Northern Wisconsin advertiser. [volume] (Wabeno, Wis.) 1898-1925, 1904-09-15
SOME COMPARISONS
CONDITION OF TREASURY UNDER
PREVIOUS ADMINISTRATIONS.
How the Public Debt Was Managed
When Democracy Was in Power and
How the National Finances Were
Conserved Later by Republican,.

When Grover Cleveland began the first
fiscal year, July /, 1898, of his second
term, our public debt was 81 ,345, 900, 600;
when the fourth fiscal year closed, June
~, 1897, it was s1,817, 100000, an in
crease of $272,0O0,000, without anything
TO show for it.
When Benjamin Harrison began his
hrst fiscal year, July 1, 1855 our public
debt was s1,619,OO0O 600; when his fourth
tlscal year ended, June 80 1893, it was
$1,545, 100000, a decrease Of $4,000
0OO
When we add Cleveland's increase of
S2I2,OOO,OO0 in the public debt to Harri-
sons decrease of S740O0,OOO, we have
a bill of indictment amounting to $780,
100000 against the Democratic party as
a result of -four years more Of Grover"
When Benjamin Harrison began his
1rst fiscal year, July /, 1889, he found
SGf3,O,O00 cash in the public treasury;
when he closed his fourth fiscal year,
June 30, 1893, the cash balance was
SIo1,OOO.O00, an increase Of S64, 900, coo,
without selling any bonds to increase the
public debt.
When Grover Cleveland began his first
second-term fiscal year, July /, 1893, he
found SI07,000.000 cash in the public
treasury; when he closed his fourth fiscal
year of that second term, June 80, 1897,
he left only 1891 100000 of a cash bal
ance, though in the meantime he had sold
enough bonds for cash to increase the
public debt by 1912, 600 900; consequently
he really decreased the treasury cash by
S13O,OO0,000, being the $272, 100000
bonds sold less the $134.000,000 differ
ence between the 1881 100000 and the
S1O7, 100000 cash balance.
When Benjamin Harrison began his
first fiscal year, July 1, 1889, the net
public debt-1that is, the entire debt less
the cash in the treasury-was 1915, 000,-
600; when he closed his fourth fiscal
year, June 30, 1898, it was only $685.
100000, decrease of $137, 100000 as
the result of four Republican years.
When Grover Cleveland began the first
fiscal year of his disastrous second term,
July l, 1893, the net public debt was
1888, 100000; when he closed the fourth
fiscal year, June 80, 1897, it was 1885,
100000, an increase of $14S,000 200, 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,000,0O0 in
the same. we have another 2S5,000,00
OH Oh iholctment against the Demo
crauc party for only four years OF imam
eial ,hlsruIe:
"heh Wlllam MCKINNEY began the
nrst nscal year OF MS hrst term, July l,
1875, ne FOUND only Sool,oOoOOo IN the
puDhc treasury; when ne closed ms
fourth hscal year, June 80, l9O2, the
treasury cash balance was Slo9S,Ooo,-
OOo, an increase OF S2GI ,oO0,0OO as the
result OF TOUR republican years OF pro-
tectlon TO American Industries and imam
ciai ability. And TINS was IN spite of the
Iact that S54ooUooOo had been pald out
Tor the cost OF the spanish war for the
freedom OF CUBA.
Nhen we add Mckinleys increase of
67,00O0o0 treasury cash to Cleveland's
real decrease OF SlooOOo,o0o IN the same,
we have S4oo,oooooo plus the Spanish
war expense, as the true gain to the
country OF four years OF Repubhcan pros
perity Immediately following four years
OF democratic adversely.
When hoosevehs hrst hscal year be-
Sdi, July 4, iJVi. the tdSu bdi-
ance was 81 0gS nO0 ono. uhan ha cIoSed