Daily Kennebec journal., 1901-03-07

to see what solution We are going 10
make W this problem. Let us Do it hon
cstly ana fairly ANA faithfully under oC:
oathS as We vuud do il if it wcrt a mat
trr vi business i'll which W. were person
ais interested,
Now thc treasury estimate. as Won s"c
from Senate, document No. II. of the rev
cutc OF the next Two years based upon eN-
listing IAN. Is &;.i>l,5iS. We must add I"
that. aud it is necessarily an estimate.
the amount which il 10 hc received ny
the treasury from the increase in taxes
under laws we have passed ana shall pass
at this session. It has been stated to mv
by 4 member Of the taxation committee
that the committee estimates that the
/ net increase in rcVenu" to tie received
from these laws will DO $225vn each year
for the two years. or Il total 81 $i7+""
4 Now add the $i5OoOo to the treasurer :
estimate of $.4>l 900 ANA We have tntat
estimated income of $,9Sl,3iN We have
that estimated income to meet total cN-
, pcnditIrc. on the basis which We nave
rnckon"d before. Of Sf,%lI,ao" There, gen
| tlrmcu f., Il deficit already OF $}S1,HA II
We stop now and appropriate only f":
those things which We are absolutely
obliged to appropriate We have now dt-
ttcit uf $jS5.mU. Now how are we going
10 meet mat deficit? There is only one
| way and that is by a temporary loan.
| Now thu present temporary loan Is $''''-
lo,o If We make am additional temporary
nam Ia take care Of that without increas-
inc the Indebtedness OF the State, we
have then S$5o,Aop with which 70 meet
this dciicit of $aH5,oOo, which viii stl
leave a dcirit Of >%''"o.
II Il perfectly apparent that in order to
meet the appropriations which we have
lIrcad, made and those which must b'
made. that nur temporary loan must be
increased We must now add to the in
debtcdncss of the State. and you nave
observed this morning that we have al
rp,dv proceeded to do it. We have taken
stems toward doing it. we have authorized
thc STATE treasurer to make temporary
iIo.us amounting to S450,~'0, an increase of
| s1on tmn Now suppoSnE he does make
those temporary loans to that fun
amount Si500oo instead of the present
loan of $4,000 Then we have only d
marcin ~ $5.oU Now ! ask you, now
many Of these special extraordinary ap
propriations have we any right to make
| at the present ltIl'- W I 't'hiD iNiN' ~
ory man Of US, whether a Republican or
Dcmocrat-this is not IA political question
both partieS through the campaigns
in which We were elected to this Iegisla
turc we're pledged to the strictest econ
lomv in Expenditures Of the States mon
~. We All know that for the past two
wears tax revision has been the theme
from IN, cnd Of the State to the other
and If has been generally understood that
tbis LEGISLATURE was to revise and make
imnnrtaut changes in our tax system.
Now gentlemen, ask YOU in ali fair
,.vs what benefit Will il be to the tax
inavcrs of this State. to your constituents
~ mine. il We go back to them and have
to admit that while we have increased
tbr TAX rate on Il few corporations. rail
ro,ds telephone and express companies
10 have spent every dollar of the addi-
i,ionaI revenue which has been raised in
concentration. and that the tax rate has
,,t AMY not been decreased but has beer
Increased? | say to You that under these
,t,.,,ras il is Il fair proposition that unless
III. ,au a halt we shall have to do one
of three. things-leave q deficit at the enc