The Chanute times. [volume] (Chanute, Kan.) 1897-1913, 1900-08-24

.Sl
war .....,..........'''.' i-o'VVo'voo
Navy Observation-Disclosures. G0000,000
Indians ......... 100000
Pensions ................ lloUooVo
Interest .,.....'.'..''''' 4o'oVV'V"
Total announcements i9o,uV,VV
Estimated surplus $50 100000
Of the receipts for the year 1899
mot given hel'e) 81, 900 came from
the war tax provided in the act of
June 10. 1898, and during the first
nine months of the present fiscal year
the sum from this source amounted
to $50, 1870, 900. For the whole year the
secretary estimates that ii will be the
same as in 1899, and he has included
this sum in the line devoted to inter-
nal revenue.
BY subtracting the war tax from the
revenues for the current year clear
surplus of $25,000.000 is found to have
beer derived from the net ordinary
receipts, and for the year ending l9ol
the estimate shows Il like surplus OF
$37, OOO.6 Without the war tax in
these two years the net surplus would
have been $62 100000, and with the
war tax it amounts to 1852, 900.
or more than enough to complete the
Nicaragua canal.
The expenses of the war and navy
department during these two years
were extraordinary. In 1897 the eX-
penses of both of these departments
were but $53 100000, as against $780,
OO0, 900 for the current year. If the eN-
penses for the current year in these
departments had been no greater than
ordinary more than $100,000,000 could
have been added to the surplus reve-
nues, and this without cent of war
tax.
The showing for the revenue laws Of
the republican party is something
magnificent and it is made to appear
more so when we remember the dire
full predictions of the democratic party
at the beginning of the Mckinley adj
ministration. Under the operations
of the Wilson bill and other revenue
legislation made by incompetent demo-
cratic congresses, the administration
of Grover Cleveland showed net de-
ficiency of $155,O0C, 900, which had to
be met by the issue of Understanding
bonds. Finding that its four years of
laundering had depleted the treasury,
increasing the national debt, paralyzed
industries and brought want and mis-
cry to the land, the democratic party,
declared that the republicans could do
no better and that they, too, must
issue bonds. Who hasn't in mind the
iibes and ieers with which the Ding
ley lawwas greeted? TWAS assertedby
democratic members of congress that
deficits would continue to pile up and
that the country would soon see the
abortiveness of republican schemes of
financial legislation. The democratic
national convention went so far as to
repudiate the financial record of its
own party, and solemnly warned the
country that republican success meant
more debt-maling, more treasury-de-
pletion and more interest-paying.
Even year after the passage of the
Dingley bill, but before it could COM
mence to work normally, we were con-
stantly told b. the democrataic press
that it was failure as a revenue-pro-
ducing measure. The first year of the
Wilson bill produced $131, 100000 reve-.
nue.; last year the Dingley bill pro-
duced $233, 100000, and here we have
the whole story.
The democratic party has been so
thoroughly -discredited by current
events that it appears ridiculous if not
shameless in its attitude before
the country. At the beginning of the
present national administration it
was campaigning on the theory that
the republicans did not know how to
handle the finances of the nation in
way to pay expenses. In three short
years 1t has been compelled completely
to reverse this position, and is now
preparing to campaign on the old, old
charge that dangerous surplus Is
about to accumulate in the treasury.
The republican administrations have
never failed TO reduce the national
debt. The most recent democratic adj
The republican party gathered abund-
ant tithes from the people in man.
ner which added to their general pros
perity. The democratic party gath
cred less than enough to pay the legit-
innate expenses of the government, but
its method cost the people thousand
times the amount they paid into the
treasury.-K. G. Journal.
Candidate D,bs declares that he win |