The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-09-27
Payment of Obligations Delayed In
Order to show an Excess of RE-
cefpts Over Expenditures.
AN INSULT TO GUATEMALA
SENIOR DE LOME's REFLECTIONS RE-
sENTED BY SENIOR ARRIAGA.
Inventions Of Indianians That May BE
Adopted by the Postoffice Depart-
ment-Duty on Cuban Tobacco.


Special to the indianapolis Journal
WASHINGTON, Sept. 26.-The surplus.
which. it was stated in these dispatches,
was due on Thursday, Sept. rs, arrived on
schedule time. To-day's statement of the
condition of the treasury announces the ex-
cess of the governments receipts for the
day over it's expenditures as s509.21994 and
for the month as SIP, 744.36. The deficit for
the fiscal year has. accordingly. been re-
duced to $13,O01, ,109.S3. To-day marks the
Surplus era" The surplus this month will
be the third since the new tariff act went
into effect on Aug. Is, 1894 The two previ-
Gus "surpluses were. however. the same
transparent frauds as the present, and
were followed. in each case, by a tremen-
dous deficit the following month, just as
this months surplus will be. The first sur
plus was announced a few days after the
bill went into effect. 1t was for August,
1894, and the surplus amounted to between
seven and eight millions. The explanation
lay in the fact that the new law increased
the duty on whisky from 80 cents to $1.10
at the demand of the Whisky Trust. I'M
mense Quantities of whisky were accordingly
taken out of bond just before the law went
into effect. as was shown by the internal
revenue receipts. which for that month
were over twenty-seven millions. Last
September the receipts promptly went back
TO deficit, which has increased every
month until last June. when there was
again an apparent surplus of four millions.
This arose from the fact that the month
of June marks the end of the fiscal year
The treasury, in accordance with its policy,
held up payments until the next year.
x.-bo tha iotf hoa II
able This petty trickery was made fully
evident by the condition of the treasury at
the end of the next month. when the ex-
penditures which should properly have been
credited to June had to be acknowledged
under the July accounts. The deficit for
that month rose to between nine and ten
Millions as compared with a surplus" of
four millions the month before. In just the
same way the surplus of some two mil
lions this month will be followed by def
cit of between eight and nine millions
next month.
An Associated Press dispatch says: The re-
ceipts on account of customs have shown
gratifying increase of late, as have those
from internal revenue sources. although in
a less degree. For the month of March last
the customs receipts amounted to nearly
$4,000, 900; internal revenue, ss.s55,0o0. For
April the customs receipts were about $l2,-
i5Sc00. and the internal revenue, $l0.64 5000;
for May, customs, $12.474.55s; internal rev.
enue, sl0754,Oo0; for June, customs, Sl2, 49,
443: internal revenue. $11.S10.3S5: for July.
customs, 9S4; internal revenue, $12,-
S9S,405. During August the customs re-
ceipts increased to $15 9.047 and those
from internal revenue amounted to <12,11z.-
104 and these figures are expected 10 be ap~
prox&snated during September. During the
twelve months ended Aug 81, 1895, or dur
ing the time the new tariff bill has been in
operation. the receipts of the government
amounted to S2e5 O61 ,O22 as foIlows: Customs
s161, POI, 1863; internal revenue, $1l6 175, ,l01 !;
miscellaneous, $17,6S4,752. rhe expenditures
during the same period aggregated $685.
O2S 332 leaving deficit for the twelve
months of $50, 3l0
To-day the treasury lost $4,000 in gold for
export to Canada leaving the true amount
of gold reserve at the close of business
S94 C13, 49,