The Springfield herald., 1904-09-16
SOME COMPARISONS
CONDITION OF TREASURY UNDER
PREVIOUS ADMINISTRATIONS.
Hsw the Public Debt Was Managed
When Democracy Was In Power and
How the National Finances Were
Conserved Later by Republican,.

Conserved Later by Republican,.
When Grover Cleveland began the hrst
fiscal year, July !. 1893, of his second
term, our publc debt was 81 1,345.OOO,OOO;
when the fourth fiscal year closed. June
30. 1897, 1t was S1,S17 100000, an In
to show for it. I'
When Benjamin Harrison began his
first fiscal year, July /. 1880, our public
debt was $1,G19 900. 600; when his fourth
fiscal year ended, June 80, 1893. it was
S1,545, 100000, a decrease of 14,OOO.-
600.
When we add Clevelan nd's increase of
e272 100000 in the public debt to Harri-
sons decrease OF $74,OOO,OOO, we have
bill OF indictment amounting to 1885,
900, 600 against the Democratic party as
q result Of -four years more of Grover"
When Benjamin Harrison began his
first fiscal year, July l, 1889. he found
SG43, 900 cash in the public treasury;
when he closed his fourth fiscal year,
June 80, 1893, the cash balance was
s7O7 100000, an increase of So, 100000,
without selling any bonds to increase the
public debt. q"
When Grover Cleveland began his first
found $7O7, 100000 cash in the public
treasury; when he closed his fourth fiscal
year of that second term, June 30. 1897,
he left only 1881 100000 of a cash bal
ance, though in the meantime he had sold
enough bonds for cash to increase ths
public debt by $272, ,OOO, 900; consequently
he really decreased the treasury cash by
S13O,OOO,OOO, being the $2T2,OOO,0OO
bonds sold less the $134, 100000 differ
ence between the 1881 100000 and the
S7O7 100000 cash balance. N,'
When Benjamin Harrison began his
first fiscal year. July !, 1889, the net
public debt-that is, the entire debt less
the cash in the treasury-was $975,OOO,-
900; when he closed his fourth fiscal
year, June 80, 1893, it was only $685.
100000. decrease of $l37.00O.OOO as
the result of four Republican years.
When Grover Cleveland began the first
fiscal year of his disastrous second term.
July 1. 1893, the net public debt was
$S3S, ,0O0,OOO; when he closed the fourth
fiscal year, June 80 1897, it was $685.
100000, an increase of $14S,OOO,OOO, as
the result Of four Democratic years.
When we add Harrison's decrease Of
s137, 100000 in the. net public debt to
Cleveland's increase of S14S,OOO,OOO in
the same, we have another S2S5,OOO,OOO
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 ].
1897, he found only 1881 100000 in the
public treasury; when he closed his
fourth fiscal year, June 30, 1902, the
treasury cash balance was $1,O9S,OOO
900, an increase of S267, 600, 900 as the
II ~
lection to American industries and 6nan.
ciai ability. And this was in spite of the
fact that $40 100000 had been paid out
Tor the cost of the Spanish war for the
freedom of Cuba.
When we add McKinley's increase Of
S267, ,0OO, 600 treasury cash to Cleveland's
real decrease of $13S OOO,O 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 adversely.
When Rooserelt's first fiscal year be-
gan, July 1. 1901. the treasury cash bal
ance was 81 ,O0S, 900, 600; when he closed
his third fiscal year, June 30, 1904, it had
Increased to $1,3S2, 600, 900, an increase
pf 1924, ,OOO,O 600, Notwithstanding that all
The Spanish war taxes had not been
out for the Panama canal property and
rights; and that $5OOO.O0O had been
given, and nearly $5,00OOOO more loaned
to the Louisiana Purchase Exposition.
When we summarize the treasury cash
transactions from the beginning Of
Cleveland's second-tcrm first fiscal year,
July l, 1893, to the close of Roosevelt's
third fiscal year, June 80. 1904, we have
the following: @ a'