The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1895-07-06

Under the above caption the Baltimore SIN
of Wednesday speaks of the receipts and dis
bursements of the government for the fiscal
year ended June 80, notes the reduction of
the deficit as compared with that of last year,
and concludes with the belief that, as bust
ness Is now greatly improving, Mr. Carlise's
report for 1896 will show handsome surplus.
The ,Saa says that ''the tariff will henceforth
afford. it is thought, rising tide of revenue
adequate for all the governments purposes,
and remarks that this is ''distateful to prOtee-
tianists, . who hoped continued deficits would
be a cogent argument for re-enacting the Nc
Kinley law. To the great body ofthe people,
ii remarks, it will be extremely gratifying to
know that the governments needs will be
adequately met out Of the proceeds of eristing
tares
The Ssaa for nearly year past has been
endeayoring to show that the new tariff act
was but little improvement on the Mckinley
law. and has numerically scored those charged
with its formation. The result of the opera
tons of the law, the improvement in business
and the general evidences Of returning pros
peritv. have forced these declarations. and
heneeforth We expect it to go on telling ofthe
merits Of the new tariff act and remove what
ever misconceptions it has created.
Here is the full text of the Ssta' 3 article:
The official statement of receipts and expendi-
lures for June and for the fiscal year ended Iune 30
1885 considered in connection with the rapidly I'M
,rox-fnpr business sftafion indicates that the
er has been turned. and that the period OF deficits
introduced BY the unwise tariff silver and pension
issIsfion az tbe Harrison administration Is about
ended The position of the federal treasury AZ the
present time Is very satisfactory Inc goia reseFNe
and for months to there is an assured prospect
OF its continuing undiminished. The net cash bal
anee is s5 20 i53. At the same time receipts are
beginning 10 exceed expenditures, 50 tnat mt
strong position Of the treasury Is likely 70 De per
manent IN june receipts We're $500 = anu e9 ~
heing nearly S40O0000 The customs receipts 81
June 1886 exceeded those Of June, ls94. while the
fjseai var inst ended embraced Of the worst
months Of the panic period that Il is not SarpriS
IMP that il ends with deficit bat i is gratifying u
s1cie thar me lefeif Is but So 0iq against
deficit OF S6g 26o in the year ended June - 1871
As the government income varies wlsh ne AeLlsl-
~ Of the eountry's business, and business Is now
Improving greatly il is reasonable, in view Of the
above facfS 10 expect with the coltinuanee q e1-
listing conditions handsome surplus IN Nj Tar
isles report for The year ending june 3, lsse
Total receipts in the past fiscal year were Silas'
H1t1Oh expenditures NusAt
we've SIS 5a OUo more than in the fiscal year le9i
From customs the receipts tlt.efp.t.o more
than in that year The tarln viii anoTa
X IS thought a rising tide Of revenue adequate iog
All the governments purposes. imporiati0ns Of
sugar and other articles have I'll recently pee LOT
from internal taxes have been similarly iessenea
but from this time every month VIII, i y De-
lieved. show increased receipts To prosecilenlsts
This prospect i diStaStefal, since they have been
relying upon continued defcits for a coEent argu-
ment ior fe-enaeting the Mckinley taria, g nc
fremeiy gratifying 20 know that the governiaents
needs viii be adequately met ont of the Eocesis Of
avfxffnSr taxes