The times., 1898-02-03
THURSDAY, FEBRUARY 3, 1898.
DtngIey Deficiency Prosperity.


1t is extremely cold weather for a
greater part OF the country. It is also
arctic for the Administration. Not all
the united genius Of Hanna, Reed ana
Dingley: not all the cheese-p pairing OF
appropriation bills in which they are
wildly Joining. can conceal the fact
that the fiscal system their party has
Yiciously imposed upon the nation
while it is pouring millions every
month into the Golfers of a few favored
campaign creditors, is creating a most
alarming deficiency in the public reve-
nues.
The Treasury statement for January
shows that the receipts for the first
month of 1895, exclusive Of the payment
on account OF the Union Pacific sale.
were $2S. .795. .227. while the expenditures
were $50, sss I'll, leaving deficit Of 81
sol. 4S4 Not counting previous pay
nsenis on The Union Pacific sale, the re
ceipts OF the Government since July !,
1897. have been S1S7. .5S7,37S, and the eN-
penditures $2S9. 439. POI, a deficit of SOL
90l, So. January y, at the close Of
business. the national debt was stated
at $1.011, .01, 33S, indicating an increase
for the month Of SIP, $50, 771
If there is anything in these figures
which, under the peculiar system of
bookkeeping adopted by the Admins
tration, are certain to present the situ-
alton in a light as favorable TO the
party in power as would be possible
without detection and exposure that
rulers Of the Union can get any comfort
out of, we are free to remark that they
are welcome TO it. a darker commen-
tary upon McDinsley prosperity could
not have been written by the pen of
the most conbemptuous scoffer at it's
hypocrisy and fraudulence. Here in sew
en- months we have a Republican def
cheney of over So, 900, 600. Where are
the wheels that Were 10 go buzzing for
the benefit of labor after passage of the
tariff bill dictated to the stock ticker
by the Sugar and other trusts with
share margins to put up for votes?
Where is the prosperity which was to
flow from the vast profits guaranteed
in ii to those who subscribed SIG, 900 600
to purchase the election Of Mr. Mckin-
ley?
If any man is able to discern the Wis
ibility of these promised blessings, let
him get out his Tyre and play us tune
to that effect. Are they seen in the
cutting down Of wages in the New Eng
land cotton mills from the lordly pro-
portions of six dollars a week to three
or four? Are they apparent in the
lockout of the iron workers in Della
ware? Are they to be inferred from
the billions Of idle money lying in
vaults in New York, because falling
prices and contraction make all invest
ments except money futures based up
on taxes certain loss2
The present fiscal system, which is
one of the principal factors in produc-
ing such situation, has been tried long
enough TO demonstrate its complete
failure to the satisfaction of any econo-
mist not hired to distort or ignore
facts. To say that it is doomed is su-
perfiuous, The next Congress Will
make rags and tatters Of it, and give
to America tariff law which will pro-
duce revenue, and it will be one that
viii make the 1896 campaign creditor
trusts and monopolies howl with pain.
The deathllneH of McDingleyism will
be tolled in November