Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1897-03-24
M'KlNLEY'S MESSAGE.
The Expenditures of the Government
Are Greater Than the Receipts.
Congress - Asked to Promptly Correct
tho EN.stiuE Coudition-Ampie Row
snur dust Be supplied to Meet or
binary Expenses.

N'ihfg Alpfhof-
wAsHISc-oN. March 10 - Tae president
money sout the following message ~ con-
gress.
10 t-e Congress OF the United States: Re-
grettlur the necessity which nns required me
70 call sou together fe,i that your assem-
bling i- cNtraordinlrs session Is IuIisrcus.
able, because OF the condition in wllca We
find trc revenues Of the royerurc.. il T..
conceded that its current expenditure are
greater tn-n is recc! pts. and that
such q condition has existed now for
three Years with unlimited means
At our command. we are presenting the re-
mlratb.o spectacle o. increasing our public
GeDt p5 borrowing money TO meet the ordin-
cry OUTLAWS Incident upon even an economical!
and prudent administration OF the govern
inent An examination Of the subject dis
closes this fact in every &C. tail aud leads incy-
itsbly 10 the conclusion that she condition OF
the revenue which allows - Is uujusuaGble
and should be corrected.
We ind b. toe reports OF the secretary OF
the treasury that the revenues for the fiscal
year ending June %. isys from all sources.
was $40 30 -1J -, and the expenditures for
al purposes were cil5. 90. SOC 81. &c wing an
excess % receipts over expenditures OF 80
RlfSj3 90 During the fiscal year 3fO.a70 iG7 ~
were paid upon the public debt. which had
been reduced SINGS March I. 1883. $50 O76 500
aud tho annual interest charge decreased
sllC-i.55C % The receipts uf the gov
eminent from all sources during
the fiscal year ending June 30 1873.
amounted 20 sIsl7iG Sol 90 and It's expendi-
cures OF - 3il, ga Since that time the re-
ceipts Of no fiscal year. aud with but few ex-
eeptions OF no month OF any fiscal yel- have
exceeded the exp tudltures. The receipts of
the government from ali sources during tue
fiscal year ending June -. 1884, were So. sJ5 .
W. - and its expenditures sii.. Cl- 15s 81
leaving deficit the hr,t since she re-
sumption % specie Payments. OF o. -Oi2il52
Notw outstanding there was "A decrease or
sl6.'Cy, ISIS In the ordinary expenses % tho
government as compared with the previous
fiscal year, 10 income was still not sufficient
TO provide for its daily necessities and Ina.
gold reserve in the treasury for the -clc.1r,-
;iou OF greeubacks was drawn upon to meet
them But this did not suffice. uudg he govern
ment then rcsorted To loa1s 10 .eplen.sa tho
reserve
In February, sos. 100000 in bond were
ISSUED. and in November following - second
issue Of .'tNJlOJD wss deemed necc-s.t-..
Tho sum af sll7I7L-95 vas realized by tal
sale Of tn" bonds, but tie reserve w4-
steadily decreased until Oh February = is s. ,
a third sale ~ 1913 j.iJJ lE bonds FOR .GjII5-
"a was announced TO Congress.
The receipt OF the government g1- tho ns-
cal year ending June 3. 1sJa. Usrc so T.
-1A" ana tho expenditures 5l3s 45s,i15 -
sEowir. a GetcIt OF sI.Sl5.g-sl & further
loan OF 3iOOpmOJJ was NEGOTIATED b. the COY.
er41cEt IN frbruar;, 1898 the sale ue.tlu.
SIH.lt',i5 ana swelling The aggrcgate OF
bonds issued within three years 10 ser s!5-
$40 For the fiscal year ending June 50. 1873.
the revenues OF the government from AN
sources amounted TO $40 $40 4US sS while its
expenditures were sBIG1sGH 4s or an
excess o; expenditures over receipts
OF SIS .c45 ~ In other word
the total receipts FOR the three fiscal wears
ending June 30 lSJG were insufficient by sls7
SlI'-Si5 20 meet the total expenditures NOT
n"s this condition since improved. For tho
hr7t ha.t OF the present fiscal year. the re-
cctpta OF tne government, exclusive o. postal
revenues We're eI5',5)1, G0i7j and its exp.nCf-
lures exclusive OF postal service SIgj.4iJ OyO y,
or AN excess OF expenditures over rec eipts o:
S31. gJ2. $50 &C.
In January Of this year the receipts. cxclu-
slVe of postl! revenues. were S.4SI6 qgiO5 and
the expenditures, exclusive OF postal service
go 2t9 ,sJ %. deficit OF 3 g52 ag5 q for the
month. In February OF this year tn, recent.
exclusive Of postal revenue. wero s2L4JoeQ5 r.
ana the expenditures. exclusive OF DOS.
tai service s2o7J6,J5j 0j. a deficit OF
: ,'"'''O y - or total deficiency
ana eight months ending March l. 1897
Not only are We without surplus in .hc
treasury, bus with an increase in the public
Ccot tlere mas been CORE spending Inrrcu,e
IA INC "hHla! Interest charge from s..s7
= 20 IN 1872 the lowest OF any wear since fSi,
TO 3A.3s7295 CO in 1895 or an Increase OF Sill
50 al 80
IL ma be u--od that even Il tho revenues OF
tho govcrnr CIT had been sufficient to meet
All It's ordinary expenses during the past
tnrec years the gold reserve would still
have been insufficient; TO meet tho de-
mands upon IL, and that bonds would
necessarily have been issued for its repetition.
lie this aS 10 may, it is clearly manifest, with.
ont ceuriuc or Affirming the correctness OF
such "a con. fusion. that the debt would have
ucea Occrca scc in at least the amount OF the
detcleicy and business confidence immcas-
urabiy sircrrtnencd throughout the country
Congress should promptly correct the exist
ing coEdltloh Ample revenue must be sup
pied not only for the ordinary expenses OF
the Tovcrnmcnt. but for the prompt payment
the principal and interest OF the DuYlic debt
In raising revenues. duties should oc so levied
upon foreign products as to preserve the
home market so far as possible 20 our own
producers. 90 revive and Increase mauufac-
lures. 10 relieve and encourage aCriculturs.
TO Increase our foreign ana domesti, COM
mcrce' 20 olf ana develop mining and building
ana 70 render 10 labor in every field OF useful
occupation the liberal wages and adcuu ate re-
wards 10 which skill! and industry are Justly
emitted. The necessity OF the passage OF a
tIriH law which shall provide ample revenue
heed not ne further urged The irnper-
ative demand OF the hour is the
prompt enactment OF such q measure
ana TO this object earnestly
reto'nmend that congress shall make every
ehne4vor Before other business IL trau4-
acted let MS h-st provide Sufficient revenue to
! -llA. WY adinlrister the government without
the contracting Oi further dent or tho con-
LECcd disturbance @, our finances
WILLIAM MgTliNIzY
Executive Mansion. M.-ra d. .eI.