Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-03-11
THEY WE'RE TOO HIGH ON THE
DEFICIT.
SEVENTY MILLIONS THE AMOUNT.
Herbert Gives His Reasons for Plac'
lug the Hawaiian Fleet Under
Blount's Command-Trcasury
Cash-Jrexas Matters ut
the Capital



Washington, March 10. There are
good reasons for the beief that the de-
dciency of the revenues Of tie govern
mcnt for the fiscal year will fall conBid-
erably below Mr. Carllsle's estimates.
In his statement to the house judiciary
committee on January % the secretary
expressed the opinion that the deficit for
tile year would be $7S,OO00O0 or SI0,-
100000. but the conditions have changed
somewhat since tLen. aud II is now, the
opinion OF experts, who base their csti-
mates upon the best data obtainnble,
that the deficiency will be found to not
exceed $I0,OOOOOO. This conclusion Is
based independent of any increase of the
receipts Of internal revenue incident to
TO the probable incNase In the duties
In the liquor, tobacco and other schedules
Of the pending tariff bill. The closest
are most careful estimates Of the receipts
from custums and place the amount at
tho close Of tho year ut Sl35, 100000, Of
which S02,057 ,122 Lad already been real
lied March /
u Is expected that until the new tariff
Dill becomes n law there will not be any
considerable importntons, except to meet
The current needs aud an nciivp market
Merchants during the last year, aud
particularly during the last six months,
1t Is argued, have been pursuing a very
cautious policy as to purchases abroad,
aud ms consequence their stocks of
goods hnye been reduced TO very low
point. Assuming that this conscrya-
tive policy Will be continued and the
custom receipts viii continue 90 slowly
decrease for the remaining months Of
the ycnr, the aggregate would probably
reach Sl31,UOO,O0O. The receipts Of in
trrnnl revenue are closely estimntel at
Sl4O,OO,uOO, II uniuilueucod by existing
legislation; ana the receipts from mls-
celancous sources Of SlSuOO,UOO, max
ing the total S293OlOODO The civil and
miscellaneous disbursements will prob
slly reach S9SOiAJOOO. III which the
bounty on sugar Will take SlOOOO,OOO,
mud possibly n little more
The disbursements through the war de-
parimrnL u Is thought, will aggregate
about Sli.OOO,OOU und of this amount
about Slh,OO0,00O have already been mid
on account ~ river aud hnrhOr apprO-
priatiOns. The cost Of the navy depart
iucnt, including payments for The con
Htrnction Of wur vessels and premiums
on the same. d IN estimated. will amount
10 about S33,OOO,OOO.
iAe lndnu arryico Is expected TO cos
approximately SiOO1O.OOO. Last yea
the payments on this account were ub
normally large In consequence ot thi
$3O0000o paid to the Choctaws fo
coded lands
A matcrinl decrease Is anticipated II
the amount Of pension payments, aud Il
is not believed that the aggregate for III,
year viii exceed SiiO.OOO0OO
Those figures make a total Of S862,
100000 Of expenditures, or a deficiency
of $50, 100000 This estimated deficit
however. Is very likely to be materially
reduced by the Withdrawals from bonde,
warehouses Of whisky mud alcohol boior,
the pending tnrin bill becomes law nnl
Is put Into effect There are now Il
bond about li3,OOO,OOO gallons Of higl
grade spirits, Of which iSOO1O0O GALLON
are rye aud bourbon whlslIies and nhou
Ob,OOO.OOl gallons alcohol and low grad
whisky IL Is argued that as nlcnho
does not Increase IN value with age hu
rather doterIoratcs, nearly the who'll
amount now Ia bond win be withdraw
10 avoid thc payment of incrcaacd duties
and u Is believed that Of the beat grade
of whisky now In bond large percent
age would be withdrawn for the sam,
reason.
II Is thorefore confidently expected
that tho effect OF the increases made b,
the senate and house Ia the whisky Ia
will reduce the deficit for the year b!
from $l0,000.000 to S20,000,000.