Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1897-03-25
!. URGED |. D TO A T.
Presto ent cKinley Makes an Al
sf2s peal to Congress.

i us g.
Need q a Tariff Law e Increase the
Country's Revenues Declared to %
Be the Imperative De-
mand OF the Hour.
Washington, March 16-The presi.
dent Monday sent the following mes
sage to congress:
ITO 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
10 indispensable because OF the condition
IN which we find the revenues of the gov
ernment. It IL conceded that ityS current
expenditures are greater than It's receipts.
and, that such 2 condition has existed for
now more than three years. With unlimit-
ed means at our command, we are pre-
senting the remarkable spectacle OF in
creasing our public debt by borrowing
money to meet the ordinary soutlays Incl,
dent upon even an economical and pru-
dent 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-
oltlon OF the revenue which allows it ia
un)ust1hable and should be corrected q j
I'VE 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 $4e5, s6s. 26o.22. and the .ex-
penditures for all purposes were SALE. 95s
penditures of So. 4.45s.66. During that fiscal
year $4O. SO. 67.9S were paid upon the public
debt. which had been reduced since March
l. 1883. $259. $3.50. and the annual interest
charge decreased $l1. 634, $1,000. The receipts
OF the government from all sources dur
Ing the fiscal year ending June 30, 1899
amounted to $461, 716, SCI "a, and it's expend.
lures to $459, 374. S57.65. showing an excess Of
receipts over expenditures Of 81. 81, 674.29.
Since that time the receipts of no fiscal
year. and 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 fs-
sal year ending June 80. 1894. were 1912. :
SO2. 49S. 20 and its expenditures $442, 6O5 75S-
u, leaving a deficit, the, first since the re-
sumption of specie payments, of SIS, 500. FAC. So
Notwithstanding there was decrease Of
Sle'769'l2S.7S In the ordinary expenses of the
government, as compared with the previ-
Gus fiscal year, its income was still. not
SUFFICIENT to provide for its 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. ST Il -
I'm, February, 1894, $50 1000 In bonds
were issued. and in November following a
second issue of $50. 900 900 was deemed neces-
by the sale Of these bonds but the reserve
was steadily decreased until, on February
1895. third sale of $62. sl5, 400 in bonds f0r
100. 1924 was announced to congress. 8 81
The Yearly Deficits.
1.-THE receipts Of the government for the
373. 20S.30. and the expenditures a&4S3, 49,
426.4S. showing q deficit of S$42,SO5 223 49, a
further loan of 800. 100000 was negotiated
by the government in February 1896, the
sale netting Sill. 1920. and swelling the
aggregate of bonds issued within three
years to $262, 3l5, 400. For the fiscal year
ending June 30. 1896. the revenues of the
government from all sources amounted to
500, 475, 4os Is, while its expenditures were
S434, 678. 654. AZ, or an excess Of expenditures
over receipts Of $2s.2o3. 2457o In other
words. the total receipts for the three
fiscal years ending June 30, 1896. were in
sufficient by $137 81. 72946 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, exclusive
Of postal revenues. were 1851. 5O7, 60376,' and
its expenditures exclusive Of postal serv-
ice, $195, 410, 0O0.22, or an excess of expendi-
lures over receipts of So, 9O2, $685. In Jam
uary of this year the receipts exclusive Of
postal revenues were $24,3l6 994.O5. and the
33o269. $780, o. deficit Of s5.a "a for the
month.
The Total Deficit.
In February of this year the receipts, ex-
elusive of postal revenue, were $24, AGO.
997.3S, and expenditures exclusive of DOS
tai service $2s, 796, $685. deficit of 81, $685.
059. g.: or a>total deficiency Of $186, O61 $50 "A
for the three years and eight months end
ing March /, 1897 Not only are We with
out surplus in the treasury. but with an
increase In the public debt there has been
q corresponding increase in the annual in
terest charge from So, 500, $500 in 1892, the
lowest OF any year since 1852 to $34,327,-
2S7 60 In 1895. or an increase OF Sill, 493 a. 40
"''It may be urged that even if the rev
enues of the government had been suffi-
cient to metal its ordinary expenses dur
ing the past three years., the gold reserve
would still have been insufficient tor eet
the demands upon it, and that bonds would
necessarily have been issued for it's reple-
ton. Be this as it may, it is clearly mani,
fest. without denying or affirming tho
correctness Of such sa&conclusion, that the
debt would have been decreased in at least
rthe amount Of the deficiency, and business
confidence UNNECESSARILY strengthened
throughout the country. o. J.
Should Be PrOmptly Corrected.
congress should promptly correct tina
be supplied not only for the ordinary ex-
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 agric,ll-
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 lib
eral wages and adequat e rewards to (Which
skill and industry are justly entitled The
necessity Of the passage of a tariff la W
which shall provide ample revenue need
not be further urged. ns The imperative de-