New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-02
THE NATIONAL FINANCES.
HOW THEY HAVE BEEN AFFECTED BY RRCENI
LEGISLATION.
lDY TELEGRAPH To THE rRIBUSE.l

lDY TELEGRAPH To THE rRIBUyEl
WASHINGTON, Oct 1.-Al Of the proyisi0ns
OF inc new tarf law have been operative for thres
onlhs and the chief reductions affecting internal taxa
tion took ehect five months While 1t is probable
tnat the volume OF imports may still be affected TO ann.
extent by uncertainties respecting the Interpretation 10
DE given to certain provisions of the tariff law and yhs
IL ls the opinion OF some OF the internal reyenue
officials that ne revenue to be expected from the tax
on TOBACCO and cigars mas not yet reached normal
basis owing to the unusually large purchases OF stape
by manufacturers IN May, yet comparison OF tho rs
ceps OF the Government during the first quarter OF the
current fiscal year with the receipts OF the
Ing quare Of the last fiscal yeac will throw some Ight
upon the question rs TO the extent which tic revenues
OF the Government Will be affected by tue tariff aud in.
ternal revenue legislation OF tue last Congress.
During the three months ended Sc Dtemb5r 30 1882
the receipts from customs announced TO SG6 729, ,I4g
While Tor :he corresponding quarter Of this year che re-
celpls were S5I2Sl 965 a falling of OF S94l7Ist
on account OF customs Forthe periods the rcyt.
on account Of internal were $40 96l and s2s.
9l2'4fl, respectively, decrease OF S9,J37J20 Ius
receipts from miscellaneous sources for the same periods
were s9s69Sl7 and S7l36 3Oj. respectively or fall
ing on OF S2,7335l2 In round figures the Ire tsury
receipts for the last three months were Sl9 900 es
than the receipts for the corresponding quartcr OF 1882
At this rate for the enure year the falling OIL as COM
pared with the revenues OF last year. would 70
about S79,00O.OOO
During the quarter ended September 80 1882. tho
expenditures were as follows: Ordinary, S30l6LI6l;
pensions, S23s6s,65 interest on pu1ic debt.
SlT22O,%49; total sS0,2j3,O7O. For the tbreS
months eadcd yesterday the Expenditures wccs az io-
lows; Ordinary. S}7232,0 03i; pensions Sl6IGI,GI6;
interest on puoiic DEBT sO0 total s75 1873 49,
or net decrease OF more Jndn - 100000 TrOm tue
penditures OF tue corresponding perOI or 1892
The excess OF receipts expenditures or The rss
quarter VI 1852 aoOut S32, 100000: while for tue
Iuree months ending ycse eruay the excess aDJus
Sl0l2O,OOO, falling on OF Sl76SJ,OOO Tnc decrease
IN receipts Irom miscellaneous sources, ctfy
3 per cent compared with last year, /,
probably due In Large measure to DUNN
lsued receipts from sales aud entries OF puDio
auds which were uuprecedeutedly large last year.
condition OF work In the Pension Once as 70
Justify the expectdl Ion that during the months
tue expenditures account Of pensions Will
bly, exceed those OF tue COrre,p ,pOndiug mUutAs OF LAST
year Tue decrease III expenditures account Cf tae
refusal OF Congress TO pass River aud HaUDor bill at
the last session will, however probably be sufficient
onseI the increased amount required pensions during
tie remainder OF tue current fiscal year.
The reduction OF interest Oa tie pubic debt will be
great hereafter even II tue principal shall reduced
RAPIDLY during the remainder v tAe year ~
during the corresponding period Of last year Tor
auction will Offset bonds bearing interest the late VI
per cent instead OF 3l2 per cent.