Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-01-01
REVENUE OUTLOOK.
krATEMENr FOR THE PRESS FROM
CHAIRMAN DINGLEy.
SURPLUS FOR DECEMBER.
This. However, Arises from the Fact
That There Were Almost No In
fcrest Payments Daring That
Month-Thc Anticipatory Imports.

WASIuN sTON. December I.-Chair-
man DIuglcy. Of the Ways and Means
Committee. furnishes the Associated
Press with the following statement OF the
revenue outlook.
..Thc revenue for December shows an
increase OF moro than two and a half
million dollars over that OF November,
and five and threo-fourths millions over
Tint Of September. and even exceeds the
expenditures for December nearly one
and thrtc-fourths millions The Official
figures for December (cxcludins the
S1T5.s04 received during the month on
account OF the Pacific railroad sale. ana
the 100000 paid out to qualify the govern
mont representative 20 bid I'm case OF the
sale OF the Kansas Pacific. make the re-
ccipts S27.e8i i9f. the expenditures &6'ls''-
90 and the surplus si,7s6.i9i. The re-
CENTS I'm December 1894. were nearly
twenty-five millions; I'm December. 1870
they were twcnty-six millions, and In De
comber. 1896. a little less.
..'rhis surplus Tor December. 1891, how
over arises from the fact that there
have been almost no interest payments
for the month. which makes the cNpendl-
lures below the average. In January
fine quarterly interest will be due. when
viii swell the expenditures considerably
above the average, and leave a deficiency
fo~ that month Notwithstanding the
revenue viii probably rise 10 az least
twcutv-nino millions, and possibly more
.On the basis Of the estimate Of the
Secretary OF the Treasury that the eN-
ucrfturcs for the present fiscal year WIZ
lie Ss13U00eO-a little over S-''V'V'V'V
having beer already expended. the ave-
rage monthly expenditures lor inc -
months beginning January LIST VIII DE
ohout twentv-nine millions. as the eN-
nenditures for tho first half or the nscdl
wear are considerably larger than tho7e
for the last half. on account or me Hu9-
PENSION OF many public works M the Wiz
Ter season. and the large July payments
az liabilities Of the previous hscaI yer.
There is no doubt in Treasury circles
shat the revenue under the new tarlI
law from January lst TO July ISL VIII tN-
coed in the aggregate the expenditures
sor The same period. Notwithstanding
January and possibly Apri-the tWo
months for payment OF quarterly inter-
est-wiU show balance on the WlOIS
side.
STEADY INCREASE
.srhe revenue was only S9.oO0oo) IN Au-
gust G7O0eO from customs), in cohse-
oucnce az the large imports bet"se"
March 1st and July 2ith In anuclpa1lon
az the new tariff II rose TO >-z'VV'VV
fn sentember (SS.C0OO0l from customs 10
sa,0o0cl0 I'm October E9775.ooO from Gus
fculs). 10 S25.0o0OOO C9T5.Ooo from Gus
tomo I'm the short month Of November
end now rises 10 nearly SSoV.V0 III De
comber (Sl1J00co0 from customs).
.This Increase will 80 ON as the goous
imported i'm anticipation Of the new tariiI
are consumed Indeed. the increase OF
,evenre to which the present consump-
zion of imported sugar and wool Oh
classes one and two entities the urea
,rv mas Only begun 20 be fci- as 20
spcar and as TO wool VIII not
D.. materially felt for several months.
The increased receipts from inter-
ral revenue taxes are due 10 the
provisions of the new tariff abohshhs
the discount on beer stamps ana IN
creasing the tax on cigarettes. ana 10
the b0tiling law passed by the last Noi'-
gress. in connection with lho lHiP'
ment in business
"NChua the apparent deficiency for the
first half Of the present fiscal year mas
been about 100000 Ohe revenue having
hem nearly Si5SOlO000 and the eXpeLdi-
lures !-oOo00W. yet il Will be observed
that this would have been almost wiped
ont bv the S3SGOO0O OF revenue received
fror March lst to July LIST, from i'm
rortations in excess Of the same PAID
Tor the previous year, made In antcipa-
ton OF the new tariff, and intended Tor
consumption the present fscal year
which revenue was necessarily placed 10
the credit of the last fiscal year. but IN
eouitv belongs 20 this fiscal year And
mis- does not take into account the abb
solute loss of revenue arising from an
ticipatory imports. which the treasury
has already experienced. ard VIII con-
tinue for several months TO experience
En- Jess degree