The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1904-09-24
SOME COMPARISONS
CONDITION OF TREASURY UNDER
PREVIOUS ADMINISTRATIONS
How the Public Debt Was Manages
Whom Democracy Yves in Power anu
How the National Finance"
Conserved Later by KepuSiAO~


When Grover Cleveland began the nFst
fiscal year, July l. 1898, of ms seeo oN
term. our public debt was 81 ,345, OOo,VoV'
when the fourth fiscal year closed, June
80. 1897, it was $751;, OOO,OOO' an IN
crease of $272, 100000 without anything
to show for it. a.
When BENJAMIN Harrison began MS
first fiscal year, July l, 1889, our puphc
debt was S1,619, 600, 900; when his feurIh
fiscal year ended, June 30, 1888, II was
81 ,545, 100000, a decrease OF $|4'ooo'-
600.
When we add Cleveland's increase OF
S272, 100000 in the public debt to darr1-
sons decrease OF $74,00O,OO0, we nave
a bill of indictment amounting to $31o'-
OOO, 600 against the Democratic party as
O result of -four years more OF Grover,
When Benjamin Harrison began MS
first fiscal year, July l, 1889, he found
SG43 10000 cash in the public treasury
when he closed his fourth fiscal year.
June 80. 1893, the cash balance was
S7O7 100000 an increase Of $64 ,OOO,OOO'
without selling any bonds to increase tn"
public debt.
When Grover Cleveland began his first
second-term fiscal year, July l, 1898, ne
found $7O7 100000 cash in the public
treasury; when he closed his fourth hsc9l
year of that second term, June ~, 1891,
he left only 1881, 100000 of cash bal
ance, though in the meantime he had sold
enough bonds for cash to increase the
public debt by $272 100000; consequently
he really decreased the treasury cash by
S13OOOO,O0O, being the S272,0OO,OOO
bonds sold less the $134 100000 differ
ence between the 1891, 100000 and the
$7O7 100000 cash balance.
When Benjamin Harrison began his
first fiscal year, July l, 1889, the net
public debt-that is, the entire debt less
the cash in the treasury-Was $9i5,OUO,-
900; when he closed his fourth fiscal
year, June 30, 1893, 1t was only $685.
100000, a decrease of $137 100000 al
the result of four Republican years.
When Grover Cleveland began the first
fiscal year of his disastrous second term,
July /, 1898, the net public debt was
$685., 100000; when he closed the fourth
fiscal year, June 30, 1897, it was $685.
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, 100000 In
the same, we have another $285, O0O,OOO
bill Of indictment against the Demo
cratic party for only four years Of hnan'
cial misrule.
When William Mckinley began the
first fiscal year Of his first term, July l,
1897, he found only 1891, 100000 in the
public treasury; when he closed his
fourth fiscal year, June 80, 1902, the
treasury cash balance was $1,O9S, 0OO,-
600, an increase of $267 100000 as the
result of four Republican years of pro
lection to American industries and fnan.
cial ability. And this was in spite of the
fact that $34O,000O00 had been paid out
for the cost of the Spanish war for the
freedom of Cuba.
When we add McKinley'S increase OF
1857 100000 treasury cash to Cleveland'a
real decrease Of $139, 100000 in the same
we have $405,000.OO0 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 RooseYelt's first fiscal year be.
gan, July /, 1901, the treasury cash bal.
ance was 099,0OO,OOO; when he closed
his third fiscal year, June 80, 1904, 1t had
increased to $1,3S2, 100000, an increase
of 1884, 100000, Notwithstanding that all
the Spanish war taxes had not been
abolished, but $5OOOO,OOO had been paid
out for the Panama canal property and
rights; and that $5,O0O,O0O had been
given, and nearly $5,OOO,00O more loaned
90 the Louisiana Purchase Exposition.
When we summarize the treasury cash
transactions from the beginning Of
Cleveland's second-term first fiscal year
July l, 1898, to the close of Roossvelt's
third fiscal year, June 80, 1904, wa have
the following:
ClGvelaEd's loss In treas
uFy caSh s.....s......s $1SS, 900, 0OC
Mchinley's gain in treas
ury cash '..:..:...... 2e7.oOO.OO
RooSeveh'S gain In treas
ury cash .............. $4,000, Ooc
Pa1d cost Spanish war;. S40,OO0,OO(
Paid Spain for Philip
pines ................ 2o.OOO,oOt
Paid account Panama
canal :..:............. $1,000, OOt
Gift and loan Louisiana
Purchase Exposition 90. 10000 O06
Iotai ..e.............$ 81, 100, GOO, OO(
Eleven hundred and nine millions al
dollars bStterment less forty-eight mill
ions increase in our interest bearing deb
between July l, 1897, and June 80, 1904
leaving one thousand and sixtv-ons mill
ions ($1,O61 ,OO0,OOO) to the credit a.
seven years of Republican control Of Gu
national finances.
WALTER ]. BALLARD.
Schenectady, Aug. 25.