Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1892-01-24
A STATEMENT

or the Financial Condition Of the Country
Given 90 the Committee on Ways and
Means
WASHINGTON, d. c. January 25.-By
request of the Ways and Means Com
mirtee. Mr.. Oliver l.. Spaulding, Assist
ant Secretary OF the Treasury, ap-
peared before the committee to-day 10
give information as 70 the financial con-
dlti0u Of the governmental
Mr.. Spau,diug said he would make
comparison between the present fiscal
wear and the fiscal year ended June 30
1890, the year before the present tariff
act went into effect. He would give
the actual receipts up TO date and esti-
mate those for the balance Of the year
He said the customs receipts for the
six mouths ended December 81, 1889,
were SlOg, $780, 900; current six months,
Ss5, ,722, 600.
Total customs to date S97,71S,0O0
against Sl23,242, 600 two years ago. The
total receipts from customs for the tiS-
cal wear iSgJ was 5000, Cos, 600, against
an estimated total OF this year Of SlS5,-
OOJ. 900. The internal revenue receipts
for the fiscal year 1890, Sl42, 026, 900,
compared with a total (estimated) for
lsg2 of -l52, 900, OOO TOtal revenue lestl-
matedI for the current fiscal year S562,-
100000 against S4O3, go, 900 for the
fiscal year 1890. The expenditures les
timatpdI for the current fiscal year
were S33s, ,OOO.O 900 or about S2A00O,OOO
less than the estimated receipts OF
$500, 100000
Mr.. Springer asked If the sinking
fund requirements were included. Mr..
Suauidiug replied that his figures did
not include the sinking fund.
Mr. Bryan, of Nebraska, asked II the
gold reserve was available for govern
meut expenses. Mr.. SpaUidinC replied
that be understood Secretary Foster so
considered IT, The discussion Of the
gold reserves soon resulted In cross
6re between the Democratic aud Repuo-
Hcan members Of the Committee.
Mr.. Turner, of Georgia, asked Mr..
SDauldfnc: "Suppose the Treasury was
10 get into q pinch, could the gold re-
serve be used
Mr. SpauldinE-NeS, sir; I think so.
lam not so entirely In charge Of the
Treasury Department, however, that l
would not consult with Secretary EoS-
Ter. who Is az Fortress Monroe, as TO
what / should do. l should counsel
with him before taking action.
The talk having drilted of to est!-
mates OF appropriations FOR tle next
6ScaI year, Mr.. SpauidinC SAID they
simply went through the Treasury De-
partment. which transmitted the eSti-
mates of the several departments %
Congress. What the appropriations
would be, of course, he did not know
Mr.. Turner suggested that those esti-
mates were simply guess work founded
on little experience. Mr.. Spauldlng
reDIied: "A little experience and
ereat deal OF guess work Chairman
Springer having inquired II there were
any further questions, Mr.. Reed, Ol
Maine, asked:
1.-The sinking fuud is far ahead OF the
reouirements Of.the law as IL now IS.
Mr. Spau.diug-'Yes sir; FAR ahead
Nr. Shively, Of Indiana-"But yet a
large amount OF . per cent. bonds nave
been extended
BIZ. Spauldiug replied afirmatively.
NJ. SUringer-DO YOU mean that a iar
Qreater number OF bonds were redeemed
under the Democratic administration
than was required for the sinking fund?
Mr. Reed-Don't let's get partisan
herc. TLaughter.l
Mt. Cockran-That would be onen,
sive, 1 an sure. Renewed laughter
The committee then aiOurned.
when a man resolves TO be good and
natient, the next pair Of shoes he buys