The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1905-08-04
THE DEFICIT INCREASING.
Treasury Situation Is Becoming EN-
barrassing TO Republican
Leaders.

AeAAASs
The treasury deficit for the year end.
ms last Friday was $4,000 900. or So
100000 in excess OF Secretary Shawa
estimate. 10 is wholly due To increas-
ng expenditures, for tie revenue was
about S2,OVO,0O0 in excess OF that for
asst year. when, excluding the Panama
anal payment receipts and disburse-
nents practically balanced Army. ma
~ and civil and miscellaneous ex-
2enditures all show marked increases.
For June. the last month OF the year,
here was surplus of Sl2.6Sl .929,
Which, OF course had the effect OF ma
erially reducing the years deficit. Ii
IS said that this favorable result was
aot at all the product OF manipulation
out that, on the contrary, claims were
audited and paid with quite the usual
promptness. There was slight in
'rease in receipts. they exceeding those
of any month OF the year except Octo-
Der last. There was marked falling
on in expenditures. which seems TO be
he rule in the month OF June-which
would suggest that there is a practice
81 holding up bills TO some extent. The
June expenditures were only s35,2sS,-
siS, which is by far the smallest of the
year. In no other month did they fall
below Si0.000,00O
July IS always heavy month. and
hat might be partly accounted for by
he holding up OF June bills. There
are, too, heavy interest payments in
hat month, though this would hardly
seem TO account for the increased ex-
oenditure. The July disbursements. for
Instance, were $4,000 900 in the fiscal
year ending June so 1903. about the
same in 1904. and SOL. 600 600 for July
asst year, being in all cases far above
he average. The great increases were
civil and miscellaneous. and In army
and navy. 1t will be so this year
Turning TO July OF the present year
we ind the same jump in expenditures
June showed a surplus for almost ev.
cry day But yesterday the treasury
had deficit Of S24SS. 033. the receipts
being S2.57i.9G6. and the expenditures
s306OO 600. II is admitted that the def.
,it for the current year will go beyond
me $4,000 600 OF this year. says the
Indianapolis News Nnd.).
Clearly, something viii have to he
done We cannot allow things to 20
IN as they have been going The gov
eminent is taking vast sums Of money
from the people. and yet IL will have
70 take more. For we see no intima.
ton that there Is any possibility OF
ecouomizing. on the contrary. repub-
lean statesmen are talking OF new
taxes. such as stamp taxes and a coffee
lax. The situation IS embarrassing 10
he republican leaders. for they will
not relish imposing additional burdens
IN the people in time of peace. II does
not occur 10 anyone that we could add
greatly 70 our revenue by cutting many
81 our tariff taxes in two The ides
IS that II is better 10 raise revenue by
putting on rather than by remittine
axes Thus more revenue will involve
added burdens. But more revenu.
there must be II we are 10 continue
TO live on the present extravagant
scale. II low taxes are a good thing
Tor city. as they are admitted 10 be
they are also a good thing for a ma.
ton. But this will not. OF course he
admitted by those who believe that ma
tional taxes are good things I'm them
selves and sources 81 national pros.
perity. The deficit IS most annoying
20 republican leaders-and we do not
wonder that II should be so-and n
must be somewhat pulling 70 the
humble republican voter who has been
taught 70 believe that deficits were i'm
possible under a republican admins.
'ration. But we are in for another
one this year which mn be bigger than
that for the year which has just closed