The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1897-03-26
7 ll e ctails Attention & he - ct o.
1 No Tfeesary ana Az Csasrsss 10
\ GIVE It Prompt Consld sraAaeu-.-..i
~. Nsosasity Of the Passage U wv
ssss TaEaR Law wAieA sham Previass
Anaple revenue.
The Following is the presadent's mes

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presenting the remarkable spectacle of In
money to meet the ordinary OUTLAWS In
ctdent upon even an economical and pru-
dent administration OF the government.
An examination Of the subject discloses
this fact in every detail. and leads I'm
evitably to the conclusion that the condi-
tion Of the revenue which allows 1t is un-
justthable and should be corrected.
We find by the reports Of the secretary
OF the treasury that the revenues for the
fiscal year ending June 30, 1892, from all
sources. were $425. SOS. 26O.22. and the ex-
penditures for all purposes were $415, 053. :
sO6.66 leaving an excess Of receipts over
expenditures Of $0.914.45 68. During that
fiscal year $40.570. 587.9S were paid upon
the public debt, which had been reduced
since March !. 1880, $3.50. O76, 500. and the
annual interest charge decreased $11, esq.,
676.60 The receipts of the government
from all sources during the fiscal year
ending June 80, 1893. amounted to $481.-
7l6. 66l94. and its expenditures to $780,
S74,887.65. showing an excess of receipts
over expenditures Of 1924, 674.20. Since
tnat time the receipts of no fiscal year,
AND with but few exceptions of no month
OF any fiscal year, have exceeded the ex-
penditures. The receipts Of the govern
ment from all sources during the fiscal
year ending June 3d. 1894. were 1912. s02.-
$3.50 and its expenditures $40, COS ISL.
Leaving Deficit,
the first since the resumption Of specie
payment, Of $89. sos, 28O.5S. Notwith-
standing there was decrease Of $18 &c.,.
1878 In the ordinary expenses Of the
government, as compared with the previ-
GUS fiscal year. its income was still not
suhcient to provide for its daily neces-
stiles. and the gold reserve in the treas
ury for the redemption Of greenbacks
was drawn upon to meet them. But this
did not suffice, and the government then
resorted to loans to replenish the reserve.
In February. 1924, 100000 600 in bonds
were issued and in November following
second issue Of $50. 100000 was deemed
necessary. The. sum Of $117,171, 795 was
realized by the sale Of these bonds, but
the reserve was steadily decreased until
on Feb 6. 1906. third sale Of $62 315, 400
In bonds for $85. 1924 was announced to
congress. The receipts Of the govern
ment for the fiscal year. June 80, 1895.
were $3.50, 1913, 203. 80 and the expenditures
BIS. 42648. showing deficit of 49,.
SO0. 223.1S. "A further loan of 500 OOO, 600
was negotiated by the government in Feb
ruary, 1896. the sale netting &111 LEG, 24O,
ana swelling the aggregate OF bonds is
sued within the. three years to $685.
400. For the hscal. year. ending June 1ag
1606. the reyehuee of the goyefnnIt it
from Ill sources ko,a1at n I 70 eio0N76.-.
406. % while its expenditures were Sz84,.
.4S. or an excess Of expenditures
over receipts Of 80. 2o3, 245.7o. In other
words. the total receipts for the three
fiscal years ending June 3d. 1885, were in
sufiicient by $137. 81. 729.48 to meet the
total. expenditures. -. =
Nor has this condition since Improved.
For the first half Of the present fiscal
year the receipts Of the government, exc.
elusive Of postal revenues. were $157, 5O7.-5
ffQ S,A