The river press., 1904-10-05
SOME COMPARISONS
CONDITION OF TREASURY UNDER
Z PREVIOUS ADMINISTRATIONS.
How the Public Debt Was Managed
When Democracy Was in Power and
How. the National Finances We're
Conserved Later by Republicans.


How: the National Finances We're
Conserved Later by Republicans.
When Grover Cleveland began the first
fiscal year. July ], 1893. of his second
term, our public debt was. S1,343 ,O0O,Ooo:
when the fourth fiscal year closed. June
80. 1897. it was $1.S17. 100000. ;ln in
crease Of $272.OOO,UOo, without anything
to show for it.
When Benjamin. Harrison began his
first fiscal year, July /. 1889. our public
debt was $1,G19, 100000; when his fourth
fiscal year ended. June 30, 1893. it was
s. .345, 100000, decrease of $74,O0O,-
600. -~
When we add Cleveland's increase Of
S.2,722 100000 in the public debt to Harri-
sons decrease of $74.OOOOOO, we have
a bill Of indictment amounting to $31G,-
OOO.0OO against the Democratic party as
Il result OF -four years more of Grover
When Benjamin Harrison began his
first fiscal year, July !, 1889. he found
St;43 10000 cash in the public trea sury;
| when he closed his fourth fiscal year.
June 80. 1893. the cash balance was
$1O1 .NlO.OtN. all increase of $G4. 900. 600,
without selling any bonds to increase the
public debt.
When Grover Cleveland began his first
serond-term fiscal year. July !. 1893. he
found $7O7 .OOOOOU cash in tile publ:
treasury: when he closed his fourth fiscal
Year of that second term. june 30. 1897.
| he left only SS31 100000 Of a cash bal
ance though in the meantime he had sold
| enough bonds for cash to increase the
public debt by $272 600. 900: consequently
he really decreased the treasury cash by
Sl3O.OOO.OOO being the Xo1o.OOO, coo
hands sold less the $1}4 100000 differ
cnce between the $S31 100000 and the
$7O7. 100000 cash balance
When Benjamin Harrison began his
first fiscal year, July !. 1889, the net
public debt-that is, the entre debt less
! the cash in the treasury--Was $910.OO.-
900: when he closed his fourth fiscal
year. June 80, 1893, it was only $685.
100000. a decrease of $l37 ,OOO.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
! SS:}S. .OO0.OOO: when he closed the fourth
fiscal year. June 30, 1897. it was $3S6,-
100000. an increase Of $14S, 900. 900, as
the result of four Democratic years.
| When we add Harrison's decrease OF
S137 100000 in the net public debt to
! tlcvpland's increase Of $14S.OOOOO in
the same. we have another $2S:'ON.oo0
bill of indictment against the Demo
cratic party for only four years of tin;n-
cial lnisrule.
When William Mckinley began the
FIRST fiscal year of his first term. July ],
| 1897. he found only $S31 100000 in the
| public treasury: when he closed his
fourth fiscal year, June 30. 1902. the
treasury cash balance was SlO9S.OtO.-
600. all increase OF S2G7 100000 as the
result Of four Republican years of pro
Election to American industries and iinall-
cial ability. Aud this was in spite Of the
fact that $34O.OOOOOO had been paid out
for the cost Of the Spanish war for the
freedom OF Cuba.
When we add Mckinley's increase OF
$2G7 .OOO.NW treasury cash to CleveElnd'>
real decrease Of $13S 100000 i'll the same
we have $4Ol.OOO,ON plus the Spanisl
| war expense. as the true gain to tho
country of four years Of Republican pros
perity Immediately following four year,
Of Democratic adversely.
| When RooSevct'S first fiscal year be
gam July I, 1901. the treasury cash bal
ance was $1.U}S. .OOO.OOO; when he close,
his third fiscal year. June 30. 1904. il hat
Increased to S1.3S2. 100000. an increase
Of S4.OOO.NOO, Notwithstanding that Ill
thc Spanish War taxes had not beer
abolished. but $JO.OOO,OOO had been pai.
out for the Panama canal property ant
rights: and that %I.OOOWN had beel
given. and nearly $1.OOO.OOO more loane'
to the Louisiana Purchase Exposition.
When we summarize the treasury caSl
transactions from the beginning .
tlcvelanuS seconute-m first fiscal year
July l. 1888. to the close of Roosevelt
third fiscal year, June 30. 1904. we hay
the following:
Clcveland's loss in treas
ury cash .............. SE;S.WoiRN
Mckinlcy'> gain in treas
urE cash .............. .Oa .Wf'Ne
kooscych's gain in treas
, ury cash .............. IN 4.Wh'R'
:, Paid cost Spanish war... :4ONfn.oo
Paid Spain for Philip
y pines ........... .oWN.W'
: Paid account Panama
:. canal .............. .WWf'.t''
Gift and loan Louisiana
"a Purchase Exposition 49,. 1O,AN.OO
!
Eleven hundred and nine millions Z,
GullarS hetterment less forty-ei=ht mil
ions increase in our intertSt-tearng del
/, between July |. 1891. and June 30. 100
t leaving one thousand and Sixry-one mil
$ iols t$1.uGl .N>O.OuW to the credit {
!. seven years Of Republican control OF OF
II national finances.
e WALTER J. BALLARD.
t Schenectady. Aug. p.
SLY OLD DAVID.
, Uniuue PoeitjOn Now ucCuDted b