Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-12-13

100000, and the estimated expenditures.
emitting s45,750,O00 for the sinking fund.
are s245,75o,0o0. After paying the sink
ing fund there will be an excess of re-
ceipts above expenditures OF s24,2 900.
For the fiscal year ending June 80, 1887 the
estlmatedreceipts are s3l5, O00, 900 and the
estimated expenditures, including sink
ing fund of SAC, 659, 900, are sSo9, $50.
1924, showing deficit of s24,5s9,
552 "a, IL is about that deficit that we
are now concerned.
As win be observed, the estimated ex-
penditures for 1886 are less than they
were for 1885 by Sl5,000,00 while for
1887 they are increased from S245, 00O, 900
to s292, $3.50, 1924, emitting the sinking
fuld. This sinking fund is not part Of
the expenses Of the government, but
sum equal to per cent Of the national
debt, which must be taken from the re-
ceipts Of every year and applied to the
payment Of the public debt. 1t cannot,
therefore, be charged up TO the expenses
Of running the government, but must
always be considered in making estimates
of the amount needed to meet the national
obligations from year to year. The &c
tual expenses of the government for ss7
will be S292 $3.50, 552 "a, which would leave
surplus of s22, 069, 447.66 but for this
sinking fund. With it the necessary ex-
pendtures are $3.50, $50, 1924, against
s9l5, 100000 of receipts, making de-
flcit as above stated
An examination of the items of expense
is interesting to learn why 1t will cost
S292 100000 to run the government in
1887 against $245,000,000 in 1886 and
$500, 900, 900 in 1885. We find that 934,-
100000 will be required to maintain the
navy in 1887 where SIG, 100000 sufflced in
1885. Pensions will take s76,000,00
against S56 100000 for the last year.
These two items alone show an increase
Of $3s, 900, 600 over 1885. There is a re-
duction in several items, the largest being
a decrease of $9,0OO,0OO in the inter
increase in the naval estimates is
upon the presumption that congress will
provide for the rebuilding OF our navy,
which at present is utterly worthless in
case of war. Should congress refuse to
make appropriations for this purpose, the
money will not be spent. The estimated
increase of s20,00O,0 900 in pensions is in
expectation of the payment OF large sums
for back pensions, which the present law
provides for.
While the expenses are increasing, the
receipts of the government are decreas-
ing. The hard times, lessening the i'm.
portation of dutiable goods, have reduced
the revenue from customs Sl3, 900, 900 and
from internal taxes S9,600,000 The es-
Inmates of SSl5, 900 receipts for 1887
are made on the basis of the present in.
come from these two sources, which,
with better times, win probably give
greater revenue than is anticipated, I'M
less the taxes should be cut down.
No charge of extravaganza can be made
against the present administration. 1t
could not avoid the addition of $4,000,
600 to the pension charge, as that is
already providedfor by law; and If s34,-
100000 is spent on the navy we Will
have something to show for it in the
place of the present rotten hulks of an
tiquated vessels.
In any event we are in no danger of an
empty treasury. There is surplus of
S66, 100000 now and an estimated sur
plus for 1886 of $24, 100000, which will
meet the threatened deficit of 1887 and
leave snug sum of about $67 900, 900 on
hand.