The Dakota chief. (Gann Valley, Buffalo County, S.D.) 18??-1913, 1895-03-28
TREASURY ISGAINING
4 INCOME TAX EXPECTED TO
MAKE ACCOUNTS BALANCE.
e.ce,pts for Four Months to June 80
r,uoI Expenses Complete State
r,eut of Government Finances from
1900 TO 1898, Both Inclusive.
Deficit Is Now 900.

Deficit Is Now $3S 100000.
Washington correspondence:
A., onalvsis of the Federal treasury's
.ondition shows the Governments tinan-
.es are now working into better shape.
rbe treasury has run behind about $685.
IN 600 thus far this current fiscal year
since July I, 1904, but unless ~calcula-
lions are sadly at fault the record for
the last four months of the year, to June
20 will show an income equal to the out
90 Customs and internal revenue re-
CENTS are on a bedrock hard-times basis.
Any change must be in the direction of
Increase. The deficit last year Uuly,
1893. to June 1894, inclusive) was So
MW.OOO in round figures. This yenr Duly.
1894. to June, 1895, inclusive) the short
aye will approximate $4,000, 900. Next
year 1S9j-G there should be a hand
some surplus, with revenue laws un-
changed.
70 delve somewhat into detail it may
he stated that receipts from customs are
running about 100000 a day ahead of
last year. Occasional spurts to 100000
pr 10000 Il day increase suggest a grow
ins drift in the direction of enlarged rev.
cnucs from that source, but $4,000 Il
lay is a fair average of the daily increase,
and there is really nothing in sight to JUS
tify expectation of a further swell for
several months. The customs receipts
for the first eight months of the current
fiscal year July, 1894, to March, 1890
aggregated $99,920, 111.G0. as compared
with $91,G15. 1897 during the CORE
Spending period of 1884. A monthly
average of $13,O00,0 900 during the four
last months Of the fiscal year will put the
f~notings for the year above S1J0,0OO,-
800, or S1S.00O,O0O over last year. The
receipts from internal revenue for the
first eight months of the fiscal year We're
nearly SJ,O0O,000 ahead of 1S93-9t for
the corresponding period. the total to
March |, 1894. and 1895, respectively.
being S10O.IO1 ,013.69 and 500, $50, $50. 96.
More than onc-half of the revenue of IT,
first eight months of the present fiscal
year was collected in July and August,
and on Sept. l last the amount collected
was ~SlS,OO0.00O greater han on the cor
responding date of the preceding year.
This difference dwindled to $1,000. 900
IIring the succeeding four months, and
,he internal revenue receipts are now
cunning 100000 n day behind last year
NJ an average. At the present rate of
decrease the revenues from that source
would aggregate not more thar $685.
10000 for the entire fiscal year. against
STAG, I'D. 7C0.17 for the year 1S93-94. a
falling off of $9,000,0 900 approximately.
The Secretary of the Treasury relies
with confidence on getting in $15,O00,OO0
from income tax payments before the end
II June, which would swell the cash COM
ing in through internal revenue channels
Il, tho pnipIlprhon1 of C1So NM 00n ~
$Gooo.000 above last years total. In
edition to revenue from customs and
Internal taxation the Government de
lives about SO, 100000 a year from mis-
ecllaneouS sources. The treasury books
81 thc end of the current year, June 30,
should show something like this.
Received from customs. ..$15O,OOO. 900
Received from internal rev.
'n1" 153,O00.oOO
Received from miscellaneous
sources .............. lo.0OO,oOO
Total ............. .$31S,OO0. 900
The expenses of carrying on the Gov
eminent from July /, 1894, to March l,
1888. were $247.173.679.35. 1t is be-
Iirycd that the total expenses for the
year can be kept within $3.50, O00,0 900, or
S~!0,000,OO below the year 1S93-94. If
those expectations are fulfilled the deficit
for the entire year will approximate $685.
100000. Now $3S 5000, 900 is just about
the shortage at the present writing. 1t
Viii be seen, therefore, that it is the hope
ana 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
III June from the income tax.
Receipts and Disbursements.
The following sumarization of the
Governmental receipts and disburse-
ments by months for the last two years
VIII 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. Worthington Ford,
treasury statistician, and are official:
RECEIPTS FROM CUSTOMS.
Months lS95-94. 1S93-o4
July ..........S S.427, 1893. 46 s ID, $50, 969. 10
august ....... II, S04. 914.21 II. LA, &C.,
September =. 10, 564, 800. SO ~, 500. 778.15
October ...... 1862. 11S.17 1O.939. 531 AS
November . ~, 260. 692. SO 10,21S.6 SS.64
December .... 1I,2O3,O 49. 40 9,153215.99
January -. II, 36l ,9l62C n,454, 500. IA
iepruary go. 1884, 69l. 30 1880, 12S.l3
March ........ ............ 11.35S, 0S4.67