The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1894-05-31

effort shot Id be made so that the bur
dens of contributing to the support OF
the government be confined wilma
economical bounds in order that they
shall not exceed the receipts? Inc
massing OF surplus in the treasury
is AS great an evil as defe!ency'
he aim and intent OF the collection
of taxes should be to realize an amount
necessary to defray the expenses Oh
the state government and no more,
thus keeping the money in circulation
among the people.
The financial history or our stare
evidences the fact that we have been
| constantly Oscillating between large
surplus and a deficiency. The next
legislature will be confronted with
deficiency and in addition the neces-
sity of making appropriation for de.
fraying the expenses of the state gov
eminent, meeting the interest on the
public debt and providing for the re-
demptiOn OF warrants Issued Tor sell
vices rendered to the state. While L
believe that our expenditures can pc
reduced without impairing the ell
cheney of the public service, it IS
question of grave import. even with
large increase in taxable value, II the
deficiency and current expenses OF the
government can be met with the pres
emit rate of taxation. The present rate
of taxation has proved inadequate, as
shown by the present condition of the
state treasury. l know from years OF
experience in the comptroller office
the resources of Texas and her Leces-
stiles for an economical adminlstra-
ton, and can run the state govern
ment OH the lowest tax rate possible,
The careful financier attains success
by keeping expenditures within his
income, and the financial success Oi a
government depends upon the same
priL ciple.
In my report in 1892, it was estima-
ted that revenue which would be re-
ceived by the state for the year end
ing August 81, 1898, would amount to
$2,1l3,9OO. The actual recsipts were
s., 1875 3S1.77. The appropriation for
the current expenses of the govern
ment Tor the year ending
FEBRUARY %, 1894, was $685..
299 OS. During the year end.
ing Aug. 81, 1898, we received 81, l25,
3Sl. II, against which we expended
s., 429, PIC is, an excess OF expendi-
lures over receipts of $780,, S37 Al. 1t
ia we'll to study and discuss the
science of government, but in order TO
successfully realize practical states
mapship, and administer affairs upon
sound and correct business basis, q
sufficient amount of money, aud no
more, should be collected to keep all
the departments of the government in
efficient operation, Certainly our eX-
penses must be brought within the linn
it of our income if we expect to sustain
the state in healthy financial cOndi.
ton and maintain our credit abroad.
lapprove and stand upon the state
and national Democratic platforms OF
| 1892, and / fully subscribe to the &C.
tion of the Democratic executive com
mittee at Dallas in March, / do not
cOnstrue the action of that committee
as arrogaling to itself single func-
ton which did not properly pertain to
| it. To my understanding ii
relegated disputed questions which
created discard in The Democratic
ranks to the tribunals having APP
propriate jurisdiction over them and
attempted no manner of dictatiOn in
its recommendation to the Democ,
racy of Texas. | believe that Demo
cratic supremacy, federal and state, is
paramount to the political success Of
any man or set of men, and believe
that the advisory action Of the sta E
executive committee was inspired by
the patriotic purpose 10 preserve
Democratic principle in Texas. | be-
lieve in the silver declaration of the
national Democratic platform, and
staOd on the coinage question with
the majority of the Texas congress
sional delegation in their vote on the
unconditional repeal OF the Sherman
act.
| favor the immediate enactment o
a law providing for the resumption Of
tho coinage of the home product o
silver without mintage, and that con
gress should provide for an interna
tional conference on the question o
silver coinage with the distinct under
standing that the coinage of the pro
duct of silver be continued until sat
isfactOry agreement on silver coinage
is reached by the leading nations o
the earth, but | believe with the eX
ecutive committee of the Democratic
perty of Texas that that question
should be determined by congress.
hold with the state Democratic
executive committee that withou
the danger OF fomentipg or re
vivirg discOrd, the Democracy o
Texas can be relied upon to take tn
proper position at the proper time anC
in the proper way, and that the purel,
local affairs of Texas can be admins
tered without even in appearance as
, Stunning a position of antagonism t
, the national administration. 1 favo
: q tariff for revenue only, restricted t
the absolute necessities of economics
administration, and based on the 81
. valorem value of imports. favor
national income tax and | favor tn
. repeal of the tax on state banks.
would respectfully refer my friend
!, and voters of the state of Texas to tn
u manner in which l have pe1lOrme
= the duties devnlving upon me a
. comptroller, an office which require
- a eneral knowledge of state affair
and of statutory laws, aud especial
with legislative enactments relatiD
l. -