The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-10-17
SIZE OF THE SURPLUS.
THIS YEARS EXCESS OF REVENUE
PUT AT $1e,OoO,OOo

The Amount to be Run Up to
$74,OOO,oOO by Appropriations
Which VIII Remain Unexpended
and Other Income Items-A Portion
of the Present Surplus Must be
Added.
WASHINGTON, Oct. 16.-Acting Secre-
tary Thompson of the treasury department,
in speaking this afternoon in regard to the
probable condition of the treasury at the
end of the present fiscal year said: "The
appropriation bills having all been passed
by the present congress, some estimate can
now be made of the probable surplus of
revenue for the fiscal year ending June 80,
1899, over the expenditures for the same
year. Estimating one or two minor items
the expenditures amount in the aggregate
to $500, 100000, with estimated expenditures
from permanent annual appropriations,
which are put at Sll5,G4O, 79S, making
total of S42l $40 798.
EXCESS OF THE REVENUE.
'The total estimated revenues are $44O,-
100000, making an excess of revenue over
the total of the appropriations about Sl9,
100000; but this by no means represents the
actual surplus of revenue for the current
fiscal year. A careful estimate shows that
or these appropriations, which are specific
and continuing appropriations, there will
be at least $37 100000 which viii not and
cannot be properly expended during this
fiscal year, which makes an actual surplus
of $56,000,00O, which is substantially the
same amount estimated by the secretary i'll
his annual report. But even this does not
fairly represent the surplus revenues for
the fiscal year 1889, for in tho appropria-
tions above stated, there is included the
sum of about SlS,000,0 900 for deficiencies in
the appropriations for 1888 and prior years,
which should have been appropriated for
at the prior session of congress- and paid
out of the surplus revenues of former years.
RUNNING IT UP.
"This, added to the above sum Of $780, 900,
900, increases the surplus of 1889 $4,000,
600. This does not include the balance
which will he covered into the treasury on
June 30. 1889, of the uuexpended appropria-
tions of 1887, and prior years, which accord
ing to the careful estimates already made,
will not be less than $1,000 0G0
I'm the expenditures there is included
nearly $48, 900, 900 for the sinking fund,
which is. really part of the surplus reve-
nues, and if added will make a total of
$l22, 100000 of revenue in excess of the
actual and necessary expenditures of the
BONCl AOi bLc lloCdl Jb1I iCDD, WHICH,
would make an actual increase of the sur
plus at the end of this year of $l04, 900, 900
Low ESTIMATE
"The estimate of the unexpended balances
at the close of this fiscal year, given above,
is extremely low, compared with the actual
balances which have remained unexpended
in prior years. For instance, on June 30,
1888, the unexpended balance of the appro-
priations, for that year, was $75, 900,
and on June 80, 1887, $S4 81 ,S95 for the
fiscal year which ended on that dag, and
for each of the years 1886 and 1885 it was
over S73, 100000 The above statement has
reference to the excess of revenues for the
present fiscal year over the expenditures for
the same time, and is entirely independent
of the surplus now in the treasury, amount
ing to S97, ,734, ,305 63, ssincluding S24, ,347,- =
548 50, of fractional coin.
MUST BE ADDED TO THE SURPLUS.
"Any portion of this present surplus not
expended within this fiscal year for the
purchase of bonds must be added to the
$104 000, 900 to arrive at the actual surplus
which will remain in the treasury on June
80 next. Withrespect to the probable reve-
nues for the fiscal year 1899, the books of
the treasury show that during the present
fiscal year, up to and including Oct. Is, the
daily receipts have aggregated $l13, ,9S6, ,566,
as against Sll5S6S ,473 for tie same
period last year, a falling off of only 1881,
907, which may be more than made up by
increased receipts during the remainder of
the year. which decrease is not more than
is usual during the few months Immediately
preceding presidential election. There is,
therefore, no reason to believe that the
actual receipts for the fiscal year 1889 will
fall below the estimated receipts. In view
Of the increased activity in all branches of
business, it is believed that they will fully
eoual If not exceed the eStimaten -