The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-01-01
.D|ACLEy FIGURES IT OUT |
Confident the Receipts Are Going
to Exceed the Expenditures.
DEFENDERS BIG BOOST
Notwithstanding the January and Feb
ruary Interest Payments, the End of
the Fiscal Year, He Says. VIII
Show a Surplus.

Washington, Dec. 31.-Chairman Ding
ley of the ways and means committee
furnishes the associated press the fol-
lowing statement of the revenue out
look:
The revenue for December shows an
increase of more than 81, 900 over
that of September, and even exceeds the
expenditures for December nearly
1.75C, 00o. TIL official figures for Decem-
Der Excluding the $3l, ,204 received
during the month on account of the Pa
cific railroads sale and the 100000 paid
out to qualify the government repre-
sentative to bid in the sale of the Kan
sas Pacific make the receipts $27 .03l ,494.
expenditures $26, 1876 900 and surplus
81. 1885, 9i The receipts in December,
1894. were nearly s22. 90 900; in December.
1895 they were $40, 000, 900, and in De-
cember, 1896, little less
This surplus for December, 1897,
arises from the fact that there have
been almost no interest payments for
the month, which make the expendi-
| lures below the average. In January the
| quarterly interest will be due, which
| will swell the expenditures considerably
above the average and leave deficiency
for that month, Notwithstanding that the
revenue will probably rise to at least
| 500, 900 000, and possibly more.
ION the basis of this estimate of the
| secretary of the treasury that the ex-
| penditures of the present fiscal year will
| be S373, DOC, 900, little more than 5000
100000 having been already expended,
/ the average monthly expenditures for
| the six months beginning Jan. | Will be
/ about $29, 000, 900, as the expenditures for
the first half of the fiscal year are con-
siderably 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 the liza
bilities of the previous fiscal year
There is no doubt in treasury circles
that the revenue under the new tariff
| law from January to July l VIII exceed
| in the aggregate the expenditures of the
same period Notwithstanding that Jan
uary and February the two months for
| the payment of quarterly interest, will
show balance on the wrong side.
THE revenue was only $l9, 900 900 In
August (S17, 900 from customs, in con
sequence of the large importations be-
tween March and July "a in anticipation
of the new TARIFF 1t rose to $20,0000 0t
In September (SS,0 900 from customsl
to $24, 600. 900 in October $50. $50, 900 from
| eustoms), to $25. 900, 600 $50, 100, 900 from
| customst in the short month of Novem-
Der. and now rises to nearly $2S.000 o0t
In December fS11 ,5000 900 from customsl
This increase will so on as the goods
imported In anticipation OF the new
tariff are consumed. Indeed, the IN
crease of revenue to which the present
consumption of imported sugar and WOO
| of classes one and two entities the treas.
bury has only begun to be felt as t
sugar, and as to wool will not be ma.
terially felt for several months. ThS
increase in the receipts from the in
| ternal revenue taxes are due To the pro,
visions Of the new tariff ab0lishing tht
discount on beer stamps and increasing
the tax on cigarettes and TO the bottline
law passed by the last congress. in con
neetion with the Improvement in bust
ness.
while the apparent deficiency for thu
first half of the present fiscal year hai
been about $44. 900 fthe revenue HAVING
been nearly $158. 100000 and the expendi
lures 500, 900 000) yet 1t will be oh
served that this would have been almos
wiped out by the s3S, 900 of revenu
received from March 10 July | from i'm
portations in excess of the same periot
of the previous year. in anticipation o
the tariff, and intended for consumption
the present fiscal year, which reNenu
was necessarily placed at the credit o
the last fiscal year. but in equity be
longs to this fiscal year. And this doe
not take into account the absolute los
Of revenue arising from anticipator,
legislation which the treasury has al
ready experienced and will take seVera
months To experience in less degree,