New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-20
rORErGN TRADE fvD REIENFF

The Official return " exports and Imports for
the fiscal year just closed shows. as previous
statements had shown great decrease In ex-
ports. amounting for the year % more than w.
go 600 nearly 10 per cent. and curtousy cor
responding Increase In imports. also amounting
e. ssi.OOO.01O or 10 per cent. The excess OF cx-
ports IN the fiscal year ending with June, 1898
WAS s2ii 1872 692 but II only s7J. '32.9ie In the
nscal year Just closed. and While the net exports
~ silver were about S37 600 900 In both years the
net exports 81 gold rose from H52ssi2 In the fis-
cal year 1899 10 $50 $40 In the year Just closed
In June the excess Of merchandise imports was
Sc 300 Cos. whereas In the same month last year
the excess of exports was 6.224.l'7
In spite OF the great Increase In imports. and
particularly IN dutiable Imports sugar having
been added. the revenue has fallen far below the
necessities o. Government. II Is not In the
least wise for Democratic friends TO insist upon
repeated proof that the revenue law Yields n
deficit. The evidence the very face OF
things is conclusive. for Government borrowed
s5s 53s. 500 In November and sG5, 100000 In Febru
ary. or si23 63s 500 since the new revenue law
enacted and has added not half that sum to
cash on hand Because OF the fraudulent de-
ferring OF payments until after July I. and inclu-
SIGN Of revenues not belonging to the last year.
oning 70 Monday night. including fifteen days OF
July the receipts from September from the new
law have been $3.50 6O3 49, officially reported.
while the expenses AZ officially reported were
1916 0G9 9o7 the apparent deficit being s63457.2 25
in ten and u half months This is AT the rate Of
81. 900. 900 n year. and yet one knows how
much Of the expenditures have been deceptvely
kept back by refusing TO pay what the Govern
ment actually owes. Whether the amount is one
million or twenty millions II must be added 10
the disbursements In order TO ascertain the ac-
tual cost OF carrying Oh the Government
II f. much more difficult matter 10 Judge how
large the deficit will be In year OF full and I'M
impaired operation Of the new law because the
consumption OF sugar and whskey under new
taxes cannot be definitely calculated There IL
indication that the consumption OF both has been
smaller than It was before new taxes were I'M
posed but as to the extent OF the decrease there
are wide differences OF opinion Moreover. until
within the past two or three months business has
been so greatly depressed and the earnings OF
the people so reduced. that there has been as yet
no entirely satisfactory test There Is another
uncertainty regarding the future consumption OF
foreign wooens since similar causes have re-
tarded purchases Of these. which may become
larger I'm the future. Ir the past three and n
half months customs receipts have been slightly
over si2 900 900 per month. at the rate OF $l45
900 900 year. instead Of 1885, 000 600 estimated by
Secretary Carlisle. and total receipts have been
about s25 900 900 per month or $500, 900 year.
against his estimate OF 1890. 600. 900. At present
there is no other indication more reliable regard
ing the probable outcome than these returns for
recent months have given. though there II
ground for believing that. II business continues