The Flagstaff sun-democrat. [volume] (Flagstaff, Ariz.) 1896-1897, 1897-03-25
HIS FIRST MESSAGE.
President Mckinley Urges Com
gress to Pass Tariff Bill
oays tho Depleted Treasury IL sorely In
Need of the Relief Which Revenue
Legislation VIII Anord-!The In
creasing Debt Alarming.

creasAn8 DoDt Alarming.
WASHINGTON, March 16.-The presi.
dent yesterday sent the following mes
sage to congress:
10 the Congress of tho United States:
Regretting the necessity which has required
no 70 call you together. I feel that your assem-.
bling In extraordinary session Is indispensable
because Of the condition In which we find the
revenues Of the government 1t is conceded
that its current expenditures are greater than
tt receipts and that such Q condition has ex-
listed for now more three years
With unlimited means ut our command We
Gro presenting the remarkable spectacle Of In
creasing our public debt by borrowing money
70 meet the ordinary OUTLAWS incident upon even
IN economical and prudent administration Of
the government An examination Of the sub
3ect discloses this fact In every detail and leads
Inevitably to the conclusion that the condition
Of the revenue which allows 1t Is unjustifable
and should be corrected
We ind by the reports Of the secretary Of the
treasury that the revenues for the fiscal year
ended Juno so, 1892, from all sources were S425 :
oo6. 2d02s and expenditures for all sources were
GALS oSS 500 So leaving an excess of receipts over
expenditures OF s9,914 1896. During that fiscal
year e40, $40, 4679s were pnid on the public debt
which had been reduced since March I, 1889
oc5e, 0o, 800, and the annual interest charge de-
creased Oh. os457660
The receipts Of the government from all
sources during the fiscal year ending June 30,
iS0o amounted to si6i 7i6 SOL "a and its expendi-
lures to $3.50 314 SI6o, showing an excess of re-
oeipts over expenditures OF g. 81, 674. 90 Since
that time the receipts Of no fiscal year, and
with but few exceptions Of no month OF any
fiscal year, have exceeded the expenditures
Tho receipts Of the government from all
sources during the fiscal year ended June 30,
1894 were 67s. 802, % and its expenditures
80, COS, 758s7 leaving deficit, the first since
tho resumption Of specie payments. Of 900 $685.
eoob6 Notwithstanding there was O decrease
OF SO TO- i2s IS in the ordinary expenses of the
government, Us compared with the previous
nsoal year. its income was still not suficient to
provide Tor Its daily necessities and the gold re-
serve In the treasury for the redemption of
grecnoscks was drawn on to meet them Bus
shts did not srfhcc, and the government then re-
sorted to loans to replenish the reserve. In Feb
Suary 1904 80 900 600 In bonds were issued and in
November following q second issue Of $50 900. 900
vas deemed necessary. The sum Of sil7 III, 7g5
Vas realized by the sale Of these bonds, but the
reserve was steadily decreased antil on Feb
suary Q, is9a third sale Of ssa 3i5 400 in bonds
Tor ~. 10 2A was announced to congress- Tho
receipts Of the government for the fiscal year
ending June 30. 1898. were $500 81 3. Goa 80 and
ehe expenditures A33, i7s, 4sa4s, showing de-
Acit of &C. so,saiS
further loan Of 800. coo 900 was negotiated
BY the government In February, 1895. the sale
netting Sill. 1876 2i6. and swelling the aggregate
Of bonds issued within three years to a262 3l5,-
600
For the fiscal year ended June 30 1898, the
revenues Of the government from all sources
amounted TO 500 475, 4os 49, while its expendi.
lures were s43i, 67s, do44s. or IN excess Of ex-
Denditures over receipts OF Se5 EOS A70 In
other words the total receipts for the three
fiscal years ended June 30. 1893 wore insufficient
BY Sl78ii, I'D 40 to meet the total expenditures
Nor has this condition since improved. From
the nrst half OF the present fiscal year, the re-
eeipts Of the government. exclusive Of postal
fovenues were sis7, s07, Goa 20 and its expendi-
cures exclusive Of postal service sos 210 900 y
or an excess OF expenditures over receipts OF
81, o0e, D6n In January OF this year the re-
eeipts exclusive Of postal revenues were SEA-
sio,se40 ana the expenditures exclusive Of
postal services $50 200 .sssa. deficit of sSoSa.-
So024 for the month.
In February Of this year the receipts exclu
sfve OF postal revenue were "a 4oO, 097 80, and
expenditures exclusive OF postal service $28,-
vso0A0. dencit Of ~. 3s5 059 %; or q total
Aencicncy OF ASs.ooi ,bso.4i for the three years
and eight months ending March 1. 1897. Not
only are NO without surplus in the treasury. |
nut with an Increase In the public debt there |
mas been corresponding increase In the an |
nual interest charge from e22 500 $50 20 In 1892,
me lowest OF any year since 1862 to 81 3s7,- |
s10 In isSoI or On increase of I'll, <03, 4iA40
IL may De urged that even II the revenues Of /
Ne government had been suficient to meet all |
NJ ordinary expenses during the past three
yeers. the gold reserve would still have been /
lnsufscient to meet the demands on It ana that /
bonds would necessarily have been issued for
p repietion. Be this as II may 1t Is clearly
nanifcst Without denying or afnrming the COR
Fscfness OF such o conclusion, that the debt
you'd. have been decreased In ut least the
OF the deficiency, and business conf
,ence UNNECESSARILY strengthened throughout
he country.
Congress should promptly correo: the exist
ng conditions Ample revenues must be sup
'lied not only for the ordinary expenses Of the
ovcrnment, but for the prompt payment OF |
Ibcrai pensions and the liquidation OF tho
rincipai and interest Of the public debt.
raising revenues, duties should b
o levied upon foreign products as
preserve the homo market. so far as possible,
. our own producers: to revive and Increase
to relieve and encourage agricul.
nrc; 70 increase our domestic and foreign com.
'erce; TO aid and develop mining and building.
nd to render to labor in every
cid Of useful occupation. tho liberal wages and
deQuats rewards 10 which skill and industry
~ Justly entitled The necessity Of the pas
Ago Of . tariff law which shall provide ample
sveuue. need not be further urged. The
Imperative demand Of the hour Is the prompt
OF such Q measure, and TO this
b1cct earnestly recommend that congress
hall mako every endeavor. Before other bus.
less In transacted, let us first provide suficient
,venuc TO faithfully administer tho govern
lent without the contracting Of further debt
) tho continued disturbance OF our.hnancea
WILLIAM MCKINLEY.
Executive Mansion, March Is, 1897
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BAD ON RAIL TRAFFIC.,