Evening star. [volume] (Washington, D.C.) 1854-1972, 1892-01-23

HE GIVES COMPARATIVE STATEMENT OF TX
PESsEs AND RESOURCES As SHOWN BIZ THE
BOOKS OF THE TREASURY pEpARrxESr-rHE
GOLD REsrRvK YRovoKEs DISCUSSION IN THE
COMMITTEE.
BY request Of the ways and means committee
Mr.. Oliver L. Spaulding. assistant secretary Of
the treasury, appeared before the committee
today to give il information as to the financial
condition Of the government Several treas
ury experts were also present The object of the
committees inquiry is to secure official infor
maton as to the revenues and expenditures of
the government as preliminary to any possible
tarin legislation Secretary Foster is out OF the
city recuperating and Mr.. Spaulding took his
place.
Representative Bourke Cochran said tina,
having heard an exhaustive discussion of the
suolect OF the governments financial condition
IN the House, he knew less about 1t than he ever
did. and suggested that Mr.. Spaulding give
statement in his own way.
MR.. sPAULDINGs STATEMENT.
Mr.. Spaulding said he would made COM
parison between the current fiscal year and the
fiscal year ended June so, $780, the year before
the present tariff act went into effect He
would give the actual receipts up to date and
estimate those for the balance Of the year.
ne said the customs receipts for the six
months ended December 81. 1889. were Sl09, 629,-
oOO; current six months, SIS, 122 OOO; first
twenty days in 1891, S13.613 600; first twenty
days Of this month, Sll ,996, 900; making Gus
toms total to date, 81, 1884, 900. against 1928
242' GOO two years ago. The total receipts from
customs for the fiscal year 1850 were S229, 66S,-
0OO, against an estimated total for this year of
SlS5.OOO, OOO The internal revenue receipts
for the six months ended December 81.
1859. were sos. 81 ,o0e: for the current six
months. S71,O57, 600; first twenty days of 1890.
50. .OOO first twenty days OF 1892 81 sos 600:
total internal revenue receipts for the fiscal
year 1880 SAP, COT. 100, compared with a total
testimated) for 1892 of Sf50, 100000. The
miscellaneous receipts for the six months
ended December 81, 1889, were S14, 7i7,0O0;
for the current six months, Sl1 ,364, 600; total
for the fiscal year 1890. $50, So, 900; compared
with total (ostimated) for the current fiscal
year OF S25, 100000 The total receipts from
all these sources for the first six months OF the
current fiscal year were STA, ISL 900, against
Sl92. S97 600 for the first six months. two years
ago; for the first 20 days o. the present month.
$40 S37 COO, against SCI, 756. 600 two years ago;
total revenue (estimate6) for the current fiscal
year. S3G2 COG. 0O0, against S403 O79 600 for the
fiscal year 1890. The actual receipts of
SKA 100 Tor the first six months of the cur
rent fiscal year were about 81, 900. coo more
than the expenditures for the corresponding
Six months. the expenditures being l67 074, 900.
The expenditures (estimated) for the current
fiscal year were $685., goo ,000 about s24 GOO GOO
less than the estimated receipts of s362 00O 600.
QUESTIONED BY MIR. SPRINGER.
In answer to Mr.. Springer, Mr.. Spaulding
stated that the postal receipts and expenditures
were not included in his statement, but that
the deficit in the postal department had been
included In the expenditures, so that the sur
plus shown was not affected.
Mr.. Springer asked if the sinking fund re-
qulrements were included.
MIR. Spaulding replied that his figures did not
include the sinking fund
Mr.. Springer inquired if that we're not
charge on the treasury.
Mr.. Spaulding said that it would be necessary
TO take SlO.uOO.0O0 out of the apparent surplus
OF 24.OOO.O00 to provide for sinking fund re-
qulrements. Mr.. Spauldng added that in ad-
dition to the SPA 900 900 ap parent surplus there
was cash In the treasury amounting to
SlS9 !2s 600, making total of s153, $50. 600.
He included in cash in the treasury" the
gold reserves Of 800, 600, 600 held for redemp-
ton OF greenbacks amounting to SAG. 900 O00.
THE GOLD RESERVE.
Mr.. Bryan (Neb) asked if this gold re serve
was available for government expenses.
Mr.. Spaulding replied that he understood
Secretary Foster so considered it. and in reply
to further inquiries from democratic members
who desired to know if Congress- had not recog-
nized the gold reserve as set aside for a spe-
49,; pooo ne '",t mat .heie Was no s,atute
s set.is ~ as,ue; tnere might De resolution
Thae a; !. asuo ,iet .h
s,i,aJ =, usson "a 'ne eoiu reserves soon re-
audsranmti;oa, r,a,r, pe'Meeil Tue oem ocraIle
forn,or 49,, -. ~. .,O o .ne
s.,na;oi .un.enins Una. lne! were iuna for
sp., pui pJse anu no, asaiiaoIe Ior ordinary
~ NJ, aInEo o Io ei ASST leo ,ne con,
ai,rsrs u 49,, rnn 9eci"rins .hat tney had
raso;,r,as 80. 81 Sa as par. Vi ordinary
as;da ~, S.s.a,, VS. .eoay aunlihs set them
NJ ~ ese.e VI ueasury DookkeePihS;
ci ~ tL nei VI ueor sia asAeo Mr. spauiding:
g. we were 70 get INTO pinch,
'o NV cue sEiu iese I DC usea.
~. SpauiGlns SIR ! mink SO. am
noI 80 en'ile'y M cnarge OF the treasury De-
par t.t tinen.. however, tha' would not consult
Nun secretary roster. VINO Is at Fortress
M1nroe, as 70 what should DO: should con-
'uHs WIZ w nin oeiore taAihs acuon.
vi some szo.ooV,oOO OF bonds
W.. ,:a,:i!. Doh you CONSIDER them cur
iem. HaoNiies!
.. VT opa;u,oiusMNo sir; they are extended
h, hae oe'Aon VI Tue government out not OF the
noioef''
MR.. MAcLENNAN's STATEMENT.
Mr.. Maclennan. chief of the warrant division
Of the Treasury Department, in reply to Mr..
Turner, said this extension was not under au.
thority of law, but was a treasury arrangement
between the government and the creditors.