Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-09-27
When Receipts Are Likely to Equal
the Expenditures.
VIEWS OF GOVERNMENT OFFICIALS
Heavy Payments to Be Made in
January.
PACIFIC RAILWAY BONDS

Treasury officials are commencing to fig
ire on the government revenues and the
prospective heavy payments that are due
next January.
The available treasury balance now is
$215, 100000, of which STAT 100000 is gold.
The receipts are running light, and there
is no telling when they will begin to come
within distar ce of the expenditures. AL
ready for the fiscal year the expenditures
have exceeded the revenues by $2S,000, 900.
In October quarterly interest to the amount
of $5.596OO0 has to be paid. Again in No
veu1ber nearly s3,O0o,O00 has to be paid in
interest. At the present ratio of receipts
the deficit for October will be about $l0,-
000,0O0, am for the balance of the calen-
dar year it is likely to foot up s6,00O,000
or s7,00O,0OO additional. which would bring
the treasury up to January, 1898, with a
deficit of s45,OOO,O00 and an available bal
ance of less than $2O0,O0O,00O.
January l next $29,9 ,952 of Pacific rail-
road bonds mature, which will have to be
paid out of the treasury available cash.
These Central Pacific, $1O.614. 129;
Union Pacific. s15,a19,512; Kansas Pacific,
81, ,423, 600; Sioux City, $1,62S,320: Central
branch Union Pacific, s320.00o.
January is month of the largest treas
ury expenditures, and with the additional
disburceme of $,0.O000O0 on account CT
the Pacific railroads, and with receipts
running low, ii large hole will be made in
the treasury cash.
1t is this condition that is causing treas
ury official; some thought and making
them tighten up the custom law that no
revenue may escape
There is not the slightest uneasiness,
however, as to the final outcome. If the
Union Pacific railroad is sold under de-
cree between nov and the 1st of January
the available cash in the treasury VIII
be increased by about $45, 900 900. OF course
q IA co Ia will ..l-
place st that time. 1t is understood tina,
at the next cabinet meeting the question
OF government appeal from the decree
of the court at Omaha will be considered.
The probability Is that no appeal will be
taken ard that the road will be sold
der the present decree, the reorganization
committee which gave a guarantee Of
bid securing the road.
A Star reporter talked with treasury Off
cials. today as TO when they think the
tariff iaw will furnish receipts sufficient
to meet expenditures. General Spaulding.
acting secretary, said: EARLY next year
the receipts will think, begin to get up
with the expenditures. There is no solicit
tude in the treasury about the deficiency
continuing until the end of the present
fiscal year. By the 1st of next July the
receipts will be running ahead of the ex-
pendltures."
Assistant Secretary Howell, who has
charge of the customs, predicted that the
Let OF January would see the receipts equal
I the expenditures. He believes that all
lines of imports will show heavy increases
by that time. Not dollar is now being
received as duty on sugars. Mr.. Howell
believes that considerable money will be
coming in from sugars in three months
Treasurer Roberts also believes that jan
uary will see the situation clearing up and
the receipts running along with expendi-
lures
The opinions of the treasury officials are
In line with that of Chairman DingIey.
About a week ago he predicted that the
tariff law would be furnishing sufficient
revenues by the beginning of the new
year. The daily receipts now occasionally
reach and surpass the receipts of the
same period of last year