The Ebensburg Alleghanian. [volume] (Ebensburg, Pa.) 1865-1871, 1868-10-15
Receipts and EX.
pendItures.


r. Hon. E. B. Washburne, Chairman of !
the Committee of Appropriations, author
ICES the publication of a statement exhib- /
ting the revenue receipts of the National
Treasury for the current fiscal year, which
will aiIay any misapprehension created by
the mls-statements of designing persons
In thepay Of the Democratic party. From
this statement, we learn that instead of a
deficiency, there will be a surplus in the I
treasury at the end of the current year
The trst quarter of the fiscal year 1869
closed on the last day of September. The |
sources OF revenue to the Treasury are
three, namely: customs, internal revenue |
and miscellaneous. These in their re-
spective order exhibit the following
facts: Ine custom receipts at the port
of New York from the commencement OF |
the fiscal year TO September 26th, were
S33, ,7S0,347, gold. To these receipts
must be added one-fourth (less than the
ave-age) for the receipts of the other ports
Making due allowances for the fuctua-
lions in importations, these figures indi-
cate gold revenue from customs of at
least sl70,000,000 for the fiscal year.
The receipts of internal revenue for the
first quarter amounted TO $40, $50, 800, in
dicatinS an average of Sl3, SOC, 900 per
month. In answer TO the assertion that
| the revenue has been augmented by re-
ceipts from the income tax, it is stated
that the whole amount derived from in
come vas but S5,00O,000, and that any
deficiency from this source will be more
than made up by the gains on the reve-
nue. from distilled spirits. Allowing for
the reductions on raw cotton and manu-
featured products, exclusive Of spirits,
beer, tobacco, patent medicines and play
ing cards, the receipts will continue sub
stan:ially as in 1867. The sum of ST.
100000 is now in transit to close up the
receipts of the fiscal quarter, making total
Of S45, 100000. From these figures we
are enabled to estimate the receipts of the
fiscal year from internal revenues at
one hundred and eighty million aohqrs.
The total receipts under the head Of mis-
cellaneous for the last fiscal year were $780,
185,946. With the exception of the re-
ceipts from direct tax (Which amounted
to but S1,TSS, l49) the revenue accruing
urder this head will be fully as large the
present as last year. Thus we will have
| from customs S165 900 900 at the lowest
estimate, from internal revenue Sl60, ,000,-
600, miscellaneous S45, 100000; total
S370, ,000,0 900.
The expenditure for the last fiscal year,
Including interest on the public debt,
amounted 20 1910, ,339,073. With the ex-
cep,ion of 81 100000 paid for Alaska, a
probable increase in the pension expend-
iture of 81, 300, 900, and an estimated post
Office deficiency of 100000, there is no
| 60 haf
of the current year will exceed those of
interest on the public debt for the f-cal
year 1867-8 was $40, ,423 ,9S5, part of
which was the accum ulated interest on the
compound interest notes. The legiti-
mate interest for the current year viii ap-
proximatc Sl26,000,000.
| The debts paid for war expenditures du-
ring the last fiscal year we're SIC, ,330, 1SS.
Expenditures OF Fresdmen's Bureau were
S3,215, ,999. The difference in appropria-
tions Cor rivers and harbors between the
preceding and current year shows a gain
: of 81 ,632 ,120, which added TO the rapid
reduction in the army, navy and treasury
department, shows a gain which may bt
represented :hus:
( Expenditures for l867-s.........$3TO,3 ,339 81;
: Increased by Alaska appropria-
ACKNOWLEDGEMENTS. 1900. O0t
" | By increase of Pensions. 2,300. O0t
e Estimated Postoffice deficiency. 5,000,O ,O0t
Total. 1884, ,s39, 81
y Decreas ed by interest account l4,tOOCO
Decreased by State Claims ......... 1880, lS
Decreased by expenses of Freed
It mems Bureau,~..................... 2,7l5, 90
. Decreased by expenses of rivers,
har5ors, &c........................... 1852, -
y Decreased by reduction of army
s expenses............................ 5000, 90
d Decreased by reduction of eXpen-
;, ses of navy, civil and miscel-
laneous, reconstruction, &C.. $1,000, 90
d Total l............................S 81 ,677, 80
Y Here we have a maximum expenditur
N for the current year of 1903 ,262 ,365,
J. meet which we have shown tbata revenu
At exceeding S370, 100000 may be relied o,
The statements, published under the al
thority of Mr. Wash5urne, show conclr
W sively that, instead of deficiency, tn
le country may reasonably anticipate a SUI
Rr plus of from fifty to sixty millions in tn
&c Treasury at the end of the current fsc
he year. Those who are SO disposed can con
ty pare these figures with Mr.. Delmar's fal
as ces at their leisure.
So Gen. SchOfieId to Gen. Grant
Immediately after the Chicago Conve
ton. Gen. Schofeld, then commanding
u Richmond, wrote to Gen. Grant, congra
hs Il I on and thn :,