The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-02-10
cANNON'S NOTE OF WARNING.
NECESSITY FOR RETRENCHMENT
IN PUBLIC EXPENSES.


Neither the ship Subsidy Bill Nor
the Nicaragua Canal Bill Can BE
Passed at the Present Session.
Cages Deficiency Estimate Greatly
Increased-Bond Issue May Not Be
Necessary.
Washington. Feb. 9.-Chairman Cannon
of the appropriations committee of the
House in the course of the general de-
hate on the sundry civil bill to-day, sound
cd note of warning against extravagant
appropriations, and practically served no
tee that neither the ship subsidy bill nor
the Nicaragua canal bill could be passed
al this session.
Although he specifically disclaimed
speaking for any one but himself, the
statements he made, coming from the
chairman of the appropriations committee,
caused great interest.
Mr. Cannon made a general statement of
the revenues ana expenditures for the
present fiscal year. increasing Secretary
Cages estimate of the deficiency in the
revenues from SIP, 100000 to $159, 900 600, ex-
Spain under the provisions of the treaty
Of Paris.
Mr.. Grosvenor of Ohio, Mr.. Hepburn of
Iowa, and Mr.. w. A. Smith of Michigan,
although they did not enter into any
lengthy discussion, took issue with Mr..
Cannon but he maintained that our rev.
euues might be sufficient to meet our ex-
pendituros for the next two years if no
new lines of expenditure were entered
upon. lie indicated that it would be a
close margin and that new expenditures
might mean a bond issue
The Treasury balance.
The cash balance in the treasury Feb.
J. including the 100000 gold reserve.
was S274000 900. Two hundred million of
that had been put into the revenues by
the war loan. Deducting the monthly es
umated deficiency for The next five months
there would, he said be in the treasury
July l. 5-0S,OJOO00. This was a conserva
i've estimate. There would be therefore
SlHG0oO0 to meet the ordinary expenses
Of the government on that date.
Ihese figures, he continued. took no ac-
count OF the sinking fund. To care for #.
would require $5S,000,0OO additional. The
secretary of the Treasury estimated the
expenditures for the next fiscal wear ex
elusive Of the sinking fund, MIR. Cannon
slio, az $4l 100000 and the revenues at
''ty'VV''VlO' or a deficiency of $S1 100000.
- Mr' cannon continued, Secretary
Ddse could not possibly have foreseen in
li's e7llnates for 1900, the changed condi-
,ons which followed the negotjation Of
'ne peace treaty, the expenditures which
necessarily follow our OCCUPATION Of the
lHlipplnes and the obligations which we
assumed IN the peace treaty to discharge
1Ioli"s against Spain, which claims. he
understood already reached $4,000 600
Increase in the Navy.
NsI'her did the secretary's estimate. he
W. oe'u take INTO consideration the increase
~ ,Ie navy. It estimated only for the
urinary maintenance of the navv
nul the naval committee would renort
10y ~ .'' pHl provision for from twelve to ff-
1,5 new oatieships and cruisers. He
80, 'o' complain. 1t was a logical Sc
q1'"ee' The army must also be increas
ed Il was, therefore the mari Of Uis
O"' ana common prudence to fully real
~, Ine condition which confronted us.
Wv, =. i'l laese enormous expenditures upon
u.s. sala Mr.. Cannon, we must plant our
,,oolsteps with care and see that no dol
ns 5oes out of the treasury except for an
eHcieat public service.
Not Taken Into Account.
10 you take into account in YOUR estt-
"i"'e' interrupted Mr.. Dockery. Demo- |
o'@' OF Missouri the Hanna-P PAYNE SUBJ |
cannon replied that he did not in
s' 'guS H. MS calculation of a deficiency of
wv either the legislation for an effi4
ZEN merchant marine, or the construction |
OF the Ncaraguan canal He fayoro1 ~ ~ |
,,iV'ulloh OF the merchant marine IRE |
l"e'eah applause), and the construction |
W., we NlcdFasuan canal Republican APP |
,1o'9e'' cut, he added with great ON |
ei,is' am not willing to enter upon |
b,'-' OF these vast enterprises until we |
.'r gwen them fun and proper consid-
,u.'on ana until we have provided the
.V'ue 10 meet these expenditures. I
iri,t5 lnat there shall go hand in hand |
Tor heir cost"
VIII Never Spend Less.
NJ C' me gentleman mean?" interposed
-l' , armack.D Democrat. of Tennessee Chat
o"lhS to the responsibilities we have osS
at home?" ies9 iioneV
eli cannon replied that nothing he had |
r9er. 'Iu'a ne distorted into such state
~, ~. y. Hut he gave 1t as his op,nion thet
Il D,iled states would never again spand
tb. '"au was spent in the year prior to
bie var with Spain. He did not stand in
,,l ms pace seeking to cripple an eficient
p o,''., service for a great and growing
he Ion nut he was opposed to enter
".57 upon new lines of expenditure unttI
d.l....e had been fun considera lion and real
resS 9.e' ana not then unless there was al
L,f,g On The statute books revenue legis-
M. 20 meet the expenditures"
an H. cannon proceeded to point ont that
Of ~, TINE for the remaining three weeks
fb,, me session would be occunied ana
r5'''., lnele would be no time 10 Five tbest,
ei5'r.tll.ees the intelligent and proper CON
Il op.. On they should have. The whole
was aroused by this statement
No Time for the Canal.
Of ,,.,W. A. Smith, Republican
ho,, '''t,nlean, with some display Of
IN. insisted that the canal sbo,,1d
had o"s ructed even If posteritv
Mr. c 10 be mortgaged to do SO. But
sV,, Cannon replied that he cou,d NOT be
lesis55..'9'H his feet. Immature. ill-considered
barrs,aa'.i o On now, he declared. might eno-
or ,b,a me great work in the future ratb-
o. onnor, ,i.n protested against foreclosure