Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1898-01-01
THE REVENUE OUTLOOK.
Congressman DinEley Furnishes q
Interesting Statement to the
tod Drn.s

interesting statement 10 tne
Associated Press.
Washington. Dec. 31.-Chairman DinSley.
of the ways and means committee. fur
nishes the Associated Press the following
statement of the revenue outlook:
THE revenue for December shows an
increase of more than s25OO.ooO over that Of
September. and even exceeds the expendi-
lures for December nearly 81, 10000.
''The official figures for December lex
Guiding the S31, ,7l5,2H received during the
month on account of the Pacific railroad
sale and the 10000 paid out to qualify the
government representative to bid in case
OF the sale of the Kansas Paciiic) make
the receipts S27,931, ,494: expenditures. s26.-
195.O0o and surplus. s1.736, ,49i. The receipts
in December. 1894, were nearly 81, 600: in
December. 1895. they We're s26.0OO,oOO. and in
December, 1886. little less.
This surplus for December, 1897 how
ever. arises from the fact that there have
been almost no interest payments for the
month. which makes the expenditures be-
low the average. In January the quarterly
interest will be due, which will swell the
expenditures considerably above the aver
age and leave a deficiency for that month,
Notwithstanding the revenue will probably
rise to at least s29.O0O,OO0. and possibly
more.
On the OASIS OF tnlS eStlHdte VI tHe
secretary of the treasury that the expend-
itures for the present fiscal year will be
sS13, 900 Goa little over s20O.0O0.O00 having
been already eXpended-the average month
ly expenditures for the six months begin
ming January / will be about $29, 000,O0O, as
the expenditures for the first half OF the
fiscal year are considerably larger than
those for the last half, on account Of the
suspension of many public works In the
winter season and the large July payments
Of liabilities Of the previous fiscal year.
"There is no doubt in treasury circles
that the revenue under the new tariff law
from January l to July l will exceed in
the aggregate the expenditures for the
same period, Notwithstanding January, and
possibly April-the two months for the pay
ment of quarterly interest-will show bal
ance on the wrong side.
1.-The revenue was only $le.00O.OCO In
August (S7,O0OOO0 from customs), in con-
sequence of the large importations between
March / and July "a. in anticipation OF
the new tariff. It rose to s22. 100000 in Sep
tember GSOO0.0Oo from customs): to s24. 600. :
600 in October (s9.75O,OO0 from customs); to
s25. .0O0, 600 (9,750000 from custcmS) In the
short month of November; and now rises
to nearly s2SOO0, 900 in December (s11, 500, ,000
from customs).
This increase will go on as the goods
imported. In anticipation of the new tariff.
are consumed. Indeed. the increase of rev.
enue to which the present consumption of
imported sugar and wool. of classes one
and two entities the treasury, hiss only
begun to be felt as to sugar, and as to
wool will not be materially felt for several
months. The increased receipts from in
ternal revenue taxes are due to the pro-
visions of the new tariff abolishing the dis
count on beer stamps and increasing the
tax on cigarettes and to the bottling law
passed by the last congress-in connection
win the improvement in business.
while the apparent deficiency for the
first half Of the present fiscal year has been
about SA. 600 9TH revenue having been
nearly s15s,OOo,0Oo, and the expenditures
500 900. COO. yet it will be observed that this
would have been almost wiped out by the
$38. .00O 900 of revenue received from March
/ to July /, from importations, in excess
of the same period of the previous year
made in anticipation of the new tariff and
intended for consumption the present fis-
cal year, which revnue was necessarily
placed to the credit of the last fiscal year
but in equity belongs to this fiscal year
And this does not take in account the abb
solute loss of revenue arising from antic.
ipatory importations which the treasury
has already experienced and will continue
for several months to experience in a less
degree"