Show squandered BY built panama canal out of cur revenues patriotically hoarding bonds in treasury which democrats filch to hide a deficit CARNIVAL OF debauchery IN PUBLIC expenditure senator penrose believe believes the looted condition af the treasury Tr caury will necessitate the withholding of contracts for nattle battleships ships and de cie 1 lay a y the W choln h 0 1 0 j S scheme che m e c of f P r e p a r i d n nesa c sa N nations 0 t 1 0 n e m money 0 ne y F frittered r 1 tt e r e d away to finance avro grained and III advised Pro Project jetts a william it willcox chairman of at the republican national CO committee atee ha has ret revived ived aiom senator glenroe tl enroe it brkl lut but positive up of tile extravagances of tie allson aratin i 1 luring the sei session loli of congress congre lust nebout to chobe au alie senator r 8 hen the tile country realizes what this congre 44 has done li in the na way of appropriations it will ill in he dumfound td d alstad alrais it has 1114 short n that over a billion beven or light hundred mil ml lion ilou doll dollars tirs ila alme e bet n tit utta d money way was L t hr ap abed in liny one year in the lil bleter aam atm of tho the Aint rican the tile to till raach two billion dol lura before the ew of this carniani ni 0 of f in public expenditures la Is rt ached liep no account lins 1 been of the tanti million toi tot tho tile danish islands the thirty mil aich the tile ill woh ably have to refund im n result of the gilve per elat allowed on ov brought acro ucro is tho til isea il in bot bottoms ind oilier other mat te rs ore art to cumi cume up it I 1 Is tou eldont that this tills hill bill which aich la Is expect expects d to bring in som soine w two hundred million dol dollma litis will ab nb KOl anit to chui the requirements roe tit th III advised and not urgent pro jetts authorized by hv the present ss it 19 1 now tiow claimed that these pro hecth are to be by the ance anfe of canal canni bona bonom the th Amer lenti people ill re reaal ard BUU it proceeding as ns a try one b ha calm tile of 1 lv iv th till chentland Clev CleNt dand land aamir 1 11 ration largely belp ed to limit bring about the doffull don doti full of tho dei i title all pirt in 1806 18 A bond issue hit lina ever rince sinco iwen imen viewed kith by hie the decof democracy racy now we tind find the th party lealura compelled by renson of their tind and to resort to it to vo defray tie the of ft a nitrite plant and of a bourd and mana other needles 4 projects by the of panama bondi mill bv be la in the la lost at analysis equivalent quI valent to paeng 1 foi him ba b bond issues llie aliee ie bondi are lying in the tr J a as the result of the thrift and economy and ako ls administration of the lican party only about of bonds were ere put out in tin the construct construction lon of the tho Il panama annina canal tile balance of tho the cost of if that undertaking uns vas paid out of current ur rent u and now ow to the doc doe trine flint these bonds represent the tie thrift of preceding years yeam be issued for these flu projects Is to my tny mind an rous i in fit fart it was ay iy piol ded in the spooner act that canami canal bonds should not be for any tiny other purpose than that of the construction st of the canal and tho the in p Rn loiis theory that thy they can be issued no now to alpa u the tile treasury tre imury and that vint then thep file lie money can be sequan dered b the party in power to finance doubtful project projects itna tn ta make inake good a deficit hlll not niter aller the duct that dueh A lancit exists no amount of ren reasoning toning on tha the 1 part art of tile Cha chairman of the committee ort orl finance will liter ilter the tile fact that out of 0 there has been lit sit kim of wate wa ireful fut is and by the congress Co ahat condition of til the trUl Nur fis absolutely nece w albat the withholding of for buttle battleships ships and delity the whole hol ls licce lic me of if p the figures of the of the treasury Trea aury may be JUey led fis aney tuny but win n the secretary Is in again qt the brite fact of not having money to pay tr kr these lip 1 wilt wili then find tant will III not mahe a su 1 plus itis in the treasury |