The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1894-02-17

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shift to democratic shoulders the re-
sponsibility for the depressed fnan-
cial condition of the country and the
empty treasury received the severest
rebuke Thursday in the Senate. The
chastlsement was laid on without
mercy by Senator German who prov
ed so clearly that even the wayfar-
ing man could understand it that
the republican party is directly re-
sponsible for the unsettled financial
condition and for emptying treas
ury which they found plethoric 1t
was said to have been Senator Cor
mans best speech for long time.
In part it was as follows:
ut is true or it is not true that
the Mckinley law and other laws,
when this Congress began, produced
revenue enough to support the gov
eminent with its expenditures. l
maintain that the democratic party
when it came into power on March
last came in to bear the burdens
which the republicans had put upon
the government. By their revenue
laws and by their expenditures they
bankrupted the treasury before the
democratic party took possession.
nfA he hn hal Lar
in the treasury prior to the demo
cratic rule were not sufficient TO meet
the demands upon it. But for the
election going against the republi-
cans in 1892 they would have been
compelled to ask loan or an in
crease of taxes. The Senator from
Ohio { Mr.. Sherman knows as well
as | know that when the election
went adverse to his party the then
republican Secretary of the Treasury
came out frankly-and it is no Sc
cret-and said to members on both
side of this chamber, the revenue
laws of the United States have not
produced money enough to meet the
expenditures; you must come to MY
relief-you must come to the relief
of the treasury. Now that the dem
ocratic party has won / ask you to
join me-
"Under the lead Of the distinguish
ed Senator from Ohio, in the short
session at the close of Mr.. Harrison
administration. the committee on Fl
nance reported provision for $50,
100000 of bonds. For what pur-
pose? The Senator says that the
sale of these bonds, which he and |
voted for at that time, and under u
republican administration, was sim
ply to keep up the reserve fund. To
day be says that reserve fund was
complete and perfect at that time II
so the Senator misled the country,
misled the Senate and misled us,
and the Secretary of the Treasury
deliberately misled us, unless he in
tended at that time, as the present
Secretary does, that the proceeds of
the sale of the bonds should be
merged into the treasury TO relieve
it from its distress.
What are the facts? What are the
figures? During the former admin
istration of Mr. Cleveland the excess
of revenue over expenditures was
1896, $50, 040.47 The excess of rev
enues over expenditures during the
four years of Mr.. Harrison's admin
istration was $l24133,000 The ex-
cess Of revenue, therefore, of Mr..
Cleveland's administration over that
of Mr.. Harrison's was $4,000, 900.
What made the shortage? will tell
you. 1t was the revenue laws pass
ed by the republican party.
What further embarrassed the
treasury? No threat of the demo
cratic party as to change of revenue
laws. 1t was embarrassed, impover
ished and made almost bankrupt by
the appropriations of the Fifty first
Congress when the republicans were
in possession of every branch of the
government. During 1886, 1887,
1888 and 1889 the sum of SLOTS
629, 097S5 was appropriated. Dur
ing Mr.. Harrison's administration,
with a diminished revenue, the re-
publicans appropriated $l,412,315,
COL. 0S. making the excess of repub-
lican appropriations during these
four years, as compared with the
four years from 1886 to 1889, 1888,
CSC, S0323. The treasury was
brought to the verge of bankruptcy
by the republican party. 1t was
bankrupt before the republican party
went out of power"