Marshall County independent. (Plymouth, Marshall County, Ind.) 1894-1895, 1895-03-22
TREASURY ISGAINING
THE INCOME TAX EXPECTED TO
MAKE ACCOUNTS BALANCE.
Receipts for Four Months to June 30
Equal Expenses Complete State
ment of Government Finances from
1892 to 1895. Both Inclusive.
Deficit Is Now S3s, 900, 900.

DeuC1t Is NOW SoSyOOO,OOOs
Washington correspondence:
An analysis of the Federal treasury
coaditon shows the Governments fnan-
ccs are now working into better shape.
The treasury has run behind about S:iS.-
100000 thus far this current fiscal year
ts;ncc July ]. 1924. but unless calcula
TONS are sadly at fault the record for
the last four months of the year. to June
50. will show an income equal to the out
70. Customs and internal revenue re-
eeipis are on bedrock hard-times basis.
Any change must be in the direction of
Mcrcase The deficit last year July.
1893, 10 June 1894. inclusve) was So
100000 in round figures. This year July,
1884. to June. 1895. inclusve) the short
age will approximate S3S.OO0000. Next
year QS9J-ta there should be a hand
some surplus, with revenue laws I'M
changed
To delve somewhat into detail it may
nc stated that receipts from customs are
summing about 100000 day ahead of
last year. Occasional spurts 10 S3OO.OOO
sr 100000 a day increase suggest a grow
ing drift in the direction of enlarged rev
eoues from that source, but 100000
day is a fair average of the daily increase.
aud there is really nothing i'll sight to jus
tify expectation of q further swell for
several months The customs receipts
Tor the first eight months of the current
fiscal year July. 1894, TO March. 1890
aggregated $99920. III go. as compared
With sol. 61J. 1881 during the CORE
spOnding period Of 1SS-4 A monthly
average of $13.000.000 during the four
hast months Of the fiscal year will put the
ioOtings for the year above S1J0,OO0,-
GOO. or SIS. 100000 over last year. The
receipts from internal revenue" for the
nrst eight months of the fiscal year were
aeariy SJ.0O0.OOO ahead of 1S93-Q for
Ste corresPo nding period. the total TO
March |. 1894 and 1895. respectively.
being 500, JO1 .913.69 and So. 2S0, 22:,0. SO.
More than one-half of the revenue of the
nrst eight months of the present fiscal
year collected in July and August.
and on Sept l last the amount collected
was $4,000 900 greater than OF the cor
responding date of the preceding year.
This difference dwindled to SJ.000.000
during the succeeding four months, and
she internal revenue receipts are now
rcnning 100000 day behind last year
an average. At the present rate of
decrease the revenues from that source
would aggregate not more than Sl3S,-
500. 900 for the entire fiscal year. against
STAG. TO. 1Gn.17 for the wear 1924 y
falling off Of 50 600 600 onnroximotelv
The Secretary of the Treasury relies
with confidence on getting in S15,000,000
from income tax payments before the end
OF June. which would swell the cash COM
sag in through internal revenue channels
40 the neicbborbood of s153 600 600 or
$G.UO,0O0 above last years total. In
addition 10 revenue from customs and
iaiernal taxation the Government de-
xiyes about $4,000. 900 year from mis-
eel!aneOus sources. The treasury books
at the end of the current year. June so,
should show something like this:
Received from customs. $50. DOC. 600
Received from internal rev.
cnuc ........ 153, OOO, 900
Received from miscellaneous
sources . $4,000. 900