Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1904-11-04
Tho Treasury Deficit.

Tho Treasury Deficit.
Hon. Henry G. Davis in his letter of
acceptance seems to have squarely hit
the target in his remarks touching the
treasury deficit, as is demonstrated by
the fact that Republican papers have
jumped on him with both feet for stat
ing that If the deficiency grows to the
end of the fiscal year at the rate it in
creased in July and August it will
amount to over $14O,O00000. Yet he
did not state that the treasury state
ment issued for September shows
surplus for that month of 100000,
and they allege that that statement
was published before he sent his letter
to the press, which is probably untrue.
The statement was published before
his letter was published, but everybody
that has had anything to do with such
matters knows that such documents as
are intended for general circulation
are given to the Associated Press Ave
or six days or even more before the
date Of publication, 80 1t can send
printed slips to its patrons all over the
land This fact is well known Mt least
to every metropolitan paper which has
criticised him.
Now, let's see how the case stands,
counting the months Of July, August
and September, the first three months
OF the fiscal year. The Republican pa
pers cackle over the 100000 surplus
for September as loudly as pullet
cackles over her first egg.
| Here arc tho facts: In July and Au-
gust the deficit amounted to nearly
&24,00O,000. In September the surplus
amounted to about So, 900, leaving a
net deficit for the three months of July,
August and September Of between
S17,ooo,0oo and $1sO0o,0Oo, an average
OF nearly 100000 per month, which,
projected for the rest Of the fiscal year,
will make deficiency Of about $72,-
100000 by July 1.
J No man with intelligence enough to
read the treasury reports and with
,candor enough to state the truth will
gainsay the foregoing figures.
What's more, Mr.. Secretary Of the
Treasury Shaw himself predicts a
deficit for this fiscal year. True, he
figures 1t lower than S72,OO0O0O, but
he is very optimistic sort Of states
man, especially in campaign years.
80 the evidence proves conclusively
that Republican extravaganza is get
ting the country into hole, and the
sooner they are turned out and Demo
Gratis put in the better the country
will be of. Nobody wants higher
taxes; nobody wants new bond is-
sue; the Republicans can't economic;
consequently the only remedy is to put
the Democrats In, who will economic.
Republicans Scared.
That the Republicans are badly scar
ed is shown by the fact that Mr.. Chair.
man Cortelyou and his lieutenants are
busy scurrying around the country fry
Ding the fat out Of trust magnates. 1t
- said that they raised 1926, 900 in
Pittsburg in one day recently, which,
everything considered, is about as sue.
cessful fat frying operation as that
Gar famed one Of pious John Wana'
maker In 1888, which made Mr.. Wana.
maker postmaster general in the
younger Harrison's cabinet, and by q
strange coincidence it seems that Mr.
Cortelyou is to be postmaster general
In Roosevelt's administration provid.
Cd he Is elected. Commenting on the
successful "touch" Of the fat flyers at
PitBburg, the New York Herald says
editorially inter ALA:
/ While Msssrs. Cortelyou and Bliss are
khe nominal canvassers for funds they
are in reality the receivers for moneys
Rollsctsd by George W. Perkins Of the
4. 6ohi6 OF Kuhn, Loeb d Co. and q. H
Hartman OF the st, Paul and Union Pa
stdo railroad systems and the Northern
9eour1ties company, the latter being the
pbject Of President Roosevelts attack or
trusts, and Senator Nelson w. Aldrich ot
Rhode Island, fathsr-in-law Of John D
Rockefeller. II,
These are only few Of those engaged
h the fat frying operation. They have
heen assured that there Is nothing to be
feared by them should Mr.. Roosevelt be
sieotsd, and bv no less person thar
hfr. Cortelyou, chairman OF the national
bommittes. formerly private secretary tc
khe president, later secretary OF com.
merce and prospective postmaster gen
eral.
There is phase Of this that is con
sidered highly discreditable. Since Cor.
telyou resigned the Office Of secretary o,
commerce to take the craftsmanship O,
the committee II has been understood thai
he would be appointed postmaster gen
eral Though there has been no of1cia
announcement Of the fact. 1t is known IL
Republican circles that 1t Is the presi
dents intention to appoint Cortelyou
The postmaster general has control of tn.
mail contracts with the various railroads
and payment for the service is matter
OF concern to any railroad. These faoti
have not prevented Cortelyou from ap
pealing to railroad companies for sub
sorpaens to the Republican campaign