The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-01-01
DEFICIT SfS,3GI 300
The Revenues for the Inst SIX Months Fall
w Enr short OF MreiInE the Enpenars.

The Revenues for the Inst SIX Months Fall
NJ Far short OF Nrciing tho Erpen"es.
WASHINGTON, Dec. 3l.-Tho receipts Of tho
Government for the first six months Of tho cur
rent fiscal year show an excess over cxprndi.
lures of $95 ,454. The payments on the Union
Pacific account are. OF course. included in tho
total receipts. Excluding these payments tho
deficit would be $44, 1854, 900. against $3D,295..
73l for the same period last year. The surplus
for the month OF December Is 81. 1854 d.
Chairman Dlngiey OF the Ways and Means
Committee makes the following statement re-
garding the condition of the Treasury after the
first five months Of the operation of tho law
bearing his name.
9TH revenue for December shows an increase
of more than So, 500. 900 over that OF November
and 81, $780, 900 over that OF September. and
oven exceeds the expenditures for December
nearly 81 1880 900. The official figures for De-
cember Excluding tho $3l, 715.2O4 received
during the month on account Of the Pa.
cihc Railroad sale. and tho 5000, 600
paid out to qualify tho Government repre-.
sentative to bid in case of the sale OF tho
Kansas Paciic) mako the receipts 1877. 93l ,454,
expenditures $26. los, 600. and surplus 81 1885,
Asa. This surplus, however. arises from tho
fact that there have been almost no interest
payments for the month. which makes the eS-
Quarterly interest will DO due, which will swell
the expenditures considerably above tho aver
% %|sn sna lfnx9 'b q d as9snnS yw fHT n 1hS .nSTth Ris nG to-
al. least $2g. ooo. 900 and possibly more.
4 little over over 500, 100000 having Ssen q.
lures for the six months beginning january
will be about 800. 900. 900. as The expenditures
ABLY ADJ ~" larger t i a. those " for tie ella last Il half. on Sra ac.
count OF the susp' nsion of many public works in
tho winter season and the large July payments
Of liabilities of the previous fiscal year.
tho revenue under the now Tariff law from Jan.
/ toJuly l will exceed in the aggregate oxpendi-
lures for the same period. notwithstanding
January and possibly April, the two months for
payment of quarterly interest. will show a bal
revenue Was only 3d. 900. 900 in August
t$7.0o0.o0O from .%cnstomsh In consequence Of
the large importatiOns hctween March l and July
26 In anticipation of the now tariff. II rose to
$22. 900. 900 in Sept, mbrr t$S.000.00o from Gus
four,lis millions IRON, customsl. to S25. 600, 900
mime and thrcc-:ourths millions from customs,
In the short month OF Sovemocr. and now rises
to $2S 600. 600 in December eleven and one-half
This increase will 30 on as tho goods i'm
ported in anticipation Of the new tariff are con-
stunned. Indeed. Tho increase, Of revenue to
which the present, consumption OF imported
the Treasury, has only begun to be felt. and as
to m sn ,Sr,,, III M" M, ,o ns sc TO- w Month viii The mot 10!
creased receipts from internal revenue taxes
are due TO the provisions OF the new tariff ato!-
ishinG the discount on beer stamps and lnrrcas-
inC the tax on cigarettes. and to the hoitling
law passed by tho last CONGRESS in connection
with the Improvement in business.
While the apparent deficiency for the first
hnlf of the present fiscal year has been ahout
Sl5s. 1000. 900 and the expenditures $2u2,-
00O. OOOI. yet it will be observed that this
would have been almost wiped out
by the thirty.eight millions OF revenue received
from March / to July l from importat!ons in
excess OF the same period O. the previous
year. made in anticipation of tho new
tariff and intended Tor consumption the
necessarily placed 10 the credit OF the
last fiscal year. hut in equity belongs to this
fiscal year: md this does not take into account
the absolute loss of revenue arising from antic-
ipatory importations which the Treasury has
already experienced anl will continue for sew
erdl months 10 experience in n less Degree