Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1897-03-27
The House.

OF the F1fty-ffth congress in eXtraor-
binary session was witnessed in the
house today by an immense crowd of
spectators.
OF the 357 men who constitute the
membership OF the house, 1872 have never
before served In that capacity, while l6
more have served in former congresses
making altogether 14s new members and
209 who served in the last congress.
Politically classified, there are 206 re-
publicans, l22 democrats and 20 fusion
silverites and populists.
The clerk rca the presidents procla-
nation converting congress and the roll
Of members was called, showing that
1897 members had answered TO their
names.
The next business in order was cleo
ton of speaker and Mr.. Grosvenor. rep,
Ohio, presented the name of Thomas
Bracket Reed.
Mr.. Richardson, dem, Tennessee,
placed In nomination Joseph w. Bailey
of Texas.
Mr.. John c. Bell, pop, Colorado, was
put II nomination by Jerry Simpson,
pop, Kansas.
The election Of speaker was then pro-
ceeded with, the result being:
For Mr., Reed, 1893 votes.
For Bailey, ia votes.
For Bell, q votes.
Mr.. Newlands Of Nevada, /.
The clerk announced that Mr.. Reed,
having received a majority Of all the
votes cast, was duly elected speaker,
and he appointed Messrs. Grosvenor,
Bailey and Bell to conduct the speaker
elect to the chair.
Mr.. Reed, having been conducted to
the chair amid applause, addressed the
house briefly. The speaker was sworn
In by Mr., Harmcr, rep, pennsylvania
and then the oath was administered TO
the members, four Of whose certificates
had not arrived, being sworn In 10y
unanimous consent. \ committee was
then appointed to walt on the president.
The Message.
The presidents message was received
by both houses. The senate had az
journed, but 1t was read in the house.
1t Is as follows:
To the Congress of the United States:
Regretting the necessity which has re-
quired me to call you together, / feel
that your assembling IN extraordinary
StSSlol = lilhISDtll1hDlC VI AiN
condition In which we find the revenues
of the government. 1t is conceded that
Its current expenditures are greater
than its receipts, and that such a con-
ditlon has existed for nov more thar
three years. With unlimited means at
our command, we are presenting the
remarkable spectacle Of increasing our
public debt by borrowing money to
,a.., "a. n,lf,.rr ~, ~, ~, incident lTpp
even an economical and prudent admin
Istration Of the government. An exam
ination of the subject dlscloses his fact
in every detail and leads inevitably to
the conclusion that the condition of the
revenue which allows 1t Is unjustiiable
and should be corrected.
We find by the reports OF the secre-
tary of the treasury that the revenues
for the fiscal year ending June 80, 1892,
from all sources, were $425, S6S, $50. %,
and the expenditures for all purposes
were $415, 953, SOC. SO, leaving an excess of
receipts over expenditures of 81, 914, 453.-
sc. During the fiscal year, $40, $40. i67 .9S
were paid upon the public debt, which
had been reduced since March /, 1889,
1858, 076, $50, and the annual interest
charge decreased 81 ,6S4, $40. 80. The re-
celpts Of the government from all
sources during the fiscal yea ending
June 80. 1893, amounted to $46l, 7l6. SCI "a,
and It's expenditures to $i59, 374, SS7 90,
showing an excess OF receipts over eX-
.penditures of $2.34l ,674.29.
Since that time the receipts Of no fis-
cal year, and with but few exceptions
Of no month of any fiscal year. have ex-
the expenditures. The receipts
Of the government from all sources dur
.ng the fiscal yea ending June 30, 1894,
we're $372, 500, 49S, 90, and It's expenditures
S442, sos, 1887, leaving a deficit, the first
since the resumption Of specie pay
nents, OF 500, 500, go. SO. Notwithstand-
ng there was a decrease OF SIG, 769, 12S.7S
n the ordinary expenses of the govern
nent, as compared with the previous
iscal year, It's income was still not sur
icient to provide for its daily necessi-
and the gold reserve in The treas
Try for the resumption of greenbacks
drawn upon to meet them. But this
lid not suffice, and the government then
resorted to loans to replenish the re-
In February, 1894, $50, 000, 900 In
ponds were issued, and in November
following a second issue Of $50, 900, 900
was deemed necessary. The sum of
sil7, III ,795 was realized by the sale of
bonds, but the reserve was stead
ly decreased until, or February s, 1895,
, third sale of $50, 3l5. 400 In bonds, for
s65, 1i6, pa was announced to congress.
The receipts OF the government for
the fiscal year ending June 30, 1895,
were 1890, 373. 800. 80. and the expenditures
s433, IFS, 426. IS, showing a deficit OF $42,-
223.1S A further LOAF of 800, 900, 600
negotiated by the govern
ment in February, 1896, the
netting s1ll, 166, 246 and
the aggregate of bonds issued
three years 10 $685., 315, 400. For
the fiscal year ending June 30. 1896. the
revenues Of the government from all
amounted to $409, AIS. 4OS..- IS. Will.
It's expenditures were s4S4. 67S.6 Col. IS, or
IN excess of expenditures over receipts
IF s25. 2O3, PAS. 20. In other words, the total
for the three fiscal years ending
Tune 80. 1896. were insufficient 10y $751;
III 729. 46 To meet the total expenditures.
the first half of the present fiscal
year the receipts of the government. eX-
of postal revenues. were $751;
w '"Vos VIZ rs tApNIlAibtiNa' Y
elusive Of postal service, s195,410.-
'00.22, or an excess of expenditures
receipts OF $37. 902, 1896 AZ. In Janu-
airy OF this year the receipts, exclusive
postal revenues. We're $24, $40, 99i.t5
the expenditures. exclusive of pos
tai service. 800 69, $780, 90. a deficit az
1859 .S95.2 "a for the month. In February
II this year the receipts, exclusive of
postal revenue, were $24 400, 997 .3S AMI
expenditures, exclusive Of postal
$2S, 79s. 056,G6, a deficit of 1885,
)59.2S. or q total deficiency of s1S6, o6l,-
1904 for the three years and eight
ending March /. 1897. Not only
ire we without surplus in the treasury,
put with an increase in the public debt
has been n corresponding increase
n the annual interest charge from S22.-
1913, $500 in 1892, the lowest OF any year