The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1900-04-19
report that the cost from the start has
a yara yaI I nor cont

averaged / per cent.
If this is correct. and there is no rea-
son to doubt it, there has been charged
up to the ordinary expenses of govern
ment $S5.935,O02, which should have
been charged to the expenses Of the
public debt This must be added to the
1851 .OOO, 600 named above.
This shows by the face of the treas
ury books that the excess of payments
and the face of the Indebtedness now
outstanding is S3,025, ,594 ,099O2 more
than we ever received from our bonded
or other evidences of Indebtedness
The books of the Treasury Depart
ment show that 50, Iii, ,744,S76 of bonds
were sold for greenbacks which were
worth at that time S1.612. sos. .202 ard
were subsequently redeemed in gold.
This reduces the amount actually re-
ceived for the bonds by the sum of
$50, ,S36.6T3. This must be added to
the cost of the loans, which makes the
net loss up to date over and above the
amount received from the bonds and
to $500. .430. 1902. = Congressman
Maddox of Georgia.
Not Much of an "Open Door,"
Porto Rican policies may be hard to
understand, but they are mere child's
play to the mystery of the open door,
The laboring mountain of diplomatic
intelligence ut the State Department
has delivered its mouse. The fateful
correspondence has been sent to Con
gress within twenty-four hours after
the officials had solemnly asseverated
that no such thing would be done. 1t
will be seen that last week in these
letters the full scope of the replies to
Secretary Hays inquiry was forecast.
Great Britain, as was expected. backs
Hay in every particular. Salisbury and
Hay We're striving to bring about a
great congress of nations in which an
other grab might he made in the in
terests of benevolent assimilation aud
AnglO-SaXOn supremacy. Italy, which
has no earthly interest in China. chimes
in with these two worthless. This on
account of the existing AnglO-Italian
alliance was also to lre expected. Since
Italy became an amateur robber in
Africa, her taste for plunder has de-
velOped. Stripped TO verbiagc. Ger
many and Russia reply to the United
States that the ports of Kiau Chow and
Italian Wan are Chinese territory; that
the interests of the leSSees are Subordi-
nate to Chinese sovereignty: but that
the two ports are and have been al
ways open to trade without distinctions
against individual nations. The re-.
plies then 20 on IT, state that as long
as the status quo exists no change VIII
be made in the tariffs or port regula-
tiOns. No assurance of perpetuity is
given. The fact is Secretary Hays
boastcd "open door" has been slammed
in the face of the absent minded beg
gar who truculently sought 10 inter
fere in Il matter not of his concern.
Secretary John Hay has high diplo-
matte reputation alaong farmers, for
much the same reason that his chum.
Lord PauncefOte, enjoys fame. He has
never succeeded in Il single diplomatic
effort. Lord Pauncefote is Il great
diplomat because he failed 10 negotiate
the arbitration treaty, the alliance
treaty, the conclusion of the joint high
commission, and the Nicaraguan Canal
treaty. Mr.. Johnny Hay has Il similar
record