The New York herald., 1879-02-14

payment Of arrears that may be allowed during the
fiscal year. s2500o0o and for those that may he al
lowed during the next fiscal year, $5UOu0Oc, making
In my last annual report estimated the revenue
OF the next fiscal year AS follows;- 90.
From internal revenue. ............... 1l5.00o00o
From miscellaneous sources. l6,5OO,0oO
Total. Szo7,oV
The expenditures, exclusive of the sinking fund
were estimated at 1896 63si,el2 6s leaving surplus
The revenue from customs for the seven months of
the present fiscal year ending january ~ is1e was
$TSls57l9 H. and for the corresponding period last
year. s75.s5s.s95 46. showing Increase Of
S2a2s723 g. at which rate OF increase the estimated
amount for the next fiscal year may be realized.
The receipts from internal revenue Tor tho same
periods were as follows:-
For 1879. Soo,U.2 l9V rs
FOR +S's.''.''.. oA's4'oo 20
Showing an increase Of ............ $1,2774Sl As
This rate OF increase will not give more than
$1l2 600 for this year, and no increase may be
expected TOR the following year under present Laws.
If however the tax tobacco is reduced. as is pro-
posed, the total receipts from internal revenue for
the next scal year will not exceed $lO6,OO0,OO and
may fall AS low as 100000 000.
The receipts from, miscellaneous sources may be
increased $200O.000 during this year and a CORE
sponding amount over the estimates for next year.
The expenditures for the first seven months OF the
current fiscal year S152 690a41 06, and for the
same period last Year s4l o sis l5 showing an in
crease of Sll 598,092 o. from which should be de-
duc'ed the amount paid for the Halifax award,
S55OO,COo, leaving net increasc OF S6Ve.o'. w. II
tBlS De auueu the amount necessary Tor phe pay
ment OF arrears Of pensions, OOO and The ex-
pcnitures for the last fiscal year. 1926 So the
total estimated expenditures tor the next fiscal year
will be S2S4, ,562 .419 IL.
The receipts as estimated will be:-
From ro,, ,ntsrna Customs. s io ov voo
From miscellaneous sources ......... l65UO, 900
Total S25T 500 900
Leaving deficiency Of s27 062. 4l9 IL. This esti-
mate is based upon the assumption that the experdi
lures for the balance of the fiscal year will not be in
creased by unusual Deficiencies and that the
appropriations for the next fiscal year will not
ceed in other respects the amounts appropriated for
this fiscal year.
The saving of interest resulting from the refund
ing OF lhe debt will not inure to the benefit of the
Treasury for the present the double interest paid
during the three months allowed by law and the
necessary expenses will Offset the decrease in the
interest account.
be entirely ignored and the $40 600 be provided
for by additional legislation. This may be accom-
plished by the imposition oil some new tax adequate
for the purpose. by authorizing the money to be
borrowed upon four per cent bonds, which, in the
present state Of the market be sold at par As
recommended that authority be given to raise the
amount by the sale of four per cent bonds
described in the acts of July IA. 1S7O and January
20, 1871. JOHN SHERMAN, Secretary.
CIPHER TELEGRAMs OFFERED FOR SALE.
In addition to the subpenas which were issued
yesterday by the Potter Investigating Committee,
spondent has been summoned. 1t is understood
that this gentleman recently offered batch of
cipher kilograms providing he would pay the price
asked therefor. namely, $500. There will be no
meeting of the committee to-day.