Democratic Sentinel, Volume 16, Number 49, Rensselaer, Jasper County, 23 December 1892 — DELAYING PAY DAY. [ARTICLE]

DELAYING PAY DAY.

The deficiency Oi over ten million dollars arising from tlm excess of pe..B : ons falling due above the amount, o, money estimat’d and appropriated for the purpos during the Dreseut fiscal year is by no means the worst feature of th: situation. The Pittsburg Chron* icle-Telegraph, a stanch supporter of the administration, says: “It is a ell km Wn ihaf pension c.ises are now being heid back because there is not money enough in the tress* ury to pay them. It is stated that i her" ere row 200,000 ca ;ee od the completed files of the pension ifiice, certificates of wh ch «re withheld.”

This is a m acknowledgment >f teroi-ora.} bankruptcy. For ix monvi , pu«t. ihe demand upon the r vt’.ues of Iho gov lament has been -a u in excess of re* eeipt* that ;■ |of C y j c< 1 i on'v ' •>' . d oy putting off its creditors, counting the g >lh reserve behind outturn liug demand notes in order to make a sh iw of surplus, and seizing upou the fund for t e redemption of national bank notes to eke out necess ry current expeudiiur . The fact cm no longer be concealed that the pension extrava. gance, piled on top of- other un-warranted-expenditure has swamped the treasury. The ur der sti m tes for the next fisc 1 year, wher. considered in their relation to retual conditions, constitute a proof of wilful unfaithfulness on t&e part of tneoutgoiug administration that is probably withoul any parallel in tbe history of the republic. N thipg is more cert” In than the necessity of increased taxation to p»y debts already incurred. The i Cleveland administration will have jto begin business under the uiost disadvantageous circumsta ices, y making good tbe shortcomings of a spendthrift predecessor,and submitting itself to the adverse criticism sure to be elicited on the ooe

hand from increased taxation, and on the other from lessened exni nditure. Those who have to pay more money, and those who find themselves obliged to take less, seldom take imo account the urgency which compels taxation and retrenchment. No matter what may be the consequences, the new management mus foot the bills of thj* old management. The Harrisonians have bad their billion dollar dance; the taxpayers must pay the piper.