Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-11-25
GETTING "ouT OF THE WOODS"
How the Republicans Are Helping
the Country.


the Country.
It is gratifying to learn from Wash
.ngton that certain information has
reached the treasury department show
ing that the United States are rapidly
recovering from their period of fnan-
cial depression and that before the end
of the year this country will surely
be out of the woods not only as re-
CARDS commercial enterprises, but also
In the operations of the treasury"
This is a circuitous method of say
| ing that before the end of the year
| the treasury income will be equal to
| the treasury outgo. It is an indirect
mode of saying what the great Dingley
said directly at the Boston bean ban
uuet, that his bill would produce too
much revenue by and by.
One item of the certain informa-
ton" which has been received at the
treasury department is that during the
| first half of the present month the
! treasury outgo exceeded the treasury
| income by S5.763 1920. Another item is
that the excess of outgo during the
| first Az months of the fiscal year was
$43, 772, 331.
Upon these two items of certain in
formation is based the statement that
congress will be brought face to face
with deficit of $45, 00o,0 900 in five
months" Seeing that the deficit for
! the first half of the present month is
about 100000 greater than the average
semimonthly deficit since the begin
| ming of the fiscal year, it would seem
| to be nearer the mark to estimate the
deficit for five months at $48,000,000.
There doesn't seem to be much in
these facts to support the opinion that
the deficit is to be turned into sur
plus at an early day. During all the
months of depression following the
| panic there was no such deficit as there
! has been during the last 41H months,
| and there is every indication that it
will be as great this month as it was
| last. Thus far it has been at the rate
of more than $115,00O,OOO a year,
against 500. 900, 900 the worst year after
| the panic.
No doubt imports will increase to
some extent after the stocks of antici-
| patory importations are exhausted. But
| it takes a financial Mark Tapley to
come out strong on the basis of such
| figures as those of the present year to
| date.
The Chronicle would invite the atten-
| ton of the republican brethren once
more to the theory which they SO stout
! " maintained for some four years that
! by ne possibility could the country ever
become prosperous again until the
! treasury receipts should be made to
exceed the treasury disbursements.
/ They adhered stoutly to that theory
/ to the end of the last democratic ad-
ministration.
/ But now they seem to have lost it.
They improve every opportunity to say
not that prosperity is about to return,
but that it has already returned. And
( while they repeat this endlessly they
are forced to admit that the disburse-
ments not only exceed the receipts,
but exceed them more than at any time
since the great war expenditures
/ ceased.
1t behooves them to reconcile what
they claim to be the undeniable facts
with the theory which they used as
an excuse for not coming to the relief
of the treasury three years ago. II
they fail to do this they need not be
surprised if the people reject some
other theories of theirs. - Chicago
/