The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-16
MESSAGE TO CONGRESS
President MckinIey's Sugges.
tions to the Lawmakers.
MORE REVENUE Is A NECESSITY.

Calls Upon Congress to Remedy the Ex-
isting Condition of Affairs Suggestions
as to Raising Revenues, Which Is the
Imperative Demand of the Hour.
Washington, March 16.-The president |
Monday sent the following message to
congress:
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
its current expenditures are greater
than it's receipts and that such a con-
| dition has existed for now more than
three years. With unlimited means at
our command, we are presenting the
remarkable spectacle Of increasing our
public debt by borrowing money to meet
the ordinary outlays incident upon even
an economical and prudent administra-
ton of the government. An examina-
tion of the subject discloses this fact In
every detail and leads inevitably to the
conclusion that the condition of the rev.
enue which allows 1t Is unjustifable
and should be corrected.
Revenue for 1902.
We find by the reports of the secre-
tary of the treasury that the revenues
for the fiscal year ending June 80, 1892
from all sources, were $425 SOS, ,260.22, and
the expenditures for all purposes were
$415, ,95S, ,S0356, leaving an excess OF re-
ceipts over expenditures Of 1884,
45366. During that fiscal year, $4O,57O,-
4679S were paid upon the public debt,
which has been reduced since March J,
1885, $259, ,076 $50, and the annual inter-
est charge decreased $11 ,6S4 $3.50. The
receipts of the government from all
sources during the fiscal year ending
: June 80. 1893 amounted to $461, 49,
/. SCI 94 and it's expenditures to $459-
: 374, ,SS7 .65, showing an excess Of receipts
over expenditures of $2,34l, ,614.29.
l Since that time the receipts of no fis-
cal year, and with but few exceptions
of no month of any fiscal year, have ex-
I ceeded the expenditures. The receipts
t of the government from all sources dur
1 ( ing the fiscal year ending June 30, 1894,
: were $372, ,S92, ,49S29, and its expenditures
a $442, ,605 1887, leaving a deficit the first
since the resumption Of specie payments
of So, 800, ,26O5S.
u Gold Reserved Drawn Upon.
Notwithstanding there was decrease
of SIG. 1863, ,12S.7S in the ordinary expenses
!, | of the government as compared with the
previous year. it's income was still not
sufficient to provide for its daily necessi-
ties and the gold reserve in the treas
! ury for the redemption of greenbacks
was drawn upon to meet them. But this
o did not suffice, and the government then
resorted to loans to replenish the re-
t serve.
= In February, 1894, $50, ,O0O.0 900 in bonds
q were issued and in November following
G a second issue of $50,000,00O was deemed
4 necessary. The sum of $117,171,795 was
a realized by the sale of these bonds, but
:. the reserve was steadily decreased until
:, on Feb 8, 1895, third sale of $62,3l5,
400 i'm bonds for 65116,244 was an
a nounced to congress- The receipts OF
!, the government for the fiscal year June
- 30. 1895 were $780, 373, 80 and the ex-
- penditures s433, lis, ,42S.4S, showing def
; icit of $42, sos, 2231S.
=. further loan of $4,000 600 was me-
n J gotated by the government in Febru'
!, ! ary. 1896, the sale netting Sill. .166, 245
> but the deficit continued.
~ January and February Deficits.
,s In January of this year the receipts
No exclusive of postal revenues, were $24,'
:, 316. .994 05, and the expenditures, exclus
10 i've of postal service, $50, ,269, ,3S9.29, de-
felt of SIS, 952, ,395.24 for the month. Ii
February of this year the receipts, ex
elusive of postal revenues, were $24
4O0, 3S, and expenditures, exclusive
:. of postal service, $2S, 1876 056.66, dehci
=. of $4, 395, ,059.26 or a total deficit of $1S6,
OG1. $50 "A for the three years and eigh
No. \, N on
are we without surplus in the treas
- ury. but with an increase in the publi
,e debt. There has been a correspondent
:" increase in the annual charge from
- 500 S93. $500 in 1892, the lowest of an.
% wear since 1862, to $34, ,3S7 ,297 60 in 1896
or an increase of $11, ,493, ,41440. 1t ma,
be urged that even if the revenues o
el the government had been sufficient I
In | meet all its ordinary expenses durin
nt the past three years, the gold reserv
r. would still have been insufficient {
n, meet the demands upon II and tha
l. bonds would necessarily have been is
n sued for it's repletion.
al should Correct Existing Condition.
ne BE this as it may ii is clearly mani
ne fest without denying or affirming tn
correctness of such conclusion, that tn
debt would have been decreased in a
least the amount of the deficiency an
n business confidence immeasurabl
,e strenethened throughout the countr,
,e Congress should promptly correct til
is existing condition. Ample revenue
a. must be supplied not only for the ordin
or ary expenses of the government. bu
vo for the prompt payment of liberal per
m sions and the liquidation of the primo
sd pal and interest of the public debt. j
re raising revenue duties should be so lie,
led upon foreign products as to presery
-. the home market so far as possible
our own producer; TO revive and In
~ crease manufactures; to relieve and ef
IN courage agriculture; to aid and deve
To- ope mining and building; and to rer
der to labor in every field of useful OF
:. cupation the liberal wages and adequa'
a.. rewards to which skill and industry al
A. Justly entitled.
~ Demand of the Hour.
- ~ "a