The daily palladium. [volume] (Richmond, Ind.) 1904-1905, 1904-09-12


travagantly, and that whereas there
was "a surplus Of $SO,0OO,OOO in
1900 there is "a deficit of more than
S4o'ooo,ooo' i'll the year that has
just closed.
This deficit is imaginary. and is OBJ
tanned by including in the ordinary
current expenses the sum Of fifty mil
hons, which was paid for the right of
way OF the Panama canal out of the
accumulated surplus III the Treasury.
Comparing the current or ordinary
expenditures for the two years, there
was surplus of nearly eighty mil
hons for the year 1900, and Of only
a little more than eight millions for
the year that has just closed. But
this dlminution of the annual surplus
was brought about designedly by the
abolition of the war taxes in the In
terval between the two dates. The acts
Of March =, 1901, and April II, 1902,
cut down the internal revenue taxes
w e1iA oiiioIaht SStIIudtCu az oilS nun
dred and five millions a year. In
other words, the reduction of taxation
has been considerably greater than
the reduction in the annual surplus.
Since the close of the war with Spain
there has been no substantial change
in the rate Of annual expenditures.
AS compared with the fiscal year end
ing in June, 1901, for example, the
fiscal year that has just closed showed
relatively small increase in expendi-
ture Excluding the canal payment al
ready referred toy, while the year pre-
vious showed relatively small de-
crease.
The expenditures of the Nation
have been managed in a spirit of
economy as far removed from waste
as from niggardliness; and in the fu-
ture every effort will be continued to
secure an economy as strict as is con-
sistent with efficiency.
The public work of the United
States has never been conducted with
higher degree of honesty and elfici-
ency than at the present time; and a
special need of praise belongs to
those officials responsible for the
Philippines and Porto Rico, where
the administrations have been models
of their kind. Of course wrong has
occasionally occurred, but it has been
relentlessly stamped out. We have
known no party in dealing with often
ders, and have hunted down without
mercy every wrong-doer in the SER
vice of the Nation whom it was pos
sible by the utmost vigilance to de-
tect; for the public servant who be-
trays his trust and the private indi-
vidual who debauches him stand as
the worst of criminals, becausetheir
crimes are crimes against the entire
community, and not only against this
generation but against the generations
that are yet to be.
1t may be asserted without fear of
successful contradiction that nowhere
else in recent years has there been as
fine an example of constructive states
manship and wise and upright Admin.
istration as has been given by the
civil authorities, aided by the army
in the Philippine Islands. We have
administered them in the interest of
their own people; and the Filipinos
themselves have profited most by our
presence in the islands; but they have
also been of very great advantage to
us as a nation.
So far from having "sapped the
foundations of free popular gov
eminent at home by the course taken
in the Philippines, we have been
spreading it's knowledge, and teaching
its practice, among peoples to whom
it had never before been more than
an empty name. Our action repre-
sents a great stride forward in
spreading the principles of orderly
liberty throughout the world. "Oul
flag has not lost its gift of benedic-
ton in its worldwide journey to their
shores. We have treated the pow,
ers we have gained as a solemn obi.
cation, and have used it in the inter,
est of mankind; and the peoples OF
the world and especially the weaker
peoples of the world, are better of
because of the position we have as
sumed. TO retrace our steps would
be to give proof Of an infrm and un
stable national purpose.
-Four years ago, in his speech of ac
ceptance President Mckinley said: