Shiner gazette. [volume] (Shiner, Tex.) 1893-current, 1898-01-05
REVENUE OUTLOOK.
Statement of Chairman Dingley of the
Mays nnd Means Committee.


Ways and Means Committee.
Washington, Jan. 2.-Chalrman
Dingley of the ways and means com
mittee, furnishes the following state
ment of the revenue outlook
THE revenue for December shows
an increase Of more than $2,50000O
over that of November, and S5,I50000
over that of September, and even ex-
ceeds the expenditures for December
nearly $1,750,OOO, The official figures
for December, excluding the $31,7l5,-
204 received during the month on ac-
count of the Pacific railroad sales, and
the 100000 paid out to qualify the
governments representative TO bid in
case of the sale of the Kansas and Ia
cific property, make the receipts ST.
93l, 494; expenditures 26,195,000 and
surplus 81, 1864 The receipts in De-
comber, 1894, were nearly 100000;
in December, 1895, they were S26,O0O,-
900, and in December, 1896, little less.
This surplus for December 1897,
however, arises from the fact that
there have been almost no interest
payments for the month, which makes
the expenditures below the average.
In January the quarterly interest will
be due, which will swell the eXpendi-
lures considerably above the average
and leave a deficiency for 3the month,
Notwithstanding the revenue will prob.
ably rise to at least 500, 100000, and
possibly more.
"On the basis of the estimate of the
secretary of the treasury, that the en-
penditures for the present fiscal year
will be 1878, 900, OOO-a little over $780,
600 900 having already been expended
the average monthly expenditures for
the six months, beginning Jan. l, hall
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 present fiscal year. There Is
no doubt in treasury circles that the
revenue under the new tariff from
Jan. to Feb. 1 will exceed in the as
gregate expenditures for the same pc
Rod, notwithstanding January, and
possibly April-the two months for
payment of quarterly interest viii
show balance on the wrong side. The
revenues were only $19,O00,OOD in Au-
gust (S7,OO0,OOO for customs), in con-
sequence Of the large importations be-
tween March and July "a, in antici-
patton of the new tariff. 1t rose TO
1000 GOO in September ($3,OOO,oco
from customs) to $24000,0O0 in Octo-
Der ($97500 900 from customs), to S2o,-
600 900 (S9,750,OO from our landl, in
the short month of November and
now rises. This increase will go on
as the goods imported in anticipation
of the new tariff are consumed, In
deed. the increase of revenue to which
the present consumption of imported
sugar and wool for classes l and :
entities the treasury, has only begun
to be felt as to sugar, and as to wool
will not be materially felt for several
months. The Increased receipts from
internal revenue taxes are due to the
provisions Of the new tariff abolishlne
the discount on beer stamps and In
creasing the tax on cigarettes, and tc
the bottling law passed by the last
congress in connection with the I'M
provement in business.
"While the apparent deficiency FOL
the first half of the present fiscal yea
has been about $44, 100000 1.-THE revenue
having been nearly $15S,0OO,OOO and th'
expenditures s2O2 ,OOO,O0O), yet it viii
be observed that this would almos
have been wiped out by the $SS,OoO,oo
of revenue received from March 1 t
July 1 from importations in excess O
the same period of the previous year
made in anticipation of the new tar
if and intended for consumption tn
present fiscal year, which revenue wa
necessarily placed to the credit Of tn
last fiscal year. And this does not en-
ter irto account the absolute loss o
revenue arising from anticipatory i'm
portal ons, which the treasury has al
ready experienced and will continue TO
severed months to experience in
largo degree"
Armor Plate.