The Montgomery advertiser., 1904-09-09
TREASURY REPORTS.
Oficial Figures Refute Claims Made by
 Republican Party.

Washington special to New Orleans
 Eed by leading Democratic papers of the country. Democratic campaign man agers propose to make stronger efforts this year than ever before to explode the charges of Republican Party man agers that the induction into office of a Democratic administration is follow ed by financial and other depression.
 Some important figures to prove the inaccuracy of this contention have been obtained from official reports of the Treasury. Students of the subject con cede that the receipts of the Govern ment each fiscal year show conclusive ly the business conditions of the coun- try, inasmuch as lack of confidence and financial depression are invariably fol- lowed by a decrease in receipts from the different sources of revenue and a decline In the excess of receipts over expenditures.
 Prsident Arthur went out of office March 4. 1885, and in the fiscal year
 which ended June 30, 1885. the total re- ceipts, exclusive of postal revenues, were $323.69o,7O6 and the total expen- ditures $26o, ,226,936. leaving surplus of $63.463.770
 In the first fiscal year of the Cleve- land administration the total receipts were $S46,439,727 and the expenditures $242,4S3.13S a surplus of $93,956.5S9. The receipts under President CleVe- land increased each year, as did the | excess of revenue over the eXpendi- lures, and in the last year of his first administration the receipts were $3S7,- 050,O5S and the expenditure $2S1,996. 6l5, making surplus of l0l,O53, AS A strong point Is made of the fact that President Cleveland went out of office | leaving the revenues greatly in excess of the expenditures, as shown by these | figures.
 In the first year of President Harr- sons administration the revenues be- | gan to dwindle heavily and the expen- ditures to increase enormously, with | the result that In the fiscal year 1891
 there was a surplus of only s37 762. | In the fiscal year 1892 the surplus had | dwindled to the small sum of $9,914453
 due to the decrease in receipts and
 fiscal year 1893. which ended three | months after President Cleveland had
 taken the oath of office for the second | time, found the surplus reduced to the President Harrison entered the White | House four wears before this, the reve- l nues exceeded the expenditures by a
 total of $105,000,000.
 | Special attention is called to the fact
 that the first administration of Pres
 ident Cleveland turned over to the Re
 publican administration of President Harrison not only a yearly excess of | receipts over expenditures. but a large
 net balance. The official figures show
 that on the arst day of March, 1889. tho | beginning of President Harrison's ad- | ministration, the available funds of the l | 00o gold reserve were as follows:
 Agency accounts. $64,502, ,445.02; net
 balance in Treasury. S46,471.10; to-
 tai available funds left by President Cleveland. 4S,916,12.
 | When President Harrison went out l of office and turned the administration
 over to President Cleveland, the avail
 able funds of the Treasury exclusive of
 the $1o0,o0o, 900 gold reserve, were as l follows:
 Agency account, $ss,S65, S32 90; net
 balance in Treasury, $240S47t22S;
 available funds turned over to Cleve- | land $62 450,572 2.1S.
 Despite the hard times. which be-
 gan with President Harrison and con
 tinued throughout the administration
 of President Cleveland. the Democratic
 administration turned over to Presi- 1 dent Mex Klnley, when he came into of
 fee on March 4. 1901, total available | funds of $l57.213.627.0S. made up as fol- | low: Agency accounts, $44.523,3333 36;
 net balance in Treasury. $112,69O, ,29S.13; | total $157,213,621. 0S. This total was
 exclusive of the $100,000,000 gold re- l serve,