The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1897-03-11
THE TREASURY DEFICIT,


treasury deficit keeps right Oil grow
ing at an unprecedented pace. For tn
seven months of the present fiscal yeai
this shortage, due to expenditures II
excess of receipts of money, Is nearl.
S44, 100000. The Republicans attribute
this to the present tariff law, and to TIT
Democrats who made that law. Blu
they pretend to forget that the defici
began under the late Mckinley law
and before the present administration
went into office.
No other reason has been general!
assigned by Congressional advocates
of the present banking or usurer ruiz
of our Government. Not a word VII
these advocates, who form the major
ity of Congress, listen to about the rea
cause of the deficit They at once frowr
upon and put their fingers to their lip.
to urge silence the moment another
Congressman tries to explain that this
poverty of resources is all the result OF
currency and bank loan contraction oi
the peoples money. They refuse to
listen to that for a moment, and desert
the Congressional floor the moment il
is broached in any seeming length.
Tariff! Tariff! Tariff! is all these
ignorant advocates will see, hear, OF
think of. Increase or decrease it, and
the problem is at once solved-to their
mind. They absolutely refuse to listen
to anything else; except, perhaps, the
rantings of the usurers belonging to
the administration, who are now re-
peatedly crying out that idiotic plea OF
'get the Government out Of the bank
ing business"
Well, suppose the tariff is increased
at once What will be the result? What
man can prove or party prove by any
known facts that this would help the
deficit to-day? 1t might or 1t might not.
1t is all guesswork. People might un-
der it import much less Of foreign
goods than they now import. If so,
where is the increased revenue to come
from? The chances are that they would
under it import less; because times are
getting harder, if anything; and people
cannot consume foreign goods so readily
in hard times rs in good times; hard
times means the consumption of larger
quantities of cheap goods, not expens-
i've, imported goods.
The issue is not raised here Of the ad-
vantages or disadvantages Of prOtec-
tion by means of tariff. The issue is,
"How to meet the treasury deficit"
The first way is to reduce expenditures
according to income. The next is to
impose internal taxes sufficient to meet
it. The third, and best, way is for this
Government to create business through
out the United States on large scale,
by means of putting the people in the
way Of getting money to carry such
business ON. That is the whole secret
of solvent treasury in nutshell.
There are statesmen in plenty in Con-
gress who understand, appreciate and
advocate this third plan; but, unfortu-
nately for the public's health, they are
in the minority, and the
country is now being ruled by a lot of
ignoramuses-not count
ing those who get rich by means of con-
tinued existence of hard times. The
people cannot do business without
When will the average law
maker get that A B c. fact into his
head? And when the business of the
people cannot be carried on, because of
no or limited means to carry it on, a
treasury deficit is necessarily a fore
gone conclusion, so long as expendi-
lures are not reduced to receipts.-Phil-
adelphia Item.
Revenue Needed, Not Taxation.
When the Mckinley tariff was con-
,Octed there was large surplus of
revenue, and one Of the proclaim
I'd purposes of legislation and ad-
was to stop the ac-
of the surplus. The
tariff did this only too effec
lively. What is wanted now is re-
-ersal of the process which went OH
lnder McKinleyism. The Government
wants more revenue and the country
wants. less taxation. 1t is not surplus
# $100,000,000 with which the Govern
nent has TO deal. but deficit of almost |
he same amount, and the new tariff.
o be successful, should be arranged
o bring in money, not to keep it out
Boston Post
Buying in the Cheapest Market.
Because the Carnegie company has |
,een enabled to sell steel rails to En-
lish railway companies at lower prices |
han they can be bought in England |
he purblind protectionists cry out, |
Now the English will be obliged to |
bandon free trader Instead of aban-
Ioning free trade the wise Englishmen
will abandon making steel rails when
hey can get them cheaper elsewhere.
hey will never be prevailed upon to
center that FOOLS paradise where men
Y taxing themselves.-Philade
tecord.
ssues On Which Democrats Can Unite.
There are living and important Ques
ons upon which Democrats are unit
d. A new tariff for bounties to monOp-
lies and protection to trusts is impend-
IL. Triumphant plutocracy is again to
it's resumption and extension
power at Washington. Billion-dollar
in the Government is
dopted and defended as n perpetual
olicy. With these and other pressing
uestiOns demanding united opposition
is no time for Democrats to take up
18th side issues or to be carried away
y fads.-New York World.
Far-reaching Effect of Trusts.
The real objection to trusts goes deep
r than prices. 1t is moral rather than
ronomic. 1t is public rather than pri-
atp The charge has bopn made and