The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-10-03


In view OF these facts not OF which can be sue
cessfully controverted, any attempt to figure down
year below $50 900 is an abs1rdity and fraud;
while, on the other hand the new system for col
ecting the taxes on distilled spirits and tobacco
not prove an entire failure II ~ certain that the
ternal revenue for the current year will be much
more likely to roximate or exceed 5000, 600
than TO fall below S1C0, 000, 600.
NEUTRALITY-SUSPICIOUS..
The receipts under this head are derived mainly
from the premium on the sales Of gold, from the
sales OF useless condemned stores from the public
lands and from an uncollected balance OF direct
tax imposed during the war. The receipts from all
with the exception OF the receipts from direct tax,
sl4g there Is no good reason for sup
posing that the revenue accruing under this
preceding fiscal year. The Treasury will have an
equal amount Of gold to dispose or; the premium
on the same thus far in the present year Il greater
than fofthe corresponding months OF last year; the
sales of public lands are almost the same one year
with another and the amount OF condemned public
property-vessels, arms, stores, &c.-sod since the
commencement OF the present fiscal year, or now
advertised for SALE s about the same heretofore
IL will therefore be q fair estimate to fix the re-
celpts from "miscellaneous' for the current fiscal
year at s45,o
The account Of revenue from all sources for the
current fiscal year may be.recapitulated In round
numbers as follows
Customs 1885,, 900 900
Internal revenue OBSERVATION-DISCLOSURES. 160,0o0000
MISCELLANEOUS. ACKNOWLEDGEMENTS. 45,o00oo0
Total. s37O, ooo, 900
EXPENDITURES.
The next point TO which attention IL asked Is the
relation OF the above estimate Of revenues for the
current fiscal year to the probable expenditures dur
ing the same period. The expenditures for the last
the Treasury, were, Including interest on the public
debt, $370.339,0 73. An attempt has recently been
made 10 induce the public to believe that something
more Is annually received into or drawn out OF the
Treasury OF the United States within the limits OF
fiscal year than appears IN the accounts OF the Regis
ter OF the Treasury. This statement or pretence,
wherever by whoever made In WnOllV md
qualifedly without foundation In fact. Whatever
sums the Register Of the Treasury cerues TO the
receipts and expenditures or the government for
fiscal year. those sums embrace every dollar, cent
mill received or expended from the LIST OF July OF
succeeding year; and no Secretary OF the Treasury
ever presents, or ever has presented since the ofce
o. the Register o. the Treasury was established any
dtures than what was a transcript OF the books OF
the Register. Unsettled accounts which pass over
from one year Into another are considered as be-
longing to the year In which settlement IL effected;
and such accounts moreover, taking one year with
the annual aggregates. Furthermore there Il never
dollar received from the sales Of any property OF
the United states which does not ind It's place to the
credit Of miscellaneous receipts and u not embraced
In the annual statement OF receipts submitted by the
Register OF the Treasury 10 the secretary OF the
Treasury and by him submitted 10 Congress
Now, with the exception Of the sum paid for the pur
chase OF Alaska 900, probable increase In the
pension expenditure Of ~ sos 600 and an estimated
70 Indicate or induce belief that the expenditures
OF the current year likely 10 be In excess OF the
preceding year; WHILE the other hand, there are
many facts which prove, beyond the possibility OF
doubt that the expenditures OF the current year will
be largely reduced as compared with those OF the
preceding year. For example,
Frst-Thes amount paid for interest on the public
debt for the fiscal year 1908 ($140. by rea
son OF the accumulated interest on the compound
interest notes." was necessarily augmented above
what may be considered ~ the legitimate interest
OBLIGATIONS S which for the current year w approx
the Treasury Of about s14 ooo or the truth Of this
any one may satisfy himself by examining the exhibit
OF interest bearing obligations Issued monthly By the
Secretary or the Treasury
Second-During the last fiscal year debts due to
the States for war expenditures were paid 10 the
amount OF tl0,sa0, 1885, these debts are now sub.
stantiay all settled.
Tnt,d-During the last fiscal year the expenditures
for the Frcedmens Bureau were f3,21s000 tor the
current fiscal year the appropriations for winding
the affairs OF the bureau are $500 00 which amount
there is no reason to suppose will be exceeded
The gam under this head will therefore be s276,0o0
Fvurfh.-In 1so7-s the expenditures for rivers and