The Butler weekly times., 1897-03-18
THE MESSAGE.
President Mckinley Sends a Comrnu-
nication to Congress.
THE GOVERNMENT REVENUE.
1t Is Less Than the Current Expendi-
ture-The Revenues and Expenses OF
Certain Years Compared-Congress
Asked to Correct the Conditions

dent to-day sent the following messag
| to congress:
| To the Congress OF the United States:
Regretting the necessity which has require
| me to call you together feel that your Assem-
| biing IL extraordinary session is indispensab bi
| because Of the condition in which We find tn
revenues Of the government. II is concede
! that Its current expenditures are greater thai
| It's receipts and that such {. condition has ex
| lsteG for now more three years
With unlimited means at oar command W.
are presenting the remarkable spectacle Of in
creasing our public debt by borrowing none,
to meet the ordinary OUTLAWS incident upon eve,
an economical and prudent administration O
the government An examination of the sub
lect dlscloses this fact in every detail and lead.
inevitably TO the conclusion that the condition
OF the revenue which allows i. is unjustidabl,
and should be corrected
We find by the reports OF the secretary of the
treasury that the revenues for the fiscal yea,
ended June so, 1892, from all sources were s4a5
eoo = ana expenditures for all sources WERE
s4lo 9o3, ooo6 leaving excess Of receipts over
expenditures of S9.9I3 $3.50. During that fiscal
year s4o, so 9s Were paid on the public debt
"hlch mad been reduced since March l. 1889
s>o9'o7o.s $50 and the annual interest charge de-
creased Sll Is 1850.
Inc receipts of the government from all
sources during the fiscal year ending June So
l.
lures TO s4S9. Is, showing an excess of re-
ce1ptS over expenditures of - 3i1 GA % Since
thaI time the receipts of no fiscal wear and
with out few exceptions Of no month of auy
nscat year, have exceeded the expenditures
Inc receipts OF the government from all
sources during the fiscal year ended June 81
1921. We're S372,s 20 and its expenditures
ff-''oo,'aes9 leaving deficit the first since
the resumption Of specie payments. of S39. s,3, =
-otoS Notwithstanding there was a decrease
OF slo 'os l2s IS n the ordinary expenses of the
government as compared with the previous
hsctl year lis income WAS stin not sufficient 10
provide for Its daily necessities and the gold re-
serve IN the treasury for the redemption of
Rreenbacks was drawn on to meet them But
lhl> uld not suffice, and the government then re-
sorted to loans 10 repleniSh the reserve In F-eb-
Iiary 1874 9oJoo0, in bonds were issued and in
November following second issue Of 800 coo DOJ
was deemed necessary. The sum of SlI717l 1g5
was realized by the sale Of these bonds bnt tho
reserve was steadily decreased until on Feb
ruary :, 1888 third sale of So SIS 400 in bondS
ior 800 10 IA was announced to congress The
receipts OF the government for the fiscal year
ehuihg June 81. 1890 We're $500 3.::} .3l:s 30 and
the expenditures S4S3, l7S 42i 4S showing u de-
felt of 81, ,s152.312
y further loan Of Slo10o0 o,O was negotiated
by the government in February 1895 the sail.
netting sill, 1925, and swellin, the aggreyate
OF bonds issued within three wears to Sa6a 3l5
400 ~
For the fiscal x-,o- .,,,,,,,. ~, a., CON.
revenues Of ,ha ,,oyarn,n,nt - ~ ~, io"' lie
amounted to S4g9 475 I'M ~ VIZ a'' o9s
lures were s.2t as s5t 10 'AieN'i-
pendituras ova- raoa;. y. a. a. 49,, N' Vi eA-
other words the ,ot,I raca;nt -, AZ
fiscal wears ep1ed Trna ~ ,cas -: 80 -1'0 'ittee
by SI1 SIi ,2g IL to ,naat ,h., 49,, -. '4'
nor mas THIS condition since improved From
Ihe lifst nan of the present fiscal year the re-
revenues were s157 sG1 fns 70 a,,. ~ VI pos,:i
lures exclusive of postal seryi sfa5 ,i,i 4o -,
,r an excess OF espepditureS ovar rooai,,,s =.
nj spo 3qf III T, Iar,,ou =, iS'eip's Vi
,ain4s ayc1r. ~, ,,s le., "a 'i'i' year the re-
ZIG q94 Is ana ,ha 80, ,lit,,rl .0o "cie 90
postal serviras sao ,fo so ~, sAolus.'e 81 OF
'95 "A for thu month - @'''-'
In February Of This wow .b,, ,,..
i've of ,,o.-aI ,.,,,,,,, - s,, - ,p.s - eAelu
,xpanditure> evcI,,si,., at -, O''''' anu
ei o5s IA , 7efi,;, 80 a. 90! a. a. 'oi'iec F-o'
efficiency of S1s;o,1 zoa 9, x,' VI d TOTAL
md eight rnonths cn4i,,- ~ 'ni 30 Sc years
,nIy are we vithon, - sr,,,, l. 80 ->ot
mn with or, ;,,.r,,,, :; -, - 80 'i'e .feaNufy'
,aS been a c1~ras,,,r1i,,. t.- puplio oeo. there
NAL intarast - si., 60, III the an
he lowest Of anv xear Sineo 1S,s - - sa li & aos-'
~ 60 in 1sqs or an i,,-a. -, 900 80 .'a,'o''
1t may he ,,r.-a,, tb,+ 60 - ,t' ~
he government had bao,, .,,sso;a,,. .iiue> VI
Is ordinary nvnnnsoc ,n;r'- .. ,"' ~ iiiett III
ears the t-oI1 raserva ,ro,,I5 -, pass 'tfee
Insufficient tn n,aet the ,,a,,,o-s s-'- i"Fe oeeh
onds would nacasSariI, ba,a 80 ~ ~ aliu 'nde
IS repletinn BE thfs AZ n ~ :. ;n1l lor
1anifest without e,yir,, or - /. slearg
Ii,