Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1888-10-19
ONE HDNDRED MILLION.
Ths ProbabIa Condition of the National
Treasury at the Ed OF the
Present Fiscal Ysar.
The Millions of Dollars of the Peoples
Money that will be Locked Up
in Uncle Sans Vaults.
The Republican Senators Talking of
Resolution Providing for a Esecsss
UatIl After tho Election.
THE SURPLUS FOR 'S9.

WASHINGTON, Oct. 16.-Acting Secre-
tsry Thompson Of the treasury,
in speaking this afternoon CT the
probable condition OF the treas
ury at the end OF the present fiscal year,
said: "TEe appropriation bills having
all been passed by the present Congress-
some estimate c1n row be made Of
the probable surplus revenue for the
tiscal year ending June 80, 1889, over the
expenditures to- the same YeiS. Esti-
mating one OF tTo minor items the
amount in aggregate is S306, 600, 900 with
estimated expenditures for permanent.
snrusl appropriation which are put st
SIZE, 640,79S, mssipg total Of S42l, 640,s
1913: The total estimated revenues are
500, 900, eco, making tie excess OF rev.
erue ever the total appropriations OF
about $40 0O0, 0C0. But this By 10 mesns
represents the actual surplus CT revenus
Tor the current facal yesr. A careful
estimate shows that G. these sppTopria-
tions which sre specific sEd continuing
appropriations there Will be Ct least $751;
600, 600 which will not AMI csGnot be
properly expended during this fiscal
year, which makes 81 sctu:l surplus Of
$50 100000 which is substantially the
same smount 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 c gum Of about Sl8,000,00 for
deficiencies in appropriations for 1888
srd prior years which should have been
Apr opria.ed st the prior session OF Con-
gress and paid out CT 8 surplus rev.
enue Of former Yasrs. This added
10 the above sum Of $50, 900 900 Increases
the surplus revenue Of 1889 10 S74, 000,-
coo. This does not include the balance
watch will be covered into the treasury
on the 30sh CT June, 1889, o; the mex
pended appropriation OF 1887 srd other
years, which, according to the estimates
made, will not be less than Sc. 600, 600. In
the expenditures there is included nearly
| S48, 0O0,00 for the sinking fund, which
is really part OF the surplus revenues,
ana II added will make total of Sl22.-
| 100000 Ct revenue in excess Of
the actual and necessary expenditures
| OF the government for the fiscal
year 1853, which would make
the actual increase OF the surplus ct thu
end Of this yesr S1O4 coz, 600.
The estimate Of unexpended bslsnCe 81
the close Of this fiscal year given above Is
extremely low compared with the actual
balances which have remained unex-
pended in prior yesrs. For In
stance, June 80, 1888, the UNI
expended balance CT appropriations
for that year was SIS, 514 coo; on June
30, 1887, S84 81 600 For the fiscal year
which ended on that date, and 1'.Hr each
OF the years 1856 and 1885, il was over/
S73, 900, 900. Tee soove statement ha4
reference to the revenues for the
present fiscal year over the ex-
penditures for the ssms time and
is entirely indeper dent of the eurplus
now IN the treasury amounting to S97,-
943, 1905, including 24,347, $40 OF frac-
tional coin. Any portion OF the present
surplus not expended within this fiscal
year FIR the purpose CT bonds must
! be added to the 104,000,0o0 to
arrive st actual surplus which
will remain in the treasury on the S0.h of
June next.
With respec. TO the probable revenues
for the fiscal yesr 1889, the books CT the
treasury show inst during the present
fiscal year up TO and including Octo-
Der Is, the daily receipts have
aggregated SlI3, 1856, 566 as sgaiust
Sll5,SSS,755 for the same period
last yeAr, falling Of Of only S1,eS7,907,
which may DE more tosn made up by the
Increased receipts during tie remainder
OF the year, which decrease is not more
than usual during the few months imme-
diately preceding s presidential
election. There is therefore no
resson to beIievs that the actual receipts
for the fiscal year 1889 Will fall far be-
low The estimated receipts. In view of
the increased activity in sll branches of
bu.,,a4a ~ ia heliayed that thew will futlv
euusl II not exceed the estimate