Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-07-17
WILL THERE BE A DEFICIT?
Chairman Cannon Says the Appropria-
lions win Not Exceed the Revenues.

Mr.. Cannon, chairman Of the House appro-
priations committee, commenting yesterday
upon the statement of the condition of the APP
preparation bills made in the Senate by Mr..
Allison few days ago, which, he said. had
been misunderstood by some and misconstrued
by others, emphatically denied that the amount
OF the appropriations by Congress at this ses-
sion for the current fiscal year will exceed the
revenues
He said: "1Ir. Allison states the aggreg ate
probable regular appropriations Of the present
session at S359, OO0, 900, which sum includes the
whole amount Of the sundry civil bill as re-
ported to the Senate and the whole amount of
the fortifcation bill as it passed the Senate
and is now pending in conference; which tw o
bills will almost surely be reduced in the ag =
gregate S5,000,000 in conference between the
two Houses.
Senator Allison also includes in the said
SS5s,0OO,0OO S31 600 deficiencies, which
have been appropriated for, and IS, OOO. 900 es-
timated yet to be provided for the service of
the last fiscal year.
'Deducting the IS, 900 900 probable reduction
In conference, leaves $685., 900 600 total prob
able appropriations ut this session of Congress
as estimated by Senator Allison, from which
sum should be deducted the deficiencies, $780,
5000, actual and estimated, which are in no
sense chargeable against the revenues for 1891
or as part OF the expenses OF the government
for that year. thus reducing the appropriations
of the session to S317, 5O0.0 900 for expenses on
account of the fiscal year 1891.
again of the $3l7, 500. 900, which includes
S23, 700, 900 for rivers and harbors, "a. 500 600
for Notifications, $23, DOC, 600 for the navy and
S32, 900, 900 for sundry civil expenses at least
$40, 000, 900 will not be expended during the
fiscal year 1891, which would mako expendi-
lures according to appropriations not exceed
ing S297, 100000, to which sum should be added
the permanent appropriations. S101. SOC, 900, for
the interest on the public debt and to meet the
requirements of the sinking fund, making in
all 1899 900, 600 chargeable against tho revenues
for 1891. II the sinking fund be deducted
from this sum there remains $3.50. 900 600
"There is no reason why taxes should be
levied or continued to further provide for the
sinking fund, as am advised by theTreasury De-
partment that the reduction of the public debt
is at this time in round numbers S725, 600 900 in
advance Of the requirements of the sinking
fund.
1.-The ordinary revenues of the government
for the fiscal year ended June 80 $780, are re-
ported by the Treasury at S402, 063, 600. Under
existing laws there is no reason to anticipate q
less sum from the ordinary revenues during
1891. The postal revenues for 1891 are esti-
mated by the Postmaster General at S65,414-
600, making total of S467 497 900. Deducting
aggregate appropriations OF $3.50, 900 900, there
will be surplus of S117, 497, 900. which is more
than ample to meet the requirements of the
new pension law, and the reduction of taxation
from the enactment of the Mckinley BILL esti-
mated at 800 GOO, 000."