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Two British Budgets

Two British Budgets image
Parent Issue
Day
3
Month
June
Year
1896
Copyright
Public Domain
OCR Text

The Britiah budget is extremely satisf actory to Mr. John Buil. What would Secretary Carlisle gïve for a surplus oí $21,000,000? Our im-American democratie free-trade TarifE has had much 1o do with the British prosperity, but, in Jb97, we shall enae+ a-n American tariff that wil] g-ive us a surplus on this side cf the water. It is interesting to compar.e the present Uritish budg-et with that of 1892 when v e were at the zenith ei our prosperity: Year ending March 31,- 1S92. 1S96. Revenue . . . L90,994,786 L101,974,001 Expend're . 91,045,000 97,7C4,00 Deficit... L50,214 Surplus. .. L4,210,00( ïheu, in 1892, there was a dencit of $251,000; now there is a surplus of $21,000,000. Then the London Economist, April 2, 1892, "Mr. Goachen is, lor the first time Eince he became chancellor of the exchequer, face to face with a considerab'e deficit." Now Sir llichael Hicks-Beach says that "the surplus in the treasuiy is the larg-est that had ever been known and the credit of the country was never so high." Sir Michael added "that the position of workingmen was never so satisfactory as at present.' Here it is just the reverse of satisfactory. In 1892, Eng-land had the nrsatisfaovory conditions and the deficit. We had the surplus and the hatisfactory conditions. Since then the cenditions have been reversed. InEngand the3r are now satisfactory; here they are unsatisfactory. In. Eng'land there is now a surp.'us of revenue; here there is a deñciency of revenue. That banquet to Prof. W'lson has been acost3' one to the American peopl.e.

Article

Subjects
Old News
Ann Arbor Courier