The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1892-01-29
THE TREASURY.
The Financial Condition of the
Government Given
At The WAYS AND MEANS REQUEST.
Comparison Between the Current Fiscs'
Year and the Last Fiscal Year Be-
fore the Tariff Took
Effect.

WASHINGTON, Jan. 25.-By request OF
the ways and means committee. Oliver
L. Spaulding, assistant secretary of the
treasury. appeared before it Saturday
to give information as TO tne financial
condition of the government Several
treasury experts were also present.
The object was to secure official intor-
nation as to reve1 tues and expenditure
as preliminary for any possible tariff
legislation.
Mr.. Spaulding said he would make a
comparison between the current fiscal
year and the fiscal year ended june 30,
1890, the year before the present tariff
act went into effect The customs re-
ceipts for the six months ended Decem-
Der 81, 1889, were S1O9, 629, 600; current
six mouths SIS, 722. 900; first twenty
DAYS in 1890, Sl3 613. 600; first twenty
days of this month, S1l. 996, 600. making
customs total 10 date 9T,91s, 600.
against 1923, 800. 900 two years ag'.
The total receipts from customs for
the fiscal year 1890 were S229, Cos, 600,
against an estimated total for this
year of SIS, OOJ, 900. The internal rev.
enue receipts for the six months ended
December 81, 1889, were SOS, SCI, 200; for
the current six months S7I,057, 000;
first twenty days of 1890. So. PSI, 900;
first twenty days of 1892, 81, sos, 900; to-
tai internal revenue receipts for the
fiscal year 1890, Sl42. COG 900. compared
with total (estimated) for 1892, of
1852, 900, 600.
The miscellaneous receipts for the
six months ended December 81. 1889.
were Sl4, al, 600; for the current six
months, Sl1. SG4 600; total for fiscal year
1890. $50, sos, 900. compared with total
(estimated) for the current fiscal year
of S25, coo. 600.
The total receipts from all sources,
Mr.. Spaulding said. for the fiscal six
months OF the current fiscal wear are
STA, 151, 600. against 1892, S97, 900 for
the first six montls two years ago;
for the first twenty DAYS of
the present month $50 $50, 900, against
S2i, 156, 600 two years ago; total revenue
(estimated) for the current fiscal year,
$500, 900. 900, against S4O3, O79, 900 for the
fiscal year 1890 The actual receipts of
STA, $4,000 for the first six months of
the current fiscal year were about S.
600, 900 more than the expenditures.
The expenditures (estimated) for tne
current fiscal year were 1888, 900, 900, or
about S24. O00 600 less tnan the estimated
receipts of s362, 600, 600.
In answer to Mr.. Springer, Mr..
Spaulding stated that the postal re-
ceipts and expenditures were not in
Guided in his statement. but that the
deficit in tne postal depar ment had
been included in the expenditures and
the surplus shown was not affect
ed This did not include the sink
ing fan1 1t woull be neces-
sarv to take $40, 900. 900 out of the
surplus of $1,000 OOO to pro-
vide for sinking fund requirements. In
to the S24.OOl. OO0 apparent
surplus lere was in cash in the treasury
II $3.50 72s, O00, making
total of S153, S93, 900. He included in
leash in the treasury" the gold certif-
Gates of S1O0, 900, 900 held for redemption
of greenbacks amounting to S34G, OOO,-
600
Mr. Bryan. of Nebraska. a=lSed if this
gold reserve was available for govern
ment expenses and Mr.. Spauldilg re-
piled that he understood Secre tary
Foster so considered, and in reply to
further inquiries said that there was
no statute setting it aside There might
be a resolution setting it aside infer
entiaiiv