Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-18
A BIG DEFICIT PREDICTED.
Major Carson Figures Ont the Speedy
Extinction OF the Surplus.


Extinction ofthe Surplus.
WASHINGTON, July I7.-Much comment has
been caused here Dy statement in the Public
Led1er, of Philadelphia. Major Carson, the
correspondent of that paper, who is also clerk
of the House Ways and Means Committee. IS
strongly of the opinion that the surplus Is
going to the dogs. As he is in position 10
know whereof he speaks. his startling ngures,
which were called out by certain statements
made by Senator Allison in regard to the ap-
preparation bills. are entitled to more than
passing notice. Major Carson says:
THE Secretary of the Treasury estimated
the expenditures for the current year at wv
900, 900. so that the aggregate Of the approprla-
tions made and to be made exceed the Secre-
tary's estimate by about So. 600. The esti-
mated revenues for the year are 1885 600 1t
will thus be seen that the appropriations are
within S28,000, GOO of the anticipated revenues
for the year, exclusive of interest on the public
debt provision for the sinking fund, the cullec-
tion of customs and other i ems provided Tor In
consideration entirely the millions that will be
required 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 Secre-
tary of the Treasury, show a difference OF T4,-
co., 600 between the anticipated receipts and the
expenditures. The passage Of the tariff bill
if to this be added SO 900 900 for the dependent
pension act we have deficiency for the year OF
SiHOO0,UO0. Even If the tariff bill could be
abandoned and the estimate of the Secretary
De realized the end of the present fiscal year
may be expected TO show a deficit OF @4, OO0.O0O
900 Included in the appropriations are so6
Ooo Tor the Postnfice Department. The Post
master General estimates that the receipts Of
the postal service for the year will be S65, ,OO0-
OUO which should be added to the 1885. 700 QUO of
revenue estimates by the Secretary of the
treasury; This would make the total receipts
$3.50, 900 600 against S45g 900 900 of expenditures
The appropriation for pensions is sos, 600, 900,
which is about sl2, 600 900 short of what will be
actually required; Adding s20,000OoO for the
dependent bill, $4,000, 900 for the regular pen
sion roll, and $40, 600 for miscellaneous ap
propriations made by Congress at this session,
gives a total of over $500, 100000 as the
expenditures for the current year. and
and deducting s50OO0O00 from the re-
ceipts on account of the passage of
the tariff bill leaves difference of over s1OO-
OOO.OOO between the receipts and the expendi-
lures. In this calculation no account is taken
Of nearly 81, 900, 600 necessary to start the ma
which the Commissioner of Pensions has asked,
and bill to meet which is now pending in the
House; che amount involved in the subsidy
bills. nor the So 000, 900 which ir Is estfmat ed
will be required to pay the Sugar bounty should
the tariff bill pass"
The attention OF Secretary Window was d.
rected to Mayor Carson's despatch. and he de-
ciared that there would be no deficit, although
ne careruIly avoided saving anything as to the
general correctness of the figures and the re-
suits deduced from them. To snow that there
would be no deficit the Secretary starred with
his estimated revenue of 1886, 600 0OO and add
ing $50, 600 900 now held in Ii treasury for the
redemption Of circulating notes of national
banks that have failed and are in liquidation,
ana sZ3,O0O,0O0 OF SO called available assets in
iractlonal silver coins to the s55. 900 900 or net
balance, produced surplus Of Sl34. 4.00O, 000 In
this way he figured out that there would be no
oenclt even on the figures presented.