The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-10-20
If Receipts Do Not Increase Uncle Sam
Will Be Short S5O,000,00O at the
End of the Fiscal Year.
GOSSIP ABOUT THE TARIFF
Tax on Spirits and Malt Liquors
Will Probably Be Increased.
Nearly S100, 600, 900 More Revenue Must
Be Provided For-Judge Waugh
OH Pension Bureau Methods.
Special to the indianapolis Journal

Special to the Indianapolis Journal.
WASHINGTON, Oct. 10 - Senator Mo-
Pherson, Of New Jersey. from the finance
committee. to-day submitted to the Senate
the report of the committee on Senator
Stewards resolution that 1.-The Secretary of
the Treasury is directed to inform the Sem
ate whether there is danger OF a def
cheney in the revenues Of the government
during the current year, and, il so, what
is the probable amount Of such deficiency,
and If any legislation is necessary TO sup
ply such deficiency" The matter was re-
ferred to the Secretary Of the Treasury,
and his reply constitutes the report the
committee submits, which is as follows:
Secretary Carlisle. in reply. sends state
ments relative TO the estimates in question
containing comparisons of receipts and ex-
penditures for certain periods indicated in
the present and last fiscal years, which
comprehend substantially the information
sought by the resolution. The estimated
receipts submitted to the last Congress
for the present fiscal year We're siO5 100000
and estimated expenditures 1913 10000 (pos-
tai service excluded in both cases., show
ing an estimated excess of receipts OF $32,-
O000O0. The actual receipts for the first
three months of the fiscal year. however.
were s79,S79,4 Az, being s7,29O1 194 less than the
monthly average estimated receipts for the
entire year, and showing for the first quar-
ter a deficit Of s2l, ,211, 600, as compared with
the same period of the previous year.
Should the actual receipts for the remain
der of the year continue at the same
monthly rate they would amount at the end
of the year to a sum sS7.4s2 S2s less than
T~1,rn oil
expendit,Ires for the first quarter Of the
present fiscal year amount to s9s 459, l2s,
and If continued at the same ratio for the
remainder of the year would be about w.
$40 sos I'm excess of the estimates for the
year, and would also show an excess or
expenditures over the supposed actual re-
ceipts for the year estimated or say SI6,-
''The Secretary is of opinion. however.
that the operations OF the Treasury De-
partment for the past three months are
not indicative of the result or its opera
tions for the remainder Of the fiscal year,
because of the uncertainty surrounding the
fiscal and commercial conditions or the
country. The receipts of the Treasury De-
partment for the six months preceding tne
commencement OF the fiscal year wee
approximately at an average monthly rate
of $31. .479, ,721; and If the same conditions had
continued through the present nscal year
a deficiency would have been averted en-
very small, since the receipts at that rate
would have increased the foregoing esti-
rent year as indicated by the first quar-
ter's actual receipts by the amount OF
more than $50 23S,OOO. But the financial ia; dis
ergy for the most part 1t Is hoped, In the
beginning of the present fiscal year. has
oablH recepts e of ssi 4s7M for the last
half of the preceding fiscal year, to the
average OF the monthly recelpts or tnS H9sl s5s !
| 459, 500, a decrease Of an average or sou
| sl6 per month, or about S5O25s.9SS for that
TT will appear from a careful COMPARE
| son OF the receipts and expenditures Tor
| the last six months April to septempns
| inclusive, that the receipts and expendi..
lures for the corresponding six months or
| 1892, that whatever deficiency may be ap
| pretended is due TO the falling on IN tne ne
any material increase in expenditures. The
| expenditures for the six months, April to
September 1893 were 260, and the
| receipts $16s, 44O,744; while for the same
| period in 1892 the expenditures were $l&,-
6Sf s9I and the receipts were 25S.
| baing an average monthly increase in the
last six months in expenditures OF only -
| little over $S33, 900, or less than AO,OOOOn
| ut viii also be seen by a comparison Of
| the expenditures for the first quarter OK
same an period of the last fiscal year that the
| difference is very small compared Win tne
| failing off in the revenues, being tor the
first quarter of the present year $ss, 4os, lzi,
| and for the corresponding period of the last
| fiscal year s95, ,966 653. or an increase or only
| $3.50 AS per month, While the recelpts Ior
| the same period were for the first quarter
| of the present fiscal year Ss,Sls4lI. and
| for the first quarter of the last fiscal year
| Sg9 59i. .O1S or a falling off Of over N0,2ll,-
| 600 for the quarter and over $e1SI.coO per
I'm conclusion, the Secretary says: so
| much depends upon the financial and COM
| mercial condition Of the country ana the
| action of Congress in the meantime that
| no present satisfactory forecast can be
| made with sufficient definiteness TO be the
| subject of any Official opinion at this time
| as to the amount of the contemplated de.
| ficiency, either in the estimates Indicated
| or the actual public revenues. IL is appar-
| ent however. that should the present con-
| ditions continue for any considerable iengIn
| of time deficiencies are likely 10 occur
| which should either be averted or met py
| appropriate legislation. simple calcr1a-
| ton will show that with the small working
| balance in the treasury, and which mas been
| decreasing in varied ratios Tor seVeraI
| years il there be no Improvement In tne
| receipts Of the revenues for the remaining
| three-fourths of the present fiscal year ana
| no legislative reduction of expenditures,
| there may be contemplated dehcit at the
| end of the year OF $50.oOOOOO In the revenues
| and over $SO,OO0.000 with reference 10 the
| estimates