Rocky Ford enterprise., 1904-09-16
SOME COMPARISONS
CONDITION OF TREASURY UNDER
PREVIOUS ADMINISTRATIONS.
Hev shs Psbiie Debt Was Msass.d
When Dsmoersey wss In ro~sr aud
How the National Piasness We're
Conserved Later by Republicans.


When Grover Cleveland began the hrs,
fiscal year. July ]. ls13, OF his second
term. our public debt was $l.3i5. .O0OO 90:
when the fourth fiscal year closed. June
30. 1897. 1t was $i.si7.ocO.oco. an in
crease Of S2'2.Oo0.o0O. without anything
To show for II.
When Benjamin Harrison began his
first fiscal year. July !. 1889. our public
deb, was $l.GiD. 10000: when his fourth
fiscal year ended. June 30. 1893. II was
l.oio.UOo.0OO. . decrease Of $Ii.oOO.-
90.
When We add cieveland's increase OF
SIT. 100000 In the public debt 10 IIarri-
| sons decrease of S1i.OJO.0DO. We have
| . hill of Indictment amounting TO $780,
100000 against the Democratic party as
| . result OF -four years more OF Grover"
When BenIamia Harrison began his
FIRST fiscal year. July !. 1859. he found
<Gt3. .OO.Oo0 cash In the public treasury:
whsn he closed his fourth fiscal year.
June 30. 1873. tho cash balance wa,
OI.oOO.ODO. an Increase OF SJi.OOD.OOo.
without selllnS any bonds To increase the
public debt.
When Grover Cleveland began his hrs,
seeond-term fiscal year. July ]. 1873. he
found $10T.0U0.oOO cash In the public
treasury: when he closed his fourth fiscal
year of that second term. June 30. lsJI.
he left only $sll 10000 OF q cash bal.
ancs. though In the meantime he had sold
enough bonds for cash Co Increase tho
public debt by s2I2.OOo.OOo: consequently
he really decreased the treasury cash by
<lJOOOO.OUO. being the <2s2.UOO.OUD
bonds sold less the siJt 100000 differ
eHcc between the SSH 10000 aud the
$tO1 10000 cash balance.
When Benjamin Harrison began his
first fiscal year. July ]. 1889. the net
public debt-thst IL. the entire debt less
the cash In the trcasuFy-was $oI5.OOO.-
90; when he closed his fourth fiscal
year. June 10. isrj. II was only Ss:ls..
10000. a decrease OF si3' 10000 as
the resul, OF four Republican years.
When Grover Cleveland began the frs,
fiscal year OF his disastrous sccs1ad term.
July ]. 1873. the net public debt was
Sssts fsgNAA... - l:,,hsn be closed the fourth
100000. an incfcase OF sits.0Uo.0 900. a.
the result Of four Democratic years.
When we add IIarrlson's decrease OF
Si37. CO., 600 In the net public debt to
| Clevciand's increase of $iiS.OO0.0OO In
the same, We have another S2sJ.00O 900
bill OF indictment against the Demo
cratic party for only four years Of hnan.
cini misrulc.
When William Mckinley began the
first fiscal year OF his first term. July ].
1897. he found only $Sil.OoO.0Oo In the
public treasury: when he closed his
fourth fiscal year. June 30. 1907. the
treasury cash balance was Si.OJS.O00.-
600. an increase OF cJI.OO0.OoO as the
result of four Republican years Of pro-
lection TO American industries and hnan-
ciai ability. And this was In spite Of the
fact that $40 600 had been paid ont
for tho cost OF the Spanish war for the
freedom OF Cuba.
When we add Mckinlry's increase Of
S2G7 .O0O. 900 treasury cash to Cicvcland's
we have $i0J. 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 adversely.
When Rooscvclt's first fiscal year be.
gan, July !, 1901. the treasury cash bal.
nnce was Sl,O9S, 900. 600: when he closed
his third fiscal year. June 10, 1904. Il had
increased to Sl,3S2. 2.OOO.O 900. an increase
of S2SI, ,O0O.O 900. Notwithstanding; that all
the Spanish war taxes had not been
abolished, but S50.OO0.OOO had been paid
out for tho Panama canal property and
rights; and that S5.O00.0OO had been
given, and nearly SJ.OOo.0OO moro loaned
to the Louisiana Purchase Exposition.
When We summarize the treasury cash
transactions from the beginning OF
Clcveland's second-tcrm first fiscal year.
July /. 1893, to tho close of Rooscvclt's
third fiscal year, June so. 1904. we have
the following:
Clcvcland's loss In treas
ury cash ............. S13S,OOO,OOO
McKinley's gain In treas
ury cash .............. 2e7,ooo. 900
Roosevelts gain In treas
ury cash ............. $4,000. 900
Paid cost Spanish war. 3iO.OO0,OOO
Paid Spain for Philip
pines ................. 2o.ooo.ooo
Paid account Panama
canal ................. 100000
Gift and loan Louisiana
Purchase Exposition -. 100000
Total .................S .S1.lOo.oUOOOO
Eleven hundred and nine. millions of
dollars bettcrment less forty-eisht mill
ions increase In our intcrcst-bclring debt
between July ], 1897, and June 80, 1901,
leaving one thousand and s;xty-onc mill;
ions (S1.06l, ,O00,000 to the credit OF
seven years OF Republican control of our
national finances.
WALTER ]. BALLARD.
Schenectady. Aug. %.
SLY OLD DAVID.