The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1895-05-10
CAUSED BY DEMOCRATS.
Figures Which SHOW what Has Caused
the Treasury Deficit.

the Treasury Dencis.
The democratic administration is be-
ginning to feel the effects now of its
borrowings. The month of April is an
interest paying month The interest
on the public debt is paid quarterly in
january. April, July and October. This
Is the first time that the government
has been called upon to pay any such
sums of Importance on the debt created
by the recent bond issues, and 1t is
feeling It very seriously Just now. The
interest payments which have been
of late about $1,000, 600 each quarter,
have, Of course, increased materially
with the addition Of 500, 00O, 900 of debt
at s per cent interest and $50, DOC, 900 at
1-2 per cent.
Curiously this demand for increased
funds for interest payment comes just
at a time when the administration
seems to be trying hard to make a
record for the new tariff act. During
the closing days of the last two months
the treasury seems to have made a
hard struggle to make a good showing
for the new law. Expenditures were
pinched down to a very low figure.
The average daily expenditures the
year round are over 81, 900, 900. yet in
the closing ten days of February they
averaged only s574, 621, and on the last
day of the month only 821,5s9. So that
the February operations Of the treas
ury made a showing Of nearly meeting
running expenses. In March another
heroic effort was made The expendi-
lures during the closing days Of the
month averaged only 1881, 211, and on
the last day of the month were S45, 700,
thus bringing the March expenditures
down within e250.000 Of the receipts
These temporary efforts 10 make a
showing for the new law seem to have
come to grief While IL was possible
to hold things down in the closing days
of the month, they would bob up again
at the beginning of the next month.
The average expenditures for the
closing ten days of February were
1914, 691, while those of the first ten
days of March were 81, 235, 261. The ex-
penditures for the closing ten days OF
March averaged 1851, eli per day, while
those of the first ten days Of April
averaged s1,57s,77a. Up to the present
time at least, the record of the Wilson
law has been one Of continued increas-
ing deficiency. During the first half
of April the deficiency has amounted
to nearly $4,000, 900, and during the
seven and one-hsh months since II
went into operation the deficiency has
amounted to over $50, 0O0, 900.
To be more accurate about the figures
Of April, 1t may be stated that the ex-
penditures up to the close Of business
on Saturday, April Is, amounted to
SIG, 607 ,s05, while the receipts were
only S11,12o, 051, thus making q de
fciency Of ss,47s, 76a in twelve bushes,
days This Is apparently about the
worst record that the new law has
made for itself since It went into opera
ton. The deficiency In Its first month
was less than &, 900, OO0j IN the second,
1t was q little over s1e, 0O0, 900; In the
third, about SO. 900, 900; in the fourth, be-
tween 100000 and $4,000, 900; in the
fifth, $4,000, 900, In the sixth, less than
s., 900, 900, and In the last month, less
than 81, 100000. And TO have 1t jump
up to over $4,000, 900 In the first twelve
business days Of the very month which
was expected to produce q surplus Is
something distressing Toledo Blade.