New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-01
~ BIG DEFICIT IN VIEW.
THE rREAsr.hY LIKELY TO BE s'o'ooo'ooo
BEHINDHAND On JUNE 20, 1874
OFFICIAL FIGURES SLOW 4 GREAT FA NJ of'
IL RECEIPTS And INCREASE ~ la
NEUTRALITY-SUSPICIOUS. IN THE
TREASURY BALANCE.

NEUTRALITY-SUSPICIOUS. IN THE
TREASURY BALANCE
,,..,,nr,or Aug 3l-There is every indication
,,,, = deficit in the United States treasury u
sio 600 900 will exist at the end OF the hSea' 49,,
uIne 20 1894. unless measures are 'ahe" ~ .h
if At the present rate tas will be snow" ~ ~
official figures to be issued tomorrow "'' 90
eregate receipts for the current nscal ' O.. ,ho
no gao 600 600 The rate OF expenditures ior ''e
lac, two months II continued through the res'
of the year. will amount to siS0V,oV IL 'n''
ratio wore kept up the deficit at the ehd Vi ~"
,ear would therefore be nearly lCoO0ooco but tnis
ratio is not expected to continue
recein.s il Is believed will be greater ana w.
exnenditures lighter The actual receipts Tor July
aud August OF the current fiscal year aggregate
s55 100000 The receipts for the sam
months OF the fiscal year 1892 aggregated
ssS 600 eo or a loss during the first two mo".n'
of the present fiscal year as compared VIII ~
same months Of the previous nscai year vi 60
600 900. In other words, receipts are coming ~
at the rate Of s33O,OOO.0o year, when curing 'oe
corresponding months OF last year '"e 'eee'"
were at the rate OF siOs,OU,Uo
Tho actual receipts Of the Government for the
fiscal year ended June 30 1898. were s5S5sS6 Ss' or
at the rate Of about s32OOO0W month, ""'e t,e
present rate OF receipts is about *',o"W "o"."'
The expenditures for the first TWO moh'"S V, -.
current fiscal year amount to Nl,OO0VN. or at the
,a ~ s.ac OOo 600 q year. while the expenditures
for the corresponding months OF the last hscai
year amounted to SIS, 900 900. or at the ra'e vi
sos 900 600 a year -.
rnis large disparity between the receipts anu
expenditures OF the Government ~ ho' "n'
to continue II is difficult in view OF liked perha
nept anpropriations to reduce to any great ex-
tentThe expenditures Of the government pu'
Ia believed that they will not greatly tAeee" o.
the end of the present fiscal year S'oVV'V'V'V "
expenditures for the previous hscai year "e''
$3.50, 100000.
In the matter of internal revenue alone, it is as
contained that at this time there l46.0o00OO gal
Ions of sprits I'm dstillery warehouses, as against
9C 900 gallons for the same period Oh last year.
This means that N3OO000O in internal revenue taNeS
which last year in the Governments coiiei@'
are now locked up in bonded warehouses; 'he o"h
ers rot having the money with which TO pay the
taxes This large OF money VIII OF course pe
unlocked in time, and gradually find its way INTO
| the Treasury Not 80. however, with customs rev.
enues All advices point to the fact that importa-
tons are falling OFF. and receipts, OF course Ho"
that source fall with them. 1t Is estimated, now
ever that at the present time there are iocKed ny
! In bonded warehouses in New-York sl3Wc,W worm
more goods than were in New-York warehouses at
tho Same period last year The amount OF rev.
enuc which these goods will pay Is not so easily
estimated a that goods in disilery warehouses;
II is considerable. however and as soon as money
becomes more plentiful will find It's way INTO the
Treasury ~
While the Government receipts have been faiiihg
Of and the expenditures continuing, the dinerehce
had TO be- met from the cash in the Treasury. On
Julv the available Treasury balance. including
the gold reserve was s2i.v00o0; on September
the same balance will be sl07.G0,Vc, showing de-
crease of 100000.
The inroad made the Treasury cash by the fali-
Ing off Of receipts has occasiOned much concern III
Treasury circles and Secretary Carlisle and those
associated with him I'm the conduct OF the Treas
try Department have during the last month held
frequent conferences to the best means 10 oe
taken TO prevent the balance from running SO
low as to cause uneaslness or distrust Ii Is ad-
mit,ad on all hands that II the gold reserve TO-
yethsr with the available cash. should be reduced
~ low as $IjVC.OOc $50 10000 point wouu pe
reached where II would be wise 10 Duilu UP ,the
Treasury balance No action looking to TINS mas
been taken up this time by secretary Carnsle
for two reasons The first Is that ne does not
desire to compcate the financial discussion IN CoI-
gres, bv thrlistng upon IL the recommendation 10
strengthen the Treasury and the second IL tna,
he has hoped that the Government revenues wouo
so Increase as to make Congressional action uii-
necessary This hope has not yet been reailzed.
and number OF financial propositions for the put-
pose OF building up the Treasury cash are unuer
discussion The one that seems to meet Win mos.
favor In official circle. Ia TO have congress pass
a Joint resolution permitting the Secretary OF the
Treasury TO anticipate the coinage OF the lNvVW
ounces Of silver now In the Treasury ana 10 issue
silver notes against the seigniorage. ms, X Is
stated. would Immediately place sS9.VNOW 10 t,.e
penses This proposition however ike an otnsr
financial propositions and schemes. has opposition
and il Is not probable that this or any other scneme
viii be submitted TO Congress by secretary Sarhs'e
until the silver question Is disposed or