New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-04
TREASURY REPORTS.

The monthly statement by the Treasury
shows considerable changes which require e1-
PLANTATION Total receipts OF more than
S43.OOO.OOO would be inexplicable II the pay
ment OF over S1S.OOO,0OO on Union Pacific ac-
count were not remembered; and expenditures
Of nearly S3SO0OOO0 would excite apprehen-
sion II 1t were not known that Treasury book
keeping required transfer OF over S4VUoV"
on the same account. The Treasury actually
received In excess OF technical payments
S13,645,268 on account Of the railway sale 80
that It's actual revenue was SOS, 16S9S7, and
its ordinary disbursements S33,261.47O, with
deficit Of 5000, 4S3 for the month. The e1-
penditures are called in official accounts or
dinary," but they include some OF large
amount that are not by any means ordinary.
Yet q large deficit in the regular account ap-
pears. due in part to smaller increase in the
revenue than has been realized In previous
months. In view Of the Importance OF this
monthly statement as the basis upon which
many Congressmen will shape their speeches
and their action during the coming session, 1t
"a desirable to clear away Misrepresentation re-
garding It.
In the first month under the new tariff GUS
toms receipts were about S69s7OOO, IN the
next month about $7,943,OO0. In OCTOBER
so.713.ooo. and in November s9.S3O,0O0. While
a slight Increase appears, it is by no means IN
correspondence with the gain In the previous
months. and gives pretext for the claim that
the probable limit of monthly receipts from
this source has been nearly reached. Yet there
is no justification for the claim. and knowl-
edge that the sugar receipts are naturally
smallcst at this season and begin to rise after
<bov vta n LARGO share OF the
revenue. suffices to render the inference entirely
unwarrantable Sugar will pay an average OF
rs per cent duty. much higher than other
goods usually imported at this season. and with
imports soon averaging 100000 per month,
This one item will materially swell the income.
II ia also a point OF some consequence, not
hitherto noticed, that the imports Of wool are
becoming considerable. To those who look only
at the aggregates this seems absurd, because
foreign supplies Of wool In this market are
enormous But OF some qualities required for
manufacture the supplies appear to be 80 short
that heavy purchases have recently been made.
both In Europe and Australia The imports
during the last month have been considerable,
and In December from Australia they are likely
n be larger, and on such imports the duties
payabe are about 80 per cent. There Is also
the linen trade, which has contributed but little
thus far TO the revenue but will soon begin to
add materially to customs receipts. In other
branches the imports to anticipate new duties
have nearly or quite run out. so that there IL
reason 10 look for larger shipments during the
month Just begun and following months
While the customs receipts may b. expected
to increase there Is every reason, also. to ex
pect a larger return from internal revenue The
action OF Western distillers, agreeing to curtai
production for the coming year, though ex
tremely necessary In their interest. is eminent
~ calculated to stimulate buying by consumer
without delay. Tho vast stocks accumulated