The Teton peak., 1904-09-15
SOME COMPARISONS
CONDITION OF TREASURY UNDER
PREVIOUS ADMINISTRATIONS.

How tine FuDlf0 Ooot was NaneRoo
Whom Democracy was In Power and
How the National Finances We're
Conserved Later by Republicans.
When Grover Cleveland began the first
fiscal year, July l, 1893, of his second
term, our public debt was $l.345 OOO,OOO;
when the fourth fiscal year closed, June
80, 1897. it was $1.S1T, 100000, an in
crease of $272,OOO,OOO. without anything
to show for it.
When Benjamin Harrison began his
first fiscal year, July 1. 1889, eur public
debt was $1,619, 900 900; when his fourth
fiscal year ended, June 80. 1903, it was
81 ,545, 100000, q decrease Of $74.OOO,-
OOO
When we add Cleveland's increase Of
72OOO,0OO in the public debt to Harri-
| sons decrease OF $74,0OO,OOO, We have
a bill Of indictment amounting to $685.
OO0 600 against the Democratic party as
Z result of -four years more Of Grover" +"
When Benjamin Harrison began his
first fiscal year, July /, 1889, he found
$G43, co., 600 cash in the public treasury:
when he closed his fourth fiscal year.
June 80, 1898, the cash balance was
$T07 7,OO0,00O, an increase Of $64 900, 900,
without selling any bonds to increase the
public debt
When Grover Cleveland began his first
second-term fiscal year, July l. 1893, he
found $7O7 100000 cash in the public
| treasury; when he closed his fourth fiscal
year Of that second term, June 80, 1897.
he left only 1881. 100000 Of 4 cash bal
In %ba hA ku1d
enough bonds for cash to increase the
public debt by $272 2.OOO,O0O; consequently
he really decreased the treasury cash by
3O.OOO,OOO, being the $272,OOO,OOO
bonds sold less the $134, ,OOO,OOO differ
ence between the 1881 100000 and the
$7O7, 100000 cash balance. "a
When Benjamin Harrison Began his
first fiscal year, July l, 1899, the net
public debt-that is, the entire debt less
the cash in the treasury-was $915,OOO.-
600; when he closed his fourth fiscal
year. June 30, 1898, it was only $685.
100000. decrease of $137 100000 ~
the result of four Republican years.
When Grover Cleveland began the first
fiscal year of his disastrous second term,
July l, 1898, the net public debt was
| $S3S, 100000; when he closed the fourth
fiscal year, June 80, 1897, it was $780,
100000, an increase Of $14S.O0O.O 900, as
the 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,OO0,0OO in
the same, we have another $2S0, 900, 900
bill Of indictment against the Demo
cratic party for only four years Of 6nan-
cial misrule.
When William Mckinley began the
| first fiscal year Of his first term, July l,
1897, he found only $S31 100000 in the
public treasury; when he closed his
fourth fiscal year, June 80, 1902. the
| treasury cash balance was $1.O9S ,OOO,-
900, an increase Of $267 100000 as the
result of four Republican years of pro-
lection to American industries and 6nan-
cial ability. And this was in spite of the
fact that $40 100000 had been paid out
| for the cost of the Spanish war for the
freedom Of Cuba.
When we add McKinley's increase Of
$267 ,OOO, 900 treasury cash to Cleveland's .
real decrease of $13S. .O0O,O 900 in the same,
We have S4O5, 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 Rooseveh's first fiscal year be-
gan, July 1, 1901, the treasury cash bal
ance was $1.O9S, ,OOO.OOO; when he closed
his third fiscal year. June 80, 1904, it had
increased to $1,3S2. 900, 600, an increase
of $2S4,OO0, 900, notwithstanding that all
the Spanish war taxes had not been
abolished, but $4,000. 600 had been paid
out for the Panama canal property and
rights; and that $5.OOO.OOO had been
given, and nearly $5,OOO,OOO more loaned
60 the Louisiana Purchase Exposition.
When we summarize the treasury cash
transactions from the beginning Of
July l. 1893, to the close Of Roossvelt's
the following:
Cleveland's loss IN treas
ury cash .............. $1SS, ,000. .O00
McKinley's gain In treas
ufy cash .............. 287, ,OO0, 600
Roosevek's gain Ia treas
ury cash .............. 2s4.0o0, ,o0o
| Paid cost Spanish war;. $4,000, ,OOO
Paid Spain for Philip.
pinee 10,oO0,O ,OoQ
Paid account Panama
canal ................. so.sooooc
Gift and loan Louisiana
Purchase Exposition -. 1O,0OO,OOC
Total .................$ 81, 1O0, ,OOO, ,OOC
Eleven hundred and Aine millions OF
dollars bstterment less forty eight mill.
Ions Increase in our interest bearing debt
between July l. 1897, and June 30, 1904
leaving one thousand and sixty one mill
ions ($1,O61, ,OOoO0O to the credit Of
seven years Of Republican control Of suI
national finances.
WALTER ]. BALLARD.
Schenectady, Aug. 25.
SLY OLD DAVID.