The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-05-05
manned Ben Add Rahman, but is gener-
ally late to breakfast after doing SO.
rHAr ..ANcIENr AND HoNoRAR1.E,

THAT "ANCIENT AND HONOR.ABLE.'
The ancient and honorable financial
policy of the Republican party produced,
sued by the treasury department for
April. deficit for the current year of
$100, 300. 2SS, 'but,"-there has always been
a fateful "but" at every development of
the probabilities are that the deficit
at the end of the fiscal year will not ex-
coed the s1120OO,OO0 estimated by the sec
rotary of the treasury. With what equa-
contemplate deficit double that of any
that appeared during the Cleveland ad-
ministration, when each successive
monthly statement threw Republican off,
agonized apprehension of what the coun-
try was coming to under a tariff that pro-
duced deficits. The echos of their frantic
appeals to the country TO Danish a party
that enacted "a tariff for deficits only
and for the restoration Of a party with
an ancient and honorable financial
policy that always left q surplus in
the treasury at the end of the year, have
not yet died away. and yet. we see them
regarding with complacency a deficit Of
09,O00,000. and with calmness the prob
ability that 1t will not grow to exceed
10000 DOE in the two remaining months.
Leaving out from the receipts the $12.-
100000 received from the sale of the Pa
cific roads. and from the expenditures the
$2O. 600 paid for the purchase of Aguin-
aldo insurgents. we are assured by the
inspired statement sent out from Wash
ington that the April receipts were only"
100000 less than for March. and the ex-
s3.OOOO0O greater than for March, and yet
the treasury Gas opes' that expenditures
will not outrun income more than S112,-
100000 by June 80. With outgo increasing
and income falling off there is a cheer
fulness in this contemplation of the work
ing out OF the ancient and honorable"
that would do credit to Mark Tapley; in
fact rather outdoes that famous embodi-
ment of hopefulness.
If the Republicans ever do turn
back the pages and re-read the
of terror from 1894 to 1885, they can hardly
share the equanimity of the officials Of
the treasury They will recall the denun-
Citations of the Wilson-Gorman tariff act
that produced monthly deficits that look
modest compared with those now being
declared. They will recall the promise
of their party to abolish deficiencies and
restore SURPRISES. They will remember
how confidently Chairman Dingley pre-
dicted that his revenue-protective tariff
bill would, within year from it's enact
ment, produce income that would exceed
that Of the Wilson-Gorman act by $780,
$1,000, and they will shiver when they
learn that it fell short Of producing as
much last year as did that reviie6 meas.
ure in It's year of least production. But
we have had war since. True, and we
have had new revenue act, on the lines
of 'the ancient and honorable" for the
express purpose Of providing revenue to
meet that wars cost; and, in addition,
we have increased the national debt $780,
900 that went into the fund for the
conduct of the war. Still. in spite
of the Dingley tariff and internal
revenue acts and the 5000. OCo. 900 loan, the
ancient and honorable financial policy"
brings forth deficit for the nine months
of this fiscal year of $1o9.000.0o0. This
financial policy, like the Holy Roman
Empire" that was neither holy nor
Roman, is neither ancient nor honorable.