Red Lodge picket. [volume] (Red Lodge, Mont.) 1889-1907, 1895-07-06
UNCLE SANS DEBTS
treasury Has Fallen Behind of
Late Years.
A STATEMENT OF DEFICITS
The Revenue Service Ir,ro>,a,ou,
OF the Life.savcrs Customs
and Other Matters.

Washington. June so.-The treasury
deficit of the fiscal Year lust closed vii
be found by tomorr>w's deb1 statenan,
10 be approximately s43,25O, 900 This
ADDED to last years deficit Of nearly $40
eo0'o'0'' makes the excess of expendi-
| cures over receipts since June 80, 1899.
1'oue fllo'-ooUu0. The total receipts of
| lhe government this fiscal wear exc1u-
" poStal revenues, amount to near
y S5lo.Vo0,000 and the expenditures
2ooo,-'o'0oV, OF which pensions took S141.-
oo!''-o' Last year the aggregate re-
eelpts OF the postal revenues were s297.-
--'0i', ana the expenditures 1857 525.-
~ Inc receipts this year were SIS
-'o'ooo Larger than last, and the ex-
pehollures about 1,275. 600 less. The
postal service deficit is about $11 600 900,
Nhich IS considerably in excess of that
ol any recent year.
ne internal revenue department or
me government has contributed this
year to the receipts nearly $143, 900 900
80 against little more than $l47, 600 OOG
fasl year. The customs make a better
silo" ms than last year by about S21 600
0oo- Last year the receipts from this
source amounted 10 nearly $l32, 900 900
ana thls year they approximate s153. 900
oVo " this amount sugar contributed
ABOUT Sl7,330,000 The imports for the
hl1e ana one-half months during which
the 4V per cent. ad valorem duty has
oeeh collected amounted to about 43-
'oo'ooV pounds, of which 42 300 900 pounds |
was cane sugar and the remainder beet |
1oL1offoWS debt statement will show |
an available cash balance of about $685.
}oo'Voo, of which about SLOT 500, 600 is gold |
reserve, This reserve will include nav
nent IN full for the last bona issue. but
-he statement will show a counterdebt
2harse of only $31, 10000 in bonds. or
'ne-haf of the whole amount issred |
n explanation of this seeming error IT
$ sald, the formal transfer of the ON
ION half of the bonds has not vet been |
hade. The expenditures for July will
'e exceptionally heavy; pensions and
interest alone are expected to amount
o $40. 100000
NATIONAL BANKS.
burlh8 the fiscal year the number of
auolal DanKs in existence has de- |
reased from 3,775 to 1922. Forty-one |
dtlonal banks have been organized !
uflhg the year, 60 have gone into vol
mary liquidation and Sc have been !
laced III the hands of receivers The
bank circulation has increased |
'''9l fIon July IS, 1894, to Nav T. c
'9o. Ihe loans and discounts Of ma /
oHai banks have increased about S43.-
V'V0V during the same time individual | I
-poSlts have decreased about ST.. 600 | u
~ ne lawful money reserve held by | y
III KS SHOWS an increase of enarly S75- =
1000.
REVENUE SERVICE. II
ne year has been of unusual interest b
10 Importance to the United States S,
venue cutter service. 1t has performed | IL
eclal services of u conspicuous ma | p
re- Among these are noted the search ! q
+ the lvanhoe, supposed to have foun- -
req off Cape Flattery on the Pacific. IN
winch three of the vessels, viz. the ! r
ant, Rush and Corwin, joined. In it's
hter cruising operations, during the p'
usually severe weather of last sea-
n, 1t rendered services to distressed
lpplng of more than ordinary value ff
d Importance.
Six vessels have been manned and ST
ly equipped and dispatched to the =. -
ring sea to protect the seal herds ~
q the government interests In Alas a.
and the seal islands. Two steam tb
inches are being built for duty on by
get sound and one for the lower Sa- so
hnah river. Contracts have been Oil
arded for the construction of new ST.
amers Of upwards Of 900 tons each. "a
lch, when completed, will be the .s ha
est vessels in the service Much new ~
lslat1on has been secured for the bet a
ilelt OF lne service. A law has been | ella
Jlre{ 0,, tfy,O, l
orders all officers of the service | WI
o are permanently incapacttated to
form the duties Of their office" In EX
fylhg INTO effect the provisions of .s,
law it Is claimed the service has
n greatly benefited by the removal s
N the active list of large number AS
oIilcefs VINO, through no fault Of exi
lfs, are no longer capable Of per- ito
ming duty, and promoting younger the
4 to the vacancies thus created. ho'
asures have also been instituted look .ec
to new appointments to again fill 10
complement of officers of the line. Pr,
ne report OF the department Of the ella
saving service states that during
year the total number of disasters JEs
'essels Al sea and on the great lakes
about 800. Of these 257 were on -'o
Atlantic and Gulf coast, ITO on the =,
at lakes and 125 on the Pacific coast. ub
property loss was estimated at res
900; Of the persons on board the the
sells IN distress only % We're lost, as c
inst 68 last year. Jes
ne records Of the immigration hu-
! show, tho n,,,,t,o, - 5,..l-.-l era
arri,,oa ~ 49, aHI,o ~ 'ii1i4i ANS ing
- ~ eil-7 1ou1iti uullhs the In
10 be approximately 255,325, a de- yea
>Se loF the year OF 30,304. tog
lrlng the last i months the officers
he secret service have made more
SIS OF counterfeiters than during In
other year in the history Of the meI
ice pos
" feel