The Washington weekly post., 1899-06-20

F.- .H. Hr so tIEf the OeNFif Is, gam
.-aEr- ln round numbers, l1lloJ,0t. Il
frur 10 reckon accurately, but the
.ursh..i-rs are that not more than 81
sEU. perhaps not so much. will bc added
r..rs rhr close Of this month. This IL
smaller by perhaps 100000 tnaa vas an
-r.az,ad. the difference being due 90 in
creased revenue both from customs and
internal taxation, a fact which IL natural
j Sraufying."
Revenues Egualing Expenditures.
care The receipts now keeping pace with
ihf eypeudirures2'
'Tl." was the reply. "On the 2ist day
rt s-r December the deficit was So 5o5, 6li.
Wr have paid in the interval the Spanish
Indemnity OF so 0G0 OO0, and the difference
between the dcfCit al the close of this
month and the close Of last December is
Just about that sum. During the plsi six
months. therefore, the receipts have been
.g-r about equal 20 the expenditure. Il
.- reasonable to assume that the balances
fHr The future Will be in favor Of the rev
,..s AS against the eXpendituTas. We
,u certainly look forward To the next iis-
,aI year lu the belief that there Will be
Deco addition 10 the deficit. and with con-
-uUai prosperity in the country, a is
now quite certain, there ought 10 he a
considerable reduction. The receipts Of
rHe government will be affected 10y the
imports which, with general prosperity
will Us likely 10 increase, and also by the
industries and business which arc reached
lE The internal revenue taxation. ii is
easy 20 see how the revenues cannot fail
I1 keep up 10 the present STANDARD, and
probably 10 grow very mdterially At the
sam. time however there VIII not be
Bay reduction In the internal revenue tax
alton next year, nor any lowering Of Gus
toms rates"
The maximum expenditures of the |
government for the war have, OF course. |
been reaChedr'
Most assuredly," WAS the answer. The |
expenses or the navy have been very
greatly reduced from the maximum fig !
Ur75 Those OF the War Department have |
ALSO been reduced though not 10 the /
same degree. because large armies are 1
-r.l kept iu the field, and The outlay for /
subsistence and pay is still continued /
sim. thr decrease IS very appreCiable. |
For instance, the war expenditures for I
tar siA months ending December 81 were /
fU round numbers Sl6,uoGH while since /
in.u up 10 The present Time they have |
only been little over SSl 900 G01. We had /
frIi the reduction of the navy eNpendi- /
lures before The close Of December. on /
n. Hsr of rhaI month they stood al $36.- /
0"W" while from that date until this /
evening only &6,t6o00 have been spent"
Gold shipments Not Alarming.
"I- there amy occasion for alarm in the /
god shpmout~@'
"No- ar all' said Mr.. Roberts, emphat- /
i,aiF. SO far, the gold which has been
I9ey have presented To the sub-tredsurer 4
'n New York receipts for gold deposited. /
aat have taken their own coin for ship /
mont such receipts in their excess were
due lo The demand of the Spanish ia
d.muIJy. Al least three-quarters # the /
om"uuI OF that indemnity has passed in .
material form out oil the sub-treasury.
Perhaps the sum Of N.00u 600 may stiu
main m tA- form Of these receipts, /
1HH.. 'o Doe taken by the banks which I
"NH them ln gold fo- export. should that !
Do" necessary. In any event. the very
..f-. additions to ,ar volume of gold
'n i..s country can Do. oTaWn upon for the
settlement OF any foreign accounts with
"t' disaster 10 our trade OF commerce Cr. !
indeed without seriously increasing The
.... d" interest Ia The great financial
,enr,r-"
H'' has not great deal Of gold gone |
"'''ai Z" pay for American securities
N".a foreign holders have sold at the
I'" high prices.
Naturally, replied Mr.. Roberts. "if
London Paris ami Berlin want monny.
..'t VIII sell the stocks which are mos; /
.'..l.. Ia' upon the market and which
.t 'N The largest profit So long rs
..' I"''l-#'r~ buy cur stocks Whenever I
...t .''. any pinch they will rcaliZ. their
' r." 'ttl lu their money; bu5 1T
... sam. time thar these transactions I
..... .rrH going on there have been very /
.'t"UIi> ot other securities ulacad
'.."." .. 'ND great combinations OF con- Z
N"". aHu ~trrl and IN certain of our T
.'-. rH That the conditions have been
....r .aaa 'Nyn-d up
\ >ausf.ctory Outlook.
~" "7 tar whole you regard the pres
ont. situation and tae outlook as very sat
.'.......'
... national finances" said Mr. Rob
.- repeating the sentence already quot
wen. never BOO e. condition so salts
Factor" -l. so sound a. al the pr,se,-
'.' o.. tar I.n largest part of the rc-
.. '|- Treasury arc now i'm gold
'". "' iHr balance tonight OF ks
''...- ..-, Than SE-.11l O75 Is gold coin.
o.. OH. a'rN, any outstanding gold Ger
THIS amount Was exceeded on
H.'| -. whom the maximum reached
Treasury was recorded S2l6. .g1g .Ul6
"... .H. ..m.mbcr that since that time
..rai.. indemnity o. X20.OJ1.O0O has
'... ...- r.m of $-a.GnU1J is greater (
r,,. .'s-uIy bias ever held above
H'0'.. "'.- f.uEs'