| Show I JUK COMING DEFICIT MAJOR Jon M CARSON a thoroughly I competent person and one who never perv tilts party interests to color his statements is tbe trusted and able Washington correspondent corre-spondent of the Philadelphia Ledger In a recent dispatch to that paper he has presented pre-sented some startling facts and figures which show in regard to the looted public treasury that the expenditures of this fiscal year are 53000000 in excess of the revs nues and that increased taxation or bankruptcy bank-ruptcy is inevitable At the close of the last fiscal year of tbo CLEVELAND administration the surplus in the treasury was exactly t5 409753 Since then Congress has covered in the special trust fund to redeem national bank notes thus tricking a forced loan of 34207975 The fractional silver coin has been added ro available assets the sinking fund suspended sus-pended a small loan maturing in 1S01 had to be extended and notwithstanding all this the treasury balance was only 37050 280 The excess of expenditures over revenues rev-enues 553000000 will leave a deficiency with the last available dollar of the treasury treas-ury exhausted of at least 40000000 with probably 530000000 to pensions besides bounties and public buildings to swell the tAll t-All this means increase of taxation or else bankruptcy Tho Lc3ocijs correspondent correspond-ent two years ago predicted that the extravagant 1 ex-travagant expenditures would dissipate the treasury balance and result in a deficit 1 Referring to this he says I That prediction which was ridiculed by partisan par-tisan leaders and writers did not proceed from any claim to superior knowledge or power of divination It was based on inflexible principles prin-ciples and was the result ol staples mathematical mathemat-ical calculations The treasury was so strong then and we had become so accustomed to holding a surplus requiring tho employment of nine units to describe that It was not difficult for partisan orators and writers topertuado uninformed and unthinking people that anything any-thing Congress might do In tile way of making appropriations could not embarrass the treasury treas-ury The prediction of the Ledgers dispatches can now be consldeerd In the light of revelation |
