The Brunswick times. [volume] (Brunswick, Ga.) 188?-1900, 1897-08-08
DEFICIT FOR JULY.
THE EXPENDITURE EXCEEDED THE
REVENUE BY NEARLY 100000.

Pension Payments Are Larger Than Be
fore and Are Expected to Increase-The
Imports Anticipatory of the Dingley Law
Cost the Treasury About $40, 100000.
The fiscal year 1893 starts off with a
defeit of nearly $1,000, 900 in the
United States treasury for the first
month in spite of the fact that the re-
ceipts were greatly swelled by the rush
of importers to get goods into the coun-
try before the new tariff act went into
effect and by the heavy purchases of
beer stamps by brewers TO save the ~
per cent rebate.
Owing to these two causes the re-
ceipts for the month We're swelled to an
aggregate of $50, 027, 3G8. 25, or $1O,-
000,0 more than the normal receipts
for a month under the old tariff law
For July Of last year the receipts from
all sources were 500, 029, 209.33.
Large as We're the receipts for the
month ending today, the expenditures
were still larger amounting to $40, =
1913, 900 as against SAP, 088, 46S. 05 for
the same month last year More than
S., 600, 600 of this increase is ON account
of public works under the direction of
the war department brought about by
the large appropriations Of the last con-
gress for river and Lalbor improve
ments. OF this amoulW 3, 800 900 was
paid in lump for the purchase of the
improvements of the Monongahela river
from private corporation.
The pension bill for July this year
amounts to $14, 958, 600 This is nearly
So, coo, 600 more than July last year
and indicates that the estimate made
by the pension office two years ago that
pensions would begin to decrease during
this year was not we'll founded. On the
contrary, the effect of the policy of the
new administration in removing some
of the requirements as to evidence to
substantiate pension claims is being seen
already, and the pension expenditures
for the current year will be the heaviest
IN the history Of the government. The
appropriation which is the same as for
last year, is more than $141, 900, 600.
1t is inevitable that there must be de-
ticiency appropriation in addition, which
will bring the total pension expendi-
lures for the year to more than $780,
10000.
The treasury receipts for August will
be far below those for July, as, owing
to the anticipatory importations and
purchases of beer stamps, both customs
and internal receipts will be light In
ternal revenue receipts are expected to
be about normal again i'll September,
but customs will yield comparatively
little for some months TO come.
W. G. Ford, chief of the bureau of
statistics, presented to the secretary of
the treasury the other day a report OH
the loss of revenue owing to anticipatory
importations during March, April, May
and June. 1t foots up $36, 296, 030. A.
Mr.. Ford suggests that about 10 per cen.
of this amount should be deducted on
the ground that part of the increased
importations should be attributed to in
creased prosperity. On the other hand,
about $40, coo, 600 should be added for
July, for which Mr.. Ford has not receiv-
ed complete returns, thus making $780,
600, 600 a conservative estimate of the
revenue lost
Mr.. Ford table shows that the sugar
importers saved $1,000, GA. 10 on the
duties on the raw sugar imported dur
ing the four months covered by his re-
port. That his figures as to this item
are not larger is due to the fact that
sugar duties were ad valorem under the
old law and the invoice valuations this
year were much smaller'than last. The
imports for the four months last year
We're 1851, I73,771 pounds, valued at
$36, 168, 923, while for this year the i'm
ports We're 2,440, 779, G53 pounds, valued
at $44, $50, 049. New York Herald.