Idaho news. (Blackfoot, Idaho) 1887-1891, 1888-10-27
rsrIM4rNe rar srar1Us.
Probable Condition ~ the Treasury Z
I'm,


jane so, 1883.
Acting Secretary Thompson, OF TIL,
treasury, in speaking in regard to til,
probable condition of the treasury n
the end of the present fiscal year. said
The appropriation bills having al
been passed by the present congress
some estimate can now be made Of thI
probable surplus Of revenue for the fisca
I year ending june 80, 1889, over the ex
/ penditures for the same yenr:
Estimating one or two minor items
the amount in the aggregate is 5000,
600, 900, and the permanent annual mp.
preparations, which are put at S1l5, $40,
79S, make total of $4sl, GAO, 70S. The
| total estimated revenueS are S440, $780,
600, making an excess of revenue ovel
the total of appropriations of about 3d..
600, 900; but this 10y no means represents
the actual surplus of revenue for the
current fiscal year. A careful estimate
shows that of these appropriations there
will be ut least S37. 600, 900 which will
not and cannot he properly expended
during this fiscal year, which makes an
actual surplus of S56, 600, coo, which 10
substantially the same amount estimated
10y the secretary in the annual report.
But even this does not fairly represent
the surplus revenues for the fiscal year
OF 1889, for IN the appropriations above
stated there is included the sum Of SIS
600, 600 for deficiencies in appropriations
Tor 1888 and prior years Whieh should
have been appropriated for ut prior SEES.
slOns of congress and paid out Of the
surplus revenues of former years. This,
added to the above sum of $3.50, O00, 900,
increases the surplus revenues of 1899
to 81, 400, 600 This does not include the
balances which will Ire covered into the
treasury ON the 30th of June, 1899. of
unexpended apprOpropriations of 1887,
and prior years. which, according to
careful estimates, will not be less than
5000, 000
In expenditures there is included
nearly "a, 800. 900 for the sinking fund,
which is really part of the surplus rev
ennes. and If added wia make total OF
Sl22, 600, 900 of revenue i'll excess of the
actual and necessary expenditures OF
the government for the fiscal year. 1899,
which would make the actual increase
OF the surplus at the end Of this year Of
$40, 400, 900.
The estimate of the unexpended bal.
ances Mt the close of this fiscal year,
given above, is extremely low compared
with the actual balances which have re-
manned unexpended during the year.
For instance, on June 80, 1888, the I'M
expended balance of appropriations for
that year was 1854. 600; on tue 30th
of June, 1887, 81, 371 500 for the fiscal
year which ended on that day, aud for
each Of the years 1886 and 1885. it was
over S53, 000,0 900.
The above statement has reference to
the excess of revenues for the present
fiscal wear over the expenditures for the
snme time, and is entirely independent
oil the surplus now iii tine treasury
to S97, 934, sos, iucludiug
S24, 3ll, jlS of fractional coin. Any por-
ton Of the present surplus not expended
within this fiscal year for the purchase
of bonds must be added to the si04,-
600, 600 TO arrive mt the actual surplus
which will remain in the treasury on the
Both Of June next.
With respect to the probable revenues
for the fiscal year 1889, the books Of the
treasury show that during the present
fiscal year. mp to and including October
10, the daily receipts have aggregated
Sl13, 9S6, 566, as against Sl1j, 1853, Alb for
the same period last year, falling OIL
OF only St,SSi ,907, which may be more
than made up by increased receipts dur
ing the remainder of the year, which |
decrease is not more than is usual dur |
ing the few months Immediately preced- |
ing o presidential election. There is, |
therefore, no reason to believe that the |
actual receipts for the fiscal year 1888 |
will fall below the estimated receipts.
In view of the increased activity in all |
branches of business. it is believed they |
will fully equal if not exceed the esti
mate.