g96 500 The estimated de
hciency was based on appropriations aud
revenues; but the actual expenditures fol
that fiscal year We're likely to reach tn,
limit of liabilities-that was to say, S52S
i 1l0,246.
Expenses Must BE Reduced.
This was entirely exclusive of the s., 900 :
600 probable inadequacy of the deficiency
estimate which had been submitted for the
current fiscal year. Indeed this estimat,
/. was much more likely to be within tn,
limits Of actual expenditures than in excess
of the expenditures, taking the statement
made by the secretary. The conclusion wa
irresistible that public expenditures mus
he materially reduced, taxation increased
or a new issue of bonds made to meet i'm
. pending liabilities.