The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1898-03-31
Moro Diu-Iey Deficit.

more D1nSISS DtHSits
There was sound of revelry in the
Republican camp over the fact that for
the month of February the business OF
the country showed Il surplus in the
treasury of about S1.500.000. There
was nothing said about the deficit of
about $50000.000 which has peen
caused by the operations of the Ding
ley tariff. but the fact that for the first
time since the bill went into effect
surplus was shown in the monthly re-
port was trumpeted far and wide.
March has not given much cncour-
agement that the experience of FebrI-
ary will be repeated. The showing for
the first week is as follows:
Expenditures .S11 .0S2,600
Revenues Observation-Disclosures. S,9-o, 100
Deficiency .....--...... S-'ioi'-of
The showing for the fiscal year from
July to March is as follows:
Expenditures ...........-.S2 S2.o6o.S2o
lJtHcltItN @'''i''c'''A'
With a deficit of over SOL 100000, the
prospect of catching up with expenses
is extremely doubtful. Even if the tariff
could do as well each month as it did
last February. it would take more than
four years TO balance the books. As
Mckinley has but three more years to
serve. L looks as though his admins
| tration would have the deficit perma-
nently associated with it.
| If the Republicans could be taught
ANYTHING, they would begin to learn
! that protective tariff cannot produce
revenue. And if the experiences of the
cotton mill owners teach anything. they
| teach that the Dingley bill is failure,
even as protective measure. SO lar
As can be determined by the workings
OF the Dingley law up to date, it is the
most monumental example of Republi-
can folly that has ever been given to
the people of this country. And We;
the Republicans claim that they belong
to THE party of reform
Railroad Law Up-to-Dnte.
The Nebraska freight rate suit. in
volving the power of injunction by the
Federal courts rs controlling the iegls'
lative. executive and judicial authority
of Il State. is one of the most important
innovations upon State rights that has
occurred in our history. Its importance
is emphasized by the fact that the Dem
ccratic candidate for President ut the
last election. Hon. William J. Bryan
was counsel for the State of Nebraska
year ago. when the case was argued
before the bench.
This decision was rendered by sever
judges of the nine, namely, Harlan
Gray, Brown, Shras, White, Peckhan
and Brewer. 1t holds that, though the
Federal court could not have enter
taincd suit to enioin Il State, ii ear
enjoin and forbid State law; and thai
il does not need to have any statute tt
grant it that power. but can exercise
it, at its own discretion. IN order to es
tablish what it considers TO be equity
That a State, in chartering Il railroad
corporation, cannot reserve the author
ity TO fix railroad rates and charges
And that the Federal court can, an'
will, intervene to see that n railroad
corporation makes Il profit on its cap
ital. The decision is said TO beneii
every railroad and to tax every mer
chant, trader, farmer and traveller, wh'
uses railroad facilities in the State o
Nebraska, and it will, of course, be util
ized and acted upon by every rallroA'
in every other State.
Any State which favors incorpora
ton and consolidation of capital IN cor
pOrations may learn, from these decis
ions, that its control of its own cor
porationS ends with the signing OF thci
charter.-New York News.
Hanna's Bold Game.