River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1904-09-15
SOME COMPARISONS
CONDITION OF TREASURY UNDER
PREVIOUS ADMINISTRATIONS.
How the Public Debt Was Managed
When Democracy Was in Power and
How the National Finances We're
Conserved Later by Republicans.

When Grover Cleveland began the first
fiscal year, July /, 1898, of his second
term, our public debt was $1,345, 000, 900;
when the fourth fiscal year closed, June
so, 1897, it was $1,817, 100000, an in
crease of $272,000,000, without anything
to show for it.
When Benjamin Harrison began his
| first fiscal year, July i, 1889, our public
debt was $1,619,000,0 when his fourth
| fiscal year ended, June 80, 1893, it was
| $1,545, 100000, a decrease of $74, 000,
000
| When we add Cleyelands increase of
$272,O00,0O0 in the public debt to Harri-
! sons decrease of $74,000,000, we have
bill of indictment amounting to S316,-
| 100000 against the Democratic party as
result of -four years more of Grover.
When Benjamin Harrison began his
| first fiscal year, July /, 1889, he found
| $G43, 100000 cash in the public treasury;
| when he closed his fourth fiscal year,
June 30, 1898, the cash balance was
| $7O1 100000, an increase of S64, 900 600,
| without selling any bonds to increase the
| public debt.
When Grover Cleveland began his first
second-term fiscal year, July /, 1898, he
| found S707 100000 cash in the public
| treasury; when he closed his fourth fiscal
| year of that second term, June 30, 1897,
he left only 1891, 100000 of cash bal
ance, though in the meantime he had sold
| enough bonds for cash to increase the
| public debt by $272, 100000; consequently
| he really decreased the treasury cash by
| $13O, 100000 being the $272 100000
| bonds sold less the 1874, 100000 differ
ence between the 1891, 100000 and the
| $707, 100000 cash balance.
When Benjamin Harrison began his
| first fiscal year. July /, 1899, the net
ipublc debt-ithat is, the entire debt less
the cash in the treasury-was $975,O0O,-
| 600: when he closed his fourth fiscal
year. June 80, 1898, it was only $685.
| 100000, q decrease of $137 100000 as
! the result of four Republican years.
| When Grover Cleveland began the first
| fiscal year of his disastrous second term,
| July /, 1898, the net public debt was
| $S3S, 100000; when he closed the fourth
fiscal year, June 30, 1897, it was $685.
| 100000, an increase of $14S,OO0 900, as
| he'result of four Democratic years.
When we add Harrison's decrease of
| $137, 100000 in the net public debt to
| Cleveland's increase of $14S, 100000 in
| the same we have another S2S5, 100000
| bill Of indictment against the Demo
cratic party for only four years of fnan-
! cial misrule.
When William Mckinley began the
! first fiscal year of his first term, July /,
| 1897, he found only 1881, 100000 in the
public treasury; when he closed his
| fourth fiscal year, June 30, 1902, the
| treasury cash balance was S1,O9S,OO0,-
| 900, an increase of $267 100000 as the
result of four Republican years of pro-
| lection to American industries and imam
| cial ability. And this was in spite of the
| fact that $34O,OO0,000 had been paid out
for the cost of the Spanish war for the
| freedom of Cuba. n
When we add McEinley's increase of
| $267, 5000 treasury cash to Clevelands
real decrease of $13S, 100000 in the same,
we have $4O5, 100000 plus the Spanish
| war expense, as the true gain to the
| country Of four years of Republican pros
perity Immediately following four years
| OF Democratic adversely.
When Roosevelt's. first fiscal year be-
gan, July /, 1901, the treasury cash bal
ance was $1,098, 100000; when he closed
his third fiscal year, June 30, 1904, it had
| increased to 1882, 100000, an increase
/ OF pZS4,UUU,UUU, NOTWITHSTANDING ludI ali
| the Spanish war taxes had not been
abolished, but $5O,O0O,O0O had been paid
out for the Panama canal property and
| rights; and that $5,O00000 had been
given, and nearly $5,000,0O0 more loaned
to the Louisiana Purchase Exposition.
| When we summarize the treasury cash
! transactions from the beginning of
| Cleyelands second-term first fiscal year,
! July /, 1898, to the close of Roosevelt's
third fiscal year, June 80, 1904, we have
| the following:
Clevelands loss in treas
ury cash ............. S13S, O00,0
McKinley's gain in treas
| ury cash ............. 26I ,OOO,OUO
RooseveH's gain in treas
ury cash ...,...... 284,O0O,0OO
Paid cost Spanish war. 340,O00,O00
Paid Spain for Philip
pines ................. 100000
| Paid account Panama
canal ................ 100000
| Gift and loan Louisiana
Purchase Exposition -. 100000
| Total ................. 81, 1O9, 100000
Eleven hundred and nine millions of
dollars betterment less forty-eight mill
| ions increase in our Understanding debt
between July 1, 1897, and June 80, 1904,
leaving one thousand and sixty-one mill
ions ($1,061 ,000,000) to the credit Of
seven years of Republican control of our
| e.