The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-09-12
DEFIo1ENoY. IN REVENUES, i;
Customs toms Receipts stiii Failing Fault OF
d H. Wilson. {; orman NH,

4 WASHINGTON. Lt c.. Sept. Ii.szIt is
now the beginning OF the third year OF the
Wilson-Gorman tarindlaw. and well Into
tho fourth annual period OF the Cleye-
land administration. Despite the promises
OF free trade advocates that the new law
would In time produce revenue sufficient
TO meet the requirements OF the govern
ment, there has been q deficiency by the
day and by the month which promises to
continue until Republican victory re-.
places the control Of the nation in the
hands OF those who administered It SO sue
cussfully for thirty years. 1t is important
that tho constantly recurring shortage in
revenues should not be lost sight OF in
discussions. on finance or In the dema-
goglc appeals OF Bryan to the prejudices
OF those suffering from conditions brought
about by members OF Bryan's political
faith. - e 4 .iT = lt.s5s
When. the Mckinley act was repealed
great things were assured to the people
who. II Is said. had :been oppressed and
tain Industries. Tha most allnring pledge
was that the marketssof the world would
pc thrown. open to American products, and
that wearing apparel ind the nocessaries
Or me would be ,procurable by all at the
lowest prices. Theset things have not come
TO pass. The markets OF the world are
further away than ever, and the home
market, developed by Republican states
manship, has failed the local farmer and
manufacturer because the laborer; has not
he needs. sysi = - - ~ l,ssfl35z
Not the least Of the Influences operating
to continue the paralysis OF the; country
Is the threat Of free silver coinage. Free
n IRE IxF I1a
work, but free coinage would complete the
ruin or what remains OF that splendid
system of protection. which. under Presi-
dent Harrison, caused the highest degree
OF prosperity. The receipts OF the treas
tury show a. constantffalling OF, and they
promise to grow worsetu until after the
election of Mckinley. Tho figures for tho
present fiscal year Indicate that there Is
not only no Improvement. but decided
3 hess w eG@ ons pSe ISs
customs. as against 81. boo. 900 for. the same
month In 1895. The deficiency for the same
month this yeariwas 81, 000, 900. Last year
the July shortage was 81, 900, 600. "a B G
z During August the customs receipts
were only $l2, 100. i95 as compared with SIS
GSs.04i for the corresponding month In 1896.
Even the receipts from Internal revenue
In August fell on about 81. 100000 in COM
parison, with those of;:August1 a year be-
slo1S! $50, or q total OF s2a, 1885, 39 for July
and August. 81 IsslG :. SIS J;ils7li. 81
This is certainly Ilscouraging exhibit
Tor the new fiscal year. when 1t is con-
sldered that all the trouble which has
caused lack of confidence and made
capital timid Is duo t6. the insufticency
OF the revenues. There Is apprehension
when n failure TO meet tho public obliga-
tionsis threatened. There is unrest, In the
fear that.i may again be necessary TO
pay appropriations out OF the gold re-
serve. 49, ~ l5rlgsI $50 =; 80 III :
Wt September; will close the first quarter,
and payments will be easier to meet The
treasury manipulators may be able to re-
cover some OF the ground already lost, but
no effort in restriction EHl prevent, an ex-
ceedlngly bad statement at the beginning
of the second ,quarter By: doing out
money In stinted quantities to the various
departments tho deficiency for the last
eight or nine days has been kept below
$1,000, 0o0. but even with,the strictest econ
omy the shortage on the first OF October
will be about $4,000, 900. Then the dam
will be opened again and q swift outpour
OF available cash will follow to pay the
interest on bonds and other demand la
bilIties. Voters will have striking object
lesson In tho 3uugmenting deficiencies i'm
medatcly preceding the-election. Sd. "a