The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-03-11

WASHINGTON, March 10.-There are
three reasons for the belief that the de-
ficiency in the revenues of the government
for the fiscal year will fall below Mr..
Carlisle's estimate In his statement be-
fore the house judiciary committee, Jan.
25, the secretary expressed the opinion
that the deficit for the year would be s7S,-
900. .000 or S79. 100000, but the conditions
have changed somewhat since. and now
the opinion of experts, who base their es-
Inmates upon the best data obtainable, Is
that the deficiency will be found not to ex-
ceed s7O.O00,0O0.
This conclusion is reached Independent
of any increase in the receipts from in
ternal revenue, incident to probable in
crease in the duties in the liquor. tobacco
and other schedules of the pending tariff
bill. The closest an d most careful estimates
of receipts from customs places the
amount at the close of the year at
S113, 600, ,00O of which S72, ,657, 422 had already
been realized March l. 1t is expected that
until the new tariff bill becomes law
there will not be any considerable improve
meet in importations, except to meet the
current needs. The merchants during the
last year. and particularly during the last
six months, it is argued, have been pursu-
ing a very cautious policy as to purchases
abroad and as consequence there IS
need of replenishing their stocks of goods,
which have been reduced to very low
point.
Assuming that this conservative policy
will be continued and that the customs
will continue to slowly decrease for the re-
mainder of the months of the year, the
aggregate would probably still reach
S135, 100000. The receipts from internal
revenue are closely estimated at STAG, ,0OO,-
600. influenced by pending legislation, and
the receipts from miscellaneous sources
SIS, ,0O0 900, making the total receipts to be
$293, ,000. 900.
The civil and miscellaneous disburse-
ments will probably reach s9S, ,00O,0 900. of
which the bounty on sugar will take $l0,-
600, 900 and possibly a little more. The
disbursements throughout the war de-
partnent it is thought, will be about s54,-
900, 900, and of this amount about S15, ,00O,-
G00 have already been paid on account OF
river and harbor appropriations.
The cost of the navy department., 1nclud-
ing payments for the construction Of war
vessels and premiums on the same, it is
estimated, will amount to about S33,
600, ,000.
The Indian service is expected to cost ap-
proximately 100000 000 Last year the
large, in consequences of the So, ,0O0. 900 paid
to the ChOctaws for lands.
A material decrease is anticipated in the
amount of pension payments and it is not
believed that the aggregate for the year
will exceed SAC, 100000.
These figures make a total of $362, AGO.
600 of expenditures, or a deficiency of S69,-
400. 900. The estimated deficit, however, is
very likely to be materially reduced by
the Withdrawals from bonded warehouses
of whisky and alcohol before the pending
tariff bill becomes n law and is put into
effect, There are now III bond about 49,
000,0 gallons of high grade spirits, of
which 4S, 100000 gallons ara rye and Bour-
bon whiskies and about 81, ,0O0, coo gallons
alcohol and low grade whisky. 1t is
argued that as alcohol does not Increase in
value with age, out rather deterorates,
nearly the whole amount now in bond
will be withdrawn to avoid the payment
of increased duties and it is believed that
of the best grades of whisky now in bond,
large per cent. will be withdrawn for
this reason.
1t is therefore confidently expected that
the effect of the increase made Dy the
senate and house in the whisky tax will
reduce the deficit for the year from $10,
0OO, 600 to $50, ,0U0000.