The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-03-10
sEArThA. sArUsDAE. MARCH 10


The Democratic congressional campaign
committee 10 circulating speeches by Mr..
German and Voorhees, endeavoring TO
show that the present embarrassed condi-
ton of the treasury il due wholly to Re-
publican legislation. Senator John Sher-
man, OF Ohio, has eyerhesita.ei to say:
"Had ii no. been for the threat of the
Democratic party In its platform to dis
furb the revenue laws and the success OF
that party on that platform. the Mcktn-
Les act would have furnished ample means
TO support the goyernment"
Senator Hawley. of Connecticut, said:
"W,.hin one hour after the people knew
that Grover Cleveland was elected ships
took la sail. importations were stopped or
decreased, the plans for new factories were
pigeonholed and employers began TO re-
duce the number of their employees"
Democratic Senator VOORHEES, in his
speech declared that when President
Cleveland went out Of office on March 4,
1850. there was balance Of 100000 in
tho treasury, and that when he came back
into Office In 1893 the treasury was empty.
Me- German made the same statement.
and even declared that the 500 600. 900
gold reserve was encroached upon by the
Harrison administration. Some ten days
ago Senator Allison. of Iowa. referring to
this false statement. said:
"Herc il the public debt statement for
March 1. 1898, three days before the i'm
auguration of President Cleveland, and it
shows tho $l00, 900, 900 gold reserve intact.
Instead of q bankrupt and empty treasury
bar uo eli nf
above the gold reserve. There was also an
ample supply of working balances for ali
tho departments. including $23.JO0,OU0 OF
balances in tho hands of d,sbursing officers.
Here also il the statement Of the treas
ury department. for the corresponding date
In 1850. The net cash balance at that time
was $is, 000, 600, which, however, did not
include the fractional silver coin. This
shows that Mr.. Voorhees, statement that
there was SIS, 000p0 in the treasury " hen
Mr.. Cleveland went out In 1889 Is not cor
rect, and neither was the statement that
the treasury was bankrupt when Mr.. Har-
rison went out any nearer correct.
1T is said that the Republicans appro-
priatcd 81, 900, 0o0. ou0 when they had COM
irol of both branches of congress. Bnt in
the very next congress. when the Demo-
crats had control OF the house, they i'm
creased the appropriations variously
stated at from $l5,U000D0 TO SO. 0on. 600
over tho aggregate made by the preceding
congress. Under the Harrison admiuis-
tration $3.50 90, coo was expended In reduc-
ing the public debt by the purchase of
bonds, and the people were saved SIS, 0o0,-
90 In interest by that expenditure"
The excessive revenue disappeared. as il
was intended TO disappear, with the pas
sage of the Mckinley act. reducing both
customs and internal duties, and the sur
plus on hand when the reduction was
made was used to redeem and cancel the
public debt. Presidents Harrison's admin
istration reduced the interest-bearing debt
$50. .ot0 The income of the govern
ment from customs duties for the year
ending January 10. ls9e. the frst fiscal
year the Mckinley law was in full effect,
was So, 600 200 less than for the year end.
ing January 80. iS9n. the last year when
the snrpius.ma king tariff was in full opera.
ton. For the same years the internal
taxes were reduced siI. eoo,oco This IL
where tho surplus and the excessive reye-
nuc went: this Is bow IL was squandered
via by reduced taxes and debt payment
Senators German and VOORHEES, know
this perfectly well, they know that there
Was no deficit under Republican admin.
tsiratiou; they know that the election oi
Cleveland and the impending assault
upon the Mckinley protective tariff have
caused imports 80 fail off. They are being
held back until the Wilson tariff bsll be
will 10 Hooded with cheap foreign goods
to the ruin OF onr manufacturers aud ths
pauperiEatioa O; their employees. Thl,
falling OFT in imports has reduced th.
revenue OF the government until there 4,
monthly deficit, caused not by Repgb
liean iesisistvn, hat by thu paralysis o.
business due 30 the impending revolution
AIRY reform ia the tariff and its assault
upon American Industries The Demo
Gratis stismatEei the Fiay-arss eongres,
''ths hiiAon-doslar congress" but shey
dropped that term 81 reproaeh when ths
appropriations in she last congress PASSED
the hi!lioa-Gosisr mark. The Surplus /,
the cash in ;hs treasury IN excess of ia
liabilities. ine!adlns TIE obligation &c
maintain SO. eo.ooo sold reserve. Thai
surplus On March !. 1859. thres dav, hs
fore Mr.. Harrison became president. VA,
s<s 0sss, iaS On Ialy following IL had
increased 20 81. ~ o. This sum and
much merc-vts: s1SsAsi6. a3l-wMs an
pied by the HARRISON ADMINISTRATION
to the payment Of the national debt
Tho Mckinley law added largely 70 sh,
free list. making sagsr free for tas ars:
time saa reducing the eastaas rexenu,
between $50 eco.oo saG SAGA 80 on tai
item alone. This reduction s!ih increasst
appropriations for pensions Asd the nes
navy brought the receipts ana srpendi
lures of the government nearly 10
parity. There wss mo dehsts wAsa Mr.
Harrison retired fron fh~ White House
On she contrary, there wss small sar
pgas. and the sieo. 80, ooa gold reserve a,
intact
The embarrassment Of she treasury
wAich has forced Secretary Carlssls :,
usrsa upon Tie sod reserve aas eel