The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-01
REVENUES GROW STEADILY.
rnaEy IssIEs A STATEMENT A
TO THE OUTLOOK.
a.iou Pacific sale. show Receipts
- 81. 03I .f9f and n Surplus of 81
Observation-Disclosures for the Year.

WASHINGTON, Dec. S--Chairman
,ssxssy Of The ways and means commit
faraishes the Associated Press the
ss.s..sng statement OF the revenue cut
hok:
...sase of rrIote than &. 800. go over that
= seasemher. and even exceeds the ex-
s.~sg.s,res for December nearly 81. 551 Co.
.srne Official figures for December lex
.,,,sng the 81. .2ot received during the
-snts on account OF the Pacific railroad
- and the $3.50 600 paid out TO qualify
=. uoysrnnent representative TO bid In
- ssls OF the Kansas Paciflc). make the
s.sss,,ts gre 81, expenditures i2s la5, 90.
- surplus 81, 1875. Isl The receipts in De-
1870. 1894 were nearly $50 90. go; In
n@rsr,ber, 1896 they were s20.eo0e. and
Z r,eaember, 1896. d little less
ssrhss surplus for December, 1881. arises
A~rn fhe fact that there have been al
80 no interest payments for the month.
49,, makes the expenditures below tie
.vsrazs. In January the quarterly inter
=. Mi be due, which will swell the ex-
ssndg,ures considerably above the aver
- and leave deficiency for that
,sonfh. notwithstanding the revenue will
srobably rise 10 at least 5000. and
possibly more.
syju the basis o. this estimate OF the Sec
....yv of the treasury that the expentti-
,.,e. Of the present fiscal year will be
"a 10 zoe. a little over 500. go go having
sIrsady been expended. the average
-aufhiy expenditures for the six months
s.rtnnins January will be about see 11s1-
"a n the expenditures for the first half
= The fiscal year are considerably larger
ss.n those for the last half. on account
= the suspension OF many public works
n the winter season. and the larger July
payments of liabilities of the previous rs
csI year.
There Is no doubt in treasury circles
that the revenue under the new tariff law
froni January to July will exceed in
ne aggregate the expenditures of the
arne period. Notwithstanding that January
and February. the two months for the
nsymen. OF quarterly interest. will show
balance on the wrong side.
The revenue was only 1860 600 in Aug
Mt Cl700a,0f0 from customs, in conse-
easnce OF the large importations between
March and July "a In anticipation of the
Few tariff. II rose TO s20. 600 go In Sep
.snsber l$s.0d0.el0 from customs). 10 s2i Goa.-
~ In October 60 80 90 from customs): to
tnn11f go. TO coo from customsl I'm the
short month OF November: and now rises
10 nearly ses 10000 In December tsai. 500. 900
from customs).
This Increase viii go on, as the goods
imported In anticipation of the new tariff
are consumed. Indeed. the increase OF rev.
engs TO which the present consumption of
imported sugar and wool OF classes and
tatsfle the treasury has only begun to be
ftll a. to sugar. and az to wool will not
b. materially fel; for several months The
Increase In the receipts from the internal
revenue taxes Is due TO the provisions OF
The new tariff abolishing the discount on
beer stamps and increasing the tax on
cigarettes and 10 the bottling law passed
By the last congress. in connection with
the Improvement In business.
While the apparent deficiency for the
afst half OF the present fiscal year has
been abou, s44. 900 90 tthe revenue having
been nearly si5s. 900 tspo and the expenditures
~ 0t6). yet II Will be observed that
:his would have been almost wiped ont by
he 81. .1f9 OF revenue received from
March to July from inportat,ons In ex-
sess Of the same period Of the precious
fsSaI year In anticipation OF the tariff and
Intended for consumption the present fiscal
year which revenue was necessarily placed
al The credit OF the last fiscal n, hut in
equity belongs to this fiscal Ssar; and this
does not take into account the absolute
lass Of revenue arising from antiepatory
kgslation. which the treasury has already
ssperieaced. ard will take several months
% experience In n less degree"