The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1897-03-25
URGED TO ACT.
President Mckinley Makes an Ap-
s@ peal to Congress. !:

l
peal to Congress. #
Need Of . Tariff Law to Increase the
Country's Revenues Declared to
Be the imperative De-
| mand of the Hour.
Washington, March 16.-The presf.
dent Monday sent the following mes
sage to congress-:
| ITO the Congress Of the United Staten.
Regretting the necessity which has re-
CURED 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
ernaent 1t Is conceded that its current
expenditures are greater than it's receipts.
ana that such a-condition has existed for
now more than three years. With unlimft-
eo means at our command. we are pre-
sentlng the remarkable spectacle of in
creas1ng our public debt by borrowing
money to meet the ordinary OUTLAWS incl
oent upon even an economical and Drl1-
gent administration of the government.
AN examination Of the subject discloses
This TACT in every detail and leads in
evitably to the conclusion that the con-
u1tlon OF the revenue which allows It in
! un1ustitiable and should be corrected, = =
we find by the reports Of the secretary
OF the treasury that the revenues for tho
nscal year ending June 80. 1892. from all
sources, were $425 1868 26O22 and the ex-
penditures for all purposes were SAFE. $685.
oO6.56, leaving an excess of receipts over ex..
pend1tures of 1914. 1896 During that fiscal
year 40 57Oz67.98 were paid upon the public
DEBT, which had been reduced since March
l.: loeS. Szo9.070'Sso, and the annual interest
charge decreased $11 ,634 SIG. 60. The receipts
OF the government from all sources dur
Ing the fiscal year ending June 30, 1895,
amounted to $461, ZIG, 561. "a, and its expend-
lures to s459. s74, S57.65 showing an excess Of
receipts over expenditures of 81. 81 .674.29.
Since that time the receipts Of no fiscal
year, ana with but few exceptions Of no
month of any fiscal year. have exceeded
the expenditures. The receipts Of the gov
eminent. from all sources. during the fis-
:al year ending June 30. 1894. were $s72,-
sO2. S@, and its expenditures $442, 6O5, 49,
81, leaving deficit. the first since the re-
sumption OF specie payments, of $69; 800, 240: S.
Notwithstanding there was a decrease of
slo'|O9'1zS.7S IN the ordinary expenses Of the
government. as compared with the previ-
Gus hscal year. its income was still not
| sufficient to provide for it's daily necessi-
ties, and the gold reserve in the treasury 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, s5o.oo0,0OO in bonds
we're issued, and i'm November following a
second issue of Sc, OOO, 400 was deemed neces-
sary. The sum of $117, III, 795 was realized
| Dy the sale OF these bonds, but the reserve
was steadily decreased until, on February
:. 1xs5. third sale Of 1928 400 in bonds for
seo'll6'244 was announced to congress.
The Yearly Deficits.
1.-THE receipts Of the government for tho
| fiscal year ending June go 1895, were s3e0.-
373,203.30, and the expenditures 1893 49,
648, showing a deficit Of $42, 805.22313 A
further loan Of 500. 0,OOG was negotiated
ny the government in February. 1896, the
sale netting Sill. 1864 and swelling the
aggregate of bonds issued within three
years to $262, BE, 400. For the fiscal year
ending June 80. 1896, the revenues Of the
government from all sources amounted to
$40e. 475, 40S.7S. while its expenditures were
1884 $685. or an excess Of expenditures
| over receipts Of $25. 203, 24570 In other
words the total receipts for the three
fiscal years ending June 30. 1896, were in
sufficient by $1s7.s11 .72e.4e to meet the total
expenditures. 80 ~
Nor has this condition since improved.
For the first half OF the present fiscal year
| the receipts of the government. exclusive
of postal revenues. were $157, 5O7, 603. 7G, and
| Its expenditures. exclusive Of postal serv-
Ice. $195. 410. 000.22, or an excess of expendi-
| lures over receipts of SCI, a02. 1885, In jan
| uary Of this year the receipts exclusive OF
| expenditures exclusive of postal service
SEQ. 269. $685. deficit Of $685.. 1854 for the
| month.
The Total Deficit.
In February Of this year the receipts, ex-
elusive Of postal revenue. were $24. 4o0.-
tai service s2S zoe, 056.66, deficit of 1885,
1928: or total deficiency of $1S6,O61, $50 a
| for the three years and eight months end
ing March l. 1897. Not only are we with
out surplus in the treasur but with an
increase in the public debt there has been
| corresponding increase in the annual in
terest charge from $22.S93, 20 in 1892, the
| lowest of any year since 1862, to $34 327,-
$3.50 in 1895. or an increase Of $11, 493 a. 40
1T may be urged that even If the rev.
| enues OF the government had been suffi-
Gent to meet all its ordinary expenses dur
| Ing the past three years, the gold reserve
would still have been insufficient to meet
| the demands upon 1t, and that bonds would
| necessarily have been issued for its reple-
ton. Be this as it may. it is clearly mani
fest. without denying or affirming the
| correctness of such a conclusion. that the
debt would have been decreased in at least
the amount of the deficiency. and business
| confidence immeasurably strengthened
throughout the country.
| Il Should BE Promptly Corrected.
Congress should promptly correct tho
! existing condition. Ample revenues must
Uo Suplu4SO NOs only 1OT the ordinary QY.
| penses Of the government. but for the
| prompt payment Of liberal pensions and
the liquidation Of the principal and inter-
est of the public debt. In raising rev.
enues duties should be so levied upon for.
eign products as to preserve the home mar.
ket so far as possible. to our own pro-
ducers; to revive and increase manufac-
lures: to relieve and encourage agricul-
| ture: to increase our domestic and for
eign commerce: to aid and develop mining
and building. and to render to labor in
every field of useful occupation the lth-
erai wages and adequate rewards to which
| skill and industry are justly entitled The
necessity Of the passage of q tariff law
which shall provide ample revenue need
not be further urged. The imperative de-
! mand Of the hour is the prompt enactment
Of such a measure. and to this object
! earnestly recommend that congress shall
make every endeavor. Before other BUSH
! ness is transacted, let us first provide suf-
| fcient revenue to faithfully administer the
| government without the contracting Of
| further debt, or the continued disturbance
| of our finances. (Signed)
WILLIAM M'KINLEY."
Executive Mansion. March Is, 1897
One Taken, the Other Left.
Bath, N. Y, March 16.-A buggy in
I L. 80