, 1875-06-21
CONDITION or THE NATIONAL TREAS
lf9Y

ALEklFlb EACA 4A1 H4t-a&Nhk AAskSl6 AMI
FROM THE cus7ohs nErAnTiESr-ExcEss or
REcElrlH ovEA CURRENT ExrESpIrunks.
spsc1ai U4spatea to The Gfu York Ti"l<s.
TAsu1Na1os, D. C., juno l7.-Duriug the car
ig spring m industrious attoupt Was made by
'a6stion!sts aud portion Of tito press to create
the beliat that the Treasury Tss IN condition
bordering upon bankruptcy. Tnese efforts were
met by dispatch In the Tlnses Of May 3, which
showed trushfu!ly that tbs condition Of ths
Treasury had very greLtly improved With
tu twelve monthE, and that there could
10 no deficiency ut tho ond Of the
preaent fiscal yoar. 1nsinuattons have again
boon made that tho country was approaching In
aoivency, and this TINS they eeom to emanate
from Judge Kelley and bis Observation-Disclosures.
prediction that Congress must DO called in extra
teasion to provide ways aud meanB,-in other
wofda, to authorize new loan 10 meet the cur
rent expcnsoa of the Goverunlent,-thhn he bad
year sgo. will be made evideot by 4 statetneus
peaditures. Tie estimates Of the 5ectetary Of
the Treasury placed tho aggregate receipts Of
pected for tho yeAr ending with the present
mouth A. s2Si. 900, QUO In round numbers. The re-
ceipte will cxceed the estimates, and will amount
altogether TO 1t leaas $3.50 00o, Goo. OF this
Sum about el09. 900 900 will bs received from
informal revenues. aud al37. COX. GOO will be do
rired from cuatons receipts. Tbs remainder
ternAl rovenus receipts will rise about e7. 800 001
above tito eslimstea, and the oustonB revenues
viii fail from $4,000 900 to 9i.6oo, ooo bsIor the
estimates. TIE aggregate expenditures for tho
year will no! exceed eat, 000,0o0. and thoy will
probsbIy bc 81. ooo. 900 or g., o0o 900 loss. Tue
exact suu cannot bs forctold beeause 1t is un-
known what smounsa will remain noexpended il
tho hands Of disbursing officers. Two hundred
mum, and this, sakeo from the e2so, 0o0. 0o0 Of
receipta, 1eayes balance Of $4,000 600 Ia round
numbers Of excess Of receipts over the cufTont
expenditures for tho year.
TIE nEcElr1s ron TIE LAST FISCAL rKAK.
In tho last fiscal yekr tho eIcesa OF receipts
over expenditures wAs only s2s4400o. Eloyeu
millions will, therefore, represent the gain which
the Treasury has u,ado In tho twclva months
nearly raet. Tho Treasury has. however. to
provide for tho sinktnE.fuad honda and the
surplus Of receipts Tor tho year will lack from
SIG, 1000, coo to $4,000, ,oo0 Of tho amount nsc-
esaisv to sedeem thoae bonds. As beo1etAry
Hsfatow dres not intarpret tho law In any WAY
permit n n ID T. - nsse ts .u,as, s .sesn: se1as
to purchase the slnkiug-fuud bonds Whatever
amount Is required, aud the Treasury ba1anco
vii! have to be reduced to that extent. No dea-
cit wlll DO caused. however. by thls Transaction.
will be equally reduced, and el3.ooo. 900 will
have boon saved during the year. When tho
atatemopt Of tho Sd Of May, abo7e alluded 70,
wAs mede, the Treasury balance WAS CTS, 900. 600
In to1QQ uuWudIat RQu IL HoQlQ 0oelA 1gOn4 tA0
figures bars given that. altar buying 10 Tho aink
Ing fund bonds, that balance cannot be reduced
It tho ond Of tho yeAr below eSo. .o00, 600 to
s65, 900 900. and ths Wow takos into account tha
interess on the public debt among tha axpendi-
tutes
tsT1NATrs FOR THE NE1T 11soAL TEAR.
The esttnaateB for tho noxs fiscal ysar antiel-
pals *203 00O U10 Of rooeiptA. Gus hundred And
seventy million dollars were estimated from
customs duties, and elo0, O00. 900 from totefnaa
eoyenues, 1t Is now agreed that tho lsttet oatt-
mate il loo ANAL By 1t loaat e8, O00 0o0 aud by
msny Of Tho otaco.s 1t IL beloved there will bo
collected trnm thts source eiD, ,0oo, coo. It ID
believed In tile Tre1aurv that tho customs 70.
cstpts will ovorrun the estimates, and It 10 hoped
tbs oxcess OF receipts oVor expenditures tnsy
usxs yeAt be sufficient to take care OF the alnk-
log fund without drawing upon tho balance In
tic Treasury. Thts i just tho point whore
judge Kelley aud tue Treasury .authortttes arc
In conflict which cannot be settled ny
alone determine. Judge Kelley thlnke tho ooun-
Try il drifting into financial run. aud that tho
only panAcsA 10 mora rag mopcy. Secretary
BrlRtoH does not believe the business OF tbs
country would bo entirely destroyed by return
to = gold currency. . On tic contrary, ho thinks
auci currency tie true basis OF prosportt!.
| AZ for tho sugResion tnat Congress may need to
Ia called to provide for current expenses before
the regular session. it II utterly sbaurd. Th!a u
having Increased during the yoaE, but by tAs
fact thst most OF tho falling OF IN cuatoms re-
cejpta was previous to last Hafoh. The rtcax.
u1v otf1cers never estimated that the Tax and
TaIr bill OF last sesalon would add anything to
tho receipts during tue present fiscal yoar.
though! the Department urged upon ConRress
! legislation. which wss not enacted. from which