The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-10-17
1.-THE SURPLUS CASH
In the United States Treas
ury.
THE COIN STILL INCREASING
Acting Secretary Thompson on the
Probab BILE Condition of Our
Finances.


Secretary Thompson, of the Treasury
in speaking, this afternoon, in regard
to the probable condition of the treas
urv at the end of the present
fiscal year, said: "The appropriation
bills having all been passed by the pres
ent Congress, some estimate car now
be made for the probable
SURPLUS OF REVENUE
For the fiscal year ending June 30, 1889,
over the expenditures for the same
YEAR. Estimating one or two minor
items, the amount in aggregate is $780,
600 600, With the estimated eXpen-
ditures from permanent annual appro-
priations which are put at $l15 GAO T9S,
making a total of $421, 640, 1888. the total
estimated revenues are S44O, SCI, OOO,
making an excess of revenue over the
total appropriations of about $40 .OO0,-
600; but this by no means represents
the actual surplus of revenue for the
current fiscal year.
A CAREFUL ESTIMATE
shows that of these appropriations
which are specific and continuing ap-
preparations, there will be at least $37,
OOOO0 which will not and cannot be
properly expended during this fiscal
wear. which makes the actual surplus
S56 600 900, which is substantially the
same amount as that estimated by the
secretary
IN HIS ANNUAL REPORT.
But even this does not fairly represent
the surplus revenues for the fiscal year
of $50, for in the appropriations above
stated there is included the sum OF
SIS. O00, 900 for deficiencies in the appro-
priations in 'S8 and prior years, which
should be in the amounts appropriated
for at prior sessions of Congress, AND
paid out of the surplus revenues o.
former wears. This added to the aboYe
sum of $56 100000 increases the surplus
revenues of '89 to $74 900 900. Thl:
does not include balance which Will b'
COVERED INTO THE TREASURY
an the Goth of June, 1889, of the ia
expended appropriations of 1887 ant
prior years, which, according to care
full estimates, will not be less thar
Sc 900 900. In the expenditures there
are included nearly $4S, GOO, 900 for tbs
sinking fund, which IS really part OF
the surplus revenues, and If added to i
will make q total of 1920 ,000,0 900 o.
revenue in excess of the actual and
necessary expenditures OF government
for the fiscal year of 1889, which would
make an actual increase of surplus a.
the end of this year of $104, 900 900
Estimates OF the
UEEXPENDED BALANCE
at the close of this fiscal year as giver
above was extremely low, as compared
with the actual balances which have re
manned unexpended in prior years. Fol
instance, on June 30, 1888, the uneX-
pended balance of appro priatlons FOL
that year was $75 ,5l4 Quo; on the SOth O
June, 1887, $84, 81 1876; for the tisca
years which ended on that day for eacf
of the years 1886 and 1885, twas ovel
$50, 100000 above. The statement hal
reference to the excess of revenues fol
THE PRESENT FISCAL YEAR
over the expenditures of the same time
and is entirely Independent of The sur
plus now in the Treasury, amounting
to $97, 1874, 305, including $24, 347,548 Of
fractional coin. Any portion OF the
present surplus not expended within
this fiscal year for the purchase Of
bonds must be added to the S104 900 0O(
to arrive at 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 o
1889, the books of the Treasury
show that during the presen
fiscal year up to and including OcGobel
18th, the daily receipts have aggregated
$113, 1856 ,566 as against $115 868 ,473 TO
the same period last wear. The tallip.
of is only 81 88l ,907, which may b
more than made up by
THE INCREASED RECEIPTS
during the remainder Of the year
which decrease is not more than is usua
during the few months immediatel
preceding presidential election. Their
Is therefore, no reason to believe tina
the receipts for the fiscal year of l8S
will fall below the estimated receipts
In view of the increased activity in al
branches of business, it is believed tina
they will bs fully equal, if not exceed
the estimate.