Message of the President of the United States Communicated to the Two Houses of
Message of the President of the United States Communicated to the Two Houses of
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76, and its expenditures, exclusive of postal service, $195, 410, 000. 22, or an excess of expenditures over receipts of $37, 902, 396. 46. In January of this year, the receipts, exclusive of postal rev- enues, were $24, 316, 994. 05, and the expenditures, exclusive of postal service, $30, 269, 389. 29, a deficit of $5, 952, 395. 24 for the month. In February of this year, the receipts, ex- clusive of postal revenues, were $24, 400, 997. 38, and expendi- tures, exclusive of postal service, $28,... 796, 056. 66, a deficit of $4, 395, 059. 28; or a total deficiency of $186, 061, 580. 44 for the three years and eight months ending March i, 1897. Not only are we without a surplus in the Treasury, but with an increase in the public debt there has been a cor- responding increase in the annual interest charge, from $22, 893, 883. 20 in 1892, the lowest of any year since 1862, to $34, 387, 297. 60 in 1896, or an increase of $11, 493, 414. 40.
It may be urged that even if the revenues of the Govern- ment had been sufficient to meet all its ordinary expenses during the past three years, the gold reserve would still have been insufficient to meet the demands upon it, and that bonds would necessarily have been issued for its reple- tion.
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To quickly assess the difficulty of the text, read a short excerpt:
76, and its expenditures, exclusive of postal service, $195, 410, 000. 22, or an excess of expenditures over receipts of $37, 902, 396. 46. In January of this year, the receipts, exclusive of postal rev- enues, were $24, 316, 994. 05, and the expenditures, exclusive of postal service, $30, 269, 389. 29, a deficit of $5, 952, 395. 24 for the month. In February of this year, the receipts, ex- clusive of postal revenues, were $24, 400, 997. 38, and expendi- tures, exclusive of postal service, $28,... 796, 056. 66, a deficit of $4, 395, 059. 28; or a total deficiency of $186, 061, 580. 44 for the three years and eight months ending March i, 1897. Not only are we without a surplus in the Treasury, but with an increase in the public debt there has been a cor- responding increase in the annual interest charge, from $22, 893, 883. 20 in 1892, the lowest of any year since 1862, to $34, 387, 297. 60 in 1896, or an increase of $11, 493, 414. 40.
It may be urged that even if the revenues of the Govern- ment had been sufficient to meet all its ordinary expenses during the past three years, the gold reserve would still have been insufficient to meet the demands upon it, and that bonds would necessarily have been issued for its reple- tion.
What to read after Message of the President of the United States Communicated to the Two Houses of?
You can find similar books in the "Read Also" column, or choose other free books by United States President 1897 1901 Mckinley to read onlineMoreLess
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