The Coconino weekly sun., 1895-05-09
DEMOCRATS TO BLAME
Figures Which Show What Has Caused
 tho Treasury Deficit


 tho Treasury Deficis
 The democratic administration is be- ginning to feel the effects now of it's 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 S6,000000 each quarter, have, of course, increased materially with the addition of $lOO, GOO, 900 of debt at 5 per cent. interest and $62, ,O0O,O 900 at 4 l-2 per cent.
 Curiously this demand for increased funds for interest payment comes just at 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 good showing for the new law. Expenditures were pinchcd down to very low figure.
 The average daily expenditures the year round are over Sl,0OO,O ,O00, yet in the closing ten days of February they averaged only S574, ,62I, and on the last day of the month only $2l,5S9. So that the February operations of the tteas- ury made 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 SGaI, ,a11, and on the last day of the month were S45, TOO, thus bringing the March expenditures down within S25O.O00 of the receipts. These temporary efforts to make a showing for the new law seem to have come to grief. While it 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 s574, ,62l, while those of the first ten days of March were S1, 235,251. The ex- penditures for the closing ten days of March averaged S63l, ,211 per day, while those of the first ten days of April averaged l,57s,773. Up to the present time at least, the record of the Wilson law has been one of continued increas- jug deficiency. During the first half of April the deficiency has amounted to nearly s9,000,O0O, and during the seven and one-half months since it went into operation the deficiency has amounted to over S50,OOo,OOO.
 %To be more accurate about the figures of April, it may be stated that the ex- penditures up to the close of business on Saturday, April l3, amounted to Sl9, GOT ,sO5, while the receipts were only Sl1, ,129,05l thus making a de- fciency of ss,47s,753 in twelve business 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 it's first month was less than Ss,000, ,Oo0; in the second, it was little over S12, ,000 GOO; in the third, about S0, ,O0O, 600; in the fourth, be- tween s5,0O0,000 and SG,0OO, GOO; in the fifth, g., ,O00, coo; in the sixth, less than S3,0OO, 900, and in the last month, less than Sl,0O0,000 And to have it jump up to over Ss,00O, 900 in the first twelve business days of the very month which was expected to produce surplus is something distressing. Toledo Blade.