New-York tribune., 1897-12-11
CHAIRMAN DINGLEY'S STAiE
HIS PREDICTION OF A SURPLUS NEXT fH~n "N-
cr1yrp WITH GREAT APPLAUSE

cEIvrp WITH GREAT APPLAUSE
w.s,,nston. Deo 1O.-As a preliminary to his
statement, Mr.. Dingley gave a new interpreta-
t,on OF the estimated increase IN pension e~-
p.nditures. contending that the maximum "as
reached IN 1893, when the pension payments
reached s1b9. 100000 In 1894 they fell to slai'
100000; in 1885, $141. 100000: 1895 slo9'oVV.-
900. and IN 1897 $141. 100000 II the expehdi-
tures for pensions during the next nscai year
should be s14S, 900, 900. as had been estimated
The increase. Mr.. D!ngley said, would nor oe ous
% ,.e,s,at,on but TO more rapid administrator
q. tbe nresent laws It would, therefore, IN
yolve no additional expense in the END.
Tba question as to the revenue and expendi-
3,,res for the next fiscal year. proceeoeo MT
Dneley. was q practical one which congress
had to face The statement OF the secretary OF
the Treasury ne said had caused much misap-
prehension owing to the fact that unoer new
nrov,s,on OF law he had been obliged to include
..,,mates Of expenditures Of $13O0oOO0 for
publc works which neither ne nor the secretary
~ War. nor any other well-informed person be-
1,eved would be expended. Counting this. the
estimated deficit. he said. will be S2l'oOO'oU'
THE NEED OF ECONOMY.
~. D,n.,ev said he took 1t for granted that
Congress would exercise reasonable economy
,,,,h,c vorks next year would exceed $3OVVV-
OOO He ponted out the fact that the actuai
oos, of the administration Of the Government
.hs ordinary expenses per capita. had renamed
shout stationary for many years. The cost was
ehout 50 80 per capita At the present time the
.xnsna,tures were slightly In excess OF 30 oui
50 per capita went for pensions and ABOUT ~
cents for interest the public DEBT
rha estimate OF the Ways and Means Com
r,,t,ee had been that the Tarih law. Win other
receipts. would bring In an income OF so'i-1s
per capita. and Mr. Dingley declared tna'
uhen the expenditures were brought within that
limit there would be no difficulty Inc esu-
,nated deficit for the present year. not counting
the money obtained and to be obtained from 'he
Pacific railroads was S2S.0VV'VVo.
The antcipatory importations had MI Dlhs-
lev argued, placed in the Treasury oelore July
] $3S,OOO,000. Those importations hao ieouceo
IN. deacit last year from $56.0OO.0O0 to S1S.-
100000 Inasmuch the importations were TOT
consumption this year. Mr.. Dingley contended
that in equity that sum should be properly
charged to the receipts of the current year II
they were 90 charged. instead Of . deficit there
would be q surplus this year Of S1O0OOOOO.
A SURPLUS OF uo.V00oo PREDICTED.
Mr.. Dingley figured out . surplus OF exactly
year He described the steady manner In which
J the revenues had been increasing at the rate OF
one of two millions q month. Although December
was generally a bad month for importations. ne
said that If the increase for the hrst nine
DAYS of this month continued the receipts TINS
month would increase from $2o.UUO,UuO In NO
vember to S27 900 in December. Wnen ne
confidently predicted that the effect OF the an
ticipatory revenues would all be overcome curing
this fiscal year. and that after May or June 1872
the revenues would exceed the expenditures
the Republican side broke into repeated cheers.
When pressed by Mr.. Richardson Denl.'
Tenn.) for an opinion as to the time wnen the
full effect Of the new schedules would be mani
lest Mr. Dngley replied that the date mus,
necessarily be problematica but for practical
purposes looking to the period when the reve-
nues would be ample he unhestatingiy ilxeo
the end of this fiscal year.
Mr.. Bailey Dem. Tex) asked Mr.. Dlngley
II the Treasury was not concealing deficiency
by counting the receipts from the sale Of the
Union Pacific as miscellaneous receipts.
Mr.. Dingley replied that the only proper place
he had excluded all consideration OF the Pacific
road receipts In his statement.
Surely said Mr.. Bailey, you do not credit
your Tariff bill with the receipts from the sale
OF the Union Pacific road?'
Mr.. Dngley disclaimed any such purpose.
Then Mr. McMin (Dem., Tenn took q hand
in asking questions. II revenues will
meet expenditures" he asked why do you not
use some Of the surplus 10 extinguish the pub
Tic debit"
"Oh" interjected Mr. Cannon. lightly. amid
laughter well get around in time to stop the
results Of Democratic extravaganza"
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