New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-18
WASHINGTON.
NATTONAL TREASURY PROSPECTS.
Will 11iE CURRENT REVENUE PAY rBE CURRENT TX
PENSES i-OFnCAL REASONS FOR Thinning
THAT IT WILL

Will Iik CURRENT REVENUE PAY TIRE CURRENT TX
fENsEs i-OFnCAL REASONS FOR THINKING
THAT IT WILL
tGEsERiL PRRss DIsYArCul
WASHINGTON, Oct t7-Thcre IL much sDec-
uaon concerning the condition Of the Treasury In con
neooh win appropriations to be made by Congress at
ia next session. apprehension being Expressed
thal the rovenues to the rocent panic ana ts
unued efects VIII not be- sufficient for the support Of
the uoVenmcnt for the present. say nothing OF the
next hs'ai year. The Treasury Department. however.
hs'p moro hopeful view OF the situation. II IL said
tnab 'no importatOns have not been much less than
heretofore at this OF the year but the receipts
from dnties have been diminished by OF goods
nos Oehg taken ~ bond. owing TO tho condition OF
the money market. The duties collected larger in
the Aggregate than anticipated under the circnn-
sahoos being ~ per cent than in the earlier days
OF tno panic and thus far in the present week Is per
rent ABOVE last week. The receipts from customs this
month arc IN excess Of what required to pay the in
'c irh. on ,he public debt for that period;
lherH mas been some trouble in collecting internal
revenue bnl lately there has been much Improvement
anu believed at the Department that the aggregate
I','PH NJ the end or the year VIII scarcely De dnin-
l'heu az an from the estimates heretofore made IL Is
ausnoiitaJvcly said that the Government finances
- d,,yt y II no Iafgst expenditures arc h"ays
MN, July l. aud during the last three months the
amount me public debt reduced within that period
Accordingly more than the pro rata Of the expenses
W s ceohg quarters OF the present Dscal year has
oech pdiu Tue prospect is according To those best
ucfIlnted with the subject that the aggregate receipts
WI Oo sufficient 10 pay all the obligations Of the year.
MIN regard TO apprehendcd Deficiencies. no estimates
rom any Oh tne departments concerning them have been
70 ne Treasury Department. aud. therefore,
no luea can DO formed Of their character and extent
mere Is no apprehension that Congress will impose ad
dt9ha taXesto supply supposed or actual deficiencies
~ to receipts nut VIII rather restrict the appr0prla
Mons 10 economical hmits, and begin new works that
may not be actually needed.
CONDITION or THE COTToN CROP
Tho average condition Of the cotton in the first
week OF October. as compared with the October
reports OF 1871 and 1872. stands "a much
higher than tina, OF tho former year
falls below the record Of the latter. Tho standard
crop being good normal growth the yearly losses from
worms or other casualties always reduce the record
below iOo ana the greatest reduction usually occurs
in september. The average this year has fallen off
from 80 to 49, Since the Arst week in September
larger reduction than usually occurs. Tha general
average IN October OF ISL TO- II was 80 IN October
Of last year The onecighth greater in 1872
aud the Autumn was more favorable for development
ana picking and the result increase OF about
bies The area Of the present year was Increased about
10 per cent but portion Of the enlargement was abin-
dpned and the October condition or the crop materially
feduceu me season must be OF average engj ana COM
paratyely favorable Tor picking 20 insure crop equal
10 That Of last year.
Tho STATE averages ~ follows: Virginia aoi North
Carolina, Is South C3r0lina, 20. Georgia. 81; FOrla,
70; Alabama 70; Mississippi 7j Louisiana. 90 Texas,
30; Arkansas 70; Tennessee. %; Missouri, 90 The
worms have continued thrr rdyages and made ad-
yances upon territory in Arkansas and North
Carolina Several counties In the latter slate report
fbe presence of tbe caterpillar for tue first time
disastrous storm destroyed much cotton ~ Florida
and IN the adjlcen5 states on the 1911 oi
september. Much stained cotton II reported
ia the seaboard states. There i general com
plant that the plants already bare OF leaves aud th1t
picking will be completed At carly date. I'm some
counties Of the Gulf STATES II T. claimed that there VIII
be crop Notwithstanding the caterpillar ana
and boil worm. while IN tie other counties loss ut one
turd of tine crop from worms Is expected