The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1868-10-06

sThe same AS receipts for 1S66-67.
In view of these facts, not one of which
can be successfully coDtroverted, any attempt
to figure down the receipts of internal rev.
enue tor the current fiscal year below one
hundred and fifty millions is an absurdity
and fraud, while on the other hand, ii the
new system tor collecting the taxes on dis
titled spirits and tobacco does not prove an
entire failure, it is certain that the internal
revenue tor the current year will be much
more likely to approximate or exceed two
hundred millions than to fail below one hun
dred and sixty millions.
3.-MsCELLANEoUs.
The receipts under this head are derived
mainly from the premium on the sales OF
gold; from the sales OF useless or condemned
stores; from the public lands, and from an
uncollected balance OF direct tax impo sed
during the war. The receipts from ali these
sources tor the last fiscal year were $50, 1885,
946. With the exception OF the receipts from
''direct tax" ($17SS, ,l49) there is no good
reason for supposlng that the revenue accru-
ing under this head will be any less than was
received during the preceding fiscal year.
The treasury will have an equal amount OF
gold to dispose of; the premium on the same
thus tar in the present year is greater than
for the corresponding months OF last year;
tie sales OF public lands are almost the same
one year with another; and the amount of
condemned public property-vessels, arms,
&c, sold since the commencement of the
present fiscal year or now advertised for sale,
is about the same as heretofore
1t will, therefore, be tair estimate to fix
the receipts from miscellaneous" tor the cur
rent fiscal year at $45,OOOO60.
RECAPITULATIoN.
The account OF revenue from all sources for
the current fiscal year may be recapituiated
in round numbers as follows:
Gus oms. el65 900 600
Inel nal revenue. ...................1 16O 900 900
Miscellaneous ACKNOWLEDGEMENTS A., 100000
Total. ........................ss $3.50, 100000
EXPENDITURES.
The next point to which attention is asked
IS the relation OF the above estimate OF reVe-
nues tor the current fiscal year TO tne Pr00a- W,
BILE expenditures during the same periou. ne
expenditures for the last fiscal year, according
tn the hooks of the Register OF the Treasury,
were including interest on the public debt,
S37O 339O73. An attempt has recently been
made to induce the public to believe that
| something more is annually received into OF
drawn out of the Treasury OF the United
States within the limits of a fiscal year than
appears in the accounts OF the Register OF the
treasury. This statement or pre.eDee, wher-
ever or by whoever made, is wholly and un-
qualitiedly without foundation in fact. what
ever sums the Register OF the Treasury eerti
hes to, as the .eceipts and expenditures OF Tue
government for fiscal year, those sums en-
brace evely dollar. cent or mil received or
expended from the 1st OF July OF any given
1 year to the Both OF june inclusive. oil the sue
ceedino year: and no Secretary of the Cleasu-
| nv ever presents or ever has presented since
| the Office OF Register OF the Treasury was es
tablished, any other statement to Congress OF
| receipts and expenditures than what was .
| transcript of the Register. Unsettled &C