Mansfield mirror. (Mansfield, Wright County, Mo.) 1908-1957, 1916-11-09
REPUBLICAN, THRIFT IS
SQuANDEREDBY WILSON
Built Panama Canal Out Of Cur.
rent Revenues, Periodically
Hoarding Bonds in Treasury
Which Democrats Fitch
to Hide a Deficit.
CARNIVAL. OF DEBAucHERY
IN PUBLIC EXPENDITURE

g-HtIf -
Senator Penrose Believes the Looted
! s Condition o. the Treasury Will
b Necessltate the Withholding Of
Contracts for %BattIeshlps and De-
lay the Whole Scheme Of Prepared
ness = NatIon's Money Z Frittsrsd
Away to Finance Hass.sralned and
NJ Advised Projects.
william r. Wilcox, Chairman Of
the Republican National Committee,
has received from Senator Penrose Q
brief but positive summing up OF b
extrayagances Of the Wilson Admins
tratlOn during the session OF Congress
lust about to close. The Senator
says:
When the country realizes what
this Congress has done In the way OF
appropriations II will be dumfOupded.
Already, II has been shown that over
Il billion, seven or eight hundred MIL
lion dollars have been Appropriated
more money than was ever appropr1-
ated In any one year 10 h history
Of the American government. The to-
tai will reach neurly two billion dol
lars before the end of this carnival
of debauchery in public expenditures
Is reached. because no account. mas
been taken OF the twenty-five millions
for the Danish islands, the thirty mil
lions which the government will prob
ably have Il refund as q result OF
the five per cent rebate allowed on
im%portatiOns brought across the seas
in American bottoms. and other q
tiers which are likely to come up.
ut Is only too evident that this bill
which Is expected to bring In some
two hundred million dollars will alb
solutely fail to meet even the require
ments for the ill-advised and certainly
not urgent projects authorized by the
present Congress.
ut Is now claimed that these pro-
jects are to he financed by the issu.
ante Of Panama Canal bonds. The
American people will regard such q
proceeding MS u very queer. one be-
cause the issuing Of bonds by the
Cleveland Administration largely help
ed to bring about the downfall OF the
Democratic party In 1885. A bond
issue has ever since been viewed with
| adherence by the Democracy; now.
we find the part.s leaders compelled
by reason of their extravaganza and
t..a3s,,n,, IN rusurt RI II
ITO defray the expenses Of a nitrate
| plant and Of q shipping board and
many other needless projects by the
| issuing OF Panama bonds will be In
| the last analysis equivalent TO paying
| for them by bond issues. These bonds
are lying in the treasury unissued as
the result Of the thrift and economy
| and wise administration Of the Repub-
lican party.
"Only about s%l30.OO0.OOO Of bonds
we're put out In the construction Of the
Panama Canal. The balance Of the
| cost of that %stupendOus undertaking
was paid Out Of current revenues;
and now, to advance the novel doc
| trine that these bonds which repre-
sent the thrift Of preceding years
| shall be issued for these questionable
projects Is. to my mind. ~prepOsterous.
In fact. 1t was expressly provided In
| the. SpOOner Act that Panama Canal
bonds should not be issued for any
other purpose than that Of the CON
structiOn of the Canal. and the In
genfOus theory that they can be 10
sued now to repay the treasury and
| that then the money can be sQuan-
dered by the party In power to finance
doubtful projectssand to make good a
deficit, will not alter the fact that
such i deficit extsts.;1
mo amount Of. reasoning on the
part of the Chairman Of the Commit
tee on FINANCE will alter the fact
that outside OF preparedness there has
been at least Sal.0 900 Of, wasteful
appropriations anf expenditures by
the present Congress, That condition
Of the treasury win absolutely necss-
state the withholding of contracts
for battleships and delay the whole
scheme of preparedness. -
1.-The figures of the Secretary Of
the Treasury may be- ujuggledo as they
may. but when the Secretary Il up
against the brute fact Of not having
money to pay for these projects hi
will then ind that figures will moi
make u surplus In the treasury
l -. .ru -. a - a n u .t.