Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1897-04-01

Washington, March l6.-Ih he picsi-
der Monday sent the following mes
sage 10 congress;
ITO the Congress Of the United States:
'Regretting the necessity which has re-
quired me TO can you together, J feel thdt
your assembling 10 extraordinary session
is Indispensable because of The condition
IN which we ind the revenues of the goy-
eminent. Il is conCe4ed that its current
expenditure are greater taan us receipts.
and that such a condition has existed tor
now more shan three years. &ith unllmit-
ca means at Our command. we are pre-
sentlug the remarkable spectacle "a IN
creasiug our public debt ~ borrowing
money 10 meet tile ordinary OUTLAWS incl
dent upon even an economical HHu pru-
Ueut administration Vt the government.
An examination 81 the subject discusses
this FACT in every detail and leads n-
cvitably 10 this conclusion that tine con-
aition az The revenue which allows Il ID
Cn1ustItaDie ana should bc corrected.
We Hnd 10y the reports OF the secretary
Of the treasury that The revenues for the
fiscal year ending June -, .s92, from all
sources, were sA-3, sos .Z01ZZ, and the eX-
peudItures for ali purposes were Sll5.g59.
eg0.Jb, leaving - excess Of receipts over eN-
penditures Of s., gli, 455. %. During that fiscal
year 5000. 4675s We're paid upon the public
deDt, which mad been reduced since March
]. 1889, S23J.Ol6.s3O, ana the annual interest
charge decreased 81. G3i, SIC Co. The receipts
Of the government from all sources dur
ing the fiscal year ending June 80 1888,
amounted 10 $46l,IG 5Gl.9i and its expend-
lures 10 si5y.S13.s51 %. showing an excess OF
receipts over expenditures OF s2.34i. 142J.
Since that time the receipts OF no fiscal
year, and with but few exceptions or no
month of any fiscal year. have exceeded
the expenditures. The receipts Of t:ie gov
eminent, from all sources, during the fis-
cal year ending June 80, 1884. were s3iZ.-
k02. 49S. 90 and its expenditures SAP Cos, IFS
81, leaving a deficit, the first since the re-
sumption OF specie pa ments. OF S6y oU3, 24053
Notwithstanding there was decrease Of
SIC. 7G9. l2s Is ia tie ordinary expenses OF the
government as cotnpqrad Win rho ureyt-
GUS fiscal year. Its income was still not
sufficient to provide tor its daily uecessi-
ties, ana the gold reserve iii the treasury for
the REDEMPTION or preenbaclSs was drawn
anon to meet Them F{tlt thfs df1 nnt silffca
and the rovtrr3frant tber, rasnrt.d N loans
10 repIant.h tbe ressr,a
"Tn Frehrllarv 1904 S-0 ma aOo i,, bon4a
were issued. and III November following
second issue ~ sj0 oHi u,Yl nh / deemed tfrs
sorry. Tba sun, 81 ,il7 7g5 yyae rsaltza5
~ the sale 81 these bonds. but tbe reserve
was steadily decreased uutU on February
T. ISIS. a thtrd sale or si2 b IUl in bonds TOR
S1s.Il6.-8i was announced to congress
rhe 1portY Def.tts
.-rt ,
'9 - t.te eDNeti'lH eii1 go. tHe
a. e. s s. 1919 ,.s p. 'e.9' !" eIs -
.s1'-5.'s5 80 'iie sNi'e''.' ~ 80 -,
800 80 f.t'7 q ~ 90 1900 -. -
- Ai4st .3s'H 81 sLV''Nip'pvV was heIotiats"
i.'. ~. ~ a gu ''al 49, tt'S
- -etAi' 90 4'iN''-''' anu SE St'i4ta tie
hsstesdts D"uiS l5sueu "Ithih ttf@e
Ss@t7 - -'-'9t'' % ~ 'ne h9e"1 yeaI
ehaiHE June ~. 1877; A1e revenues or the
toFeLutlltnt from dii sources amounted 70
80 59N. - Wtiie IT'S expenditures were
= 't'a '9''9t p, ~ an SAesss ~ eApehult s.
over 4ee5+Pts pi s-''-o9'zto.iV- IN otheT
MoftS' the lotal Fgcelpis lot the three
D.