Courier Democrat. (Langdon, N.D.) 1891-1920, 1897-03-25
SAID TO CONGRESS
PRESIDENT M'KINLEY'S MESSAGE to-
THE LAWMAKERS.
He Calls Attention to the Deficit In
the Treasury and AXIS Congress to
Give 1t Prompt Consideration-
Necessity of the Passage of u
Tariff Law Which Shall Provide
Ample Revenue.

Tariff Law Which Shall Provide
Ample Revenue.
The following is the presidents mes
sage in full:
To the congress of the United States:
Regretting the necessity which has re-
quired 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 gov
eminent It is conceded that its current
expenditures are greater than its receipts,
and that such condition has existed for
now more than three years. With un-
limited means at our command, we are
presenting the remarkable spectacle of in
creasfng our public debt by borrowing,
money to meet the ordinary OUTLAWS in.
cideMt upon even an economical and pru--
dent administration of the government.
An examination Of the subject discloses'
this fact in every detail, and leads in
evitaDly to the conclusion that the condi-
ton of the revenue which allows it is I'M
justi1iab1e 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, ses, 200 %, and the ex-
penditures for al purposes were $415, $685.
.56 leaving an excess of receipts over
expenditures of 80 914, 45366. During that
fiscal year $40,5T0 567.9S were paid upon
the public debt, which had been reduced
since March 1, 1889, $3.50 800. and the
annual interest charge decreased S11, 1884,
$780, The receipts Of the government
from all sources during the fiscal year
ending June 80, 1893 amounted to $461,
16,561.9, and it's expenditures to $780,
'374;SS7.65 showing an excess of receipts
over expenditures of 1884, 674.29. Since
that time the receipts of no fiscal year.
and with but few exceptions Of no month
or any fiscal year, have exceeded the ex-
penditures. The receipts Of the govern
ment from all sources during the fiscal
year ending June 30, 1894, were 1912, S92,-
49e.29 and it's expenditures $442. 605 758.S7.
Leaving Deficit,
the first since the resumption Of specie
payment, OF $780, 800, 2605s. Notwith-
standing there was decrease of SIG, 769,-
l2S.7S in the ordinary expenses of the
government, as compared with the previ-
Gus fiscal year, its income was still not
sufficient to- provide for it's daily neces-
sites, 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, 1894, $50, 0OO, 900 in bonds
were issued and In November following
a second issue Of $4,000, 600 was deemed
necessary. The sum of Sill, ,795 was
realized by the sale Of these bonds, but
the reserve was steadily decreased until
on Feb. 8, 1895, a third sale of $62, 400
in bonds for $85,116,2A was announced to
congress. The receipts of the govern
ment for the fiscal year, June 80, 1895.
were $500, 373, 203.30 and the expenditures
$433, It's, 426.4S, showing deficit of $42.-
500, 223.1S. A further loan of 500, O00, 900
was negotiated by the government in Feb
ruary, 1896. the sale netting Sill, 1876, 246.
and swelling the aggregate of bonds is
sued within the three years to $262, 315.-
400. For the fiscal year, ending June 30.
1896, the revenues Of the government
from all sources amounted to $409. 49,
40s.7s, while its expenditures were $434.-
CTS, 654.48 or an excess Of expenditures
over receipts of 925,203,2 a5t70. In other
words, the total receipts for the three
fiscal years ending June 90 1896. were in
sufficient by $137 81. 729.48 to meet the
total expenditures.
Nor has this conditions since improved.
For the first half Of the present fiscal
elusive of postal revenues, were 1851, 507.-
6O3.76 and it's expenditures, exclusive Of
postal service, $195, 410 0O0.22, or an ex-
cess of expenditures over receipts of $751;
9O2, 1896. 46. In January OF this year the
receipts. exclusive of postal revenues.
were S24. 316 994.O5 and the expenditures.
exclusive of postal service, $50, 269, $3.50. %,
deficit of SIS, o52; 395.24 for the month.
In February of this year the receipts, ex-
elusive of postal revenues, were $24, AGO.
997.3S and expenditures, exclusive of pos
tai service. s2s,7s6, o56.66, deficit
of 81 395. O59. %; or a total deficit of $780,
O61. $50. Al for the three years and eight
months ending March I, 1897 Not only
are we without surplus in the treasury.
but with an increase in the public debt
there has been a corresponding increase
in the annual interest charge from $22,-
S93. sS3. 20 in 1892, the lowest of any year
since 1862, to s34, 3S7 297.6 80 in 1896, or an
increase of s11, 493, 4f4.40.
r.at.+~ Action r-ued.
80. -
L. may De ursea eiat even ~ tlle Re-
venues Oh lie eoNeiaAheH. uau oe '7ii SUM
Gent TO meet ILL IT'S OIuINdIy expenses