The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-08-23
Being Received From the
Internal Revenue.
BUT 1T WON'T LAST LONG
After the New Tariff Bill Goes
Into Effect.
A DEFICIT COMES LATER ON.
Twenty Cents VIII Be Lost on Every
Gallon of Whisky Now Being
withdrawn.
BUT 1T WON'T LAST LONG
A DEFICIT COMES LATER ON.

WASHINGTON, Aug. 22.-Receipts from
abnormally large, with every prospect
goes into effect.
During the last seven working days
from August Is the receipts have reached
the unprecedented sum of ST.. 900. 122. and
it is confidently expected that by next
Saturday night at midnight. when the new
act will become operative. the aggregate re-
ceipts for the preceding ten days will have
reached $15, 600. 600. These large receipts
under the circumstances are deprecated
by the treasury officials. who liken the
situation to that of the poor man paying 10
per cent per month on money on which to
live. The reason for this is that the aid
coming to the treasury this way is only
temporary at best, and will ado to the
deficit later on. for on every gallon of
whisky now being Withdrawn the Gov
eminent sooner or later is bound 10 lose 20
cents.
As soon as the tariff bill goes into op-
Grafton the receipts from this source are
expected TO drop down to a merely nom
inal amount and so con tinue some months
until the new supply now being laid in is
exhausted.
These abnormal receipts have swelled
the cash balance of the treasury to nearly
S121, 100000 At the same time the gold
reserve Is slowly increasing, until il has
now reached about S54. 600, 600. This in
crease is due almost entirely 10 the West
ern demand for small notes with which
to harvest the crops.
Under the terms of the special circular
issued by the United States treasury in
June last small notes are exchanged only
for gold, aud very substantial sums are
now being received daily from this source.
The demand for small notes has not yet
set in from the South, but the movement
of cotton, now beginning, is expected to
bring in considera BILE sums OF gold, so that,
for the present at least, the embarrassments
which have threatened the treasury have
passed by.
The legislative and engrossing clerks of
the Senate have been comparing the state
ment of errors in the new tariff bfll made
in various papers to-day and say there are
only three errors that need to give officers
of the treasury any concern. These are
the paragraphs relating to free admission
of alcohol in the arts, the diamond sched-
ule, and perhaps the omission of h period
in the paragraph relating to stamping for
eign manufactures.
Even in the case of diamonds they be-
lieve the construction placed will be that
intended by Congress and they will pay
the duty imposed on precious stones.
AS to the other errors enumerated, it is
claimed by these clerks that by no system
of construction can the alleged mistakes
in punctuation be made TO either impose
higher duties or allow the free admission
of the articles named.
Members of the Finance Committee are
Of the same opinion.
President Cleveland returned tonight.
and Chairman Wilson will arrive from
West Virginia tomorrow morning when
the two will have conference about the
tariff bill.
Cleveland is yet in a dilemma as to
whether he will affix his signature to the
perfdious and dishonorable tariff bill or
allow it to become a law by default of
his signature.
Chairman Wilson before leaving here
expressed his opinion thatit would become
law at midnight of next Monday without
the Presidents Endorsement
Judge Mcguire and other CaIifornians
express the opinion that Congress will not
adjourn before next Tuesday or Wednes-
day.