The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1897-03-17
N'KINLEYS MESSAGE,
rho President Sends His First
communication to Congress.
CAME IN RATHER UNEXPECTEDLY.
rts Document Deals Wholly with Stats
,i,s About the Deficit in the Rev.
enues No Reference Made
to Foreign Questions.
WASHINGTON, March 15.-The presi-
ont sent the following message to con-


sont sent the following message to con-
fress; - Co...
Il ~. TIVE CONGRESS- OF THE UNITED STATES:
i 1,,.otting the necessity which has required me
s.tt ro,i together, feel that your assembling
A extraordinary session is Indispensable, be-
No. N che condition in which We find the
#oyenues Of the government 1t is conceded
n A. is current expenditures are greater than
4 : rsrepts, and that such condition has eX-
tcd for now more than three years
4 with unlimited means at our command, we
H. presenting the remarkable spectacle OF in
sreasng our public debt by borrowing money to
s,oet the ordinary OUTLAWS incident upon even
n economical and prudent administration OF
H. government An examination of the sub
pct dlscIoses this fact in every detail and LEADS
Aevitably to the conclusion that the condition
n tho revenue which allows it is unjustidable
snd should be corrected.
4 We find by the reports of the secretary of the
treasurv that the revenues for the fiscal year
Rrdinp June 30 1892, from all sources were Sl25,
Id oe0 % and the expenditures for all purposes
tere 9l5 q53 sO6.56 leaving an excess of re-
Minis over expenditures of 1924, 1896. Dur
IN mat fiscal year $40 $40, 1898 We're
Fad upon the public debt, which had
keen reduced since March !, 1889, 1853
IN sq0 and the annual interest charge
Sacreased S1l, 5s4 ,576.50 The receipts OF the
sovernment from all sources during the fiscal
fear ending June 80 1898, amounted to $751;, NO.
kl9i and its expenditures to Si59,314, SSE6o,
Knowing an excess of receipts over eXpendi-
lures Of E., 34i 6'4.29'
Since that time the receipts OF no fiscal year,
And with but few exceptions of no month Of any
fscal wear have exceeded the expendi-
a., ,r,t,F oil
{ources during the fiscal year ending June 30,
ssq4. we're 1872, SOP 1880, and its expenditures
R2 Bl5 75s ST. leaving deficit the first since the
resumption Of specie payments, of $50 803, 2605s.
there was decrease OF SIG
s8g 1873 Is in the ordinary expenses of the gov
krnment, as compared with the previous fiscal
hear. It's income was still not sufficient
IA provide for its daily necessities, and the gold
Deserve in the treasury for the redemption of
kreenbacks was drawn upon to meet them But
lhis did not suffice, and the government then
iesorted to loans to replenish the reserve.
In February, 1894, $50, 900 900 in bonds were is
bued and In November following a second issue
n $4,000 900 was deemed necessary. The sum
h 3ll7,17l795 was realized by the sale
ii these bonds, but the reserve was
9teadiy decreased until, on February 3,
isa5 third sale of S62 3l5 400 in bonds for S65,
1l6,2iiwas announced to congress, The receipts
h the government for the fiscal year ending
Bune &c. 1895 were 1880 373 2093 80 and the expend-
lures 1888 178, i26 As, showing deficit of 81
b. 223lS A further loan of Sl00,OOOOW was
begotiated by the government in February 1886,
Dr. sale netting Sill, 166,246 and swelling the ag-
3regate of bonds issued within three years TO
400
Il For the fiscal year ending June 30, 1885 the
Revenues of the government from all sources
amounted to S409, 475, 40S 10, while its eXpendi1
sureS were 1884 6is, 654 As, or an excess of eX-
bendtures over receipts of S25, 203, 245.70, In
Bther words, the total receipts for the three
bsca years ending June 80, 1896, were insult
Acent by Sl37 ,s1l ,729. IS to meet the total ex-
RenditureS
n Nor has this condition since improved, For
ahe first half OF the present fiscal year, the re-
eepts of the government, exclusive of postal
Revenues, were Sl57 ,507 SOB. rs, and its expend-
3tures exclusive of postal services, $3.50 40 :
poe or an excess OF expenditures over receipts
bt So ,902, 1906 49,
In January, of this year, the receipts exclu-
Dive Of postal revenues were S24,Sl6,99i.O5, and
she expenditures exclusive of postal services
30 269 SSq %, deficit of So, 1924 for the
month
Il In February Of this year the receipts exclu-
Dive Of postal revenue were $4,000, a9l3S, and
Expenditures exclusive of postal service
fS 196 05666 deficit of 1895 0o9,2S;
pr total deficiency of S1s6,06 ,5s044 for the
ahree years and eight months ending March /,
1854 Not only are we without surplus in the
treasury but with an increase in the public
Rebt there has been corresponding increase in
Pie annual interest charge from S22 1913, 20 in
%2, the lowest OF any year since 1862, to S3l,-
1921 go in 1905, or an increase OF I'll ,4b IA 49,
Il 1t may be urged that even il the revenues OF
Pie government had been sufficient to meet all
Us ordinary expenses during the past three
Sears, the gold reserve would still have been m
frScient to meet the demands upon it, and that
ponds would necessarily have been issued for
It's repetition BE this as it may, it is clearly
manifest, without denying or Affirming the cor
FectneSs Of such conclusion, that the debt
sSoud have been decreased in at least the
emount of the deficiency, and business con-
ldenee mmeasurably strengthened throughout
Pie country
4 congress should promptly correct the existing
conditions Ample revenues must be supplied
pot only for the ordinary expenses OF
Pie government but for the prompt
payment of liberal pensions and the
liquidation of the principal and interest
Of the public debt. In raising revenues, duties
ahond be so levied upon foreign products as tC
preserve the home market, SO Tar as posSlpit
70 our own producers; to revive and increase
manufacturers; to relieve and encourage agrl'
Sculture; to increase our domestic and for.
Eelgn commerce; to aid and develop minins
snd building; and to render labor in every field
Oi useful occupation the liberal wages and ade-
quate rewards to which skill and industry are
s9ustly entitled. The necessity of the passage o
tsrin law which shall provide ample revenue
need not be further urged, The imperative de
lnand of the hour is the prompt enactment o
such measure and to this object / earnestly
Iceavor
Before other business is transacted let u
nfst provide sufficient revenue to faithfully ad
minister the government without the contract
ing oil further debt, or the continued disturb
ance of our finances.
WILLIAM MCKINLEY.
Executive Mansion, March IL, 1897.