Iron County register., 1898-12-29

Thus from July 1, 1892, to December
OF this year, the federal government has
expended over $780,, ,0O0, 600 more than it
has collected from taxation, and It's
present state in this respect is far wors1
than the first.
War viii largely explain the huge
deficit of the fiscal year, 1898; but the
still larger deficit now being piled up
aid amounting to above ss3,o0O,Ooo for
the five months since June 80 last, has
been contracted after new sources OF
revenue have been tapped to an es-
timated extent CT from S125,000,000 to
S175,o00,o00 year, and under condi-
tions as to army and navy expenses
which now promise to become perma-
6ent and which this administration Is
striving to make permanent. Since hos
tilities with Spain were suspended and
half the volunteer army was diSbanded
aid the navy was practically put upon
a peace footing, the monthly deficit has
averaged over S10.O00.O00. 1t is now
likely 20 remain indefinitely at nearly
that figure under present conditions of
taxation and projected policies of i'm
perial domain.
Two great revenue measures have
been enacted within Is months for the
purpose CT placing the government on
a revenue-pay!ng basis. and the govern
ment is as far from that position now
as it ever has been in the six years of
deficit. 1t is living on borrowed money
to as great or a greater extent thai
ever.
The actual ordinary expenditures of
the government in the fiscal year 1857
amounted to five dollars per capita tax
of estimated population. The ordinary
expenditures now prevailing are at the
rate of nine dollars per capita of es-
timated popula ton. The actual tax
revenues collected from the people in
1897 amounted 10 about $3.50 per capita.
The actual revenues which must be COL
lected from the people under the pro-
jected policies of the Mckinney admins
tration will amount to nine dollars per
capita yearly. We have been and arc
nowpaying our way partly on borrowed
money. But this cannot continue with
out national bankruptcy. The fui;
measure of the new financial burdens
of the imperial republic is yet to be cur
rently assumed by the people.
When these burdens are fully as
sumed through current taxation, it will
appear that Ihe actual federal tax bur
den upon the masses of the people has
been increased by 81 per cent.-that
federal taxes have been nearly doubled
within two years. That is the amazing
record to be written of Mr.. McKinley's
administration as it is now shaping tn
course of things.
These fedora! taxes are collected chief
ly from consumption-inste of from
ircome or property. They consequently
fall upon the people in nearly equal
weight or amount per individual, and
are collected in unseen ways. If they
were collected by federal tax gatherers
from door to door, the administrat ton
of Mr.. Mckinley, under the policies il
has voluntarily and eagerly projected,
would be obliged to send forth its min
icns to collect S45 from each average
family throughout the naticn, where
only S24 was being collected when Mr.
Mckinley came into power. The ad
ministration which undertook that col
lection would not live cay beyond the
time in which the people could get at it,
and the imperial policies it was so COM
piacently promoting would be buried
under furious popular uprising
SDrin pfield (NIassO Republican,