The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-10-20
THE CONDITION THAT CovFRoy1s U.s.
Secretary Carlisle Estimatea o Drncit OF
sSO.OOO.OOO Mt the End OF tho Year.

| Secretary Carlisle Estimates o Drncit Of
| sSO,OOO.OOO mt the End OF the Year.
| WASHINGTON. Oct. Ex-senator Mcpherson
| OF New Jersey. from the Finance Committee
| to-day submitted to tho Senate tho report OF
| the committee on Senator Stewards resolution
| that the Secretary of the Treasury is directed
| to inform the Senate whether there Is danger
OF o deficiency in the revenues OF the Govern
ment during the current year. and II SO what
Is the probable amount OF such deficiency.
and whether any legislation is necessary to
supply such deficiency" The resolution was
referred to the Secretary OF the Treasury, and
his reply constitutes the report the committee
submits
MIR. Carlisle. in reply. says that the estim ated
receipts submitted to the last Congress for the
present fiscal year were S4O5. 600. 900, and
estimated expenditures 1913 600 600 tpostal
service excluded In both casesl. showing an
estimated excess Of receipts OF $50, 600. 600.
The actual receipts for the first three months
OF the fiscal year. however. were $40. $40. AIT.
being 1920. 1914 less than the monthly aver
age estimated receipts for the entire year. and
showing for the first quarter deficit OF S2l.
2ll.6OO as compared with the Same period OF
the previous year. Should the actual receipts
for the remainder OF the year continue at the
same monthly rate they would amount at the
end OF the year to $S7. 1928 less than the
estimates for the year.
The actual expenditures for the first quarter
OF the present fiscal year amount to 500. 45O
l27. and II continued in the same ratio for the
balance OF the year would be about $50, $3.50. 5Oa
in excess OF the estimates for the year. and
would also show an excess of eXpenditures
over the supposed actual receipts for the year
estimated OF say. s76.31s.s3a
The Secretary is OF the opinion howsvar
nj
partment for the past three months are NOT
indicative OF the result OF it's operations
Tor tho remainder OF the fiscal year. be-
cause OF the uncertainty surrounding the
financial and commercial condition OF tho
country. Tho receipts OF the Treasury De-
partment for the six months preceding the
commencement of tho present fiscal year
were approximately at an average monthly
rate OF 81 40 III. and Il tho same conditions
mad continued through the present fiscal year
or. at tho most. II would have been very small
since the receipts at that rate would have in
creased tho foregoing estimated receipts OF
tme treasury Tor the current year as indlcHtsd
the amount OF more than STIR 2:ys, OOi. But
the financial disturbance OF the country aS-
ben nah it, energy for the most part, it is
year. has occasioned the falling OFF from the
average monthly receipts Of S3l. 4Tn72l for
mo last hall Of the preceding fiscal year 10 tho
quarter OF the present hscalyear of S2ll45!.-
oOo' decrease OF an average OF 50 OlhDlD
per mnnth. or about SbO.2pi.'si3 for the year.
=, II VIII appear from careful comparison -
the recsi pts and expenditures for the last ak
months. April to Septe,nOer. inclusive with
the receipts and expenditures for tho CORE
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