Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1910-09-07
VITAL WASHINGTON NEWS.
Tayeunar, "Wrltef and Thinker" Gives
US the Facts as They Really Exist.

Washington. Sept. 6.--Spend'
ing nearly 100000 day more
than it took in, the government
closed the month Of August wish
deficit approxlmating$5. 900, 900,
which is indicative of q deficit OF
IS, 100000 for this fiscal year, as
against deficit of $40, ,49O, 752. .43
for the last fiscal year
This deficit was due to two
principal causes:
First: The unparalleled extrav-
agance of the standpat faction of
the republican party, which ls III
control Of the government.
Second: Failure of the Payne
Aldrich tariff law to produce suf-
fcient revenue to meet the expen-
ses of the government.
Excess oe expenditures over re-
csipts ia not new in the history OF
the party now in power. For three
or four years the government has
been closing it's books each night
facing q big deficit in the days
business. But the aver rage
American does not know this.
While there would be no j|ss,s, ::'aas.-
ton for stating i'll this as - '':l.
that the big press aasoc'aa:,
misstate the facts, there is ample
justification for saying that the
facts are so stated that the aver
age man does not understand
them.
For instance, the statement OF
the treasury issued at the close OF
business August 27, shat the ex-
cess of expenditures over receipts
for July and the first 81 days of
August, 1910. amounted to $14,-
431, 727 "a, OF an average deficit of
$288, 634 81 for each banking day
in that period. No one could
possibly so understand the situa-
ticn, however, from the leports
carried by the big press assocla-
tions, which invariably give the
administration side of the govern
ment finances.
If business firm should spend
more money than it took in, day
after day, week after week, month
after month and year after year,
it is but natural to assume that
the stockholders would demand u
new management. Yet the men
in charge of the governments have
for years been able to overspond
the receipts without having been
called to account by the public.
This can be explained, however,
by the fact that the average man
is not by any means aware of the
actual situation.
WHAT THE FIGURES SHOW.
How are these daily deficits
made up? The amount Of the de-
fcit is taken from the general
fund. How does money get into
the general fund? It comes from
the people. Figures best tell the
story of what these daily deficits
are doing to the general fund:
(Balance in General Fund at
Close of year).
1907. ..... $272, 2,O61, AS. Al,
1908 ... 245. .171,34773.
1909. ..... 1876, ,375 428. 10,
1910. ..... 1O6, 1894, ,875,G7,
Aug 20, 1910 $685. 35.42.
HOW T. R. COULD BE USEFUL.
Mr. Roosevelt has stated over
and over again that it is his am.
bition, 30 far as it within his pow-
er lies, 10 assist the people te puri-
fly politics.
There is bat one way she people
can exert Influence to purity pcli-
tics-by voting right. If Mr..
Roosevelt wishes to give informa-
tion to the people that will really
enable them to do this, why does
he not tell them frankly whether
In his opinion Adlrlch and CaL-
non are friends of the Republic?
Surely he knows whether they
are or not, after having cooperated
with them as long as he has.
THE NINETEEN-HUNDRED AND TEN
CAMPAIGN BOOK,
Every democratic worker in the
country should have copy of the
1910 Democratic Campaign Book,
which is no doubt the best hand
book on the tariff now in print
One of the unusual features of the
book, as conrrasted with past cam
paign books, is it's utilization of
republican utterances to sustain
democratic arguments. Thirty.siz