The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1904-08-02

Il
Il souri, Mr.. Clark nat III was sciens
& ttacally and hi oricall ys aceur in
q q statement which he mad es upon 81 les
q floor Of this HOUSE Id the mon sfs sdss
4 February 1902 zen he said oar
hearing that the second electi Hon sof
4 Grover Cleveland was the gree
lamity that has hap paned to- shsi
man race since the fall on Adam
Ike last two and half ssf
the administrationof Ben aYn ia TIar
5 rison We're unde the pera Hon OF The
i Mckinley tarifs. Dnrins that entire
\. administration Of BENZ arrison
1.-the receipts exceeded the ls,1rsss
i menss of Republican House ana
I Senate by $2o5.o0 90 300. and
HARRISON az n1inis ton he
cans we're able to reduce the III Il a1,aI
debt#in 3theSs sum OF so s,o0e. d ou, hss
first eighteen months 81 the
land adnltnsstration#on l were ndsr
the Mckinley tariff law During these
months It'll s true that the Democratic
expenditures exceeded their ecefpta
by several mi lion dol liars. but lie disss
crepancy in the Treasury 4 urin L Inst
period was due less la the Ntcfinfay5
tariff than to- lle Eretst 81 and Sasyrfng
disparity betwa cen the ii, ak
thes budget Of Democratic exnend I'M
lures.
II the expenditure OF th s Hrst year
and a half of the Cleveland admin
tratiou had been no sreate
the Ike period of the arrfsen all
istration, there would have bean u
plus of something like $50 900 90 dur
ing Cleyeland's administration Gryl
the Mckinley tariff The fsaef Il ii a-sIs
out in history that upon the ndaptto
of the NYilson-G orman tart m iii At
gust, S9i, the receipts began syste-
matically to be@reduceds There WAS
no reduction. but an Increase. Iii ex7S
spenditures. There was notSa year dur
ing the Cleveland admin tstrat ion shat
the expenditures were not yast1 81
excess of the receipts; s and taking %
four years together q expendifura
under the Democratic bud 81
s1s7, 900 In excess Of heIrSreceip
The exact figures are as
March 1. 1888. to March u
ceipts, SS23,463.1o0 o. II d sblirser1sflt It's.
s311,269 SIC 2S,;;5 DEF icieney $685.
1852.
March i. 1894. TO March Us sre-
ceipts, s3os. 725.956. SIS disburs emerlt
$500, $50 ,441.79 efficiency. MI
4s5.21.
March 1 81 s95. to March 96 !.
ceipts. ss25,254.5 1;s sbalrse entss ne
1881. oe4, so7.5s eficiency
743oo
March, j 96. to March So
ceipts, sos. 4s1,o4 Il nlerlts
s364,559 ,o6T.55 deficiency $5G,07s
O19.S6. Oh 4
s For the four years ReceIp
265.924,669.54; disbursement ,4sss
57a,sss.15; deficiency 81 71233.
3 The #McKtnIey tariff became opera
tive October s, 800. and ti,aH vi
German ia riff, & AIgust 1873
During the period of the AacEs
tariff, under the Harrison asa min isIra
ton. there was a surplus Of recgi pts
over disbursements of S6a Is a,2a.
During the period of the IN ilson-g
man tariff OF the Cleveland al rfi
ration, which was practical ~ theS last "a
.wo and oneshaIf years of hat aid
stration, the expendit ures exceeded
he revenues by Silt ,s7a, oo5.4
evident. therefore. that the troub
With the Cleveland administratto VA
lot the Mckinley tart srhe trouble
With that illustration was he
adequate revenue from iii tsen
German tariff and extravag CAN'T Sexpan SIS
litures in a period Of profound peace s
There is another side #to II tssssss
the Spanish war ana he
immense Expenditures incident to
md the wider responsib iIitias ON GOV
'rnment has assumed, we have
naticalIy reduced he matt oral debt
Until the annual interest charge sof
s3.o0o,o00S bequeathed tolns By he
Cleveland administration has been
luced to an annual interest charge os
wenty four millions. We have
ne this period issued som thing ID ke
445,o0O.000 of 2 percent. bonds III
thich we have redeemed "A large pro
ortion of the 4 and s per cent bonds
( Cleyeland's administration ana ot
r outstanding 3 per cent. bonds Om
per cent bonds are at a pr "a. AZ
hat the highest rate Of nterest ypi