The Coconino weekly sun., 1895-07-18
A YEAR OF DEBT CREATION.
Democratic Encouragement sapping the
 National Resources.

National Resources.
 For several years the actual expenses of carrying on the government, cxclu- sivc of post office receipts, have aver aged over S3l, 100000 per month. They should have been little smaller dur ing the year just ended on some ac- counts, but little larger because in terest amounting to 5000, 900 yearly was added prior to December, and about S2,5sO, 900 yearly after February 1. But in order to make a fictitious showing of improvement at the end of the fiscal year, the treasury has re- fused to pay part of its actual obliga- tions under appropriation laws enact ed, although these laws were so far below the real expenses of the govern ment that some branches of the public service have been seriously crippled. The indignation of United States judgcs because they have been obliged to close their courts and discharge wit nesses and delay justice on account of deficient appropriations will not be forgotten. It is disgraceful that there should be added to unjustihable delays of this kind other acts of virtual repu- diation which have no excuse, because the money for payment has been law fully appropriated, and is now lying idle in the treasury.
 The available cash balance, includ- ing tho gold reserve, is officially re- ported as Sl03, s3G, ,592, and the govern nt worse off if that balance had been $1O,- 900, 900 lower, while it's creditors would have been more honestly treated The official report makes the expenditures for the year S35G, l00, ,450, against S3G7,- 5a5,2 the year before, and S3S3, ,477,- 957 in the fiscal year 1s92-93, the wrong being that in June the treasury paid less than SO, 900, ,O00, when it actually ought to have paid nearly $lO,O0O 900 more. The fact that one has to look back four or five years to find in any month payments as small as those made in the month just closed is suf- ficient to disclose both the nature and the motive of the performance.
 Some disheartenment on the part of officials whose elaborate calculations are so largely responsible for the ex- isting revenue law is not unnatural, but it does not afford the faintest ex- cuse for injustice toward public credit ors It will be remembered that Secretary Carlisle himself called at tention to the obvious fact that the in come tax would not become available to any great extent until after the fiscal year had ended, but he estim- ated in his official report of last De- cember revenue from customs of S160 900, 900. which was nearly SS,000,- 900 more than the actual receipts. He also calculated upon Sl65, 100000 from internal revenue, which was nearly S:3, ,000, 900 more than the actual re- cepits, and comparison with his letter to Senator Harris last August shows that his official estimates included practically nothing for the tax on in comes The deficiency in internal revenue, as has recently been cx- plained, is in large measure due to the act for the enrichment and dclec- tation of the whisky trust, which the secretary himself is understood to have strongly favored. The customs receipts fall short of expectations be- cause, although imports are large, the ad valorem duties opened the way to heavy evasion by fraudulent invoices
 President Cleveland came into office in March, 1893, with a cash balance in the treasury ot SPA, l2S, ,OsS, and the interest-bearing debt was SjS5, 900 ,O00. By borrowing 117,OOO,O0 by the two issues of per cent. bonds and $62,- 5G0,000 on per cents, the government has aiscd it's interest-bearing debt to about $747, 100000, and, by refusing to pay debts overdue, has raised its cash balance to $l93, 1926, ,502 But all these operations do not serve to hide the fact that the change in the reve- nue system, to which the party in pow CT sacrifices every ything else, has left the government without revenue enough to meet its necessary expenses It is so often said that the republican administration left the government in difficulty, notwithstanding the cash balance on hand, as above stated, that it may be we'll to recur to the fact that the actual revenue fell only 5, 900, 900 below the expenditures for the eight months of the fiscal year preceding the inauguration of President Cleveland. Under the old laws there had been for years no difficulty, and would have been none had those laws remained in force without the threat of a change of