Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1893-02-01
CASH IN THE TREASURY.


Estimates of Receipts and Dis bursements
"F The Governments.
WASHINGTON, ID. c., Jan. 25.-Chair-
man Springer, of the ways and means
committee, to-day received from Secre-
tary Foster, of the Treasury Depart
ment, the statement he has been ex-
pectlng for some time showing the con-
dltlon OF the treasury and its estimated
condition at the end of the present and
and at the end of the next fiscal
year. The statement shows that during
the first six months of the present
fiscal year the receipts from all sources
were $234, 419, 215, and the expenditures
$3.50, 81 ,O06, leaving an excess of reve-
nues over ordinary expenditures of
s., S4S, 209. The cash in the treasury,
including gold reserve, July 1, 1892, was
1892, 143 ,426, and on December 81, 1892.
1902, 5oS.
The totol estimated revenues for the
fiscal year ending June 80, 1893. are
$466, 81 $780, and the total estimated ex-
penditures $464. 81 $50, leaving an esti-
mated surplus of receipts over expendi-
lures for the current fiscal year of
exactly $2,000,000. The estimated cash
balance available June 80, 1898, is placed
at $120, 992, 347, which includes 500 OOO,-
600 for the gold reserve fund. For the
next fiscal year, ending June 80,
1894, the secretary estimates that
the revenues from all sources
will amount to $3.50, 121, 800, and
the estimated expenditures, which,
however, do not appear to include mis-
cellaneous and extraordinary expendi-
lures, at $457, 261 1886, or an estimated
surplus of $32, 100000. To this the Sec
rotary adds the 800 992.377 cash balance
the gold reserve estimated to be above.
available June 80, 1898, making
an estimated available balance on June
80, 1894, of 1882, 407, from which
must be deducted S. ,0O0, 900 for redemp-
ton of past due bonds, fractional cur
rency and national bank notes, and
$1,000, 900 for probable payments on
mail subsidiary contracts, leaving the
balance S47, 852, 407.
There are contract liabilities of about
the amount of this balance, and 1t is
estimated that $4O.OCO,OOO in contracts
will be payable in 1894, which would
bring the real working balance
down to 1852, 407. The expenditures
on account of pensions estimated in this
statement for the next fiscal year
amount to $166, 831 $50, or an increase
over the amount which 1t is estimated
will be spent for pensions this fiscal
year Of only S., 495, $50.
In separate statement showing the
contract liabilities existing Dec 81, 1892,
it is stated that the liabilities on con-
tracts on existing appropriations is $685.
473,933, of which it is expected that
$50, 259, 1853 will be expended in the fs-
car year 1898, and $40,297 ,C37 in the
fiscal year 1894. The secretary's state
ment for 1894 shows that the $40, 279, OBS
contract liabilities is to be deducted
from the SAT 49,, 407 of balance above
gold reserve estimated as available
cash, but it does not show clearly
whether the $25, 259, 1853 of contracts to-
be paid in 1893 has or has not
been deducted in the estimate (above,
the gold reserve fund.- of $50, 1892, 377 as
the estimated cash balance available
June 30, 1893, though it is presumed it.
was deducted in figuring the balance
Very little is allowed to the sinking
fund in these estimates, and supple,
mental statement places the estimated
balance due the fund June 80, 1894, at
$95 901 697