New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-09
THE REVENUES INCREASING.
MR.. DOCKERY'S ESTIMATE OF THE DEF
ICIT NOT TAKEN SERIOUSLY.
ONE wELI~KNOwN FACT WHICH HE OMIT
TED TO MENTIONING PROSPECT
OF A BOND ISSUE.
fRY TELEGRAPH TO THE rnIsUNE.l

Washington. March s.-As soon as practicable
after the adjournment OF Congress Mr. Dockery.
OF Missouri. appeared At the Treasury Department
with a beaming countenance." one who saw
him expressed It. and gleefuly informed officials
whom he that next years deficit would be at
least 800 10000 instead OF 100000 the Secre-
tary had estimated and that the "rotous appro-
priations" OF ME Lvth Congress would undoubtedly
make It necessary for the Government to borrow
more money, either bonds or by Issuing GER
tlhcates OF indebtedness. before July I. 1900 Old
and experienced Treasury officials. however learned
several years ago to take Mr.. Dockery's financial
estimates and predictions with a very large grain
OF salt. and their equanimity not disturbed on
this occasion As OF them to-day remarked
TO Tribune correspondent:
Mr. Dockery was simply mistaken again. he
had often been before. or course that Is the char
and forecast. He probably forgot TO mention or
take into consideration a fact which IS AZ well
known to him It Is 10 the officers Of this De.
pertinent. which is that great many millions OF
thu money appropriated by the last Congress will
come Revenues for the current fiscal year
running fully up the estimates and expenditures
IS no apparent reason 10 suppose that the estimates
OF revenue and expend. lures for the next hscal
year VIII not turn out TO be substantially correct
The estimated revenues for tho current fiscal
year mot including postal recoipts) amounted TO
s4s5 90 OO0 and the estimated expenditures excud-
Ing postal disbursements) 10 $97 000 co., leaving an
estimated deficit FOR the year OF $ll2WOW0 Tho
receipts for the first two-thirds OF the fiscal year
mot including postal receipts amounted to S325.-
4l4O0 Indicating a total for the entire year OF
Siss 100000 and the expenditures amounted TO $iA-
529 co., indicating a total or the ratio should be
kept up at the same rate Of about p6N,0DWo Tor
the entire year But there is every reason 10 be-
le,e that the ratio will continue 70 diminish. The
total expenditures for February amounted TO about
s44OO0COO which was at the rate OF only S82cOcOo
year Treasury official said to-day that ne did
not think the years expenditures would exceed
s6O5 100000 which would be 100000 In excess Of
the estimates.
The customs revenue OF the year was estimated
al SIPS 10000 and the receipts for the first Two
thirds of the year amounted to S30S6 600 at the
rate OF 1896 10000 a year The revenues from this
was expected and fully justify the estimate OF
800 100000 for the next fiscal year. Inc Internal
revenue receipts for the first eight months or the
year amounted 20 SIS $4,000, indicating total Or
more than SOS 100000. against estimate or XlO-
GEO 90 FOR the current year and S2s5vDVO TOT next
year The estimate Of revenue from mi5cell neous
sources was 100000 and this amount Will prop
ably be exceeded by 81 100000 100000, the re-
ceipts for the first twO-thrds or the hscal year
having amounted to Sl6.0IOO00. -
The customs receipts to-day amounted 10 sl,Ioo-
49, and for the first eight days Of the month On
Guiding one Sunday the total amounted TO So,8L-
2l8 which was 1881 coo more than the internal rev
enue receipts for the same period. Some or the
Treasury officials Of the opinion that customs
dutiea will Weld more than $2O0o0OO this month,
which would be gain over February OF more
than 100000