Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1895-07-18
bFCI,ARED A FAILURE
--.,.t RECORDS SHOW The DE-
eecTs OF FREE TRADE.

10, Era's Creditabic showing From
r....ury department Figures Cleveland
=, More Trouble With Surplus,
records In Politics.
n.over Cleyeland's first administra-
a' ,ras nreceded by the four years of
..iaeuts Garfield and Arthur, during
~ the business of the country was
~. arosnerous and the income of the gov
ias,t so large that the public debt
S rednced s4gI, 429, ESQ, being year
: sraroge reduction Of 1924, 357,3l2.
interest on the debt was at the same
,no reduced $3I, 707,5 $40, a yearly re-
ION # 81 926, SSI. The Morrill, tar
Nil was then in full operation, and
cnrrepcv was on gold standard.
:, rhe year 1888 congress passed an
n reduce the duties ON foreign i'm
rts and important reductions were
ase ON a large number of articles. As
rssnlt Of this reduction, together with
d Generalization attendant upon the
ton Of a tariff reformer as president
"a a congress that was i'll favor of low
~, the duties still more, the revenues
o,a ca reduced that during Mr.. Cleve-
Ins's administration, from 1884 TO
ID the payments on the public debt
snonnted to only $276, 041, $50, an aver
z ~ $50, ol0. 337 per year, but little
one than half that paid by the preyi-
= administration.
nnriug the administration of Presi-
ms Garfield and Arthur every kind of
siness was active, prices of all prod
Its we're good, the industries Were all
/ state Of great prosperity, our trade
nh foreign countries was larger than
apy previous period in the history of
country, and our currency was in
Easing both in volume and III value.
President Cleyeland's message to the
ftieth congress, dated Dec. 6, 1887,
h devoted almost exclusively to the
scussion of the surplus revenue III the
fasury and TO suggesting means of get
BIZ rid of that surplus.
In referring TO the sinking fund dur
the previous three years Mr.. Cleve-
BID said
The annual contribution to the sink
fund during the three years above
ecifed amounts i'll the aggregate TO
3S. o5S, 800"
lt seemed to be source of great anx-
" aud solieitude with Mr.. Cleveland
find 50 much money coming into the
kasury. He regarded it as a great tax
"a the people to have such an amount
[umuating there. His predecessors,
weyer. found no difficulty i'll disposing
this money by paying off the public
II. and the money thus derived was
tanly encouraging our home indus
IS for the country never prospered
re than during Arthur's administra-
n, under the Morrill, tariff, with our
ney on settled basis.
President Harrison also found no diff
y in disposing of the surplus i'll the
aurv, for during his administration
public debt was reduced 1865, 1913, :
yearly reduction of $91, 1878. 292.
pc figures show that during Harri-
administration there was $50,
$40 more paid on the public debt
b there was during Cleveland's adj
bllstration, an annual average of $22,
$50, This occurred Notwithstanding
Mckinley tariff bill took the duties
from sugar and placed ON the free
large number of articles which
net produced in this country.
During the last two years Of Mr.. Har-
ns administration, under the Nc
lay tariff, no country on this planet
flurished as did this. All of our
astries We're active, our exports and
orts We're the largest ever known,
crops We're abundant, prices We're
foreign capital was coming into
country by hundreds Of millions ev,
year and foreign emigranss by the
Lead almost weekly.
purlng Mr.. Cleyeland's present adj
slfatlell the public debt has been III
SD at tine rate of nearly 800, 900,
q year There is already noted in
finance reports for 1894 an increase
VIC public debt amounting to $50, :.
300 Since this report was made
e has been added to the bonded debt
ne country about $3.50, 600, 600. and
aiuss 90 on the way they are now
tmg NJ Cleveland will add to the
ifd Debt Of the people from $500,
WV g 400 600, 900 before the ex-
non Of bis term. A deficiency in
treasury is now causing him even
anxiety than the surplus did in
-Dr Il p Miller.