New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-10-01
FREE-TRADERS WILL ENULT.
"s1rRpLUs" OF. s3.ocoOOo TO BE SHOWN
FOR SEPTEMBER.

NONTH-WHAT HAS BE'OME VI i'''@
PROCEEDS OF THE BOND SALES?
fpY TELEGRAPH TO THE TRIB'NEl
Washington, sept. S0.-Another loud cru" oi "'e
free-trade Democrats will be hearu noiio"'
Look AT the September surplus of Sc%o" they
iii oxclain, and their newspaper organs Will pub
ush nonderous editorials whose burden viii be that
the revenue act OF 1894 has begun to Neid suihcieht
revenue for the support of the Government. lhey
will exultanty point TO the fact that the receipts
OF the National Treasury for the month OF Sep'em-
her amounted to sg75is.s7s and that the September
exnend,tures amounted only S2i37i.G31, leaving
balance OF sSl7S0c0 in favor OF the Treasury but
they will be careful not 10 say how this balance
was obtained. II may be well to supply the oms-
sion. OF the total receipts Of the month N4G5S9j7
was derived from customs duties. N2,26oOoo from
internal taxes and the remainder from miscellane-
Gus sources. The daily average receipts for the
first twenty days of the month were about %lsoco'
and for the last ten days about s9l7.oco
Now for the expenditures the total OF which was
sAs74 ss7 or daily average of ss2is7 for the entire
month The total expenditures in the first twenty
days OF the month amounted to s2o25IlW or an
average OF N.0l2.&5 day. and the total expendi-
lures IN the last ten days OF the month amounted
10 only $41l7.537 average OF sill,'53 day.
Inasmuch the average daily receipts for the last
ten days only $1,000 less than the average
for the entire month and only 5000 less than the
daily average for the first twenty days. 1t may
strange 20 persons who not familiar with the
shifts to which the Treasury resorts every month
under this Administration that the average of daily
expenditures for the last ten days Of the month
should have fallen about 100000 below the daily
average for the entire month and 100000 below the
daily average for the first twenty days Such per-
might wonder why the Administration could not
be economical in the first two-thirds of month
as II could be and in the last third. They might
do so and feel sorrowfu on that account until they
discovered that the pretence of in the latter
foica
attempt to deceive the country to the actual
diton Of the National Treasury by forcing a favor
able balance at the end OF the month.
OF course, there will be a heavy deficit in Octo-
Der. and also In November despite the desper-
ate attempts to make the balance favorable and
also deceptive possible Treasury officials
frankly say tina. the october expenditures Will large
ly exceed the receipts OF that month. and OF
them to-day ventured the opinion that the october
deficit would reach 100000. Controller Bowler. IT
IS true. might interfere and declare another appro-
priaon act Of Congress unconstitutional and
fuse to pay the money. If he had not resorted 10
that form OF population with the consent and tacit
approval. IL not In accordance with the suggestions
OF his official superior the President. the boun-
ties due TO producers which Congress directed
10 be paid and appropriated money to pay, would
have been paid in August and September and in
stead OF an apparent surplus" of 100000 for the
deficit Of more than s2coooo and the actual deci;
would have considerably exceeded that amount.
IL
what but the increase has not been large enough
or steady enough to justify any great amount of
amounted to abou, 10000 more than the monthly
average Of the previous eight months, but the Sep
TENDER receipts from thai source GlIt53,95O were
smaller BY s2.7oocoo than those of January, about
than those of August, while they exceeded the re-
cepts Of July by about $4,000 The total receipts
in September amounted ST. 10000 less than in Au-
gust. N,5O0o0 less than in July. and about $4,000
less than in January, but exceeded the total for
and also exceeded by the of $5o957i the monthly
average Of the previous eight months.
enue law became operative the total ordinary re-
cepts Of the Government have amounted to 1922.
S os ine and she e1cess Of eapenditureS
over ordinary receipts has amounted to 500
sSo or an average OF aeSs saa s1 month"; ich me
.7.1SSs72 below the legal requirement. and only
sss in EXCESS Of the amount Of the reserve nine
died and az the end Of January had fallen TO $i.-
$1,000 and the National Treasury was In imminent
peril. Since that time the Administration mas IL,
sued and sold ( per cent bonds 10 the amount OF
sc23l5400, the proceeds OF which amounten to S,a-
posted gold from time 10 time. until recently. In
order TO keep the reserve up to the legal require
ment And yet to-day, after eight months Of
The Treasury is only s65G6S23 better on far as
the gold reserve is concerned than It was nine
ba,ance in the Treasury exclusive Of the gold re-
serve amounted TO %l. 0sS1S9; to-day IL anouhteu
nine months which. added to So s3S on account o.
the gold reserve makes total OF III DISsed and 1'' r
eeived on account of premiums s65.llG2i1. and the
difference between the two am UNITS Is sS1 lilo,
not msed TO pay current expenses in the last nine
months what has become OF the money Anu i %hae
occoiint Of premiums between February and De
cember l. 1891? The money is not in the Treasury
!, pes been used to paw the current expenses OF the
Government What has become OF 1t!