The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1897-03-19
M'KINLEY'S MESSAGE.
President Urges Upon Congress tho
Need for More Revenue.
He Declares That the Recent Deficits Are
Alarming and Existing Conditions
Should BE Corrected-Tarin Bill
Should Take Precedence.

dent Yesterday sent the fo1loxyino mas
S,na 70 oonrress.
IS W.
10 the congress OF the United states:
hesrettihe the necessity "nlch mas required
ue W eau sou 'osether' ieel tnat your assem-
ping IN extraordinary session Is indispensable
because OF tne conoltlon In whlch we nnd the
revenues OF the government IL is conceded
That Its current expenditures are greater than
i's receipts ana that such condition has eX-
steu lof NO" nore three years
Win unlimited means at our command we
are presenting the remarkable spectacle OF in
credslHS our puoIlc ueot pS borrowing money
70 meet the ordinary outlays incident upon even
an economical ana prudent administration OF
the government An examination OF the sub
lect oscloses TINS 1act In every detail and leads
ineVtaoly 10 the conclusion that the condition
OF the revenue which allows 1t is uniuStifable
ana snouIo De corrected
we ma by the reports OF the secretary of the
treasury 1nat the revenues Tor the fiscal year
enoed June ~, lss2, from all sources were sfao,-
500 ~. ana expenditures Tor all sources were
s4lo'soo ooo.oo leaving an excess OF receipts over
expenditures OF sssl4' 43a66 During that fiscal
year s4O, $40 80 were paid on the public debt.
whlch mad been reduced since March !. 1889.
s2o9'Uoe 9o ana the annual interest charge de-
creased I'll ,o'o6o
Inc receipts OF the government from all
sources during the fiscal year ending June 80.
1875 amounted to S46l, 1l6.o6lsi and its eXpendi-
lures 10 s7os'o'4oo!oo, showing an excess OF re-
celpts over expenditures OF S254l.6'4.29. Since
Cnat time the receipts OF no hscal year. and
WIN out 1ew exceptions OF no month OF any
install year, nave exceeded the expenditures
Inc receipts or the government from all
sources during the fiscal year ended June 30,
1884 were s3'2SO2, s29 and its expenditures
oi7zooo 'oaS1, leaving deficit the first since
the resumption OF specie payments, of 800, sO3-
26aos Notwithstanding there was decrease
OF DO 'o9 l2S 70 IN the ordinary expenses of the
government, as compared with the previous
nScal year, It's income was still not sufficient to
provide for its daily necessities and the gold re-
serve In the treasury for the redemption of
greenDackS was drawn on to meet them. But
this did not suffice, and the government then re-
sorted to loans to replenish the reserve In Feb
rnary 1871 s5O,UOOOO in bonds were issued and in
November Following second issue OF $50 100000
was deemed necessary. The sum of Sll7171.795
was realized by the sale of these bonds, but the
reserve was steadily decreased until Feb
ruary 3. 1893 third sale Of So, 3lo 400 in bonds
for S65, l16, pa was announced to congress. The
receipts OF the government for the fiscal year
ending June 80, 1895. $500 1913, 203 80 and
the expenditures S433, LIS, 4S, showing 4 de-
hc1t OF Si2, SO5,213lS
further loan OF 800, 900 900 was negotiated
by the government in February. 1895. the sale
netting Sill. 1866 24S, and swelling the aggregate
OF bonds issued within three years to 1862 Bis
4O
For the fiscal year ended June go 1895. the
revenues OF the government from all sources
amounted to S4O9 475. 4OS 49, while its expendi-
lures were S434 ,67S, 6544s. or an excess of ex-
penditureS over receipts of S25 203, PAS 90 In
other words, the total receipts for the three
fiscal years ended June 80, 1895 were insufficient
by 81 81, 729 46 to meet the total expenditures
Nor has this condition since improved. From
the first half OF the present fiscal year, the re-
ceipts of the government exclusive of postal
revenues were sl57, o07 COB 76 and its expendi-
lures exclusive of postal service S195,2100 0022
or an excess of expenditures over receipts of
&51, w, Ss6 46 In January Of this year the re-
ceipts exclusive of postal revenues were S24,-
316994 Oo and the expenditures exclusive of
postal services $50 269 3s9 30 deficit of IS, 952
59o.24 Tor the month
In FEBRUARY OF this year the receipts exclu
slve OF postal revenue were s2f4GO 1913. and
expenditures exclusive OF postal service S2s,-
,so,ooooo, uenclt OF S4.3S9Ooa2Si or n total e
denclency OF sls5,o5l ooe14 for the three years
ana eight months ending March !, 1897. Not
ohiS are we without surplus IN the treasury.
pu' win an ihcrease III the puphc uept there
uai interest charge from 'e9a oo"2 ~ IN lo'-
Wv. ,n do"esS vi an! year since 800, 10 s5i
-'..oo III 1880 OF an increase OF sll ,il44o
IL may De urged that even II the revenues of
.he government hao oeen sumclent to meet al!
us ordinary expenses during the past three
wears. .he soiu reserve would still nave been
hSuiheieht 10 meet the demands on II and that
DonoS Would necessarily nave been issued for