Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1897-07-15

1.-THE monthly comparative state
ment OF the government receipts and
expenditures show that during the
month OF June the receipts from all
sources amounted to $36,5S7, 708, and
the expenditures 22,934,694 leaving
a surplus for the month OF $13, 650,014
The present republican administration
has added to the general revenue OF
the government since the 4h Of March
when Mr.. Mckinley was inHngurated
$31 1927, 1856, and after adding this vast
surplus to the democratic deficit for
the year which closed the 30th Of June,
still leaves the d, felt for the entire
ytar 1892, l0s. II the $3l,82l,9 5
republican profit had not gone III to
reduce the democratic deficit, the year
would have closed with a shortage OF
$50, 445,09 In other words the de-
mocrstic administration OF Mr.. Oleve-
land conducted the affairs OF the
government for the eight months of
year which closed June Both and the
republicans four. The Cleveland ad-
ministrstion during it's eight months
run behind just $5O,445,093. The
Mckinley administration has had q
surplus for the treasury every month
since il has been in power and dur
ing it's first four months has made
total profit Of $3l, 812 1856 and having
added this amount to the democratic
shortage, closes the year with only a
triAe over IS million dollars behind
the lighthouse"
A republican friend asked us the
other day il the above figures were
correct. We believe that for once
the Dispatch has given it's readers
the figures as they are, but fails in
very important particular to tell the
people the exact truth regarding the
finances of the nation. Unless we
are very much mistaken the country
is still doing business under laws
passed by the democratic party while
in power. Hence oil revenues and ex-
penditures received or paid out, are
as fixed by those laws. Ii then the
condition Of the country is as rosy as
painted by the Dispatch, why is it
necessary for a change. The senate
recently passed a measure I'll r. 979)
which is ITO provide revenue for the
government and to encourage the in
dustrles Of the United States" The
facts are that importers expect an
increase in tariff rates and are ship
ping in goods before the increase Is
made operative. The Topeka Capital
in discussing the new tariff measure,
tells just why the amount Of reven.
ues have increased so much recently.
IL says:
1T is conceded by many republi.
can senators and asserted by mem.
bers of the House Ways and Means
committee that the senate bill will
not produce sufficient revenues dur.
ing the year beginning this month
This is not due 80 much to defects
in the bill M to the peculiar condi$
tions caused by the importation DUR
ing the last six months n enough
wool, sugar and wooden goods for 81
years consumption and very heavy
imp0rtationS Of other goods on which
revenues are raised"
So there you are. The heavy i'm
portations Of wool, sugar and wooden
goods in anticipation Of increased
duties have swelled receipts to an
unususlly large figure.
We Hopv however that the Cap
itapS prediction Of no revenue will
not prove true.
The following shows the amount of
wool importations for the past syear:
"The raw importation Of wool for
the whole Of the year Of 1896, at all
ports was 23O,911,473 pounds, which
exceeded the importation at Boston,
New York and Philadelphia for the
last four months by only 3,349,248
pounds. The number Of pounds i'm.
ported during the first six months of |
the calendar year 1896 was 1OO,777,-
$50 and for the corresponding months
Of the current year 277672,1O7, an in
crease Of 1854, 927 pounds.