New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-02
BAD TREASURY SHOWING.
APRIL EXPENDITURES EXCEED RECEIPTS
BY NEARLY 100000.
THE SUGAR TAX AND INCREASED wHiSKEY TAN
BRING IN LESS THAN HALF THE ESTIMATED
REVENUES DEFICIT FOR TEN

THE SUGAR TAN AND INCREASED wHiSkEY TAN
BRING IN LESS THAN HALF THE ESTIMATED
REvENr'Es- DEFICIT FOR TEN
MONTHS AMOUNTS TO s,.cocoo,
my TELEGRAPH TO THE TRinuxE1
Washington May l.-Govcrnment fiscal. financial
and revenue operations and results M shown 10y the
Treasury Department monthly statement Tor Npril.
issued to-day. continue TO be unfavorabc ana dis-
couraging. as they have been for months pat. or
ever since The "pcrndy and dishonor reform laflf
bin became law last August.
Last month Government expenditures exceeded
receipts b, nearly 100000, the National debt In
creased more than 100000 the Treasury net cash
balances decreased 100000 and the gold re-
serve was Increased only 100000. although
the interest bearing debt on account OF the synd-
cate 4 per cent loan operations increased about
s25oo.eo
In detail the interes, bearing debt was increased
s. 349 go the net cash balance decreased s7W9.S1
and the non-interest-bearng debt decreased SSs' .
4S7: making all Il net increase in the dept OF
81 109 sos The Treasury net cash balance to-day
stands at $3.50 S7.sl6 and this includes gold re-
serve of sol 2i7.1 sGoos51 more than on April l.
Government receipts from all sources during last
month aggregated s3s. agains; s22@@,36i In
April 1894 and sos 49, 67 in April. 1890 Customs re-
ceipts last month amounted sl2.i53.oS6. or only
about g. 22o5 eco more than in April year ago. ana
this with 'he aid Of the revenue from duty on
sugar, whc.. last April came In free ana "hioh
last month undoubtedly nettei the Government
50 10000 Internal receipts last month were
sIo6,ssso against yl.363 lH during April. 1884, and
81. 1s9 S67 in April. 1893.
Receipts from all sources for the ten months OIL
the current nscal year or up 10 May !. aggregated
5000 5ei 63 against S25 20 for the corresponding
ten months OF the preceding fiscal year; whiie eN-
penditures for the last ten months amounted 10
s72 against 1876 for the 'pondins
ten months Of the preceding iiscal year.
Receipts from sugar duties and the internal rev
enue tax on whisky two very important sources
of revenue 10 the Government continue to l." lisht
and Disappointing Sugar duties. according To OIL
cal figures up to April J. or for seven months anu
since the 40 per cent al vaorem tax has bceh COL
lected on this commodity. had yielded the Govern
ment only So 80 i6e and liberal estimate would
Mace /, AT & 10000 month for the remaining three
months Of the current fiscal year or less man
sl9WOOpD for the year which il less tnan nan OF 'c
amount OF the cXiravagart estimate mao" ~; Co
ury officials at the time the tieyeIand-1
man I}rice- Sugar Trust tariff bill became ih"
Internal revenue receipts from the taH on ,aS @
raised the tax whiskey ON ~ cents 10 81 ~ a
gallon but receipts from ms sorree ,aH nitcI
the Government for nine months %. tmr ,h snr
the Corresponding nine months OF the preceding rs
cal The receipts from re ss deS on and for W.
remaining months OF the current fiscal year are
not likely to monthly more tnan ma sun.
srom n The whisky tax for the entire fiscal year or
about 81 Oco ODj less than during inc preccuIis
80 e%n,endi,,res have exceeded receipts by t5"'-
900 and with light customs and Internal r,vrnn. ~
cepis in May and June and the ordinary hea'y -
pendures that must he met during ,h.se o't ,nS
mere is good reason now as there has beef !pI
months past look for deficit ~ the c'ose u '''
current fiscal year OF fully SO'e'W. ,, ~. ,o,
Receipts and expenditure Ia detail during thr t,h
months cnsresnondng ten months OF the preceding MS
cal year are shown by the following table