The citizen. (Frederick City, Md.) 1895-1923, 1897-03-19
MESSACE DISCUSSED
Views on President McKinley's
First Communication to Congress.
IT NETS WITH GENERAL APPROVAL
Senator Hanna Said 1t Was Short, Sharp
and to the Point - Some Ex-
pected Reference to the
Foreign Questions.

Washington, March 16.-President
McKinley's first message meets with
approval in republican ranks, but
there was some disappointment in the
omission of all reference to foreign
questions. Mr.. Hanna said it was
short, sharp and to the point, dealing
only with the subjects which Mr.. Nc
Kinley believed should come before
this session. Mr.. Lodge character
lied it as an excellent presentation of
the tariff subject reinforced by just
sufficient figures to make the argu-
ments convincing. Mr.. Proctor con-
sidered it typical republican message
on the one point to which the president
drew public attention. The following
is the full text of the document:
Condition of the Revenues UnjustifiabIe.
To the Congress of the United States
-Regretting the necessity which has
required me to call you together, feel
that your assembling 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 it's receipts and that such
a condition has existed for now more
than three years. With unlimited
means at our command, we are pre-
senting the remarkable spectacle of in
creasing our public debt by borrowing
money to meet the ordinary OUTLAWS in
cident upon even an economical and
prudent administration of the govern
ment. An examination of the subject
discloses this fact in every detail and
leads inevitably to the conclusion that
the condition of the revenues which al
lows it is unjustifiable and should be
corrected. We find by the reports of
the secretary of the treasury that the
revenues for the fiscal year ending
June 80, 1892, from all sources
were $425, 1868, 260.22 and the ex-
penditures for all purposes were
1858, S06. So, leaving an excess
of receipts over expenditures of S9,914,-
1896. During that fiscal year $40,-
$40, 4679s were paid upon the public
March l, $50, $3.50, ORG, 800, and the an
nual interest charge decreased SILL
6s4, $40 60. The receipts of the gov
eminent from all sources during the
fiscal year ending June 30, 1893,
amounted to $461. ZIG, 561.94 and it's
expenditures to $3.50, 374, sS7.65, show
ing an excess of receipts over expendi-
lures of 81, BAL, 674.29. Since that time
the receipts of no fiscal year, and with
but few exceptions of no month
of any fiscal year, have ex-
ceeded the expenditures. The receipts
of the government from all sources
during the fiscal year ending June 80,
1894. were $372. S02, 49S.29, and its ex-
penditures 442,6O5, 1887, leaving a
deficit, the first since the resumption
of specie payments, of 500, SO3, 260. So.
Notwithstanding there was decrease
of SIG, 1859, l2S.7s in the ordinary ex-
penses of the government, as compared
with the previous fiscal year, its in
come was still not sufficient to provide
for it's daily necessities and the gold
reserve in the treasury for the redemp-
ton of greenbaclSs was drawn upon to
meet them. But this did not suffice
and the government then resorted to
loans to replenish the reserve.
Not Enough Revenue.
In February, 1894, $50, 100000 in
bonds were issued, and in November
following second issue of $50,OO0,0O0
was deemed necessary. The sum OF
S117, 795 was realized by the sale OF
these bonds, but the reserve was
steadily decreased until on February s,
1895, third sale of So, 315, 400 in bonds
for sos, 116,2 PA, was announced to con-