The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1883-05-03
NATIONAL CASH.
No "0veraoWing Treasury t
Fall Back Upon.
The Reserve Fund Below Forty Per
Gent. and a Failing Of i'm
Receipts.

WASHINGTON, May 2.-The national
treasury begins the month with a cash box
that will tend to check for the present the cry
of an @oVeraowing treasury" which was runG
in all its changes last winter stimulus to
tariff reform The reserve fund is about seven
millions below the usual 40 per cent, with en-
ormous pension payments, and large amount
of overdue bopds to come in. At the same
time there is a large falling off in receipts.
The receipts for the month just closed
amounted to S13,074,S15 from customs
80, gu, 764 from internal revenue, and 3D.
A67, $50 from miscellaneous sources, max
ing total for the month or $50, 164, $40 For
the corresponding month last year the receipts
from customs were 81, s62, s36, from internal
revenue sll ,996. 575 and from miscellaneous
sources 81 o9, Sos, total for the month of
1924 4GS, $50 1t viii be noticed that the falling
of for this year was about 81, $50, 600 in Gus
toms, two and one-third millions in internal
revenue, and little over one million from va
rious sources The total decrease of revenues
for April 1888, compared with April, 1882,
was 1901 orc For the period of ten months
ending April 80 there is a very striking
decrease compared with the same
period for the year of 1857. For the
ten months of the fiscal year up to
April so, 1883, the receipts have been as fol
lows: From customs, SITS, 3gS, 1876; from in
ternal revenue, S117, SS1, 1913 and from miscel-
laneous sources, 431 81 ,093, making total for
the period of s32S, $50, 756 For the same
period of last year the total was $685. 80 SOL a
falling of of 81, 640,045. The receipts for this
period last year were distributed as follows
From customs, S1S4, So, 5S4: from internal
revenue $ll Z, $50 100, and ffofn miscellaneous
sources, $3i ,326, liz Ii will be observed that
the falling on for this period is entirely In
customs, the great increase in internal fevenu ne
in the earlier months making up for the
recent decline During the first three
months of the year the increase from import
duties also were marked, there being again of
81. coo, 600 for thatperiod compared with last
year. This gain has been lost and to-day the
account stands nearly the same amount the
other way. At the department there is no
difference of opinion as. TO the cause OF the
decline The purchasing power of the country
has not been diminished by natural causes.
IL was all owing to the unsettled state of
business arising from apprehension of legisla-
Ton by congress. There is no expectation of
during the remaining two months
OF this fiscal year, except from internal rev.
enue. The new law goes into effect now, and
a stimulation of tax receipts from the sale of
stamps is anticipated temporarily owing TO the
of recent orders by manufacturers,
In order to take advantage of the reduction
No Improvement can come fromseustonls unless
there is an increase of importation of arti
fieially colored sugars during the ensuing
month, iii view of the fact that on and after
Tune the new law ab0lishing the color test
goes into effect No doubt this might be looked
for were the sugars ready for market.