The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1900-01-05
NATIONAL FINANCIERING.
the Rate at Which Oar Great
Debt n. Growing

Total expenditures for the same
period. sis-23+.f3J-siI-
Dstcit. SIs9.c10.31l-
Add present debt. sI.964 .s37.1so.
Add annual deficit. consts ntly grow
inc. sl01COCco0
Add contraction Of the currency, ST.
CsO. 0c1 600 annual expenditure. the orr
entail possessions etc. and where is the
American citizen -at7" Upon this
showing The treasurer Of the United
States declares this country is highly
prosperous II exhausting the re-
sources Of the country 10 meet expendi-
lures foreign to the government indi-
Gates pros Pe-ity- we are indeed rolling
in wealth
Ii should be remembered also that
the whole Of the deficit caused by |
Spending more than We receive, has !
taken place since the republican party |
came fnto power Previous 10 that time |
the government managed 10 get along !
on its income The incapacity Of the |
republican party to handle financial
matters will appear in comparison OF
the public debt at various stages OF its
existence A year after the close or
I the war. on June 30. 1850, IL amounted
TO ss-73a36.l -6. at the present time.
IS stated above. il is $780,. s3T, 100. IL
would APPEAR therefore that during the
&C years which have elapsed since the
end OF the war we have reduced the
debt 10 the extent of ss0s .399.043, an
average OF not quite s2i-500o1o per
wear But this is a misleading propo-
.irTou. for in fact the debt is very much
larger now than it was at the end OF
the war. The size OF the debt depends
upon the. ability Of the debtor TO pay
FOR instance. the man who is worth
81. 0aa. 900 can pay 100000 easier than
the one who l. worth nothing can pay
SO. But there is even better Illus
tra-i0n in the national debt itself. OF
course every one knows that the debt
must be Paid with what the people pro-
ducr-ir other words. it must come
Que os the ground in the shape Of corn,
wheat. minerals and other products OF
wealth. There is no other way to pay
4 debt. Consequently. At the end o.
The war We could nave paid our debt
with rI2s 100000 bushels of wheat.
while AZ the present time it would re-
cufre about 3.90O.1c0.0Q0. or more than
three times as much. The public debt
l. therefore actually three times great
sr than it was 80 years ago. in spite of
The fac, that We have paid over $780,
100000 Of the principal. This IS not
! juggling with figures Ii is plain
Z statement Of Il simple fact. In 1850
We assumed 4 debt Of s.. 773- 236.113, and
we had 1.raS.C00.c0 bushels Of wheat
70 nav IL with That was the bond and
: CONTRACT entered into. Since then We
have raid ssCs. 5e9.047 of the principal
} besides the interest. and our creditors
I demand more than three times as much
Z wheat for the remainder of the debt
Z a we agreed 10 pay for the whole
I amount You cannot figure il out any
other way. That j. . plain and sim
= pie statement Of the facts as they ex
III. And this condition of affairs ha'
! not happened by mere chance. or thu
4 oneratiors OF divine providence. a
i, some would have VS. believe. Provi
: deuce had ncthing whatever 10 DO viii
il On the other hand. these eonci
I. lions have been produced by the de
ITherate calculation and scheming o
: the devil of iinarcc. for the expires
I uurrose 81 making Us pay our deb
three times over That is the mearirl
OF the gold standard and il the peopl
would Law their partisarshiP aside an
look at the matter with their eyes oper
!. thev would see il plainly
Put there Is something more. Durin
the period that We have been tryin
10 nav our honest debt we have PAL
the national banks a gross profit {
S. e5s.5-4.651-for what? VIII anybod
tell Us why we should have paid th
hanks that enormous sum. which
\ nearly half a billion more than n
total cost of the war; Some will sa.
because they guaranteed our none
Z" and made il good. They did nothin
Of the kind. The money was guaral
seed bv government bonds. the ver
bonds that represent our debt. ltw'
the same as IL a man. owing debt ar
- paving IL In installments. should pa
three dollars 10 o disinterestsd outsid'
every time be paid one dollar on Il
~ debt. a man who would do such
- thing would he regarded as an Idle
g unless the outsider held club over b
head and compelled him to pay IN
enormous tribute And that IS precis
~ the situation. The national ban
have held legislative club over q
heads Of the people and robbed thei
In all the histories of governmen
thcre has never been anything SO
= famous as this national bank robber
and the republican party stands spo
~ sor for it, Mississippi Valley Dem
!, GRAFT
- "wnrkinu Tn" Goods.
h. The trusts are advancing prices