Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1904-09-16
SOME, COM PARlSONS
CONDITION OF TREASURY UNDER
PREVIOUS ADMINISTRATIONS.
Hsw the PsbIis Debt wss Managed
When Democracy Was In Fewer a.d
Now the National Finances Were
Conserved Later By Re . biisana-

- - -
Nov the National Finances wsr
Conserved Later By Rspabiis.nA
When Grover Cleveland began the nrs
fiscal year, July l, 1893, OF his secon,
term, our public debt was 81 ,345, 900, 900
when the fourth fiscal year closed, Jun,
30, 1897, It was $1,S17, 000, 900, an In
crease Of S272. 900 900, without anything
to show for Il.
When Benjamin Harrison began hi,
hrst ascal year, July l, 1880, our public
debt was $1,6l9, 100000 when bis fourth
fiscal year ended, June 80. 1893, II wal
$l,540, 100000. . decrsass Of t74.000,-
O00
When W. add Clevelsnd's Increase Of
$272, 100000 In the public debt 10 Harri.
sons decrease OF S74,000.0O0, We have
bill NJ indictment amounting 70 1885,
100000 against the Democratic party a.
! result OF -four years more OF Grover"
When Benjamin Harrison began his
hrst fiscal year, July l. 1880, he found
$043, 900 cash In the public treasury;
when he closed bis fourth fiscal year,
June 80. 1893, the cash balance was
$IO7 100000, an increase Of $64 900, 900,
without selling any bonds to increase the
public debt
When Grover Cleveland began his first
sscond-term fiscal year, July l, 1893, he
found $707 100000 cash in the public
treasury; when he closed bis fourth fiscal
year OF that second term, June 80. 1897,
be left only 1891. 100000 of a cash bal
ance, though In the meantime he bad sold
enough bonds for cash to increase the
public debt by 1912, 900, 900; consequently
he really decreased the treasury cash by
$780, OO,00O, being the $272, 00O. 900
bonds sold less the S134 100000 differ
encs between the $S3 900, 900 and the
$107 ,0O0.OUO 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 $075,OOO,-
900; when he closed his fourth fiscal
year. June 30, 1893, 1t was only $685.
100000. decrease of $137 ,O00,0O0 ~
the result OF four Republican years.
When Grover Cleveland began the first
fiscal year OF his disastrous second term.
July l, 1898, the net public debt was
$S3S, 100000; when he closed the fourth
fiscal year, June 80, 1907, it was $685.
10000, an increase Of $14S. 5000. 900, a.
the result Of four Democratic years.
When we add Harrison's decrease Of |
$137 100000 In the net public debt to
increase OF $l4S. 100000 In |
the same, we have another $2S5, 100000 |
bill Of indictment against the Demo
cratic party for only four years of fnan-
uai misruls.
When William Mckinley began the
nrst fiscal year Of his first term. July /,
1897. he found ouly 1881, 100000 In the
public treasury; when he closed his
fourth fiscal year, June 30, 1902. the
treasury cash balance was $1.00S.OOO.-
200, an increase OF $267, 900 900 as the
-esult of four Republican years of pro-
lection to American industries and fnan-
hal ability. And this was in spite OF the
act that $34OOO0,000 had been paid out
or the cost of the Spanish war for the
reedom OF Cuba.
When we add McKinley's increase Of
267 900, 900 treasury cash to Cievelsnd's
70 have $4O5, O0O, 900 plus the Spanish /.
far expense, ~ the true gain to the
ountry OF four years Of Republican pros
Gritty Immediately following four ysars
Democratic adversely.
w ueu kSOOSevenS urbt uSC9l year Do- \
an, July /. 1901, the treasury cash bal
nee was $1.00S. 200, 900; when he closed
Is third fiscal year. June go 1904, 1t had
lcreased to 1882. OO0, 900, an increase
$2S4. 900. 900. notwithstanding that all
ne Spanish war taxes had not been
but S5O.0OO.O00 had been paid
ut for the Panama canal property and :
ghts and that S5,000.0O0 had been
wen, and nearly s5.000,O00 more loaned
the Louisiana Purchase Exposition.
When we summarize the treasury cash r
ansactions from the beginning of n
leveland's second-term first fiscal year.
nly l, 1893, to the close Of RoossvsltB
lird fiscal year, June 3d. 1904, We have
10 following: G
lsveland's loss In treas T
ury cash .............. $lSo,VVO.VU II
ckinley's gain In treas
ury cash ............. 2s1ooo.o 900 :
gain In treas r
ury cash ........ 2s4.0 200. 900 T
aid cost Spanish war;. 100000 900 n
aid Spain for Philip
pines ................. ZV,VVOVV q
aid account Panama I,
canal ....... $1,000 900 :,
1T and loan Louisiana a,
Purchase Exposition -. 10000. 900 n
Total 81, 100. 0O0. 900 :,
Eleven hundred and nine millions of II;
liars bstterment less forty-eight mill d.
DO increase In our interest bearing debt
Iufv IQQ7 and lima m 1O01 |