The Dickinson press., 1897-03-20
CONGRESS
Is'', ',s kINLEY,S MESSAGE TO
s'n9 LAWMAKERS
all~ ca,, n -ntion to the Dencit 4.
r 'rr paw Try and AXIS COnKress to
We *hes Prompt Constderatfon-
cr &nc of of the Iaaaaxe of a
II sthars W Which sh." Provide
spls u 1evenae.
J. following is the presidents mes

II j lne Su1STeSS Oh tne ouiseu st"sea'
fettins the necessity which has re-
j. FED me to call you together. feel that
bur assembling in extraordinary session
lf Indispensable. because of the condition
III which we find the revenues of the gov
'srnne,at 1t is conceded that its current
GditGres are greater than its receipts.
Ethat such condition has existed for
more than three years. With un-
.tc3 means at our command. We are
- ktp = the remarkable spectacle of in
GNDhR our public debt by borrowing
laaey meet the ordinary outlays In
$A4ent LsJon even an economical and pru-
&G4t ADMINISTRATION OF. the government.
All examination of the subject discloses
this fact in every detail, and leads in
cvitap!y to the conclusion that the condi-
tion ri The revenue which allows 1t is un-
1ustit;.ble and should he corrected.
We tnd by the reports of the secretary
spf the treasury that the revenues for the
pscal year ending June 30. 1892, from all
Ryoprces, were $425. .S6s 2G0.22, and the ex-
I, enditIres for all purposes were $il5, $685.
b6iH, leaving an excess of receipts over
expenditures of $9,914. 1896. During that
Fiscal year $4O.57O. 5G7.Y8 were paid upon
the peb;lc debt. which had been reduced
since March !. 1854 $3.50, ,O76, $50. and the
annual interest charge decreased $11 .6S4.-
| 576.6G The receipts of the government
>n>am all sources during the fiscal year
ending June 30, 1888. amounted to $481. =
716.!7n..a, and its expenditures to $45S.-
354s .65. showing an excess of receipts
overI expenditures of $2341.G7420. Since
that time the receipts of no fiscal year.
| and with but few exceptions of no month
| of any fiscal year. have exceeded the ex-
penditures. The receipts of the govern
ment from all sources during the fiscal
year ending June 80. 1894, were $3.50, ,892, :
| $3.50 and its expenditures SAP Coz, 75S 81,
Leaving a Dehcit,
the first since the resumption of specie
payment, of 800, ,s03 2GO. So. Notwith-
standing there was decrease of $16, 760,
lSe.'s IN the ordinary expenses of the
government. as compared with the previ-
GUS iiscal year. its income was still not
, s'Hclent to provide for it's daily neces.
SIZES. and the gold reserve in the treas
ufy for the redemption of greenback.
was drawn upon to meet them. But this
did not suffice. and the government thel
resorted TO loans to replenish the reserve
In February, 1894. $5O,OUOOOO in bond
were issued and in November following
! T. second issue of $4,000, 600 was deeme
necessary. The sum of S117,171, 795 wa
) realised by the sale of these bonds. bu
! the reserve was steadily decreased unit
On req 1895. third sale of $622, ,315, AZ
IN bonds Tor $65.1l6.244 was announced t
congress-. Ine receipts of the govern
: mers men. aeS=ths fiscal year; June 80 1se'
- SIS, 32als. A further .es the expenditure
Nwas negotiated by the government
ruary, 1895. the sale netting Sill 16G, q
and swelling the aggregate of bonds
Il sued within the three years to $262, 81;
+ 400. For the fiscal year, ending June
e 1896, the revenues of the governme
IL, from all sources amounted to 500 Al:
~ 4OS7S. while its expenditures were $43-
E1S ga AZ an nf avren6{fNr
over receipts of so, 2O3. .245.7O In 9th
words. the total receipts for the thr
fiscal years ending June 80, 1896, were
sufficient by $1S7, ,Sl1 ,729.48 to meet Il
total expenditures.
- Nor has this condition since improve
For the first half of the present fsc
Il year the receipts of the government. e
IS elusive of postal revenues, were $151 ,50i
L. 6O376 and its expenditures, exclusive
n. postal service, $195, 41O OOO.2222. or an e
n cess of expenditures over receipts Of $3i
-. 0O3 39d. 49, In January of this year Il
;. receipts. exclusive of postal revenue
10 were 24,316, ,994.05 and the expenditure
n exclusive of postal service, $50, ,269, $3.50. {
n deficit of 81, ,9522, 39:,.24 for the mont
Il In February of this year the receipts, e
r elusive Of postal revenues. were $24. .40t
IA 907 .38 and expenditures. exclusive of po
20 tai service, SOS, ,798. .O;8.G8, def1e
'e of 81. .3D,. .050.2s: OF a total deficit of $1st
> O81. .:isO.4l for the three years and eig
l. months ending March 1, 1897 Not on
are we without n surplus in the treasur
but with an increase in the public de
there has been corresponding increa
in the annual interest charge from ~:
!. 1893 $500 in 1892. the lowest Of any ye
'e since 1862. to $s4. 3S7 1890 in 1885, or :
increase of $11, 493, 414.40.
:. Immediate Action Urged.
IA It may be urged that even if the T
y, venues of the government had been SUI
% cient to meet all its ordinary expens
during the past three years, the gold I
% serve would still have been insufficient
l. meet the demands upon it, and that bon
:. would necessarily have been issued for
,e repletion Be this as it may. 1t is clear
Is manifest without denying or affirmi
~ the correctness of such conclusion tn
+! the debt would have been decreased in
least the amount of the deficiency al
the business confidence immeasurab
strengthened throughout the countr
Congress should promptly correct the e
IL listing condition. Ample revenue must
supplied. not only for the ordinary G
ts penses of the government, but for t
IL prompt payment of liberal pensions. al
20 the liquidation of the principal interest
4 the public debt In raising revenu
=, duties should be SO levied upon forei,
= products as to preserve the home mark
10 SO far as possible to our own producer
le to revive and increase manufactures:
~ relieve and encourage agriculture: to /
le crease our domestic and foreign cor
=. merce; to aid and develop mining, al
r. building, and to render to labor in eve
!, field of useful occupation the liber
wages and adequate rewards to whit
skill and industry are justly entitled. III
necessity of the passage of a tariff la
which shall provide ample revenue ne.
pot be further urged. The imperative i
e mand of the hour is the prompt enac
ment of such measure, and to this O
: ject earnestly recommend that congre
u shall make every endeavor. Before 9TH
4 business is transacted, let US first provit
d sufficient revenue to faithfully administ
n the government without the contracti1
of further debt or the continued di
turbance of our finances.
William Mckinley.
J. Executive Mansion, March 10, 1897.
ALL DOkN THE LINE.