Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-06-22
May Be Less Than One Hundred
Million Dollars.
HEAVY CALLS FOR MONEY
what tho Government Has Received
and whore tho Receipts Went
What WA. Realized From tho wnr
Revenue Act what the War With
Spain and the Troubles in tho
Philippines Have Cost,
(By Telegraph to -Plloto

(By Telegraph to Virginian Pilot)
Washington. June 21.-It is regarded
as n conservative estimate that the
Treasury deficit for the fiscal year.
1899, which closes ten days hence, will
be less than $780, 600, 900. Already the
receipts of the year aggregate over
S49S. 500 900, with the expenditures bare
ly 100000, 600 more, with ten days,
judging from past years. of abnormally
heavy receipts yet to be accounted for.
During the year there have been two
heavy calls upon the Treasury. and one
large payment which could not have
been forcsecn one year ago.
WHERE THE MONEY WENT
In March the Government received
Sl1.7S9,3li on account OF the settlement
of its claims against the Central Pa
cinc Railroad Company. During the
same month s30O0OO0 was drawn out
to pay off the Cuban insursent army
and in April s20.0000UO was paid to
Spain In settlement of treaty obiiga-
tions. Leaving these three items out of
the account the deficit this year would
not have exceeded sS9.000,0 900.
THE RECEIPTS.
Up to this date the customs receipts
amount to over s200, 400,0 900: from in
ternal revenue 1858, $50. 900 was realized
md from miscellaneous sources there
was received s35, 500 900. During the
whole of the fiscal year. 1898. the re-
celpts from customs barely exceeded
$40, 100000 and from internal revenue
less than $171 ,00O, 900. The total re-
rpIntg n ad IN
s405, 321. 1886. while the expenditures ag-
gregated Sii3.36S5S2. leaving a deficit
of $3S,047.247. This year the expendi-
lures will exceed those Of last year by
about $165,000.O00, while the deficit will
be about s620O0.000 greater than last
year.
WAR REVENUE ACT.
From the closest calculation that can
how 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 n little less than
lOO.OOO,0OO. The receipts from tobacco
hlona will probably show an increase
FOR the year Of over 10000 900: spirits
an increase of $4,000. 900; beer and other
termented liquors. an Increase of over
t2S. zoo. goo: oleomargarine an increase
of about $5S5,000. and the receipts from
special taxes, documentary ana pro-
prletary stamps for the year will likely
bring the increased receipts on account
Of the war revenue-act- ua-te-eee.l,
100000 600. The two items i'm that &c,
which have produced more than ten
times as much revenue as any two
others are those relating to documcn-
tary and proprietary stamps. On April
~ last three items had produced over
soooOo'Uoo, and 1t is not improbable that
by July that amount will be in
creased to over S44 600, 900. The tax on
legacies will produce not much in ex-
cess of $l,000,000. while the spccial tox
corrected from bankers will exceed
S5'5OO,O c0. The receipts from customs
snow gratifying increase. For the
month OF November last year the cus
toms yielded $15.3S5 600. and for the fol-
lowing five months there was gradual
increase until March, which producod
nearly s21 100000. OF late there has
been a slight falling off.
DISBURSEMENTS.
The expenditures ND to this tip,o mr.
gregate about 5000. 100000. OF this
amount s22S0O0'O0Q was paid out on re-
QUESTIONS from the War Department.
s64. 600 on account OF the navy: sl3o
100000 on account of pensions. and
nearly $4,000 900 of interest on the pub.
lie debt. The Indians waU paid SI2-
$4,000 and SIT 900 was disbursed
THE COST OF WAR.
At this time 1t Is impossible to state
with any degree of certainty what the
war with Spain and the troubles in the
Philippines have cost during this year.
but an approximation has been made
of the actual cash payments on these
accounts. which nlaces the amount al
$230,000000. This includes the payment
of $50. 100000 to Spain. the 81. 900 coo now
being disbursed to the Cuban troops.
and the interest charge on the loan
made necessary for the war A calcu-
lation has been made al the Treasury
which shows that. leaving out of the
account the 1920. 900, 900 expended this
year on account of the war. the $780,
100000 produced by the war revenue
act and the Sl1.79s.3l4 received from
the Central Pacific railroad the figures
would show q surplus for the year ap-
proximating $50, 900 900.