A Supplement to A Compilation of the Messages and Papers of the Presidents by William McKinley
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page 17 of 545 (03%)
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Most High. To keep it will be my single purpose, my constant prayer; and
I shall confidently rely upon the forbearance and assistance of all the people in the discharge of my solemn responsibilities. MESSAGES. EXECUTIVE MANSION, _March 15, 1897_. _To the Congress of the United States_: Regretting the necessity which has required me to call you together, I feel that your assembling in extraordinary session is indispensable because of the condition in which we find the revenues of the Government. It is conceded that its current expenditures are greater than its receipts, and that such a condition has existed for now more than three years. With unlimited means at our command, we are presenting the remarkable spectacle of increasing our public debt by borrowing money to meet the ordinary outlays incident upon even an economical and prudent administration of the Government. An examination of the subject discloses this fact in every detail and leads inevitably to the conclusion that the condition of the revenue which allows it is unjustifiable and should be corrected. We find by the reports of the Secretary of the Treasury that the revenues for the fiscal year ending June 30, 1892, from all sources were $425,868,260.22, and the expenditures for all purposes were |
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