Crawford avalanche. (Grayling, Mich.) 1879-19??, 1895-03-28
TREASURY GAINING
THE INCOME TAX EXPECTED TO
MAKE ACCOUNTS BALANCE.
Receipts for Four Months to June 30
Equal Expenses : Complete State
ment of Government Finances from
1902 70 1906, Both Inclusive.
peficit is Now sas, ,ooO, ,OOo.

An analysis of the Federal treasury's
condition shows the Governments imam
ces are now working into better shape.
The treasury has run behind about S3S,-
0O0,0 thus far this current fiscal year
Since July /, 1S04). but unless calcula-
tions are sadly at fault the record for
the last four months Of the year, to June
30, will show an income equal 10 the out
20. Customs and internal revenue re-
:eipts are on n bedrock hard-times basis.
Any change must be in the direction of
Increase. The deficit last year July.
1898, to June 1894, inclusive) was S1O,-
100000 in round figures. This year July,
1894, to June. 1895, inclusive) the short
age will approximate $3S,0OO,0OO. Next
year 1S9J-t) there should be hand
some surplus, with revenue laws un-
changed.
TO delve somewhat into detail it may
be stated that receipts from customs are
running about 100000 n day ahead of
last year. Occasional spurts to $3OO.OOO
or $4O0O0O a day increase suggest grow
ing drift in the direction of enlarged rev.
enues from that source, but 100000 n
day is fair average of the daily increase,
and there is really nothing in sight to JUS
tify expectation of n further swell for
several months. The customs receipts
for the first eight months of the current
fiscal year July. 1904, to March, 1880
aggregated $90,920. 111.60, as compared
with sol ,615, 1887 during the CORE
spending period of 1884 A monthly
average of $13.O00O0O during the four
last months of the fiscal year will put the
footings for the year above $150,OOO,-
900, or S1S,O00O0O over last year The
receipts from ''internal revenue for the
first eight months of the fiscal year were
nearly S5,OO00O0 ahead Of 1S93-94 for
the corresponding period. the total to
March l, 1894. and 1895. respectively.
being $100 501 ,913.69 and 500, $50, 239 96.
More than one-half of the revenue of the
first eight months of the present fiscal
year was collected in July and August,
and on Sept l last the amount collected
was $1S,OOO,00O greater than on the cor
responding date of the preceding year.
This difference dwindled to $4,000 900
during the succeeding four months, and
the internal revenue receipts are now
running 100000 day behind last year
Oh an average. At the present rate of
decrease the revenues from that source
would aggregate not more than S13S,-
100000 for the entire fiscal year, against
u
falling off of $4,000, 900 approximately.
The Secretary of the Treasury relies
with confidence on getting in $4,000, 900
from income tax payments before the end
of June. which would swell the cash com
ing in through internal revenue channels
to the neighborhood of S153, ,OOO, 900, or
$G,OOO,OOO above last years total In
addition TO revenue from customs and
in IN ha La
rives about SO 100000 year from mis-
cellaneous sources. The treasury books
at the end of the current year, June 80,
should show something like this:
Received from customs. $50, ,OO0, 900
Received from internal rev.
cnue .................. 1o3,OOO,OO
Received from miscellaneous
sources ............... 1o,OO0,OOO
Total ............... .$31S,O 100000
The expenses of carrying on the Gov
ernment from July 1. 1894. TO March /,
1895. were S247 ia. .679.35. 1t is be-
lieved that the total expenses for the
year can be kept within 1856, ,OOO, 900, or
S1O,0OO,OOO below the year 1S93-94. If
these expectations are fulfilled the deficit
for the entire year will approximate $685.
100000. Now S3SO00,0O0 is Just about
the shortage at the present writing. 1t
will be seen, therefore, that il is the hope
and purpose of the treasury to keep the
Government on an even financial keel
during the remainder of the fiscal year
Whatever it may run behind during
March, April and May will be made up
IN June from the income tax.
Receipts and Disbursements.
The following sumarization of the
Governmental receipts and dsburse-
ments by months for the last two years
will prove of great value to readers of
this paper in arriving at an ineligible
understanding of the present treasury
situation. These figures are obtained
from the records of j. Worthngton Ford
treasury statistician, and are ofiicial
RECEIPTS FROM CUSTOMS
Months 1S9J-94. 1S93-94
July .........S S.427, ,33S. .46 5 IA, GS3, ,O6p 10
IA 4