The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-03-26
WKINLEY'S MESSAGE.
ra President Sends His First
communication to Congress-
-. Document Deal. Wholly with stssi~
,ie. About the Deficit tn the Rev =,
enues No Reference Made 10
Soreign Questions.
WASHINGTON. March 1.-THE presi-
s,nt sent the following message To con-

W.snIseToS. March 15.-The presi-
Am, sent the following message to con-
gre>s'
RI THE Co>GREss or THE UNITED STATES:
,yr.ttlng the necessity which has req uircd mo
,@..ll YOU together 1 feel that your assembling
!, axtrAorlsnary session Is Indispensable. be-
NC ~ the condition In which We lind tho
,a,euues Of the government IL Is conceded
~, is current expenditures are greater than
n, receipts and that such condition has ex-
&C. ,or nos more than three years
with unlimited means at our command We
a.. presenting the remarkable spectacle Of in
e,a....n. our public debt by borrowing money 10
nj tie culinary outlays incident upon even
~ economical and prudent administration 81
- government An examination o. the sub
,..t aiscioses this fact in every detail and leads
i..ritabiy 10 the conclusion that the condition
=, the revenue which allows IL is unlustlnabls
AZ should BE- corrects-l-
We ana By the reports Of the secretary Of the
treasury that the revenues for the fiscal year
ending June ~. l-S1 from all sources were ss2s.
~ ~ - and the expenditures for all purposes
we're sfIa.ssS. etda5 leaving excess u re-
es!uts over expenditures Of ss.4iit 13od Dur
t. that fiscal year ssO.5.O.ios-s, were
aid upon the public debt, which Ind
i-~a reduced since March l. Isss. ssay.-
or 80 and the annual interest charge
decreased sll. 5si5 76-5O. The receipts Of ths
government from all sources during the fiscal
year ending June 80. 1903 amounted 10 SOL. 49,
s6 - and its expenditures 10 $50 s.icssc5.
showing an excess of receipts over expendi-
lures OF =. SAL s+2s
since that time the receipts OF no fiscal year
aud with but few exceptions Of no month Of any
fiscal year. have exceeded the espendi-
lures The receipts Of the government. from all
sources during the fiscal year ending June 3D.
i-ss were sSse. so, ~ and its expenditures
t.ie. 90 s5sss leaving deficit. the hrst since tho
resumption Of specie payments. OF SO s03. oslos
Notwithstanding there n decrease Of slo.-
81. Ies.-s In the culinary expenses Of she gov
eriInent Is compared with the previous fiscal
rear its income was still not sufficient
u provide for its daily necessities, and The gold
reserve n the treasury for the redemption Of
sreenbaeks was drawn upon 10 meet them But
this did not suffice. and the government then
resorted TO loans TO replenish the reserve.
IL February 1904 ssO.UJvoc in bonds were Is
sued and In November following second issue
9. :lO.V0.y0 was deemed necessary. The sum
q. slls. 10 was realized by the sale
q these bonds. but the reserve vas
st.s-lly decreased until. on February .
i,.5 third sale o, 20. 500 in bonds for sds
lld.s84 was announced 20 congress- The receipts
q ;Ac government for the fiscal year ending
June ~ 1880 wcre $50 SO 20e ~ and the expend-
.fgre- ,Ep. la 500, showing deficit ~ ts2.-
sl--tls- \ further loan 81 sitocOu0Oo WA
rt.otiaied by the government: IL February ies5
;e sale netting :iil lta.sse anu swelling the az
create @. bonds issued within three years &c
si- sl5 al
Tcs the fiscal year ending June 81. lse6. the
revenues @. tine government from al sources
tr.o1uisd 10 sHp.4.s. ~. - while its expendi-
tlre~ were si3sosec,-s 4. or IN excess o. az
yuiitIrss over rereipls % ss5.sJ22sA-s0 Ia
,rl.r Noras. the total receipts for the three
l~aal ycaFs ending june ~. I-sd. we're lnsrf-
t.a-; oy slSs .silses- 10 10 meet the total ex-
itldltnres.
Nor has this condition since improved Foi
tie first half OF the present flscal year. the re-
c..pts Of the government exclusive OF postal
revenues were sl5s. sol. tD0 %. and it, cxpend-
Aurcs. exclusive o. postal services. sls5.sio.-
1'A2.. or an excess Of Expenditure over receipts
O. 81 .tJ2.3.6 ID
In January. Of this year. the receipts exciu-
slve II postal revenues were te43l6 .-ssO6. anc
the expenditures exclusive Of postal services
ksD.ecs. sss.cs. q dehcit OF 50 80. SS.2s for The
month
In February Of this year the receipts exclu-
sive Of postal revenue were 81 100 -. anc
expenditures exclusive OF postal service
eS-..so.0s5od. deficit Of A-sso.Oos2s;
or total deficiency Of SID. COL SO ~ for the
three years and eight months ending March l.
l-ss- Not only are w- without u surplus in the
treasury but with an increase in the public
eent there has been a corresponding increase In
The annual interest charge from s2 -s3. so ~ &c
I've. the lowest Of any year since isc2 70 "a
S-y. % In l-sr. or Increase OF I'll. 3+3. sli ~
II may be urged that even II the revenues of
= government had been sufficient to meet all
= ordinary expenses during the past three
Tears the gold reserve would still have been in
s-rcient TO meet the demands upon il. and that
t1afs would necessarily have been ISSUED for
u, repetition BE this as II mag. IL = clearly
nAn..est. without denying or affirming the cor
rertness 81 such conclusion. that the debt
would have been decreased in az least the
amount Of the deficiency and business con-
f-ence UNNECESSARILY strengthened througho VI
tie country.
Congress should promptly correct the existing
coalitions Ample revenues must be supplied
roi only for the ordinary expenses Of
lie government but for the prompt
payment of liberal pensions and the
Liquidation of the principal and interest
o. the public debt In raising revenues. duties
Should be 50 levied upon foreign products Is to
preserve the home market. far possible.
y our own producers. to revive and increase
Manufactures: 20 relieve and encourage agri-
culture: TO increase our domestic and for
e.sn commerce; to aid and develop mining
All building; and to render labor In every field
q useful occupation the liberal wages and ate
euAte rewards 10 which skill and industry are
Justly entitled The necessity OF the passage u
stsTii law which shall provide ample revenue
ies-l not be further urged The imperative de-
nAnd % the hour Is the prompt enactment Of
such measure and to this object earnestly
Recommend that congress shall make every en-
deavor.
Before other business IS transacted. let u
Irst provide sufficient revenue 70 faithfully adj
minister the government without the contract
r. % further debt. or the continued disturb
sAec % our finances
WILLIAM MCKINLEY.
Executive Mansion. March Is. 1897.
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