New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-12
THE TREASURY FINANCES.
NO FEARS OF NATIONAL BANKRUPTCY.
"c,r,vrry rI.Rsn ATTRACT LITTLE NorcE-A
SURPLUS FOR THE YEAR EXPECTED.
tny TELEGRAPH To THE IhBUSEi

"CAE.NITY LIARS" ATTRACT LITTLE NoIi|E-"
SURPLUS FOR THE YEAR EXPECTED
icy TELEGRAPH To THE TiiBUsE-i
vosh,nct,, Nov. II. said Treasury Official to
a Tribune correspondent today
aThc impending bankruptcy Of the Government IS
n sub,ect which has ceased to cansc us mich annoy
ance For tine the Wild assertions OF Democr"''0
staosmen as well OF Democratic ana Mus""i"V
ncwspapers whoso chief stock trade appears 10 co'
slst of calamity les caused good many INQUIRIES
20 h. made here I'm regard to tho actual con9i1on OF
tine Treasury, ard several Official and semtohlciai
statements were made. Now, nobody seems TO pay
any attention 10 the wild bowls and false asser-
tions OF the Democratic editors. who have had the
Treasury In n bankrupt condition ever since laS' Win
ter suppose sensible people who tmnR aoou' inc
matter know that the assertions are false ana ui'mi's
the subject as often as 1t IL prcsened' ~ he'er
seeu,s 10 have occurred the who are DONG so
much robust lying In the hope Of producing o"s''
ness scare that II the Treasury had been bankrupt
during the last eight months they assert tho coun-
,rv does NOT know or care anything about IT,
Estimatin. the receipts and expenditures OF inc
Government from November l, 1891, to June oV'
1892 on tie basis OF the actual recepts ana cA
peIdltures from July 10 October 81, 1eVl, INC net
surplus in the Treasury June 80 1882 the emo VI
the current fiscal year, will amount to S24ooo'ooo
The estimated receipts from customs for the c'rNht
fiscal wear made I'm December, 1890. were 100000
600 The actual receipts from customs TOR the nist
four months OF the year amounted to $oS7344oo' Vi
which amount S13,0e0, 697 WAS received In OCTOBER
The receipts from customs In the first seven business
DAYS OF this month amounted to $4,644,OOO ana IN
dicatons are that tho lowest stage OF customs recp
under the existing Tariff law has been reached ana
passed The receipts on account of Internal revenue
and from miscellaneous. sources arc also likely W
increase and the total revenue for the year VIII hot
fall much II any, short of the estimates made In
December, 1890.
The expenditures during the last hsca year "eie
unusually heavy. The refundng OF the direct tN
took more than S11 100000 out OF the Treasury
which was an unu%.aly extraordinary expend
tire OF the same nature was the expenditure Vi
aboJ,t S1,25O,OOO on account Of French spobauoii
clams and q portion OF the expenditures on aeeouh.
OF pensions and the Eleventh Census. The fees OF
election supervisors and marshals also amounted W
considerable sum, and no payment ON that account
will be required during the current year Inc III
ercst charge on the pubic debt Will be about Sif'
100000 less this year than 1t was last year. Aoout
81 900 900 OF the 1-2 per cent Donds remain ou,.
standing TO DO redeemed presented, ana the sueo
bounty for the current year probably Will not excee
so 900 OOO There Will be an increase over last yen
in expenditures account OF the Navy ana INC inai-
ans A large portion Of the money expended on tie
latter account. however, will flow back into the
Treasury sn the form of receipts from sales OF lands
the Indian titles to which were exunghshed by the
last Congress.