Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1897-03-27
The House.

houSt N'hds ny an lHiiiNlioN N'O"' -
spectators.
OF the 357 men who constitute the
membership % the house, 1872 have never
before served in that capacity. while IL
more have served in former congresses
making altogether l4s new members and
209 who served in the last congress.
Politically classified, there are zoo re-
publicans, 1872 democrats n 20 fusion
silverites and populists.
The clerk read the presidents procla-
nation converting congress and the roll
of members was called, showing that
337 members had answered to their
The next business in order vas cleo
tion, of speaker and Mr.. Grosvenor, rep,
Ohio, presented the name Of Thomas
Bracket Reed.
Mr.. Richardson, dem, Tennessee.
placed in nomination Joseph w. Bailey
of Texas.
Mr., John c. Bell, pop, Colorado, was
pop, kansas.
The election Of speaker was then pro-
ceeded with, the result being:
For Mr.. Reed, 1873 votes.
For Bailey, ia votes.
For Bell. q votes.
Mr.. Newiands OF Nevada, 1.
The clerk announced hat Mr.. Reed,
having received a majority Of all the
votes cast, was duly elected speaker,
and he appointed Messrs. Grosvenor,
Bailey and Bell to conduct the speaker
elect TO the chair.
Mr.. Reed, having been conducted TO
the chair amid applause, addressed the
house briefly. The speaker was sworn
In by Mr.. Harmer, rep. Pennsylvania,
and then the oath was administered to
the members, four of whose certificates
had not arrived, being sworn in by
unanimous consent. a committee was
then appointed to wait on the president.
The Message.
The presidents message was received
by both houses. The senate had az
journed, but il was read in the house.
1t Is as follows:
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 government. 1t is conceded that
it's current expenditures are greater
than its receipts, n that such a con-
dition has existed for now more than
three years. With unlimited mean at
our command, we are presenting the
remarkable spectacle of increasing our
public debt by borrowing money to
meet the ordinary OUTLAWS incident upon
even an economical and prudent admin
istration of h government. An exam
ination of the subject d~iscloses this fact
in every detail and leads inevitably to
the conclusion that the condition of the
which allows 1t is unjustiiable
and should be corrected
We find by the reports Of the secre-
tary of the treasury that the revenues
for h fiscal year ending June 80, 1882.
from all sources, were $425, SOS, 260. %,
and the expenditures for all purposes
were SAFE, 1853, SOC. So. leaving an excess of
receipts vel expenditures Of 9 1914, 453.-
&C. During the fiscal year, $40, $40, 467. 9S
were paid upon the public debt, which
had been reduced since March i, 1889.
$3.50, 076, $50, and the annual interest
charge decreased 81 ,6S4, SIG. 60. The re-
ceipts of the government from all
sources during the fiscal year ending
June 80, 1888, amounted to $461 ZIG. SCI "a,
and its expenditures TO $i59, 374, S87 So,
showing an excess of receipts over X
penditures of 81. 34l, 674.29.
Since that time the receipts of no ifs
cal year, and with but few exceptions
OF no month Of any fiscal year. ave ex-
ceeded the expenditures. The receipts
Of the government from all sources dur
inc thA fSoa1 WAR anAtnD lima On 1904
were 1912, 500, 49S. 20. and its expenditures
s442, sos, 1887. leaving a deficit, the first
since the resumption Of specie pay
ments, Of $69. 500, 260. So. N~otwithstand-
ing there was a decrease Of SIC, 769, 1884, 8
in the ordinary expenses Of the govern
ment, as compared with the previous
fiscal year. its income was still not SUI.
fcient to provide for its daily necessi-
ties, and the gold reserve in the treas
ury for the resumption Of g~reenbacks
WAS drawn upon to meet them. But this
did not suffice, and the government then
resorted to loans to replenish the re-
serve. In February, 1894. $50. 200, 900 In
bonds were issued, and in November
following a second issue of $50. 900, 900
was deemed necessary. The sum of
Sl17, III, 795 was realized by the sale of
these bonds, but the reserve was stead
lily decreased until, on February 5, 1896.
a third sale Of So. 315. 400 in bonds. for
SIS, 1i6, PA was announced to congress.
The receipts Of the government for
the fiscal year ending June 80, 1895,
were 1890. 1913, 800. 80, and the expenditures
$433, 17S, 426.4s showing a deficit Of t42,
So5. 223. Is. A further loan of 500, 600. 900
was negotiated by the govern
ment in February, 1896, the
sale netting Sill, 166. 246 and
swelling the aggregate OF bonds issued
within three years 10 1852, 315. 400. For
the fiscal yea ending June 80, 1895. the
revenues Of the government from all
sources amounted to $409. ATS. 40S...S, while
its expenditures were $434. SIS. 81 IS, or
an excess of expenditures over receipts
OF $25. goa, 245. 40. In other words, the total
receipts for the three fiscal years ending
June 30. 1896. were insufficient 10y $751;
81. 729.46 to meet the total expenditures.
Nor has this condition since improved.
For the first half of the present fiscal
year the receipts Of the government, ex-
elusive Of postal revenues. were $751;
500, 6oS. 76. and its expenditures. ex-
elusive OF postal service, $195, 410,
0O0.22. or an excess Of expenditures
over receipts of ss7. 900. ss6.46. In Janu-
airy of this year the receipts. exclusive
Of postal revenues. were $24. $40. 994. t5
and the expenditures. exclusive Of pos
tai service. $780, e9. ss9.2s. a deficit Of
$685.. 1864 for the month. In February
OF his a the receipts. exclusive of
postal revenue. were $24, 400. ss7. 3s ana
he expenditures, exclusive Of postal
service. $2s. 7ss. O5e.e6. q, deficit OF $685.
o5s.2s. or q total deficiency Of 1886. o6l.-
aS0.+ for the three years and eight
months ending March ]. 1897. Not only
but with an increase In the public debt
there has been q corresponding ircrtase
In the annual interest charge from s22.-
lsa.sss.so In 1892. the lowest OF any year