Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1908-09-17
FALSE CHARGE OF
EXTRAVAGANCE
Scrutinizing with Microscope to
Pick Flaws in Republican
Record.
Actual Figures Show Increased Ex-
penditures of Government Con-
sistent with Growth of
Country.

| (From Gov. Hughes Youngstown speech.)
Theoretically corked uD on the old is
sues of free silver, imperialism and
government ownership of railways, Mr..
| Bryan is scrutinizing the record of Re-
| publican administration during the
past twelve years with a microscope to
ind some peg on which to hang an at
| tack. 1t would not be altogether sur
| prising if a party which had done so
much in this period to advance the
| glory and economic progress of tire
country had made Il casual error here
and there. These twelve years have
witnessed the war with Spain, which
| gave freedom to Cuba and Porto Rico
| and brought the Philippines under
| American authority. They have wit
| messed the emergence of the country
from depression and financial uncer-
tainty upon the firm ground of the gold
standard, enacted into law by Re-
puUlican Congress. They have Witness
ed the erection of navy which is car
rying orr flag with honor around the
world. They have witnessed the ex-
tension of the strong hand over the
railways and the great corporations in
beha of equality of treatment for all
citizens. In sum and substance these
twelve years have Witnessed for the
average man degree of prosperity and
comfort never before equaled under
any flag in any country since the world
began.
COrtelyou Punctured Charges.
In picking flaws in this record Mr..
Bryan has taken upon himself to criti-
else the appropriations of the last Con-
gress and to make the declaration that e
there was deficit of some 100000
in the last fiscal year" If Mr.. Bryan
knows what he Is talking about. this
reference to deficit is amazingly dis
ingenious. Secretary Cortelyou pune
tured this particular Bryan gas-bag eff
fectively soon after the fiscal year
closed on June 30. He issued state
ment showing that when the proceeds
of bonds sold were added to the re-
ceipts from taxation and miscellaneous
sources, and allowance was made for
the reduction of the public debt, there
was no deficit, but a surplus. The APP
pearance of a deficit was only arrived
at by counting all expenditures for the
Panama Canal and other public works
and failing to count on the side of the
receipts the proceeds of the bonds sold
for the construction of the canal 1t
is the custom in nearly every other civ
lliZed government to issue bonds for
all public works, but so large have
been the receipts of the treasury of the
United States that it has been the Gus
tom to pay for these permanent invest
ments Of capital out of current receipts.
1t is bad system of bookkeeping and
Secretary COrtelyOu has announced
that he proposes to correct it. It
might have been pardonable for the
man in the street. to be misled by the
present form Of treasury statement. 1t
is not pardonable on the part of a man
who pretends to be a student of public
questions. Mr.. Bryan must either con-
fess himself a stupid novice in regard
to public finance or as deliberately
oS0hLiS " LHlSlSdu Tue peOpie as TO
the facts.
General Economic Activity.
The tremendous expansion of mill
tary ard economic activity throughout
the world has undoubtedly led to a
volume of expenditures which calls
for serious consideration. In Germany
it became necessary last spring to issue
a large loan to cover ordinary expendi-
lures and to consider every possible
means Of increasing taxation. In
France the ministry even pressed
through the Chambers the dishonest
proposition to tax the coupons of the
public debt, thereby taking back from
the citizen in taxes what it had prom
ised to pay him in interest when he
loaned his capital. In Great Britain
changes in the rate of the income tax
afforded a ready means of adjusting
income to expenditures, but the burden
falls heavily first upon the small shop
keeper and is shifted by him largely to
the masses whom he supplies with
daily necessities. In all these countries
substantially all public works of a per-
manent character, whether great or
small, are charged to special accounts
and are not permitted to cucumber the
statement of operating expenses or to
add to the weight Of taxation on &C
count Of their principal.
What Would Bryan Wipe OutP
Secretary Cortelyou has already an
nounced that he is having the system
of bookkeeping at the Treasury over
hauled and modernized. All admins
trations in the United States are pre-
vented from applying the pruning knife
resolutely to expenditures, because
there is not the complete control of the
budget by single minister which pre-
walls in Europe. Some steps In this
direction should undoubtedly be taken,
but few voters are likely to be misled
as to the relative efficiency and intelli-
gence in taking such steps which would
be shown by Bryan administration
on one hand or Republican admins
tration headed by Mr.. Taft on the 9th