Show republican IS squandered BY WILSON built panama canal out of current revenues patriotically hoarding bonds in treasury which democrats filch to hide a deficit CARNIVAL OF debauchery IN PUBLIC expenditure senator penrose believes believe the tha looted condition of the treasury will necessitate the withholding of contracts acta for battleships and detoy delay the whole scheme of prepared riess nes nations money frittered Fritt ered away to finance hare drained and III advised projects william it willcox chairman of the republican national committee has received from senator penrose it brief but positive summing up of the extravagances of the wilson administration during the session of congress luat just about to close the senator says when the country realizes what oils tail congress tins haft none in the way ot of appropriations it will be dumfounded liim dum founded already it lias hus been shown that over a billion seven or eight hundred ml mil lion dollars have been appropriated more money than aris ever attl in any one year in the history of the american government the total will reach n carly two billion dollars before the end of tills this carnival of debauchery in ili public expenditures Is 13 reached because no account has heen been taken of the twenty five die millions for the doltish islands tile the thirty millions which the government will probably have to refund as a result or of t hie I 1 le five per cent rl rebate hate allowed on importations brought across tile the seas in american bottoms bottom nad anil other matters which eh tire likely to come coine up tip it Is only too evident lluent that this bill which la Is expected expect rd to bring in ili some two hundred million dollars bohni n will absolutely sol fall to meet even the requirements for tho the ill advised and certainly not urgent projects authorized by the present congress I 1 it la ii now nov claimed that these pro feces tire to he financed by the lie issuance of conal honda the attic american people will regard such 11 proceeding its an a very queer one because tile the issuing of bonds by the Clevel cleveland atio administration largely helped to briny bring about tile lie down downfall full of the democratic party in ili 1800 A bond boad issue has ever since been viewed with abhorrence by tile the democracy now we find tile the party leaders compelled by depson of their extravagant and to resort to it to defray the expenses of a nitrate plant and of a shipping board and wany many other oilier needless projects by t the he issuing of giannina bonus bonds will be in the lust last analysis equivalent to paying pacing for them by bond issue i these bonds are lying ang la in the he rent try as the lie result of the th tarifa anil and wise ration of ta the e republican party only 1 of bonds were put out in ili the construction of tile the panama canal the balance of the cost of that stupendous paid out of curr currant nt revenues and now to advance the novel doctrine that these bonds which i present the thrift of preceding years shall be issued for these questionable projects Is to my mind preposterous in fact it was expressly provided in it HIP spooner act that iannini curial bonds should not be issued for any other purpose than that of the construction st of tile the canal and ami the ingenious theory that they can lie be issued now to tile treasury and that then lion the money cart can be squandered by tile the porty parti in power to doubtful projects und to make good a deficit will not niter alter the fact that such inch a deficit exists no amount of reasoning on the P part art of the Ch chairman nirman of the committee on nn finance will alter the fact that outside of preparedness there has fact een n tit at least of wasteful and expendIture ii by lj the present pre tent congress that condition of f the treasury will III absolutely necessitate necea the withholding of contracts for battleships ond and delay the whole scheme of the figures of the secretary Secre Secret tiry cry of the treasury may be juggled as they may cany but when the he Secret secretary nry la Is up against the brute fact of not having money to pay fur these he will then fand that figures will not make a surplus in the treasury treasur yi |