New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-04

fonr hundred and two millions. Inc oiHer-
ence seems to be mainly in the sums appro'
rrated in the Sundry Civil, Naval and Forth,
cations bills. which MIR. Cannon believes Will
mot he called for during the current fiscal
vc,r. lie agrees with Mr.. Allison that about
half the amount appropriated for river ana
horhor improvements will not be required this
wear. as it has been the custom to make 'hesc
concentrations cover the work OF two years
This takes off twelve and half millions. ana
the other appropriations above named seven
and a half millions more. while the dcfclehc'eS
recEOned against last years revenue are
tnirty-eicht and a half millions. These sums
deducted from the aggregate appropriations,
S46OGt6.4Oo, leave about four hundred ana
tvo millions to be met from the revenue OF
the current year. But Mr.. Allison reckons
tho anpyopriations at four hundred ana
elcvcn millions. exclusive of forty millions for
tbe Dcpc Alent Pensions bill. and dedcts only
tventy-scvcn millions for the defclencleS
which have been actually pAld ont Oh '"S'
wears revenue. and twelve and half millions
for the River and IIarbor appropriations "h'ch
will not be expended during the current year
The statement of Mr.. Allison is much the
clearer in regard to tho changes Of revenue
resulting from the pending Tariff bill. lie
cst,maics that the addition OF sugar and other
ARTICLES 70 the free list will reduce the revcnu"
siytv'and half millions. but that nine millions
will be added by the increase OF duties on WOOL
and woollcns five millions by the increase OF
dutcs on tobacco. four millions by the in
crease of duties on agricultural products. TWO
and q half millions on liquors. and one
and half millions on lax ana
hemp products. making net de-
trcfIsc of thirty-thrcc and half millions III
the revenue The balance now in the Treas
ury is one hundred and seven millions. ana
Mr.. Allison rcckons that the Treasury can pay
all IFS foir-anda- half per cent bonds yet. ont
standing from the revenue of the current fiscal
yeor. Mr.. Cannon. though making different
calculations in many respects, arrive, at the
same conclusion.
Senator Allison was asked whether his cal
culation included any payments Tor silver p''r-
chased and replied briefly that il did not
Obviously the Treasury will not find its avail
able funds reduced at all by payments which
arc made with the new notes issued, ana
whether the sum paid for silver bullion be
greater or less. in any event the whole amount
will be added to outstanding currency. an
equal sum being added to assets in the Treas
ury for the bullion purchased and held.
In one respect both these financial state
mcnts ale probably inaccurate. They connt
upon a revenue larger than that of last year
ly ton millions. because there has been an IN
crease to that amount already in receipts from
customs duties. But it is very probable that
imports having been unnatura'ly largo during
the last few months because of the desire OF
importers to get goods into the country be-
fore change of duty, there will b" som" de-
crease in importation> during the remaining
months of the fiscal year. This decrease
however. will not be great enough materially
to affect tho reasoning Of Senator Allison or
Mr.. Cannon and IN any event th" Treasury
should have money enough 10 pay about seven
~ millions of the fo'lr-and-a half per cent
bonds outstanding leaving for tho noy' fiscal
wear only an amount which can hc easily paid
i'm the months of July and August.