The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-05-08
TIE HAvEMEYER LAW DEFICIT
Condition OF the National Finances
Growing steadily Worse.

new 4 OIh itlbhilE~
I'VE can't seem to get rid of that deh-
cheney" said an officer OF the treasury,
as ne looked ruefully at the treasury
statement. which showed deficiency OF
$40 $50. 80 . for the month TO date. And
there was just six business days left in
which 20 make good the promise OF the
friends of the new law that IL would pro-
duce a surplus in April. The month thus
far has been a great disappointment 10
the friends of the new tariff. They came
50 near 10 making - showing OF meeting
expenses last month that they are soreiy
distressed over the deficiency OF more
than Si0.0ooeto which has been staring
them I'm the face day after day. The fact
IS. the new law is falling off every month
In Its custom receipts. In January the
receipts from customs averaged S60o'
a day in February they averaged SITS 0,0
a day, IN March $4,000. In April s422 200.
and during the last ten days 500 40.
X will he observed that there has been
a steady falling OF la the hast month. In
deed. the gsseral receipts under the new
law have not increased with the rapidity
that was promisd. The average daily r.
ceipts during January from all sources
were Ss0,e0, I'm February and March
about sSa go. in April <Sl9000. and during
the last ten days SIS GO. I, j. IN the Gus
toms receipts. however. that there Is the
greatest slump" as Is shown hy the
steady decrease since The temporary boom
or January. The customs receipts today
were S2t2, Sa. which was less than half the
January average. sundays and holidays
included
Meantime, the expenses 20 fncrea sfn.
TIP 20 date thts month tae aaily expendi-
lures have averaged $40 90. or S45I po8
more than the average daily receipts. In
other words. this expenditures have thuS
far This month heen mora than ~ per
cent. in excess % the receipts The ex-
pendltures since the new tariff law went
into effect have been SS2. 0ls. Iss in excess
% the receipts. II must - confessed
that Tho prospects for the future orera-
tiens Of ihe new law are not encouraging
With 3 prospect that the income tax mat
tcr may - rNopened hv the Sur~a-n a
court. the expected receinis from ms
source viii not rnater}aiize for TIA rres-
eat a. least. The boom ia custom -
oeip,s IS evidently over. Indeed. they ara
almost always iEhl in May. and there
So ms no prospect tisat they VII be ~ e,..-
WISE his year. Tha rush Of goods trta
;he coUn-ry under the new ea~ir. esna-
ci7l}y after January + seems 20 have nm
dnosi reactton. aut the customs p.
efjpt@ for Arru seem likely 10 he from
Va - Z" per rcut. less shan ~ Narrh ana
even less ~ Nay than tn AprH.
Meantime, the expenditures 10 not de-
creA~A For the Doarh 81 April thav via
s's larger than IN any Apvl IN the history
- sae treasury. VITA perhaps ore excep-
uoa Ana the May expenditures VIII he
increased by he ad8lrisa or tr~ infaras,
On President Cleve}and's loans rae o.
tATeSt on the $50 $40 s.s3 % 5 per ser.
n93Is sad the more recent issue o. uer
cents ~ti sat} due Ia May. amounting 70
UeaTlY S-so ass'. a03 wiu have IN be added
to the asiIai Nay vxpea iitures. whlch a.
F7ost exceed tas May receipts.