The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-03-16
THE PRESIDENTS MESSAGE.
Revenue Must at Once BE Provided
for the Government.

for the Government
WASHINGTON. March f5-Tns MESA ga
OF Prssi6en, Mckinley submitted 70 con-
gress today IS as follows:
sRsgretrtng the necessity which has re-
Qufred ne 20 call YOU together, ] feel thai
your assem- bling in extraordinary session
IS indispensable. because OF the condition
IN which We find the revenues Of The gov-
eminent II Is conceded that lis current
expenditures are greater than It's receipts.
and that such q condition has existed
now more than three years WITH IN
lTnitec means n. our command. We are
presenting the remarkable spectacle OF
increasing our public debts BY borrow
ing money 20 meet ordinary OUTLAWS incl
dent upon an economical and prudent
administration OF government
An examination Of the subject CaScloSes
this fact in every detail. and leads iRev-
itaoly TO the conclusion that the condition
OF the revenue which allows X IS unJ0Sti-
fable and should be corrected We find
by the reports OF the secretary o. the
treasury that the revenues FOR the fiscal
year ending june % lSsz. from al
sources. were sae5 IS -sa =. and that the
expenditures for ali purposes were S4ls.-
over expenditures OF 1854 4SS-66 During
that fiscal year so $40 is7 - was paid upon
the public debt. which had been reduced
since March 1. 1Sss, sl5s .essSsA. and the
$3.50.
THE receipts OF the government from
al sources during the fiscal year ending
June g. lSS amounted TO S4el. IlS, 81 =
| and its expenditures 30 $40 Ss4. So IS,
showing an excess Of receipts over expen-
diturss of Sc Al S14.@.
'.Since that time the receipts OF no fis-
cal year. and with but few exceptions Of
no month OF any fiscal year. have exceed
ed the expenditures. The receipts OF the
government from an sources during the
nscsl year ending June 30, 1894. were SSl2.-
as2. 4sS. - and its expenditures were S442.-
1as.N leaving a deficit. the first since
re resumption OF specie payments, OF
| or Ss,ass. ID. . in ordinary expenses Of the
government, as compared with the previ-
Gus fiscal year. its income was still not
sufficient 10 provide for its daily neces-
ury for the redemption OF grsenbacks.
was drawn on 10 meet them. But this
did not suffice. and the government then
resorted TO loans 10 replenfsh the reserve.
| In February. 1884 $50 90 bonds were
| issued. and In November following a Sec
| ond issue OF 0.oo0. coo was deemed nsces-
sary: The sum OF sll9 ia, 30 was realized
| by the sale OF these bonds. but the re-
| serve was steadily decreased until on
| February g. 1886, the third sale OF Sc. 3l5,-
| 40 bonds was announced 10 congress.
The receipts OF the government for the
| fiscal year ending June 30, 1885. were
| s39o. 3l3 500 80. and the expenditures were
s4sS, 1ss. 40 -. showing deficit OF SIS $780,
2a3.1S. further loan OF si0o,0 90 was
| airy. 1885, the sale netting S11.l66.246. and
swelling the aggregate OF the bonds is
| sued within three years 10 s262. SIS. 400.
For the fiscal year ending June 80. 1885
| the revenues OF the government from All
| sources amounted 10 s4na As. 40s. q, while
/ It's expenditures were siS4s1s. .4s. or ar
excess OF expenditures over receipts OF
| S.. 202. PAS. 10
| In other words, the total receipts fol
| the three fiscal years ending June 30. 1896
| We're insufficient by SIS. Sl, 729.A 40 TO meet
the total expenditures.
Nor has this condition since improved
| For the first half of the present fscal
year the receipts OF the government. ex.
| elusive OF postal revenues. were 1857 507,
| 603.T6, and the expenditures. exclusive Of
| the postal service. were 1886. 40 o00. % OF
| an excess OF expenditures oyer receipts
| OF $3.50 1866. In January OF this veal
| the receipts. exclusive OF postal revenues
/ were S24.3l6 e9i.2a. a deficit of 3 952. 3a5 =
| for the month. In February OF this veal
| the receipts. exclusive OF postal revenues
| were $24.4oo es7 %. and the expenditures
| exclusive OF the postal service. were SIS ;.
7se CSC &C. a deficit of 81 So. 05s q. or a tota
/ deficit OF slSs 031. $50. A for the three year:
| and eight months ending March 1. 1897.
| Not only are we without a surplus IN
/ the treasury. but with the Increase in ths
| public debt there has been a correspond.
/ Ing increase in the annual interest charge
from SO .ss3 ss3 20 In 1882. the lowest OF any
| an increase OF 81. t93 4l4,s9.
| 1T may be urged that even II the reve-
| nues OF the government had been SUM-.
| cient TO meet all its ordinary expenses
| during the past three wears, the gold re,
| serve would still have been insufficient q
| meet the deman ds upon IL and that bonds
| would necessarily have been issued for Il:
| repetition Be this as Il may. IL Is clearly
| manifest without denying OF affirming
| the correctness of such conclusion tha'
| the debt would have been decreased in al
{, least the amount Of the deficit and bust
| ness confidence iTnmeasCrahiy strength
| ened throughout the country.
| Congress should promptly correct thu
| existing conditions. Ample revenues mus
| be supplied not only for the ordinary ex
| penses OF the government, but for tn
! prompt payment OF liberal pensions anC
| thu liquidation OF the principal ard inter
| est on the public debt. In raising reve
nues. duties should be so levied upon FOR
! eign products as 70 preserve the home
| market as far as possible to our produc
| ers; 10 revive and increase manufactures
20 relieve and encourage agriculture. Il
| increase our domestic and foreign com
| merce: 70 aid and develop mining and
! building, and TO render 70 labor IN ever
| field OF useful occupa Ion liberal wage,
! and the adequate rewards 70 which skill
| and industry are Justly entitled.
1.-THE neces~ttv of the passage OF a tar
| ifr law which shall provide ample reve
nue. need not be further urged. The i'm
| pcrative demand OF the hour Is th'
prompt enactment Of such a measure, and
! congress shall make every endeavor. Be
| fore other business Is transacted. let Vi
| first provide n sufficient revenue TO faith
| fully administer the government without
, contracting further debt or continued
| disturbance OF our finances
WILLIAM M'KTNLEY.
| Executive Mansion. Washington. D. c.
.