New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-02
FINANCE By DEMOCRACY.
A FISCAL YEAR MARKED BY DEFICIT
AND DEBT-INCREASE

THE BONDED DEBT INCREASED naiooooco AND
THE TREASURY LOST sI40oco.coo OF GOLD
lpY TELEGRAPH THE TRIBuNEl
WASHINGTON. July 1.-The net results Of another
vaar's operation Of the tariff for deficit" and Of
the borrowing and discrediting capacity of the
present Democratic Administration shown
nv the monthly statements put out by the Treas
ury Department to-day Epitc rrize6 they
deficit or excess OF expenditures over re-
cepts Of S26 0o00o0; an increase Of 1881 100000
In the bonded Indebtedness of the country; net
increase OF about Sol 100000 In the National
debt. and a loss of $1i0O00,000 Treasury gold
during the fiscal year which closed yesterday.
on July l. 1893. after tire advent Of the
present Administra ton. the bonded indebted
ness Of the Governm> MT aggregat ted in round
numbers S5S5, 100000: on July /. 1895, it had
reached SIG 600 900 To-day il amounts 10
Ss47 500 $50 making an average annual increase
Of $751; 100000 in the bonded Indebtedness or
$500 100000 more to-day than AT the beginning
of President Clevelands second term In Office.
The total debt to-day less Sgt 432 O96 net
cash balance in the Treasury. is 500 297 .254,
S536242S7 more than on July l year ago
ard Sl16327.719 more than on jury l, 1898. OF
the debt as 4; stands today SS41 100000 IS
bonded indebtedness. made up in round numbers
Of S722 100000 per cent S100U000OO ; per
cent and SO 600 600 per cent bonds.
Treasury gold assets to-day aggregate S144.-
5l1 1913 against when there is outstanding
S4oS1S1S9 in gold certificates leaving a gold
reserve Of SOL 600 604 or S66i5 go less than it
was a month ago. A year ago or on July /,
1890 the Treasury gold reserve stood at S10I.-
30 49, and since that date funding operations
have Melted the Treasury. or should have Melted
it. about Sl36,000.000 n gold; and, had none
been lost. the Treasury to-day would have
gold reserve Of S243 .OOOOOO. ar about S1420OCO0o
more than il really holds.
Silver assets to-day aggregate 500 22462'.
against which there are outstanding S3426l9.5o4
in silver certificates and S1296S3,2So in silver
Treasury notes. leaving silver reserve Of $50
a21 s43 or about SS.oD0000 more than month
ago One year go the silver reserve amounted to
S7662S $50
The Treasury to-day holds S121,37965S in
United States notes against which there are
outstanding S31 $4,000 in currency certificates
leaving greenback reserve Of SS9.3S9.65S, or
abou, S25o000O more than on June I a month
ago one year ago the Treasury held about
$50 ,0oo,000 United States notes, but with
greenback reserve If only S26, 1666'o
Government receipts last month aggregated
S2119l. 219. nearly three millions more tnan
in the preceding month Of May. customs re-
MAY and internal revenue receipts ao1ut TWO
millions greater than in May. BY deferI7ng pay
raents a surplus excess of receipts over eX-
De: ditures of 81. $40. 43O is shown for the month
Receipt from all sources for the hscal year
amounted 10 S'26 S0.226 which IS about ~
OOOCOO less than Secretary Carlise's esunate,
while expenditures for the year were S3'2,z3l-
40 leaving a deficit Of S2G.Ul2214 or about
$4,000 900 more than The Secretary's estimate.
BY holding up the S5oGOWO sugar bounty.
and going slow with public buildings. aud by
p.nching and pruning probably Sloo""WO or
$40 OO0O00 appropriated TO meet proper claims
AID - prosecute public works have been re-
tanned in the Treasury. 50 as 70 keep the deficit
1v-n E. n,ewhere near Department estimates
Customs duties during the year just ended
brought IN S160534 sol or about seven and
tnree-aGa~ters millions more than during the
preceding year. Sugar duties last year helped
o.. amazingly in revenue. and at least twelve
millions az this comparative increase in Gus
toms duties came from this source. While the
Importation Of sugars last year id not
lcacn normal. or what il was in lN92, Sill the
higher Price Of the raw cTmodity latterly has
brought in a revenue Of perhaps S3OoOOo)O. or
fully So 100000 more than during the preceding
year.
Internal revenue receipts for the year were
SAG. J0S 2f4 or three millions more than during
the preceding year The whiskey tax yielded
about SIS 900 600 or several millions less than
during the preceding year. while the revenues
from taxes on fermented liquors and tobacco
were about the same In the preceding year.