Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-01-12

ciai Chronicle takes. nevertheless. a hope
ful view OF the situation. II says that
II II had not been for the decrease In
the gold item Of the Treasnrys cash. all
the reports relating 10 the government
finances issued on the lst OF January
would have been highly satisfactory.
That paper goes further. ami says that
IN the matter of revenue those reports
Indicate a fair increase month by month.
This viii be encouraging to all who know
how careful and accurate the Chronicle
Is In its statements We quote:
For october the total receipts were
only &oaes,0o. which has proved 10 be
the years minimum In November the
total had risen TO s2l.s99o00. and In De
cembcr II made further advance and
reached sSSiO1,Hn. That IL favorable
showing. because the increase is due to
steady growth in intcrnsl-revenUe re-
ceipts. and affords promise that the
aggregate government income will be
larger hereafter"
In different ways. our New York con-
temporary says. the revenues were de-
creased. First. whilst the tariff was be-
Ing framed, goods were pat in bond 10
await the lower duties. Hence, with
drawai OF imported goods in September
ana October anticipated the demand Cor
articles 20 be consumed. and so curtailed
the revenue. Then the tariff on sugar
has yielded very little up to this time
Then in June. July. and August whiskey
was largely taken out Of bond in order 10
AVOID the higher tax. which the new
iarin law imposed. And 1t must not he
forgotten that the !ncomc-tax will become
operative and productive in due time and
viii when Il does so add many millions
to the nations annual revenues. The
Chronicle adds that altogether there
fore, there appears 10 be fair promise
that the increase IN the revenue. which
Is a feature Of the last three months.
will continue In coming months"
We confess that We have been amongst
those wAom the Chronicle allules to
when II says that the idea prevailing
appears TO h. that THE Treasury is in
a desperate condition. tina: another bond
call will be necessary before long. ana
that the country is very near a new
spasm Of trouble" Mr. Great Heart. OF
the Chronicle. assures the world that
";here Is no ground whatever to-day for
this feeling or Thought" We quote him:
What warrant IS there to be found
In Treasury balance OF sold and cur
fency OF over si5}.0rGO for rumors OF a
boAd-cali? How IS the situation made
desperate when. starting with that bal
ance. the revenue appears 10 be increas-
ing ana the ordinary disbursements de-
creesinc? is there not the best Of reasons
'OT believing that the revenue viii 20
on increasing and that II viii take months
for the Disbursements to use w the
Treasury balance. II the disbursements
continue a. they are now running? Why
should g)li exports for the time being
disturb any one, in view Of the fact that
the sold balance was down 10 about 81
e".|o FOR large part Of las, August
without causing a shiver. and yet the
conditions We're every way then infinitely
worse than they ere now?'
Ani more Of The same SORT. says our
New York contemporary. who. being an
expor; in financial matters. is TO be heard
with due respect. whether the nearer
agrees with him in his conclusions or not.