The Red Cloud chief., 1904-09-16
SOM COMPARISONS
CONDITION OF TREASURY UNDER
PREVIOUS ADMINISTRATIONS.
How the Pnbiic Debt wns Managed
When Democracy wns In Power and
How tho National Finances Were
Conserved Later by Republicans.

NSe AnsNh W
When Grover Cleveland began the first
fiscal year, July !. 1898, of his second
term, our public debt was $1,34J, OOO.OOO:
when the fourth fiscal year closed. June
30, 1897. 1t was S1.S17, 100000. an in
crease Of ST., 100000, without anything
TO show for II.
When Benjamin Harrison began his
first fiscal year, July I. 1889, our public
debt was $1.819.OOO. 900; when his fourth
fiscal year ended. June 30, 1893, it was
Sl,545 ,OOO,OOO, n decrease Of S14,OOO,-
O0O.
When We add Clcvcland's increase Of
$2T2, OOO,0OO in the public debt To Harri-
sons decrease Of $74.OOO.OOO. we have
a hill Of indictment amounting 10 1916
100000 against the Democratic party ns
4 result of -four years more OF Grover"
When Benjamin Harrison began his
first fiscal year, July !, 1880, he found
$G43, 10000 cash in the public treasury;
when he closed his fourth fiscal year,
June 30, 1893, the cash balance was
$IO7, 100000, an increase of J4,OOO,OOO,
without selling any bonds to increase the
public debt.
When Grover Cleveland began his first
~sccond-term fiscal year, July I, 1893. he
found S101. 100000 cash in the public
treasury; when he closed his fourth fiscal
year of that second term. June 80, 1897.
he left only 1881 1000 Of n rash bal.
ance, though in the meantime he had sold
enough bonds for cash 20 increase the
public debt by $272, 100000; consequently
he really decreased the treasury cash by
S13O,OOO,OOO. being the S2I2, OOO,OOO
bonds sold less the 1874. 100000 differ
cnce between the 1891 100000 and the
S1O7. OOO,OOO cash balance.
When Benjamin Harrison began his
FIRST fiscal year. July /, 1883, the net
public debt-that is, the entire debt less
the cash In the ~asury-was S9Io,UOU,-
600; when he closed his fourth fiscal
year. June 80, 1893, 1t was only $685.
100000. a decrease of S137,OOO,OO as
| the result Of four Republican years.
When Grover Cleveland began the first
fiscal year of his disastrous second term.
July !, 1893, the net public debt was
SS3S, OOO,OOO; when he closed the fourth
| fiscal year, June 30. 1897, it was $685..
100000. an increase of S14S,OOO,OOO. as
the result OF for Democratic years.
When we add Harrison's decrease of
$137, 100000 in the net public debt to
Clevcland's increase of S14S,OOO,OOO in
the same, we nave another $2Sj 100000
bill of indictment against the Demo
cratic party for only four years of finan-
cial misrule.
When William Mckinley began the
first fiscal year of his first term. July I.
1897, he found only SSIl. OOO.OOD in the
| public treasury: when he closed his
rn,trth. ksnol vaor lima IN tuNrD thu
treasury cash balance was 81. ,0OO.-
600, an increase OF $267 100000 as the
result Of four Republican years of pro-
lection to American Industries and tinan
ciai ability. And this was in spite OF the
fact that $34O,OOO.OOO had been paid out
for the cost of the Spanish war for the
freedom of Cuba.
When we add McKinley's increase Of
$267 COO 600 treasury cash to Cleveland's
real decrease Of S13S. 600 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 adversitys
When Roosevelt's first fiscal year be-
gan, July /, 1901. the treasury cash bal
ance was 81, O9S. O0O, 600; when he closed
his third fiscal year. June 30, 1904. il had
increased to $1,3S2. 100000. an increase
OF $2S4, 600. 900. Notwithstanding that al
the Spanish war taxes had not beer
abolished, but $5O.OOO.OOO had been paid
out for the Panama canal property and
rights; and that S5,OOO,OOO had beer
given. and nearly $5.OOO,O0O more loaned
to the Louisiana Purchase Exposition.
When we summarize the treasury casl
transactions from the beginning OF
Cleveland's second-term first fiscal year
July /, 1893, to the close Of Roosevelt,
third fiscal year, June 30, 1901, we hav,
the following:
Cleveland's loss In treas
ury cash ............. Sl3S,O OO,OU
McKinley's gain in treas
ury cash ............. III ,OOO,OU
ROosevelt's gain In treas
ury cash ............. ~ oOO,o
Paid cost Spanish war;. 34O,OOO,OO'
Paid Spain for Philip
pines ............... 2O,OOO,OO
Paid account Panama
canal ............... OOo
Gift and loan Louisiana
Purchase Exposition -. 100000
Total .......,..... 81, 1O9, 90
Eleven hundred and nine millions o
dollars bettermcnt less fdrty-cight mil
ions increase in our Understanding deb
between July I, 1897. and June 30. 100
leaving one thousand and sixty-one mil
!, ions 81 .06l .OOO.OOW to the credit q
seven years OF Republican control Of on
|, national finances.
WALTER !. BALLARD.
/ Schenectady, Aug. %.
a ~ N n nANln