The National tribune., 1893-02-02
CONDITION OF THE TREASURY.
Statement Made by Secretary Foster to tn.
Committee on WAYS and Means

Chairman Springer, Of the House COMMITTEES
on Ways and Means. received from Secretary
| Charles Foster OF the Treasury Department.
on Wednesday, Jan. p. the statement showing
the condition of the United States called for
some time ago, and also its estimated condition
at the end of the present and at the end OF the
next fiscal year. The statement shows thss
during the first six months Of the present fiscal
year the receipts from all sources were S234.-
1925 and the expenditures $500. 81, O0S
leaving an excess of revenues over ordinary
expenditures of S3.5f5.209. The cash in the
Treasury, including gold reserve, July 1. 1892,
was 1892. 1898 and on Dee. 81, 1892, Sl29,.
0925S5
The total estimated revenues for the fscaI
year ending june 30. 1893, are 1856. 67I $50
and the total estimated expenditures 1865 674.-
800 leaving estimated surplus OF receipts
over expenditures for the current fiscal year Of
exactly 100000. The estimated cash balance
available june 30. 1893 is placed at 500 992,-
/ 81, which includes 500 00n. 900 for the gold
reserve fund. For the next fiscal year ending
| June 30, 1894. the Secretary estimates that the
revenues from all sources will amount TO $780,
[ 121, 300 and the estimated expenditures, which,
/ however. do not appear TO include miseellsne-
| ou' and extraordinary expenditures. at $751;
psi .335. or an estimated surplus of $32 992 OO3
| TO this the Secretary adds the S2O9 81 cash
! balance above the gold reserve estimated to be
| available June 50, 1893, making an estimated
/ available balance on June 80 1894 OF S53 S52-
I 407. from which must be deducted s., 600
/ for redemption of past-due bonds, fractional
/ currency, ami National bank notes. and 81 ,000-
/ 900 Tor probable payments on mail subsidy con-
/ tracts. leaving the balance 81. $50. 407.
| There contract liabilities Of about tho
/ amount of this balance. aud it is estimated
/ that Si0O00OOO in contracts will be payable in
| 1884, which would bring the real working ball
ance down tn 1882, 407. The expenditures on
account of pensions estimated in this statement
| for the next fiscal year amount TO S166S $50,
| or an increase over the amount which it is
estimated will be spent for pensions this fiscal
| year Of only 81 496 go.
/ In separate statement showing the contract
liabilities existing Dec. 81, 1892, it is stated
| that tho liabilities contracts on existing
| appropriations is $65. Az. 933 of which il is ex-
| peeted that $25 259, 35S will be expended in the
| fiscal year 1893. and $40 27s OBJ in the fiscal
/ year 1894. the Secretary's statement for 1894
shows that the $40 20 OBS contract liabilities 10
| to be deducted from the 81. 1852 407 Of balance
| above gold reserve estimated as available cash.
| but it does not show clearly whether the S25-
259,35S of contracts to be paid in 1893 has has
! not been deducted in the estimate (abovs the
| gold reserve fund.- Of $4,000, 81 as the esti-
| mated cash balance available Juns 80. 1898,
! though it is presumed it was deducted in
| figuring the cash balance. Very little il al
| lowed to the sinking fund in these estimates,
and n supplemental statement places the esti-
mated balance due the fund June 30, 1894 al
| S95 COL 697