St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-01-26
CONDITION of rHETREAsURY
Secretary Fosters Hong Expected
statement at Hand.

Secretary Fosters Hong Expected
statement at Hand.
WASHINGTON, Jan. 25.-Cbairman
Springer, of the ways and means COM
mittee. today received from Secretary
Foster. of the treasury department, the
statement he has been expecting for
some time. showing the condition of the
treasury aud its estimated condition at
the end of the present and at the end of
the next fiscal year. The statement
shows that during the first SIX months
the present fiscal year the receipts from
all sources were 1924, 4l9.2l5. and the
expenditures $3.50. 51l,O 600. leaving an
excess OF revenue ever ordinary cX-
penditures OF 3,848.209. The cash IN
tie treasury, including gold reserve.
July l, 1892, was Sl32, l43.42 ana
on Dec. 81. 1892. S129 O92,58S. The
total estimated revenues for the fiscal
year ending June 80, 1898, are $780,
67l, $50 and the total estimated eXpendi-
lures S464 SCI, 35G. leaving an estimated
surpus-of receipts over expenditures
for the current fiscal year OF exactly
s.. O00. 600. The estimated cash balance
available June 80, 1898, is placed at
$40. 1872 .377, which includes SlO0,000,0O0
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 S49O. I2l 800 and the estimated eX-
penditurts which. however, do
not appear to include misepllane-
us and extraordinary expenditures
at S457 261, 335, or an esti-
mated surplus of S32, 860,030. TO this
the secretary adds the $50. 992.377 cash
balance above the Old reserve estimated
to be available June 30, 1898, having an
estimated available balance OH
June 80, 1894, Of 1852, 4O7,
from which must be deducted
5000. 600 tor redemption OF past-due
bonds. fractional currency and national
bank notes, and $1,000 900 for probable
payments Oh mail subsidiary contracts.
leaving the balance SAT, S52, 4U7. There
are contract liabilities of about the
amount of this balance. and 1t is estI-
mated that S40.000,O00 in contracts will
be payable in 1894, which would bring
the real working balance down to 81
S52, 4O7. The expenditures oil account
OF pensions estimated in this statement
for the next fiscal wear amount TO $780,
S3I. 25O. or an increase over the amount
which it is estimated will be spent for
pensions this fiscal year of only IS, 1885,
$50.
In a separate statement, showing the
contract liabilities existing Dec. 81, 1892,
it is stated that the liabilities on con-
tracts on existing appropriations is
sos. 413. 933. of which 1t Is expected that
S25. 259. 55S will be expended in the fiscal
year 1898, ana 40279,O37 in the fiscal
year 1894. The secretary;s statement
for 1894 shows that the $40, 279,038 con-
tract liabilities is to be deducted from
the SAT. S52, 407 of balance above gold re-
serve, estimated as available cash, while
the So. geo contract liabilities is in
Guided in the estimates this Year, and
therefore does not come out OF the eStl-
mated cash balance at the end of the
fiscal year. Very little is allowed to the
sinking fund in these estimates. and
supplemental statement places the esti-
mated balance due to the fund JUNE 80,
1894, at SO. 90l,6 S7.