Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-01-29
treasury for the last week is only apparent.
The deficiency still exists.


The deficiency still exists.
Expenditures of the Government.
cit must be borne in mind that there are
certain expenditures of this government
which are paid only at stated times-Quar-
terly interest, pensions at particular periods
therefore no conclusions can be drawn as
to the operations of the treasury from the
figures of a single week. Now, the ex-
penSeS of this government on the average
per week for the present fiscal year, VIII
exceed 100000, and for every day, $l,-
10000. Now We want to ascertain whether
the revenue has been equal to the ex-
penditure. We cannot look at this daily
report and simply take the revenue for
given day CT q given week, and the amount
Paid out for that day or that week; but
we must look to see whether revenue mas
come up to the average expenditures Tor
the day or for the week.
For example, l find that for the last
week, which the gentleman from West Viz
ginia says presented a revenue equal to
the expenditures, the receipts were So,t9i,-
soi: that the amount paid out was only
S.6DJ, 2US-apparent balance of 81, 1885, 96
But unfortunately for this roseate view
the payments of the last week did not
cover the whole expenses or the govern
ment for the week. There was but smail
payment for pensions; there was almost l.o
payment for interest.
There should have been 100000 placed
to the debit account, instead OF 4,GD,2oS,
being only S5.797 sou left a deficiency last
week of about 81, 100 900, instead Of an ap-
parent surplus of over million
In other Ords. if the operations of the
treasury for the next five months should
be on a par with those of last week the
deficiency would he at the rate of $4,000
600 a year instead of the amount which has
been estimated.
During the present month, up to last
night. there has been deficiency of over
Ss.h0.VU-larger, to be sure. than properly
should be charged to the month, because
January is the month in which the quar-
terly interest is paid But making all due
allowance for that. the deficiency for the
present month cannot be estimated at less
| than Si,WO,oo.
Since the third day of December, when
this Congress assembled. up to the close of
this month there will have been a def
cheney of nearly Sl5,OU0,OOU. while gentle
men have been indulging in the rOSeate
| view that revenue had already reached the
| limit of expenditure.
! Looking forward to the future, predic-
/ lions OF a roseate character may. of course.
/ be made; but i ask you, MIR. Chairman, Ii
it is the part of wise finance minister. in
| view of what has happened during the
| past six months, to take too much stock
| In an increase of revenue that must in the
| nature of the case he dependent upon re-
vival of business? A surplus under such
| circumstances would be a godsend to l."
Mr.. Reeds Remarks.
Mr.. Reed (Me.), who closed the general
debate for his side. declared the pending
\ bill was trifting, because no one expected 1t
/ to become an act. 1t was in that respect,
| he said. like much OF the legislation pro-
| posed in this Congress.
IntrinScally the bill was of Importance
| in that he did not desire Congress to COM
init itself too hastily to the ill-advSed
| opinion of the Secretary of State. But the
| bill was being pressed, not because 1t was
| of Importance to from an economic
| point of view, but because it was said to
| contravene some of the treaty rights.
| This proposition involved a peculiar situa-
ton Germany granted a bounty for the
| benefit of her sugar growers and manufac-
turers, to give them an opportunity to sell
| in our markets. We, acting under our
rights, decided we would protect some of
| our citizens. the Louisiana planters and the
sugar trusts. Germanys bounty acted d.
| rectly against us. and We simply contra
yer ed their act.
| Mr. Reed called attention to the con-
| fiicting opinions of the Secretary of State
| and the Attorney General. the latter being
strong in the opinion that this duty did
| not violate the treaty with Prussia. MIR.
| Reed added to the Attorney Generals opin-
| ions that of Count Hatsfeld, who stated
| in 1858 that such was the opinion of the
| imperial government of Germany.
| Proceeding, Mr.. Reed asked what evil
dence had been adduced to show that our
| meats had been excluded by Germany be-
| cause had imposed this differential on
| her sugar.
| MT. 1teeu tHen turned MS attention. 10
| the national Frances and the President 3
| message. Ha said the President in his APP
| peal to Congress to lay aside PARTISAN
| ship in the consideration of the financial
| situation had demonstrated that he was
| not able to follow his own advise himsel II.
| Mr.. Reed said that the whole cause Of the
| present situation is that the revenues of
| the government are less in amount than
| the Expenditures.
| He said that if this Congress will ut once
! make the revenues equal to the expendi-
| lures ii would make large contribu
| ton toward restoring confidence. He de-
! clared that the republicans have always
| been willing to consider such questions
! from a national and not from a partisan
| standpoint.