Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1884-07-10
PUBLIC FINANCE.
Federal Receipts and Expenses-Debt
observation-disclosures,

u
Federal Receipts and Expenses-Debt
NEUTRALITY-SUSPICIOUS.,
WASHINGTON, July 1-OA the last day
of each quarter the warrant division
of the treasury Is in the habit of pre-
pairing an interesting statement of the
receipts and expenditures of the gov
eminent for the proceeding three
months and since the beginning of
the fiscal year. The delay of con-
gress in passing the appropriation
bills has considerably disarranged
business in the treasury, and the
clerks have not had time to prepare
this statement to-day, which would
show at a glance the effect of the past
year Ola the national finances; but
while the expenditures have not been
footed up an approximate statement
of receipts is available. OF course, this
statement is not absolutely correct,
because it will be two weeks before all
/ the returns from collectors will be in.
The receipts for the past year as footed
up to-day are as follows:
Customs s194 t73 631
Internal revenue Observation-Disclosures. 12l2l9,4 S0
Miscellaneous ACKNOWLEDGEMENTS. 2I3i69SS
Lastfall the secretary of the treasury
reported the receipts actual for three
months and estimated for nine months
at S343, 600, 600. AS the figures above
given will be slightly increased, the
secretary's figures will be verified with
remarkable closeness. For the fiscal
year ending June 80, 1888. the customs
receipts were 1914 zoe, 496. the reduc-
ton being about 500 500, 600 The in
ternal revenue receipts were $144, 40, .
36S, the reduction the past year bein 9
about $23, 500, 600, aad miscellaneous
receipts were nearly $50, 600, 600,
against less than $27, 500, 600 the past
year, the reduction being nearly SILL
500, 600. Thus
THE TOTAL REDUCTION
in revenue for the past year, as com
pared with the year before, is between
sos, 0O0,0O0 and $50, 000, 000 In his
last report the secretary of the treas
ury stated the actual and estimated
expenses at S25S. 600, 600 leaving a
Surplus of $50, 600 600, or nearly $40, q
600, 600 in excess Of the amount de-
manded by the sinking fund.
The debt statement which will be
issued to morrow will show that the
debt reduction for the month was
about 50, 600, 600 or little more. This
would make the total reduction for
the year between $100, 900, 900 and
STOP, 600. 900. This shows a surplus
Of $4,000, 600 or $4,000, 600
in excess Of the estimate.
The reason for this discrepancy is
that the pension payments have
not been so large as was estimated.
1t was mentioned in a dispatch to
The Times three months ago, in rela-
ton to the receipts and expenditures
for the first three quarters of the fiscal
year, that the expenditure for pensions
in nine months was only $3S, 500, 000
while The estimate for the twelve
months was $40. 600, 900, showing that
the payments would fall So, 600, 600
or $50, 600, 600 below the estimate for
the year. This discrepancy does not
touch the amount of money that the
pension payments win absorb ulti-
mately; it is only an oyerestimate of
the rap,dity with which the Office can
transact business, or the promptness
with which applicants file their
proofs. The treasur err arrives at his
statement of the reduction of the debt
by comparing the amount Of debt at
different dates less the cash in the
treasury. The statement of the
amount of bonds redeemed is another
thing. The last bond call before the
beginning Of the fiscal year now clos
ing was for $15, 600, 600 .in February,
1888. Most of these bonds were re
deemed before the fiscal year began.
During the fiscal year nine bond calls
have been made, the last one of which
has not matured. The first one was
for ov er $50, 600, 600 Of 81 per cents,
the next two for $4,000, 600 OF 3's
each, and the next six for so, 900, GOO
of 3's each. Under the calls from the
221St to the 12Sth inclusive, about
$95. 500. 600 have been redeemed,
about SOS, COO, 600 of SIS having been
redeemed, and $4,000, 900 more call
ed for