History of the United States, Volume 5Andrews, Elisha Benjamin
History
History of the United States, Volume 5
Andrews, Elisha Benjamin
United States -- History
A Treasury surplus of about $97,000,000 (in October, 1888) tempted the
Fifty-first Congress to expenditures then deemed vast, though often
surpassed since. The Fifty-first became known as the "Billion Dollar
Congress." What drew most heavily upon the national strong-box was the
Dependent Pensions Act. In this culminated a course of legislation
repeating with similar results that which began early in the history of
our country, occasioning the adage that "The Revolutionary claimant
never dies." By 1820 the experiment entailed an expenditure of a little
over twenty-five cents per capita of our population.
In 1880 Congress was induced to endow each pensioner with a back pension
equal to what his pension would have been had he applied on the date of
receiving his injury. Under the old law pension outlay had been at high
tide in 1871, standing then at $34,443,894. Seven years later it shrank
to $27,137,019. In 1883 it exceeded $66,000,000; in 1889 it approached
$88,000,000. But the act of 1890, similar to one vetoed by President
Cleveland three years before, carried the pension figure to $106,493,000
in 1890, to $118,584,000 in 1891, and to about $159,000,000 in 1893. It
offered pensions to all soldiers and sailors incapacitated for manual
labor who had served the Union ninety days, or, if they were dead, to
their widows, children, or dependent parents. 311,567 pension
certificates were issued during the fiscal year 1891-1892.
While thus increasing outgo, the Fifty-first Congress planned to
diminish income, not by lowering tariff rates, as the last
Administration had recommended, but by pushing them up to or toward the
prohibitive point. The McKinley Act, passed October 1, 1890, made sugar,
a lucrative revenue article, free, and gave a bounty to sugar producers
in this country, together with a discriminating duty of one-tenth of a
cent per pound on sugar imported hither from countries which paid an
export bounty thereon.
The "Blaine" reciprocity feature of this act proved its most popular
grace. In 1891 we entered into reciprocity agreements with Brazil, with
the Dominican Republic, and with Spain for Cuba and Porto Rico. In 1892
we covenanted similarly with the United Kingdom on behalf of the British
West Indies and British Guiana, and with Nicaragua, Salvador, Honduras,
Guatemala and Austria-Hungary. How far our trade was thus benefited is
matter of controversy. Imports from these countries were certainly much
enlarged. Our exportation of flour to these lands increased a result
commonly ascribed to reciprocity, though the simultaneous increase in
the amounts of flour we sent to other countries was a third more rapid.
Public-domain text, read in full here on John Shaqi.
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