The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1875-05-06
Uncle SAN

he SEEMS TO BE SHORT IN HIS CASH Ac-
COUNT CRITICAL STATE OF AFFAIRS AT
HAND.
Washington special to the Philadelphia
Times, of the 81 lust, says the statement
made in these dispatches SIX weeks since
that the new revenue bill would not meet
the expectations Of its authors Is fully justi-
Jed by the published receipts for the four
months of the new year. The total receipts
for the fiscal year to April 30 are, in round
numbers, SOD, 5l0,S7l; Of this, Sl33, 752,o ono
are customs receipts, and se975S.SIl
internal revenue returns. TIE internal rev.
enua receipts for the four months OF 1875 are
$50 as, 400. and the receipts for April are 81
022. 1871. This IS large falling of from the
r. ceipts for the corresponding period Of last
year, April alone falling nearly three million
dollars behind, as compared with the returns
for the same month of 1874 The estimated
receipts from customs and internal revenue
FOR the present fiscal year were sol GOO GOO,
and thus far the total receipts have been,
in round numbers, only 1924 000,O00;
nsnce. Nav and June viii have TO yield
s43 000, 600 to- make the books balance. TO
do this, internal revenue will have 10 yield
nearly Sl6,000,O00 and custo rs nearly u.s.
600 600. During May the special licen Q
taxes are collected, aud this viii help the
Internal revenue i6csipt5 some. OCt other
wise both May and June are dull months,
and they ara especially so in t1e customs
Departments, there being but little business
done By importers during these months.
The new revenue bill was construed SO as to
take effect on the 81 ofM arch, aud yet it has
made no perceptibls difference ia the Gus
toms receipts, and
BUT LITTLE IN THE INTERNAL REVENUE
collections. 1t is therefore inevitable tbat
the receipts for the present fiscal year viii
fall short several million dollars on the es-
innate, while on the other hand the expsn-
ditures Will assure5ly run ahead several
millions, and then, TO add to all this, the
currency balances in the treasury have run
down to less than a million and three
quarters, and unless it is repleniShed by
sales of gold they will be entirely exhausted.
Bot sales of gold are scarcely to be thought
of, because the drain on the specie revenues
must be very heavy during the remainder
of the fiscal year. And at the same time
that the secretary OF the treasury is thus
ton of things in his department, he also
hears from every quarter OF the
country the most discouTaging
reports In regard to the revival
of business. The reports recsived at the
agricultural department give most gloomy
account OF the farming interests in every
section of the country. There is the same
instability among manufacturers which
has existed tor eighteen months, with no
prospect of any immediate change. The
extent of the suffering among the poor
classes is appreciabls from the taots sup
piled by the federal city itself The general
government disburses here over g million
dollars month in salaiios, and the district
government is doing vast amouus OF work
on the steets of this city, but notwithstand-
ing tbese facts there has never been more
suffering among the poor than now pre-
walls, and this suffering is nos confined TO
the colored population, but is chiefly among
the W White laboIing classes.