Democratic Sentinel, Volume 21, Number 44, Rensselaer, Jasper County, 29 October 1897 — Page 1 Advertisements Column 5 [ADVERTISEMENT]

Duiing the month of September the public debt, less cash in the treasury, increased $3,787,592. Tbis increase was balanced by a decrease of cash in the treasury. But the same economic Bages who were wont to tell ua jS&t the country could not proapii so long as the debt was increasing now assure us with muoh exultation that the oountry was highly.prosperous last mouth while the debt was increasing. These same sages were wont to make much ado about the insufficiency of the revenues to meettbe expenditures of the government. They perceived an intimate and

necessary relation between the ratio of receipts aud expenditures an J the prosperity cf the people, aud wore quite sure that the people could by no means prosppr unless the treasury was taxing in more than it was paying out Now tbey assure us that the people have been doing finely during the three months since the beginning of the present fisoal year, but they have very little to sav about treasury inoome and outgo,aud that little is very lame. The fact to which they do not invite particular attention is that during those three months the expenditures exceeded the receipts pv. very nearly SBO.000,000- $29,939,596. How is this fact made to square with the alleged prosperity and the theory that an exoess or expenditures is incompatible with prosperity? The deficit*for the first quarter tMs year is the largest on record in time of peaoe. During the first quarter of the fiscal year 1896 the deficit was less than $10,000,00019,884,663 —while the same quarter ot 1895 it was only $780,000. The country was far from prosperous in hese periods, while it is said to be wonderfully prosperous now. This might be taken as showing hat the reverse of the republican is true aud that the large* - the deficit the greater the prosper* ; ty. In fact, it only shows that here is no necessary connection jetween the income and outgo of the treasury and the geuetui prosperity. It Hbowh ouly this, and hat the republican sage is ready to lay any misfortune, from a treasury deficit to a general drouth and | crop failure, to the ascendency of 1 the wicked democrats.

Such of the republican organs as try to preserve some little show of consistency tell their readers rhat the deficit has been diminishing since the beginning of the fiscal year and ask them to believe that this is what accounts for the prosperity. But here, as elsewhere, they avoid the facts. The deficit was less in September than in August, but greater in August than in July. Ade crease in September is not an uupreordented thing, but an increase in August over July is out of the ordinary. The puerility ot this claim that decreasing deficit is the cause of prosperity is shown by the following comparative statement of deficits for the three months of July, August aud September this year and hurt: Deficit ’97. Deficit, ’96. July, $11,073,545 $18,059,250 August. 14,664,432 10,139,580 September 3,435,717 1,995,290 According to tne republican theory the country should have been gaining in prosperity faster last year than this, because the deficit was decreasing decidedly faster. But the republican' insist that the oountiy was goiu to the dogs on the double quick last year from fear of democratic success. Of course they forget to explain why the cause did not produce an increase in the’deficit. The vrouble with the republican sages is that whenever they attempt to make facts square with their theories of a necessary association between democracy and calamity they are sure to get themselves into an inextricable snail, because the facts are dead against them and are wholly inexplicable upon their theories.—Chicago Chronicle. The finest line of box, calf and wiuter tan shoes for ladies and gents, also the best stock of boots ever brought to this city, at Judge Haley’s, tue “fine ould Irish gintleman,’ who will take great pleasure in showirg them to you.

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