Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1899-09-12
MONEY TO MEET ALL EXPENSES
August Statement OF Treasury shows
surplus of S4,O0O,O0O.

Washington, Sept. 6.-Democratic
assertions that the Increase in the. ar
my force in the Philippines would ere
ate expenditures sufficient TO cause a
continuing deficiency have met with
prompt contradiction. The statement
of the condition of the United States
treasury for the month OF August
shows a surplus of over $4,000. .o0O.. This
surplus is all the more significant as
the deficiency last month was nearly
Sc, 900. 900. but, as explained at the time
the shortage was caused by the heavy
expenses incident on the beginning of
the fiscal year. All the obligations of
the government are prepared for at
this period, and the estimates of dis
bursting officers in all parts of the
United States are honored promptly,
that there may be no failure ofobliga-
tions incident to the period
Instead of shortage being occa-
stoned by the call for the provisional
army provided by congress, it is now
shown that there need be no apprehen-
sion of the financial ability of the gov
ernment to meet the emergency with
out distress. In the legislation provid-
ling for the increase of the army. the
expenditures for additional soldiers
were carefully calculated. The appro-
priations We're made on the under
standing that the president might have
to call for 100000 men, and had there
been any occasion for apprehension it
would have been expressed when this
subject was under consideration in the
halls OF. congress. There was no APP
prehension of the inability OF
the treasury to meet the require
ments thrust upon it. The revenues
from customs aud Internal re.cnua
were known to be sufficient for all lur-
poses. The treasury statement of 20.
day shows that they are more than
sufficient. 1t is true that the surplus
has been increased For the monsh by
the receipt OF S3.210oO0 on account oi
! the sale of the New Yorl, custom house
site. Yet there is above this amount
Il surplus for the month of August OF
$1.250173.
| While the internal revenue receipts
| show an increase of but S220.00D over
the same month of last year. the Gus
tom receipts are $4,3oo,00O more thar
the corres spending period. The Diuy
ley bill thus establishes its revenue.
producing qualities and yirdcates the
| predictions made by the chairman o
the wayN and means committee of ii:
efficiency and atiaptablity to whaterei
circumstance might arrive. 1t is pos
si5ie that hestatement OF next month
comparatively speaking, will no; be 4,
| favorable as for August. but there ca;
be no great variance from the figure:
already recorded, which, on month,
average, show an improvement in III,
reccipts OF the government. as aaains
expenditures. despite the expense o
military operations incident TO III,
campaign in the Philippines
Today's treasury statement show
that .lle amount of net gold on has,
was $247,Sso,G01. This is the largcs
amount on hand at one time in th,
history Of the department, the mex
largest amount having been S;:.!,i,sa33,
02G on Dece,nber 81, 1898. This situa
.ion is accounted FOR by the fact tina,
Iduring tie last :yvo weeks or more, III,
revenues of the government. of sh;cl
from so 10 80 per cent are paid Il
gold. have lnrgely exceeded The eN
penditures.
| At New Yn.lS the customs receipts
Will. The exception from lto 10 pc
GENT. are iieiug all paid in gold and u
lother important points the eNcess O
gold has been aenrly or quite as large
50