The evening times., 1897-12-21
THE TREAsURT'S JUGGL|NG
Efforts 10 Wipe Out the Big
Deficit.
HOW MR.. GAGE DOES IT
The Money From the Pacific Rail-
roads Sale Is Improperly Credi:-
ed On the Treasury BoOks-The
Dineley Act ana Its Miserable
Failure EXPOSED.

The Treasury system of bookkeeping If
fords an excellent illustration Of how
anything cn earth can be proved OF dis
proved with figures Just now, a Tn.
end OF the calendar year is approaching,
every effort CT the Treasury is being So
rected toward reducing the deficit for
the first six months Of the calendar year
70 as low figure rs possible.
This deficit has been pulled down from
more than 10000 900 to fraction over
$ll 900 900. by calling the money received
from the sale of the Union Pacific Railroad
miscellaneous receipt. The amount 60
far received from this source aggregates
$50, ,942 ,OD, and as this has been received
1t has gone 10 pay current expenditures,
thereby reducing tn. deficit by that
amount.
The intention is to mislcad the public
and make 1t think that the reduction of tie
deficit is dLe to an increase in tie Gus
toms receipts. Willie thus using the
Union Pacific receipts in this way the
Department refuses TO use as an eXpan Ii
ture, something like 100000 900 Of Pa
cific Railroad bonds tfat will lie due and
eayable next month.
orders have been Issued to simply de-
duct this amount from the available cash
balance in the book keeping account.
The dupicity of this methods is apparent.
A study OF the legitimate Figures shows
what failure the Dingley law has been.
TIE act becama law Jnly "a, 1897, and
its effects first became apparent in the
Treasury operations August 1, Comp lang
the Treasury deficit HoI tn, past two Yeas
on August l, these figures are shown:
Year. Deficit
August / , 1896. 81 3,6lS, 900
August 1 1Sa7........... -. IL, ,43O,o0U
After the Dingley act la h-en In opera
ton 70: nearly five mouths, the deficit, ex.
clutling the Union Pacific receipts, as com
pared with the game date under the VIII
son bill, is:
Year. Deficit.
December 90, 1s96.......... SAL sos 900
December 90, 1897. $3.50 600
trner exposition OF the operations Of
the Dingley act, as compared with the
Wilson act, is shown in the custom receipts:
Since July l 10 date Eeceipts
Wilson act, 1856 .......S63, ,S92 600
Dinghy sCt, 1897 .......... 5s, ,lS2, 900
Under The operat ions of the DinGley act
provision permitting whiskcy to lie iottled
In bond stimulating the sale temporarilyin
that article, the receipts from internal
revenue have increased over a like rerod
covered b, the wilson act. This is shown
thus:
Since July to cate Tcoeip.s.
Wilson act, 1896 ..............S1 4i9 500
Dingley act, 1897 ....-....... so, ,2l2, $40
Receipts from this source are now falling
off and resuminG their normal condition.
Treasury expertc consider that 4 fair and
true test of the operation OF a tariff bill
must certainly be shown after five months
Of trial, and IL it is to be revenue
producer or deficit producer it Will appear.
Taken IL this light, compared with the
first nineteen days OF December under the
Wilson uct, the Dinsiey act shows:
December nineteen days Receipts.
DingleT act....-............. II ,434 900
Taken in any light OF any view. Treasury
figure: do not show that the Dingiey act,
with its high duties, is producing as much
revenue as the Wilson act, with its low
duties, while expenditures are increasing
and show for the fiscal year 1887, 10
date, ali excess OF expenditures over the
corresponding period OF 1895 of nearly
$40, ,O0C 900.
1t is trese figures that are Confronting
the administration and inducing Secretary
Gage to SO manipulate the Treasury BOOK
keeping accounts. Though the Pacific Rail-
road payments, as to cover up, If ne cannot
wipe entirely ont. the deficit produced by
the DingIey tariff act.