The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-07-02
TREASURY ON SOUND BASIS.
THE DEFICIT FOR THE YEAR IS
ONLY SSS,S7J.0Sy.


The Available Cash Balance In the Treas
ury IL aeSI $3.50, 4GS - DeductinE Re
"ripts from the Pacific Railroads. III"
Deficit Is Less Than Tint of Last Year.
WAsHISGToN. July 1-Although the Govern
ment has incurred during the fiscal year which
closed yesterday large part of the enormous
expenses Of II foreign war aud has been called
on for large expenditures 81 money to put
down II rebellion IN distant part OF the world.
vet tn" extraordinarily large receipts OF the
Treasury from customs and from internal toN-
alton have enabled the nation to enter the new
year OH q suunirr financial basis than has rN-
listed in some yenrs VI peace.
The official statement Of receipts aud eN-
prudturcs for June 80. published by the Treas.
ury Department to-day. completes the record
for the fiscal year. This shows that the deficit
On account Of the last twelve months is SSs.
STJ,!GS!'. the receipts from all sources having
been S5lG.2lG.7+I and the expenditures
EbU5.ON2. Ii4 The national debt n year ago
amounted to ~ ~. II3.o02 To-day it
is Sl,4H6, IuV,1u3; so that tho Govern
ment owes moro by S2U3n1TDil than
II did on June 20. lSHS 1t is to he
observed, however. that the available cash
balance IN the Treasury to-day is S2Sl .|Su,
ttis. or S1j,I-2,%'S greater than it was u year
ago. About Sl!S. 5OO,OOO on account ~ tho
war bond issue OF 1904 has beon paid into the
Treasury. The deficit OF See| so! ~, this year
Is really smaller than the actual deficit VI last
year, the nominal figure Of S3S. o4I,241 having
been reached only Ivy the receipts from the Pa
cine railroads.
Treasury officials suggest that comnari.on
OF the fiscal year Just ended with that Of 1894
dcnr' was t,s. so3 300 and the bonds issued
during that year amounted to SNi l25,OOp.
let that wa5a year Of pence. when the expenses
Il thu Government were merely nominal In
this recent year nt war. with the attendant
extraordinary pNupug,N the bond l,SI
really .Sl!A1up,UOo and til" deficit is only
s at 5s f} Hf 4 Il. II. o @s
issued last wear hear interest n only 3 per
/ cent, Will" these issued in 1854 bear interest
mont. even with III" special war revenue taS"s
left out OF account. are larger 10y far than they
Treasury Department officials have, been
! careful in the expenditure OF money during
| bnrsomcnIs having been held back FOR the
| purpose, apparently. Of making rs good
rn"% and a. sSf az t@ eHn % III sne nse
! month"; therefore. arc expected to lie heavier
than in juno. Any disbursements that
| to be made. and the quarterly pay
m"nI %t n'eGGst o6 on Goo bond. VII sm9 onH
! The pension payments will probably amount
! to something IKE Sl3,OUO.UOU. which il about
$4,000. oD9, more than the aggregate payment,
n June. The expenses Of the military estab-
few weeks ON account q tn. prospective pay
Gently engag"I in the Philippines. and be-
"a,nrr, o: the purchase OF equipment and
new T"'nn'eorS soon /" be- sent to Tie
Far fnSt. Secretary cage and the Administers
oiNvrtnmCnt viii lie a6Ie,io pay It's .xpsnses
during tn" coming twelv9 months without
sJ 10 an Th" q or o
the month Of June Just past account in very
large measure FOR the favorable showing at tile
Tho expenditures in detail OF the Govern