The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-06-22
UNDER A HUNDRED MILLION.
CALCULATION OF THE TREASURY
DEFICIT FOR 1890.

without the War Expense, the
Amount Received From the Reve-
nue. Tax and the Amount From the
Central Pacific Railroad, There
Would Have Been n Surplus of
S2O,OOO, ,OOO-War Tax VIII Net
S1OO,OO0,OOO.
Washington, June 21.--It Is regarded as
a conservative estimate that the treasury
deficit for the fiscal year 1899, which closes
ten days hence, win be less than Sl00,00O,-
OOO
Already the receipts OF the year ag-
gregate over $49s. 800 900, with the expendi-
lures barely $1O0,O00O0O more, with ten
days, judging from past years, of abnor-
mally heavy receipts yet to be accounted
for.
During the year there have been two
heavy calls on the treasury, and one
large payment which could not have been
foreseen one year ago.
In March the government received S1I,-
79S.3l4 on account of the settlement of its
claims against the Central Pacific Rail-
road Company. During the same month
$3,00O0O0 was drawn out to pay off the Gu
ban insurgent army and in April $40, ,OOo,-
900 was paid to Spain In settlement of
treaty obligations.
Leaving these three items out of the
account the deficit this year would not
have exceeded $S9,OO0,O0O.
Up 60 this date the customs receipts
amount to over $500 100000: from internal
revenue. $263, $50, 600 was realized, and from
miscellaneous sources there was received
S5,50OOOO
During the whole of the fiscal year 1898
the receipts from customs barely exceeded
Sl49,50O,0O0, and from internal revenue less
than $171,O000O0. The total receipts from
all sources amounted to SiO5 S21, 1886, while
the expenditures aggregated $44S,36S S5s2,
leaving a deficit of $SS ,247.
This year the expenditures will exceed
those of last year by about Si65, 900, 900,
while the deficit bill viii be about $4,000
OOO greater than last year.
From the War Tax.
From the closest calculation that can
now be made, the war revenue act, which,
with the exception of a few Items went
into effect July 1. 1898, will realize for the
year a little less than Sl00.000O00. The
receipts from tobacco alone will probably
show an Increase for the year Of over
Sl5,000O00; spirits an increase of $6,500, 600;
beer and other fermented liquors. an In
crease of over S2g 600 600; oleomnrgarine
celpts from special taxes, documentary
and proprietary stamps for the year will
llkely DrlnR the increased receipts, on ac
count of the war revenue act, up to nearly
500 100000
The two items in that account which
have produced more than ten times as
much revenues as any two others are those
relating TO documentary and proprietary
stamps On April 30, last, these items had
produced over S36, $4,000, and II Is not Inn
probable that by July ], that amount viii
on legacies will produce not much in ex-
cess of $1,0 900 600, while the special tax coll
iected from bankers will exceed $3,500000.
The receipts from customs show a graf
vember last year the customs yielded $l5,-
335 000 and for the following five months
there was a gradual Increase until March.
which produced nearly S2i, 10000. OF late
there has been slight falling off.
Expenditures Were Heavy.
The expenditures up TO this time aggre-
gate about 100000 900. OF this amount S22S,-
000O 900 was paid out on acquisitions from
the war department; S6i 600 600 on account
OF the navy SlS9 10000 on account of PEN
sions; and nearly S400W000 of interest on
the public debt; S12,G75,0c0 was paid 10 the
Indians, and Sll7 eco was dlsbursed on
civil and miscellaneous account
Al this time It Is impossible'to state with
any degree of certainty what the war
with Spain and the troubles in the Phil
ippines have cost during this year but an
approximation has been made of the actual
cash payments on these accounts which
cludes the payment of $50 O00,0OO to Spain;
the 50 100000 now being disbursed to the
Cuban troops, and the interest charge on
the loan made necessary for the war.
A calculation has been made at the treas
TRY which shows that leaving out of the
account the $3.50 600 600 expended this year
on account of the war the 800, coo coo pro-
duced by the war revenue act. and the SILL
79S,314 received from the Central Pacific
Railroad, the figures would show a surplus
for the year approximating $0,0OOOO0.