The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1897-03-31
Extra Session Of United States
CONGRESS Now at Work.
M'KIhLEY'S SHORT MESSAGE
Sugar Schedule Provides
For Hawaii.
Big Appropriation Bills Passed.
Ambassadors APP
pointed.
SHORT MESSAGE

WASHINGTON, March 10. - The
President today sent the following mes
sage TO Congress:
''To the Senate and House of Repre-
sentatives: Regretting the necessity
which has required me to call you to-
gether, 1 feel your assembling in extra
ordinary session is indispensable be-
cause of the condition in which we find
| the revenue of the Government. It is
| conceded that its current expenditures
| are greater than its receipts, and that
such condition has existed now more
| than three years. With unlimited
means at your command we are pre-
| senting the remarkable spectacle of
| increasing our public debt by borrow
ing money to meet ordinary OUTLAWS
| incident upon even an economical and
| prudent administration of the Gov
| eminent.
can examination of the subject dis
closes this fact in every detail and
leads inevitably to the conclusion that
the revenue law which allows it is
unjustifiable and should be corrected"
The President then reviews the va
rious Treasury reports in detail, con-
Guiding with: I'm other words the
total receipts of the three fiscal years
ending June 80, 1896. were insufficient
by S137, 81 ,729.46 to meet the total ex-
penditures.
Nor has this condition since i'm
proved. For the first half of the pres
ent fiscal year the receipts of the Gov
eminent, exclusive of postal revenues
were $157, 507 .603.76, and the expen-
ditures. exclusive of the postal service,
1896, 410, 000.19, or an excess of expendi-
lures over receipts of s37, 1902 ,396.46. In
January of this year the receipts. ex-
elusive of postal revenues, were S24,-
400,997.3S. and the expenditures, ex-
elusive of the postal service. $2S 1856
056.66, a deficit of $4.395. O53. %. or a
total deficit of s1S6, OO3, 5SO.44 for the
three years and eight months ending
March 1, 1897
mot only are we without a surplus
in the treasury, but-with the increase
of the public debt there has been a |
corresponding increase of the annual |
interest charge from s22 1893, $500 in !
1892, the lowest of any year since |
1862, to $34, 1877. 297. go in 1896. or an in
crease of 81. 493 ,41440.
ct may be urged that even if the |
revenue of the Government had been
sufficient to meet all its ordinary ex-
penses during the past three years,
the gold reserve would still have been
insufficient to meet the demands made
upon it. and that bonds necessarily
have been issued for it's repletion.
''Be this as it may, it is clearly mani
fest, without denying or affirming the
correctness of such a conclusion, that
the debt would have been decreased
in at least that amount and business
immeasurably strengthened
throughout the country
Congress should promptly correct
existing conditions. Ample revenues
must be supplied, not only for the
ordinary expenses of the Government
but for the prompt payment of liberal
pensions and the liquidation of prin-
cipal and interest of the public debt
I'm raising revenues duties should
be so levied upon foreign products as
preserve the home market as far as
possible to our producers. revive and
increase manufactures. to revive and
agriculture; to increase our
domestic and foreign commerce: to aid
md develop mining and building. and
70 render to labor in every field of
useful occupation liberal wages and [
hose adequate rewards to which skill I
md industry are justly entitled
1.-THE necessity of the passage of a
ariff law which shall provide ample
'evenue need not be further urged. | :
The imperative demand of the hour is !
he prompt enactment of such a meas
ire, and to this object I earnestly rec |
Congress shall make every
ndeavoT
Before other business is transacted. ! =
ct US first provide sufficient revenue y
o faithfully administer the Govern z
nent without contracting disturbance
f our finances.
WILLIAM M'KINLEY." -