The comet. (Johnson City, Tenn.) 1884-1916, 1890-07-31
ALARMING BANKRUPTCY.
A TREASURY DEFICIT OF FORTY.
FOUR MILLION DOLLARS
PROBABLE.
SENATOR ALLIsoNs STATEMENT
Major Carson, Clerk of the House
Ways and Means Committee,
Presents the Startling
Figures.

Carsons Washington Dispatch to the Ledger,l
Senator Allison, in explaining the
status of the several general appro-
priation bills, stated to-day in the
Senate that the aggregate Of the ap.
propriations, as embodied in the bills
already passed, and those still pend
ing, would aggregate 1888, 100000 the
current fiscal year. This is larger
aggregate than was appropriated for
the ordinary exsense OF government
for any year since 1866, the year fol-
lowing the close Of the war, and for
which year the ordinary expenditures
of the government were nearly 1885,
100000. For the year 1868 the ordi-
nary expenditures were $230,000,000
and for no year since have these ex-
penditures been over $209,000,000
down to 1887, when they reached
$220000,000. In 1888 and in 1889
the expenditures were $215,0O0,0O0I
and 241 100000 respectively. The ag-
gregate Of $359,000000 for the current
year reported by Mr.. Allison does not
include interest on the public debt
and other expenditures provided for
by law, known as permanent appro-
riatiOns," and which amount to about
$100000,000 annually. Neither do Mr.
Allison's figures include the sum in
volved in the dependent pension act,
passed by the present congress, and
is variously estimated at from 100000
600 to $70,000,O00. Last year there
there was no appropriation for rivers
and harbors, but the appropriations
for the current year provide for an
expenditure of about $30,0OO,O0O on
this account.
The Secretary Of the Treasury esti-
mated the expenditures for current
year at 5000 100000, SO that the aggre-
gate OF the appropriations made and
to be made exceed the Secretary's
estimate by about 1867 100000. The
estimated revenues for the year are
1886, 100000. 1t will thus be seen
that the appropriations are within
$26,000,000 of the anticipated revenues
for the year, exclusive of interest on
the public debt, provision for the sink
ing fund, the collection of customs
and othor items provided for in the
permanent appropriations. Some
time ago attention was call to the fact,
in these dispatches, that deficit was
threatened for the current year by
the prodigal appropriations that were
being made by Congress. The figures
furnished by Mr.. Allison to-day re-
move all doubt on this subject and
make it certain that the expenditures
will largely exceed the receipts this
year. Leaving out Of consideration
entirely the millions that will be re-
quired for the dependent pension act
and the reduction that will follow the
passage of the pending tariff bill, Mr..
Allison's figures, taken in connection
with the estimates of the Secretary of
the Treasury, show difference of
$74000,000 between the anticipated
receipts and the expenditures. The
passage OF the tariff bill will reduce
the receipts at least $50,000,00 and
if to this be added $20,000000 for the
dependent pension act we have a de-
fciency for the year of $144 100000
These are startling figures and cannot
fail to excite the greatest surprise in
the public mind and perhaps call
forth popular protest in such form
and volume as will be needed by those
who will constitute the Fifty-second
Congress. Mr.. Aliison,s 8 figures Of ex
penditures may be cut down thirty
millions by the failure in Congress o
the river and harbor bill, or by its vetC
should be passed but, on the othe
hand, we have subsidy bills and The
Federal Election bill which, if enacted
will swallow at least one-half of tn,
sum proposed by rivers and harbors
That mo fnu force ~ tbo sitpatio,
NAV bo understood the figures are ar
ronood in columns.
Exnend;tpre, S45oOoO 90
Donardort nons;ons % Oo0 oo
-
Total k1TO 0D0 O0