The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1897-03-16

The fiscal year ending june 3d. isgs
were $500 0373.2 2033O. and the expcndi-
cures $433. 17S.426.4S. showing n deficit of
N2,S05 22S.1S a further loan of SiOO 600
poo was negotiated by the government
IN February 1895 the sale netting
Sl1, 166, 2i6, and swelling the aggregate
Of bonds issued within three years to
$262, 3l5, 400. For the fiscal year ending
June 30 1896, the revenues OF the gov
ernment from an sources amounted Go
SiO9, AIS. 40S.7S while it's expenditures
we're S434. .678 65A4S or an excess Of ex-
penditures over receipts of S25.203, 245,-
TO- In other words, the total receipts
for the three fiscal years ending June
so, 1896, were insufficient by S131S11,-
72946 to meet the total expenditures.
Nor has this condition since inn
proved. For the first half Of the pres
ent fiscal year tJge receipts Of the gov
eminent, exclusive of postal revenues,
were S1575O7 GO3.76, and its expendi-
lures. exclusive of postal service, $780,
f1OOOO.22, or an excess Of expenditures
over receipts of S37,9O2, 896.46. In Jan
uary of this year the receipts, exclu-
sive Of postal revenues, were $24316,-
99A05. and the expenditures, exclusive
Of postal service. $50, ,269 3S9.29 a deficit
of S5952. .395.24 for the month In Feb
ruary of this year the receipts, exclu-
sive of postal revenues, were $24 40O,-
99638, and expenditures, exclusive Of
postal service, $2S, 1856 O56.66, a deficit Of
$4.395, 059 2S, or a total deficiency Of
$iS6 061 ,5SO.H for the three years and
eight months ending March /, 1897 Not
only are we without a surplus i'm the
treasury, but with an increase in the
public debt there has been CORE
spending increase I'm the annual i'm
terest charge from 500 1913 $500 in 1892,
the lowest of any year since 1862, to
S34,SS7 297.60 In 1896, or an increase Of
S11, ,493,41A4O.
1T may be urged that even If the rev
enues of the government had been suf-
ncient to meet all it's ordinary expenses
during the past three years the gold
reserve would still have been insult
hcient to meet the demands upon it,
and that bonds would necessarily have
been issued for its repletion. BE this
as it may it is clearly manifest, with
out denying or affirming the correct
ness of such a conclusion, that the
debt would have been decreased in at
least the amount OF the deficiency and
business confidence immeasurably
strengthened throughout the country
Congress should promtly correct the
existing condition. Ample revenues
must be supplied not only for the or
binary expenses of the government,
but for the prompt payment of liberal
pensions and the liquidation of the
principal and interest Of the public
debt. In raising revenue duties should
be so levied upon foreign products as
to preserve the home market, SO far as
possible TO our own producers; to re-
vive the manufactures to relieve and
encourage agriculture; to increase our
domestic and foreign commerce; to aid
and develop mining and building, and
to render to labor in every field of use
fUl occupation the liberal wages and
adequate rewards to which skill and
industry are justly entitled. The ne
cessity of the passage Of a tariff law
which shall provide ample revenue
need not be further urged The ipl-
perative demand OF the hour is the
prompt enactment Of such a measure,
and to this object I earnestly recon-
mend that congress shall make every
endeavor. Before other business Is
transacted Jet us first provide sufficient
revenue 60 faithfully administer the
government without the contracting of
further debt or the continued disturb
ance Of our finances