Idaho Springs siftings., 1904-09-17
SOME COMPARISONS
CONDITION OF TREASURY UNDER
PREVIOUS ADMINISTRATOR
How ths Public Debt Was Managed
When Dem ocrscy wns in Power and
How the National Finances We're
Conserved Later by Republican,.

When Grover Cleveland began the first
fiscal year, July l, 1898. of his second
term, our public debt was 81 .345. 900 900:
when the fourth fiscal year closed, June
50. 1897, II was Si,Sl7, 900, 900, an in
crease OF $252,ooo, 600, without anything
to show for it.
When Benjamin Harrison began his
first fiscal year. July /. 1889. our public
debt was S1,6l9ooo,00o; when his fourth
fiscal year ended. June 80, 1898. it was
Sl.545. .ooo.ooO, decrease OF S14ooo,-
600.
When we add Clevelands increase of
Sai2.Ooo'ooo in the public debt to Harri-
! sons decrease OF SI4,o0o,o0o, we have
bill of Indictment amounting to S3l6,-
o0o,O0O against the Democratic party as
result OF four years more of Grover"
When Benjamin Harrison began his
first fiscal year, July l, 1889. he found
SG43, ,o0,Oo0 cash in the public treasury.
when he closed his fourth fiscal year,
June 80. 1Ss3, the cash balance was
S1oI 10000, an increase of SCI o0o. 900.
without selling any bonds TO increase the
public debt.
When Grover Cleveland began his first
second-term fiscal year, July ], 1898, he
found SIo7 10000 cash in the public
treasury: when he closed his fourth fiscal
year of that second term. June 80, 1897,
he left only SS3l, ,0oo,oo OF cash bal.
ance, though in the meantime he had sold
enough bonds for cash 10 increase the
public debt by S272. 900, 900: consequently
he really decreased the treasury cash by
si3O0oo,oV0. being the S2T2 100000
bonds sold less the sl3i. 100000 differ
ence between the 1881 100000 and the
S10I .ooo.ooo cash balance.
When Benjamin Harrison began his
first fiscal year, July l, 1889. the net
public debt-tlat j.. the entire debt less
the cash in the treasury 1913. 900.
600: when be closed his fourth fiscal
year, June 30 1898, il was only Ssls.-
100000. a decrease of Sl37 10000 as
the result OF four Republican years,
When Grover Cleveland began the first
fiscal year OF bis disastrous second term.
July !. 1899, the net public debt was
SS3s. .000.0oO; when he closed the fourth
fiscal year. June so. 1897. it was $780,
100000. an increase of S14s.0Oo, 600 as
the result OF four Democratic years.
When we add Harrison's decrease OF
sl3I 100000 in the net public debt to
Cleyeiand's increase OF Slis. 100000 in
the same. We have another S2SJ 100000
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 !,
1897, he found only SS3l 100000 in the
public Treasury; when he closed his
fourth fiscal year. June 80, 1902. the
treasury cash balance was Sl,19s.0 .0oo.-
600. an increase of s267 100000 as the
4 -
lection TO American Industries and fnan-
cial ability. And this was in spite of the
fact that S34O.000O00 had been paid out
for the cost of the Spanish war for the
freedom Of Cuba.
When we add McKinlcy's increase of
500. 10000 treasury cash 10 Cleveland's
real decrease of Sl3s. 100000 in the same
we have S4o5. 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 adversiiy.
When Roosevelt's first fiscal year be-
gan. July !. 1901. the treasury cash bal
ance was S1.09S, ,00o. 600; when he closed
his third fiscal year. June 30. 1904, it had
increased 10 lbs. 100000, an increase
of S2si. .o00. 600 Notwithstanding that all
the Spanish war taxes had not been
abolished. but $50.0OO,O0O had been paid
out for the Panama canal property and
rights; snd that 5000 600 had been
given. and nearly S5.0DO.O00 more loaned
to the Bouisi3na Purchase Exposition.
When We sfunmarize the treasury cash
transactions from the beginning OF
Cleyeland's second-term FIRST fiscal year,
July ]. 1898. to the close OF Rooseyelt's
third fiscal year. June go 1904, we have
the following:
Cleveland's loss in treas
ury cash .............. Sis. .0OO.Oo
McINniey's gain in treas
ury cash .......... 2e7ooo.ooo
EooseYelss gain in treas
ury cash ............. 2s4.0oo, 900
Paid cost Spanish war. 330.o00,ooo
pines ............... 100000
Paid account Panama
canal ...-.........-.. SO.0OD.OOo
Gift and loan Louisiana
Purchase Exposition -. 100000
Total ...........-...S 81 ,109, 900, 600
Eleven hundred and nine millions of
dollars befterment less forty-eight mill
ions increase in our bearing debt
between July !, 1897. and June 80, 1901,
leaving one thousand and sixty-one mill
ions (St.6Gi,0ooo0W to the credit OF
seven years Of Republican control OF our
national finances.
WALTER ]. BALLARD.
Schenectady, Aug. %.
SLY OLD DAVID.