Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1893-01-28
THE TREASURY CONDITION.
The Democratic Administrations VIII Find
an Empty Purse.

The Democratic ADMINISTRATORS VIII Fine
an Empty Purse.
The condition Of the treasury which
will confront President Cleveland wher
he enters Office in March will be radical
iy differen, from that which confronted
him when he entered Office eight year.
ago. or when he left it four years ago.
The treasury cash has reached about
the loves, point at which business can
be done with comfort and security.
Whether II will drop any lower is q
mooted question which depends upon
several doubtful elements 1t will re.
Quire a very little falling off in Gus.
toms revenue or a very small increase
in pension payments to cause such a
decline.
One OF the vital questions is whether
the receipts from customs will fall off
as a result Of impending changes il the
tariff. There is every reason to be
lieve that they will fall of as soon as
the tariff changes are close at hand.
The light business at the custom house
during election week led some to be.
lieve that the falling off would begin
at once. This has not proved to be the
case, and customs receipts for the first
SIX months of The fiscal year have
been SIS, coo, 900 more than for the same
months in 1891. The month of Decem.
Der alone shows a growth of nearly
-, 800, 600. and this may continue for
five or six months longer. The mo.
ment 1t becomes apparent, however,
that importers are stocking mp with
goods at higher duties than they need
to pay, importations will be suspended.
This viii be true OF raw wool. wool.
en- goods, tin plate and other articles
on which duties are most certain to be
reduced.
Unexpectedly large receipts from Gus.
tom and smaller pension drafts than
will be made during the next six
months have kept the treasury barely
even in its receipts and expenditures
since July /, and there is no accumu.
surplus with which to meet ey,
penditures during the coming year.
The pension drafts are the cause of the
great drain upon the treasury.
They passed the point in December
they wiped out the internal rev.
enue receipts, and are not far from alb.
sorblng the customs receipts il they
were set against those receipt. slone.
he first six months of,the present fiscal
year have required an expenditure OF
SO,4@3, SOB for pensions; but it cannot
be inferred that the next six month,
viii result in drafts for the same
amount, making the total for the yea,
SlGl, 900, 600. Unfortunately the flo
increase from month to month,
ma during December were at the rate
slI9, 600, 600 per year. One deficien
y appropriation for the present veal
las already been requested by the sec
OF the treasury and another is
likely to be needed. On top of this ey
oenditure for January will come the
interest checks for the four per cent
bonds and the Pacific railroad six
Der cents, These interest payments
viii require about $1,000, 900. and will
make a heavy load for the treasury &c
in view of the other demands IN
N it The situation is especially IN,
pleasant to those members of the dem.
'cratic party who are opposed to an
'Stra session of congress, and are
anxious that the treasury should get
long under present arrangements un.
II the regular session next winter
\, Y. Commercial Bulletin.