New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-02
STILL PILING UP DEBT.
HE FISCAL YEAR JUST CLOSED SHOWS
INCREASED NATIONAL LIABILITIES.


LAST YEAR-PROsPECTs FOR
BIG DEFICIT IN JULY.
Try TELEGRAPH TO THE TRIBrNE)
WASHINGTON July IAN increase Of sn2cD"~ IN
the bonded Indebtedness Of the country net IN
crease Of about SS 10000 In the National debt and
deficit of about s45 100000 In revenues. onset Dy an
increase OF about 100000 in the Treasury gold re-
serve are the conspicuous results OF the nsca oper
atoms OF the Government during the fiscal year
ms. c,osed-ten months of which were governed with
the benehcent influence OF the Cleveland arhse-
corma n Wilson Tariff bill The new "tarin for
deficit" went into effect on the 18th OF last august.
The Mckinley law during July ana august OF 'i'a'
year yielded a surplus revenue OF 'o'V"""' 50 ''a'
the new law has really. during the ten months IL
has heen in operation, brought deficit OF luiy
$5oOoo.OoO
The debt statement issued to-day places the en-
tire bonded Indebtedness of the country at
70 which should be added $N.l5 l,1O. one-haii Va
the last syndicate bond ISSUE already PAID ior' ou'
which does not appear in the bonded debt coiuinh'
as the bonds have not yet been issued. This makes
the bonded Indebtedness Of the Government s'9'o''
76O against $685. OIL $50 on July year ago. an IN
crease of Sll23l7.s7o during the year Inc 'ola'
debt to-day, less $l95.240l53 surplus cash IN the
Treasury, is 1892 $50 667. $335l72s7 more IMAM
was on July ! a year The Treasury goid re-
serve to-day stands at sl075il362. against so4oSV7
on July l. 1884, a gain OF A2 3s.33s during the year
During the year the Government disposed OF sllS'-
900 900 in bonds increasing the bonded Indebtedness
TO that extent by the 100000 loan last Novem-
her and the last So 600 syndicate loan. These
sales OF bonds at the premiums paid netted the
Government fully s12S 900 900 in goldabout s5sOo~o
for the November loan and sG5 1925 for the syndi-
cate loan-and the gold reserve has increased only
about S43 10000 since July year ago, the treas
ury has lost paid out about ssoooo"o goid curing
the year. Two years ago. or on July !. 1898 'he
net gold In the Treasury amounted to s95,4S5.A3 A
had
SIS Co., OO although s5OVoOOO In bonds were sold In
February 1884, for SIS 10000 in gold-a loss TO the
Treasury In gold that year OF about $SsVr"" Inc
silver reserve to-day stands at s29.472Sl. against
sB9 557 a year ago and S,sl145s on July !. 1893
Government receipts from all sources for the fiscal
year Just closed aggregated s3lS.Sol66. or about So
$4,000 more then during the previous fiscal year.
when the revenues reached s2s7 722. ol9 and when
sugar-which IN the year just closed brought in a
revenue Of s19ooo.ooo-was not taxed. customs
u,,es for the wear amounted 10 $751; 4. and In
Guiding the 100000 from sugar duties were ABOUT
s2l 900 900 more than during the previous year IN
ternal revenue receipts Notwithstanding the IN
creased tax on whskey. which usually furnishes
more than half OF the Internal revenue receipts
amounted to s143567.463 or about A0oCoW less IMAM
during the previous year. and sum far peiow OH
clal estimates and expectations. Receipts from mis-
cellaneous sources amounted TO N6so5SoS. or ABOUT
81 600 900 less than during the previous year
Expenditures during the year Just closed were
Ss5S1S52l5 or 100000 less than during the pre-
vious year BY pinching and pairing here and there
and by holding over river and harbor and Navy
construction work. War and Navy Department eX-
penditures were kept down nearly SoWo"" below
the previous year. while the interest charge "hicn
Of course had TO be met promptly. called for fully
50 900 900 more during the year just closed than DUR
ing the previous year. The pension charge for the
year was Sal 39l ,G23 about 100000 greater thah
for the previous year.
Recepts and expenditures in detail during the last
and previous fiscal years shown BY the following
table: