Democratic Sentinel, Volume 14, Number 36, Rensselaer, Jasper County, 3 October 1890 — REPUBLICAN FINANCIERING [ARTICLE]

REPUBLICAN FINANCIERING

The Surplus o* 8100,000,000 Gone, and a Da* flclenoy ot More Than 880,000,000 Ha* Been Created, ' X -A:'-/.-HON. W. D. BYNUM ON TH* SITUATIONm {|m ... -, Xj mmtßmm , i ■ ■ ---- The Stiver BUI a Fraud, and FromUee to the Soldiers Broken. “It would be impossible to give, from memory anything like a full review of the proceeding of the session,” said Congressman Bynum. "I can only give an outline of the principal measures. The pension hill was not what the republican party promised to the soldiers. They were led to believe thet a service bill would be passed, and the limitation clause of the arrears act repealed, if tbe republicans succeeded. I knew full well when the session began that the republicans would never carry out their promises, and that their excuses would be ‘we are not able to do so at present; wait.’ In.order that they might havelno excuse, I offered an amendment to the rules providing that when any general pension bill should he under consideration, it might be in order to amend by providing means to pay the same. Had the amendment been adopted there would have been no excuse for the failure to carry out their promises, as revenues could-have been provided by the issuance of bonds, or greenbacks, or by the levy of an income tax. The republicans, however, voted down my amendment, and are now ready to make pledges to be broken as soon as the election i* over.

THE SILVER BILL A FRAUD. "The silver bill, about which the republicans boast so much, has proven a fraud. The only effect of the bill will be to suspend coinage of the silver dollar. The promised increase of currency will never come; while tbe law provides that treasury notes shall be issued in payment of the purchase of bullion, the treasurer issues his cbeck, which may be paid in gold; and treasury notes of large denominations, which cannot circulate, are issued and stored away in the treasury. In short, the people are taxed to purchase silver bullion which cannot be coined. I notice the secretary says this will be corrected just as soon as possible. This is the same old republican campaign promise. the government; bankrupt. "A full exposition of tbe appropriations, etc., of the present congress was made a short time ago, in a speech by Gov. Saver ot Texas. The appropriations by the present congress exceed those of the first session of the fiftieth congress by $52,013,700.5 Q, and those of the second session by $72,352,784.41. The secretary of treasury estimates the receipts of the government from all sources for the present official year at $450,415,347.34. The appropriations for this year, including the indefinite and permanent, amount to $461,824,779.89, which will leave a deficiency of $11,430,-

442.55. No appropriations whatever have been made this year for the payment of additional pensions. From the number of claims already presented it will require at least forty millions more for this purpose. Also public buildings, to the amount of $4,741,639.54, have been authorized, for whioh no appropriations have been made. In addition to these, war vessels, with armaments amounting in cost to $20,225,000, And heavy ordnance to the value of $3,776,006, have been provided for. The amount of estimated deficiency and authorized expenditures for which no Appropriations have been made amount in the aggregate to $82,841,649.54. DEBTS CONTRACTED. “In short, the present republican congress has contracted debts, over and above the total revenues of the government, for the ensning year, in ten times the amount of the entire public debt of the state of Indiana, about which it appears to have so much concern. OFFICERS AND SALARIES. “The number of offices created by the present -congress is 1,270, with salaries amounting to $1,391,211.50.”