The Columbus courier. [volume] (Columbus, Luna County, N.M.) 1911-1920, 1916-09-15

VNEe 1917
Away to Finance Hare.Brainsd and
~ Advised Projects.
william n. WILCOX, Chairman Of
the Republican National Committee
has received from Senator PenroSe n
brief hut positive summing up ~ the
Xtravngance Of the Wilson Admins
fFntion during the session ~ Congress
lust about to close. The Senator
says:
when the country r~enlizes what
this Congress has done IN the way Of
appropriations It will be dumfounded
Alrrudy, II has been shown that over
Ii billion. seven or eight hundred mil.
lion dollars have been appropriated
more money than was ever a%ppr0pri.
ated IN any one year In the history
Of the American government. The to
tai will reach nearly two billion dol.
lars before the end OF this carnival
Of debHuchery In public expenditures
is reached, because no account has
been taken Of the twenty five millions
for the Danish Islands. the fhlrty mil.
lions which the government will prob.
ably have to refund us II result Uf
the five per cent rebate allowed on
importations brought across the seas
IN American bottoms, and other mat.
tiers which are likely to come up.
1T Is only too evident that this bill
which II expected to bring In some
two hundred million dollars will alb.
sOiutely fail TO meet even the require
ments for the ill-adyised aud certainly
not urgent projects authorized by the
present Congress.
1T Is nov claimed that these pro
tects are to be financed by the issu.
ance Of Panama Canal bonds. The
American people will regard such II
proceeding Ms n very queer one be.
cnuse tine issuing Of bonds by the
Cleveland Administrations largely help
ed to bring about the downfall Of the
Democratic party In 1876. A bond
t.Sue has ever since been viewed with
adherence by the Democracy now,
We hnd the party leaders compelled.
by reason Of their extravaganza and
iueficiency. to resort to Il.
ITO defray the expenses Of II nitrate
plant aud VI IA shipping board aud
many other needless projects by he
issuing Of Panama bonds will be in
the last analy sis equivalent Ia paying
for them by bond issues, These bonds
are lying In the treasury unisSu"d as
the result Of the thrift aud economy
aud wise administration Oi the Repub-
lican party.
only about S13O.OOO.OOO Of bonds
were put ont In the construction uf the
Panama Canal. The balance % the
cost Of that %stupendOUs undertaking
was paid out Of current revenues
and now, 10 advance the uoVel doc.
trlne ihat these bonds which repre-
sent the thrift ~ preceding years
shall be issued for these questionable
projects In, 10 my mind prrposterous
In fact, Il was expressly provided in
the SpOOneP Act that Pnhnms Canal
bonds should not be issued for any
other purpose than that ~ the con
struction Of the Canal And the In
grniOus theory hat they can be H.
sued now to repay the treasury and
that thea The mOpey can bs sQnAn'
dered by the party In pO~eT to nrnhet
doubtful projects snd To- make good u
deficit will not alter the TACT that
such II deficit exists,
No amount Cf reasoning on tn
part OF the Chairman ot the Commit
tee ON Finance viii AIier the fac
that outside 81 preparedness there ha'
been ut leaE' S2OO,OOO,OOQ Of wustetu
appropriations aud Expenditures b.
the present Congress. That eOAdihoi
Of the treasury win absolutely nsces
state the Withholding u contract
for bnttleships aud delay The Who'll
scheme Of pFepaTednes@
The figures Of the Secretary .
the Treasury may be jnggled rs the
nAy, but when the Secretary n ~
against thu brute fact Of not haYini
nancy to pay for these V%roieets h
viii theR hnd that figures Will no
uAke n surplus In the treasury