The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1904-09-16
SOME COMPARISONS
CONDITION OF TREASURY UNDER
PREVIOUS ADMINISTRATOR
How the Public Debt Was Managed
Whom Democracy Was in Power and
How the National Finances We're
Conserved Later by Republicans.

fiscal year. July l, 1893, of his second
term, our public debt was $1,345, 0OO, 0OO
when the fourth fiscal year closed. June
so, 1897. it was $1,Sl7. 100000, an in
crease of $2!2. 100000, without anything
TO show for it.
When Benjamin Harrison began his
first fiscal year. July !. 1889, our public
debt was Sl,6l9,OOO,O 900; when his fourth
fiscal year ended, June 30, 1893. it was
%l,345, 100000 decrease of $74,OUo.-
600
When we add Cleveland's increase of
! $2i2WO,UOO i'll the public deb, to Harri-
sons decrease OF S7lOO0,OOU, we have
hlil Of Indictment amounting to So H.
OuooOO against the Democratic party as
a result of -four years more Of Grover.
When Benjamin Harrison began his
first fiscal year, July |, 1850, he found
SGl3,0O,000 cash in the public treasury
when he closed his fourth fiscal year.
June 80. 1913, the cash balance was
S'Oi.oOO.OO0, an increase OF SCI 100000
without selling any bonds to increase the
public debt
When Grover Cleveland began his first
sccond-tcrm fiscal year, July /. 1893, he
found SIOI 100000 cash in the public
treasury; when he closed his fourth fiscal
year of that second term, June 30, 1891,
he left only SS3l 100000 Of a cash bal
ance though in the meantime he had sold
enough bonds for cash to increase the
public debt by S2I2 600. eco; consequently
he really decreased the caSury cash by
Nl2O,u0O.OOO being the $2I2.O0O.OOO
bonds sold less the $l3l, 100000 differ
ence between the $50 100000 and the
| SlOI 100000 cash balance
| When Benjamin Harrison began his
| first fiscal year. July l, 1889. the net
public dcbt--ihat is. the entire debt less
IN" cash in the treaSury-was 1919, OOO.
600; when he closed his fourth fiscal
year. June 80, 1898. it was only $S3S.-
oOo0OO, Il decrease of $13T 100000 as
the result of four Republican wears.
| When Grover Cleveland began the first
fiscal year of his disastrous second term
July |, 1893, the net public debt was
SS35S,OOO,COO; when he closed the fourth
fiscal year. June 30, 1897. it was $685.
OOO,O0O. an increase Of $1ISOOG,0OO, as
the result of four Democratic years
When we add Harrisun'S decrease Of
Sl3I 100000 in the net public debt to
Cleyeland's increase of SI4S.OOO.OOO in
the same, we have another $3.50. 900 900
bill of indictment against the Demo
cratic party for only four years of linan-
cial misrulc.
When William Mckinley began the
first fiscal year of his first term. July l.,
1897, he found only $S3 100000 in the
public treasury; when he closed his
fourth fiscal year. June 80, 1902, the
treasury cash balance was S1,O9S.OOD.-
600, all increase of $267 100000 as the
result of four Republican years of pro-
lection to American industries and innn-
| cial ability. And this was in spite of the
fact that $340,00O.O0O had been paid out
for the cost of the Spanish war for the
freedom of Cuba.
When we add McKinley's increase of
S261 200. 900 treasury cash to Clevcland's
| real decrease of $l3S. 100000 in the same
we have $4O5. 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 Roosevclt's first fiscal year be-
gan. July |, 1901, the treasury cash bal
ance was 81 ,O9S, 100000; when he closed
his third fiscal year, June 80. 1904. it had
increased to $1,3S2 100000. an increase
| of $2S4 100000, Notwithstanding that all
the Spanish war. taxes had not been
abolished. but $5O,O00,O0O had been paid
| out for the Panama canal property and
rights; and that $5,OOOO00 had been
given. and nearly S5,000,O0O more loaned
to the Louisiana Purchase Exposition
When we summarize the treasury cash
transactions from the beginning of
Cleveland's second-tcrm first fiscal year
July |, 1898, to the close of Roosevclt's
third fiscal year, juno so. 1904, we have
The following:
Cleveland's loss in treas
ury cash .............. $13S,OOO 900
Mckinley's gain in treas
ury cash ........... 2G7,0oO,oo
Roosevelt's gain in treas
ury cash .............. 2S4,OOO, 900
Paid cost Spanish war;. 340,O00,00O
Paid Spain for Philip
pines ................. 100000
Paid account Panama
canal ............... 5O,OOOO0O
Gift and loan Louisiana
Purchase Exposition -. 100000
Total ................$1 81, 100, O00, 900
Flnran hundrad opd p;,o million. of