New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-10
TWO YEARS OF DEMOCRACY.
u.u.r THEY HAVE DONE FOR THE
FINANCES OF THE COUNTRY.

prRLrc DEBT AND GENERAL
pRosTHArION OF BUSINESS
Iey TELEGRAPH TO THE rRIBUNEl
Washington, March e-Congressman Cannon's
statements regarding the expenditures authorized
bv the Congress just ended and his comparison
of the work OF the present Administration with
,ha, which preceded it suggest some further in
duiries ON that subject. 1t Is twentyeight
months since the voters of this country in mo-
ment Of mental alteration, put the control Of the
legislative and executive branches of the Govern
nlcnt into the hands of the Democratic party. and
twenty-four months since that PARTY assumed the
duty thus committed to it. What the efec; or
those months has been upon the country III d
general way was shown by the shouts OF dehsh'
on the floor Of the Stock Exchange OF New u"
end the screaming of whistles iii the manual
urng centres when il was known that the hiiiu
Congress had expired.
But while everybody recognizes the business ue
,,ression silent factories. shattered fortunes anu
,,;,,l II mos as the work of the effort to reverse
the conditions under which the country mas I'D"
rosno,j;v in the past. there is 70 accurate means
~ measurement OF the damage done except
+hrourh the official records OF the Treasury De
,ortp,ent This department bears about the same
raIation 10 the condition of the Nation that the
tndiyiduars pocketbook or bank account bears to
bie nrosuori,v or otherwise and by a Study OF
other for given period il is actca bic TO deter
mine the condition Of the person or the Nation
II is interesting. therefore at thls une' Wheh
President Cleveland mas competee ehalf his term
the Democratic Congress has passed from 'he
stage Of action, ana the country mas pdsseu
through twenty-cight months of prospective or
present tariff reform. 10 compare conditions win
those which prevailed before the tarin changes
were undertaken or promised. For ii goes WITH
out saving that the moment the people OF thls
country knew that the Democracy had been sue
cossf,u they knew that an effort would be made
- reverse tariff conditions. Hence the en'lre
twenty-eight months since the November election
of 1892 may fairly be considered as having been
affected by the tariff reform wave. and the six
months since the act passed may De looked upon
IS a test 0; the effect Of that measure
During the twcnty-eight months since the eiec-
ton in November. 1892 of Democratic congress
and President the receipts of the Treasury nave
been in round numbers. s7550 oOO and expendi-
lures $4,000 900. leaving deficiency Of Sioooo'-
900 During the twenty-eigh, months prior TO
that election, with the Mckinley law IN ioree
most of the time the receipts were sseoVVo'oVo
and expenditures sSO6 600 600. leaving surplus Of
$50 0O0O0 This makes a surplus OF over S2'VoV'-
900 month before the voters decided to plunge
and deficiency of over s4oOoooO a month since
that time. Here is the statement
Twenty-eigl, mouths election Of 1892 g., M, ooo
sqrRlrs re,rhi. month. since election Of
ue'Nie"e' ''''''''.- = -
But in order TO satisfy those who prefer TO
consider the period IN which the Democracy mas
actually been in power. it is we'll enough to make
another comparison or two. During the first two
years OF President Clevelands term. ending on
Monday last. the receipts of the Treasury were
in round numbers $3.50 100000 and expenditures
S737 0OO O00. making deficiency Of O'.Oooo"' IL
IS quite fair u compare this with the two years
Of President Harrison'S term just preceding H. OF
even with the first TWO years OF his term. That
the reader may take his choice. they are poth
given. The years Of President HdrHsoh
term just preceding Clevelands lnausura.
showed receipts of y720 900 900 and expenditures
of s7O7 900 900. surplus. $4,000 600 The frst Two
years of Harrison showed receipts OF $so4 OoOooo
and expenditures of S603 900 900 surplus, s201o".
600 Here the figures for comparisons
Cev.lsnds two deficiency. sao5 900 90,
larrsons last TWO years surplus. S,o
iiarrison. irst years-surpus ........ 2ol GDso
Harrison annual Average surIlus-.....''..'' "5"""o
Curious,y the figures for Cleveland and Har-
rison are precisely the same relates TO the
annual average. except for the triiing fact that
for C.eveand's term IL is deficiency. while for
Harrison's term it is a surplus.
There is also another interesting way of look
ing at it,. During President Cleveand's TWO
years he has made additions to the SINKING
fund provided for the extinguishment OF the pun
lie debt, but on the contrary he has added $loZ,-
000.0o0 TO the public debt BY his bond issues.
During President Harrison's term he borrowed
nothins but on the other hand reduced ,ne no
lie debt in the comfortable sum of H330OO.VDo
Figuring 1t out by years and months. the account
stands as follows:
Harrsonf reduction public debt, annual av-
Ci~vsisnds increase public oeb, annual av-
erage ......-...-.' .'...''............ hM""o
Coming down to the actual operations Of Demo-
cratic tariff laws. while there are only six months
in which TO study and make comparisons even
those six months instructive. The Wilson
law has been in opera ton six months. and the
receipts OF the Treasury in that time have been
Sl34. 900 coo. or average Of $22,000000 month
During the forty-seven months in which the Nc
kinney law was In operation the receipts 81
2s1 900 600 or an average of 500 1000 900 month
So the figures to actual operation Of the two
laws so far one is able to compare them. stand
as follows:
Wilson aw-average monthly recep,s....... $4,000 600
Mckinley law-averase monthly recep's..... 29.cFooco
For the convenience OF any who may want
20 compare Democratic with Republican laws and
influences the above statements are recapitu-
lated. showing the conditions before taking and
after taking:
TweD'y.esh months since Democratic sue mn ooo
Twenty light months before Democratic
Tv.-r;s-fo,l months since tIeveand's inaugu-
r"es'S iai months before ticv:and: inaa
euraton surplus -. :....:........... 1900 ooo
average 81 600
Harrison's reduction publio annual av-
erasc OBSERVATION-DISCLOSURES. $500
ANerase honthly receipts under Wilson
Average monthly receipts under McKInley
'F % 900
W,ERANTS ISSUED FOR CORRUpT rrpyvry
chicago. March 9.--Attachments were issued To-
day by Judge Goggin directing the sheriff IN arres.
and bring into his court, William Hapin and Will
lam II. Gray. the members Of the jury in the
Strauss damage case against the West Chicago
Street Railway Company, who confessed in am
davits TO procuring mstral under promise of
$500 each from the agents Of the company. Neither