The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1898-05-25

lows:
National defense appro-
priation (already made). s50,000, 900
Army Notifications and
Navy Act of May a. s5,7OO,ooO
Naval increase over peace
expenses. .......-. a3,lOO, 900
Naval deficiencies, on ac-
count of war. ......... ss,a75,OoO
Naval establishment Gin
crease over peace re-
quirements) -. $4,000, GOO
Naval auxiliary bill Zap
propriated) ............. 1000, 900
Army increase, on acct of
war. ............... 80. 100000, 900
Immune and engin'r bills. $4,000, 900
Fortifications and miscel-
laneous.. s............... 4,117,6OO
To this add the regular ex-
penses of the governm't
for the fiscal year 1899
estimated and appro
priated) ......... -. 4SO,S49,s5
And we have grand to-
tai (of revenue to be
raised during the year
for civil and military ex-
penses) Of just. ......... $50, ,042, ,450
But the regular receipts
(estimated) during that
time from the laws al
ready in force will amt
to only. y................. 1872, ,s74, SAT
Which will leave def
cheney for the first year
Of fully. ............... 377,167, SOB
Now, Congress is at work on war
revenue bill (now the unfinished bus
mess Of the Senate); but the bill, as
it passed the House, purports to
raise only s100,000,000; and, as it
was amended by the Senate Commit
tee on finance and reported back to
that body, it promises only an addi-
tional 50,000,000-making $150,000,
900 in all, even if it passes both
Houses and becomes law just as it
was reported back to the Sepate.
But that is not at all likely, since the
two Houses are far apart not only as
to the rates of taxes to be assessed,
but even as to the very theory and
subjects ofthat ta1ation-the Repub-
licans wanting the tax placed upon
consumption, while the opposition
wants it placed upon property-values.
Granting, however, that the bill will
become law as it stands in the Senate
there will still be deficiency, during
the first year, of $127,l6 7,S03-to be
raised by the issuance Of Govern
ment bonds; for, although the Dem
ocrats, Silver Republicans and Popu-
lists in the Senate may be able to pre-
vent the authorization of any further
bond issue, they cannot prevent
bonds from being issued. There is
an old law still in force under which
the Secretary of the Treasury can is
sue bonds to replenish the gold re-
serve whenever it happens to fall be-
low the the Sl00,000,000 mark; and
the Hannas, Morgans, Belmonts and
other money gho2ls do not intend to
be deprived of this chance to suck
Uncle Sans blood. They are bound
to have the bonds and they are sure
to get them, for the war revenue bill
is going to fall short of providing the
necessary revenue, and Mr.. Gage
tbeir plutocratic Secretary Of the
Treasury)is even now reducing the
stock of gold on hand so that it will
be an easy thing for the blood-suck-
ers to make raid upon the Treasury
and force the bonds out. S42,4SS,-
427 of revenue can be gained by coin
ing the seigniorage on the lO9,355,-
5l4 ounces of silver bullion (purchas
ed under therecent Sherman law and)
still in the Treasury, uncoined, on
May l3, instant. 1t cost only $685.
S74,662, and has a coinage-value OF
s14l,S63,0S9; but these blood-suck-
ers will not let it be coined: for they
would rather have that amount IN
bonds.