The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1895-07-20
The Countrv,s Finances

The Country's Finances.
Barring the presentation of the
naked fact that there is a i. S.
Treasury deficit OF little less than
S43, 100000, the Republican papers
have little to say of the Treasury re
port. 1t is not document of any
special comfort to them. 1t is hard
on their predictions and, from their
standpoint, offers incentive for com
PARSONS the reverse of pleasing.
The deficit, in the first place, is
more than 100000 less than they
said it would be and $50, 000,0 900 less
than the deficit for the preceding
year, which was the last full year
for the Mckinley bill. This year
we mean the fiscal year ending June
30-included two months ofSMcKin-
leyism and ten months of the Demo
cratic tariff.
Taking the receipts from customs,
only, the Mckinley bill in 1892 90
yielded $131, 900, 900, and the Demo
cratic tariff with but the two
months of McKinleyIsm), yielded
$152,000,000, or $21,0O0,000 more
How oddly it sounds, in the light Of
these figures, to hear the Republi-
cans talking about Republican tar.
ifs that yield revenue enough, and
Democratic tariffs that DON'T
The internal revenue receipts fell
off some this last year, owing to the
large amount of whiskey that was
taken out of bond just before the
higher Democratic tax went into eff
feet, and which has not yet beer
consumed. This, of course, will
make the receipts from this source
more satisfactory for the current
year.
Another feature of the report that
is interesting, though the Republi-
cans do not appear to consider it so
is its demonstration that Secretary
Carlisle's estimate of receipts and
expenditures, made in his last an,
nual report, was surprisingly accur-
ate. He put the expenditures at
$3.50, 100000. They were little
over $356,000,000 he put the recei OTIS
at $340,000,000 including $4,000,
900 lost by the income tax decision
and 100000 by the drop in the
price of sugar. They are 1913, OO0,-
600. 1t is long headed man who
can look so far ahead into the posi-
BILE operations of an as yet untried
revenue law and guess as closely
what its results will be. The Repub-
licans cited him as wofully bad at
this business and at the time as alb
surd in his published figures, but
they are now under the necessity of
revising their view, though nobody
expects of them an acknowledgment
of the fact. In Washington re,
view of the report from which these
figures are taken, occurs the follow
ing; "There is plenty of good evil
dence that the deficit of nearly $43,-
100000 will be decreased fully one
half during the present fiscal year,
provided there is no great business
disturbance caused by threatened
revenue legislation during the next
Congress.
With such an encouraging out
look and proof on all sides of re-
newed business prosperity, there is
little wonder that the Treasury of
ficials not only, but all other fnan-
ciers, are more hopeful than they
have been for months"
Thus it transpires that, in getting
rid of inherited hard times, in build
ing up the business of the country,
restoring the public credit, making
good treasury deficiencies that &C.
crued under Republican laws, and
bringing, in short, ali the conditions
of governmental and general pros
perity, the Democratic party has
been tried, as party was never
tried before, and found fully equal
TO the task.