New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-02-02
PUBLIC DEBT ROLLING UP
AN INCREASE OF MORE THAN sl3,5OO 900
IN JANUARY
DEFICIT or NEARLY 100000 IN RECEIPTS FOR
THE MoNTH-THE FRUITS OF DEMOCRATIC
TARIFF AND FINANCIAL POLICY.


(BY TELEGRAPH TO THE TRIBUNE.1
Washington. Feb 1.-The fruit OF the Demo-
cratic tariff for deficit and the Administration s
policy OF selling bonds In $OOO0O drbets is again
shown by the monthlyestatement OF the Treasury s
fiscal operations. issued to-day in continued and
additiopal deficit big crease in the
gold reserve and enormous monthly net in
crease in the public debt In brief. the discourage
ing features of the monthly statement are: 4 net
increase in the debt of $350O000; excess OF ex-
pendtures receipts o. 8. 10000 decrease in
the gold OF Sl 10000 and decrease in the
Treasury cash balance OF nearly 100000. The gold
stood at s67. the lowest point reached
since the resumption OF specie payments on Jan
uary l. 1873. This shows a loss In round numbers
OF Sl5cocto in Treasury gold since January l, when
the reserve amounted TO $S6,24i, AS. and OF about
s63. 10000 since December 5. when the gold reserve
after the last bond sale swollen TO a maximum
OF slll.l42.oOO Probably S0coocO0 OF the gold the
Treasury lost last month has gone abroad. and
the remainder has found its way TO banks which
are accommodating the yellow metal In anticipation
OF another bond sale. and 10 the pockets OF those
who boarding IT in anticipation OF selling it at
premium
The interest bearing debt was increased S.l55.5S
during the month. which was due to finishing up
the transactions of the last bond sales The Treas
ury cash balance decreased $s73i.275 and the non
interest st-bearing debt decreased s3i2s2. making in
all a net Increase In the debt OF $l35i2.5'S.
Receipts from all sources last month aggregated
s27 S04 $685. but expenditures S34523ii7. So
71904s more than receipts. This was the deficit
last month; but for the seven months Of the cur
rent fiscal year. or since July !, 1894. II foots up
s34 2s2, 90 Receipts for that period under the
Democratic reform tariff aggregated SlS'.l%s57
while expenditures s22l .415.927 Customs re-
celpts last month aggregated 3l73GlsG, SIcooooo
more than last December. and about Sc 100000 more
than in January year ago. The President. Pro-
fessor Wilson and ether champions of the new
tariff for defct, VINO have recently insisted that
revenues were increasing. get only cold COM
fort out OF these figures. showing as they do com
parative gains I'm customs receipts over January
year ago. before the new tarin was In force, In
face OF the fact that at least S510,vD OF this IN
crease last month was due TO abnormaily heaNy
Withdrawals Of woollen goods held in bond until
early last month TO derive the benefit OF reduced
duty and also thai about S0oO.W came from
duties on sugar. which year ago came IN ire
Deducting the exceptional receipts from wooilen
goods and the new duties on sugar II VIII be seen seen
that the tariff has brought less revenue last
month than the Mckinley law yielded In january
Internal revenue receipts last month make a
comparatively poor showing. and aggregated TOT
the month $s.o34.964. or $4,000 less than in last
December nearly 100000 less than in January
a Year ago This denotes comparatively hght re-
ceipts from the tax whskey, which for the nrst
six months OF the current fiscal year amounted TO
S45 20On only $.500oc9 Of which was collected dur
ing September. October. November ana Dccember.
enue receipts. however for the seven months OF
the current fiscal year aggregated &i.lSt6. or
about s6.yooooo more than for the eorrespSTna'ny
course. Is explained by the heavy wiihdra"als oi
whskey last July and August. under the old ~
cents a gallon tax. but decreased consumption anu
Withdrawals for the remainder Of the hscal year
will result in comparatively greatly diminished
internal revenue receipts from this source