Morning journal and courier., 1888-10-17
News by Telegraph FR0M ALL QUARTERS. UNCLE SAM'S MILLIONS. An Estimate Of The Surplus
 Revenue.
 MORE VICTIMS OF THE LEHIGH. MT. BIaine's Grand WeI-
 come In Indiana. RESTLESS CHICAGO STRIKERS. The Giants Win The First Game In The Series.
RESTLESS CHICAGO STRIKERS.
UNCLE sAm,s MILLIONS.

An Estimate of the Probable Surplus . at she Close of she Current Fiscal
 Year-The Excess of Revenues over
 Appropr1ations s1 g, 100000.
 WASHINGTON, Oct. 16.-Aoting Secretary Thompson. of the treasury department, in speaking this afternoon of the probable con- dition of the treasury at the end of the pres- ent fiscal year, said:
 The appropriation bills having all been passed by the present Congress, some esti- mate can now be made of the probable sur plus of revenue for the fiscal year ending June 30, 1889, over the expenditures for the same year. Estimating one or two minor items they amount in the aggregate to $306,- GOO, 900, with the estimated expenditures from the permanent annual appropriations, which are put at $115, $40, ,798, making to- tai of $421, $40, ,79s. The total estimated revenues are $40, ,50O, 900, making an excess of revenue over the total of the appropria- tions of about $19, 100000.
 But this by no means represents the actual surplus of revenue foI the current fiscal year. A careful estimate shows that of these appro~ priations which are specified and continuing Appropriations there will be at least $S7, ,OO0,- 900 which will not, and cannot be properly expended during this fiscal year, which makes an actual surplus of $56, ,00O, ,000, which is substantially the same amonnt estimated by the secretary in his annual report; but even this does not fairly represent the surplus revenues for the fiscal year 1889, for in the appropriations above stated there is included the sum of about SIS, ,0OO, ,0Oe for de- foiencies in appropriations for 1SSo and prior years, which should have been appro- priated for at prior session of Congress and ,1a{l 0r1k of fbo years. This added to the above sum of $56,- 900, 900 increases the surplus revenues of 1889 to STA, ,0O0, ,000. This does not include the balances which will be covered into the treas ury on June 30, 1889, of unexpended appro- priations of 1887 and prior years, which, ac- cording to careful estimates made, will not be less than $6, ,000, 900. In the expenditures there is included nearly $4s, ,O00, 900 for the sinking fund, which is really part of the surplus revenues and if added will make @ total of $122, ,00O, ,000 of revenue in excess of the actual and necessary expenditures of the government for the fiscal year 1889 which would make an actual increase of surplus at the end of this fiscal year of $104, ,000, 900. The estimate of unexpended balances at the close of the fiscal year given above is ex- tremely low compared with the actual balan- ces which have remained unexpended 1n prior years. For instance on June 30, 1888, the incorporated balance of the appropriations
 
 1887, $S4, ,371 1895 for the fiscal year which ended on that day, and for each of the years 1886 and 1885 it was over $73, ,00e, 900. The above statement has reference to ex- cess of revenues for the present fiscal year over expenditures for the same time, and is entirely independent of -the surplus now in the treasury of $97, ,934, ,305. 63, including $24, 347, ,54S. .S2 of fractional coin. Any portion of this present surplus not expended within this fiscal year for the purchase of bonds must be added to the $104, ,000, ,000 to arrive at the actual surplus which will remain fr the treasury June 30 next.
 With respect to the probable revenues fol I the fiscal year 1889, the books of the treasury show that during the present fiscal year uI \ to and including October 15, the daily receipts have aggregated SIS, ,9S6, ,566 as against $1 15, \ s6S, ,473 for the same period last year, fall K ing of of only $1, ,SS1 ,907 which may b. \ more than made up by increased receipts dur \ ing the remainder of tho year. which de \ crease is not more than is usual during tn, \ few months immediately preceding 8 presi \ dential election. There is, therefore, no req son to believe that the actual receipts for thu fiscal year 1889 will fall below the estimated receipts. In view of the increased activit. in all branches of business, it is believed
 That they will fully equal if not exceed tn
 estimate"