The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1897-05-12
WAR REVENUE BILL.
It's Necessity Set Forth IN the Heuss
CommIttes's Report.


more than So. 600, 900 in excess Of ordi-
narypeace expenditures for these months
GA. 600, 900 OF the expenditures APP
pearing in the March statement having
been made ON account Of the prepare
tions for national defense under author
ity Of the joint resolution II March,
lS9S). and that, too. with a large fall
ing of in customs revenue in the last
ten DAYS of March in consequence Of
the disturbance Of trade arising from
threatened war
There is no doubt that il peace con-
ditions had continued, the estimate 81
the secretary OF the treasury. that the
revenue for the next ficsal year would
reach 1890, 600, O0c. exclusive ii postal
receipts, $50. 900, 0o0 in excess Of the
revenue for the fiscal year Of 1896, and
more than that snm in excess Of what
the revenues for the next fiscal year,
1897, would have been il il had not
been for anticipatory importations in
the last four months 0f the latter year,
To avoid the increased duties Of the
new tariff, would have been more than
realized, and these receipts would have
fully met the expenditures Tor the next
ficsal year il il had not been for the
increase caused by the difficulties with
Spain. inasmuch as the expenditures
for the fiscal year 1896. exclusive Of
postal expenditures. paid by postal
revenue, were only $3.50 900, 600, and
for the fiscal year 1898, only 1855, 900, :
900.
These difficulties, even before war
conditions arose, had so stirred the
public mind as to demand largely in
creased appropriations for enlarging
the navy and for national defense. The
destruction OF the battleship Maine,
in the harbor OF Havana, February Is
last, SO stirred this country that con-
gress, few weeks after. realized the ne
cessity OF taking prompt measures 10
prepare for any exigency, and by joint
resolution appropriated $50, 900, 900 for
national defense
Upon the authority Of this joint
resolution, about $50, 600, 900 Of this
appropriation has already been practi-
eally used, although payments have as
yet been made for only part of this
sum, and liabilities for the remainder
Of the appropriation have been incurred
within two weeks.
IAN examination OF the condition of
the treasury will make il apparent that
no time should be lost in providing am
pie ways and means for carrying to a
successful conclusion the war in which
we are engaged.
THE apparent cash balance in the
treasury when the joint resolution
appropriating $50, 900, 900 for the ma
tional defense was passed was about
1925, 900, 900, including the 800, 600,
900 gold redemption fund, or 1925, 900,
900, excluding this fund. But this
balance was only apparent, inasmuch as
$13, 900, 900 consisted OF fractional
silver, largely uncurrent, and minor
coins, leaving only SIP, 900, 900. But,
of this, $l4, 900, 600 consisted of re-
ceipts from the sale of Pacific railroads
held in the treasury for the payment
OF that amount OF Pacific railroads, held
in the treasury for the payment of that
amount OF Pacific railroad bonds. due
June | next, and $33, 900, 900 OF the
bank redemption fund, held for the
payment of notes OF national banks
failed or in liquidation, or reducing cir
eulation. Deducting these amounts,
the actual available cash in the treas
ury at the time belonging to the gov
eminent, exclusive Of the greenback
redemption fund, was only sos, 000,-
900. 1nasmuch as a working balance
of about $40, 900, 900 is required to
properly carry on the operations OF the
government, there remained only s25,-
900, 900 belonging to the government
available. 1t will be necessary. i'm
order TO meet all expenditures under
the $50, 900, 000-all of which has been
expended within few weeks-to use
$25, 900, 900 of the bank redemption
fund, a part OF which must be replaced
before the close of the present calendar
year.
"lnsamuch as the difficulties with
Spain have plunged the country into a
war whose magnitude each month can
not now be intelligently forecasted. it
is necessary that measures should be
Immediately taken to provide means
and ways to carry ON naval and mill
tary operations on scale and with a
promptness which will exert an impor-
tant influence in shortening the con-
fiict.
As the expenses of the preparations
for defense that have been going on for
nearly two months are at the rate of
S25, 900, 900 per month, or 5000, 900, :.
600 per annum, and the expenses of
actual war will be much more. your
committee Is OF the opinion that the
necessities of the country, as well as
the conclusion of the war, call for such
ample provision, both by taxation and
authority to make loans for means to
carry on naval and military operations.
as will impress the great powers of
Europe, as well AZ Spain, with the con-
vlction that the people are united in
the determination to prosecute the war
on scale and with vigor that will
make the prolongation of hostilities
useless.
with this object in view your com
mittee recommends the levying of in
ternal revenue taxes, either on articles
OF voluntary consumption or on objects
that will make such taxes fall mainly
ON persons able to contribute to the
national defense, which will in the
aggregate yield to from 500, 900, 900 to
500, 900, 0OO, in addition to the present
revenues.
PLAYING FOR SYMPATHY.
fhe war TO BE Prolonged TIL Foreign
Trade Is Affected.