Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1899-02-16

the Paris treaty. Exclusive of that
the bill carries sSs095,75S less than es-
timated, and s5,929,311 less than the
current law. The secretary of the
treasury in October last, Mr.. Cannon
said, had estimated the deficiency of
revenues for the fiscal year ending July
L, 1899, to be SII2, 1000, 900. The actual
deficiency up to February 1, 1899. was
S5,l51 900. At this rate the deficiency
for the fiscal year will be $3.50. 600. 900.
But this would not include the 500
100000 provided by the bill to carry
out the provisions of the Paris treaty.
L he cash balance in the treasury Feb
ruary 1, including the 100000. 900 gold
reserve, was S274,000, 900; 100000 900
OF that has been put into revenue by
the war loan. Deducting the monthly
estimated deficiency for the next five
months, there would be, therefore,
SlOS,0Q0,000 to meet the ordinary ex-
penses of the government on that date.
These figures, he continued, took no
account OF the sinking fund. To care
for 1t would require $50, 100000 addi-
tlonal. The secretary of the treasury
estimated that the expenditures for
the next fiscal year, exclusive of the
sinking fund, would be S641, 000, 900 and
the revenues 500, 1000, 900, a deficiency
| OF S31,O00,000. Yet, Mr.. Cannon con-
tinued, Mr.. Gage could not possibly
have foreseen in his estimate for 1900
the changed conditions which followed
the negotiations Of the peace treaty,
the expenditures which necessarily
follow our occupation of the Philip
pines and the obligations which we
have assumed in the peace treaty
to discharge the claims against
Spain, which claims, he understood
already reached SO, 100000. Neither
did the secretary's estimate, he said
take into consideration the increase of
the army and navy. Mr.. Cannon said
that he did not include in his calcula-
| ton OF a deficiency of $4,000, 900
either legislation for an efficient mer-
chant marine or the construction of
| the Nicaragua canal.
Washington, Feb. 1.-The general
debate on the sundry civil appropria-
! ton bill was concluded in the house.
The speakers during the day touched
a variety Of topics, but as a rule the
debate lacked spirit and interest. Dur
ing the course of the debate Mr.. Hep
burn, chairman of the interstate and
! foreign commerce committee, gave no.
tice that he would offer the Nicaragua
canal bill as an amendment to the
sundry civil bill. He said that he had
| been moved to take this course by the
statement made by Mr. Cannon Thurs
day that the bill would not be consid-
cred at this session. Mr.. Hepburn az
gued that the amendment would be in
order and could properly be placed
upon the bill.
| The house passed the senate bill to
pension Letitia Tyler Semple, daugh-
ter of President Tyler $500, and the
senate bill to pension ex-senator
Palmer of Illinois at $50 per month.
During the entire open session the SEN
ate had under consideration the legis-
latiye, executive and judicial appropri-
alton bill. Little progress was made,
the time being occupied with debate
on minor topics. A message from the
president recommending Pacific
cable was read and referred to the
committee on appropriations. No
route or method is advocated. A bill
was passed authorizing the Dakota
| Southern railroad company to con-
struct bridge across the Missouri riv-
er at YanktOn, S. D.