Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-06-21
THE YEARS DEFICIT
Secretary Gage Now Estimates 1t
Less Than S100,000,000.
nnnrTDno nVnrnn rvnnnm AmInNc
RECEIPTS EXCEED EXPECTATIONS
Sources From Which the Sums
Have Been Obtained.
T II E c A s H B A A n G E

fiscal year which Will end June 30 will be
less than 1OOOOOOOO, against his estimated
deficit of s112. 100000. Those who have also
studied the figures closely think that the
deficit will be less than sos 900 900. with
probability of low as S96, 900, 900.
A semi-offcial estimate Is that the total
expenditures for the year will be about
s610,0OO,OO0 and the receipts at s514, 900. 900.
making the deficit for the year. s96.OO0,OOo.
This Is based the probability that the
receipts this month will reach $4,000, 900
and the expenditures s36, 800, 900. making a
large surplus for the month. Up to yester-
day the total expenditures of the govern
meut for the year had been s59S sT2,972 and
the receipts s49I 81 9O9 but the expendi-
lures for the remainder of the month will
be small.
year is based on approximate total of
S2i2,JO5,UO0 for internal revenue, sos. 800
OoO for customs and s36,J00,O00 for misceI-
laneOus receipts.
The Secretnry's Estimate.
In his annual message to Congress in De-
cember last Secretary Gage estimated the
total expenditures for the year at $3.50 ST4,-
647. and the revenues for the same period
$5I.SI4,64I, making a deficit of s112, ,0OO,-
OOo The Secretary is glad that his esti-
mate is on the side favorable to the Treas
ury, and that the deficit is much less than
contemplated At the time the estimate
was made by the Secretary he did not then
calculate on the receipt of about ST. 900 900
on account of Pacific railroads. With this
addition to the receipts. the estimate came
rear being correct The Secretary's esti-
mates OF revenues, however, fnclud-
ed sS2.sI4,647 from the postal SER
wee. and in the estimates of expen-
ditures the same amount is included
The yearly treasury statement will NOT
show either in receipts or expenditures the
dealings OF the Post Office Department. un-
Iess IEere should be deficiency. Leaving
out the Post Office Department therefore
the estimated receipts for the year were
S4SoVOOc0 and expenditures s59T, 900 900 1t
Is therefore readily seen that the receipts
Tor the year have exceeded the Secretary's
estimate. while the expenditures have been
Correspondfngly greater. The latter is in
part accounted for by the S2OOOOOOO paid
10 Spain. f'''N
Customs and Internal Revenue
customs have made the greatest increase
during the year over the estimates of the
Secretary. His estimate was s195. 900 O0O
for customs, while they will run s1OGO0 GOO
greater He estimated the internal reye-
hue receipts at s2TO.OOO,OOO, while they will
probably reach s2T2. 10000. Customs as a
matter of interest, have just reached the
inquire estimated by Secretary Gage for the
fiscal year 1900 His estimate for that year
was seoo.Oo0OOo In this respect the in
crease Is gratifying to the treasury officials
and TO republican leaders.
W nile the internal revenue receipts have
more than reached the estimates of the
Secretary it will be of interest to know
exactly now much money this branch of
the taxation service has turned into the
government as a result of the war revenue
tax The total Internal revenue receipts
Tor the fiscal year 1898 were S110,OO0,O 600.
1t will thus be seen that the war revenue
act has increased the internal revenue re-
eeipts in the neighborhood of $1OO,OOO,OOO.
Considerable of the increase must be al
Nnrn-l hn al t.,
from the regular sources of internal reve-
nue.. For the fiscal year 1897 the total
internal revenue receipts were S149, ,062.
The following year. as shown, the increase
S22,O0O,OO0 without the imposition of
war taxes.
Due to War Taxes.
1t Will take the official figures of the in
ternal revenue bureau to show exactly how
much of the increase this year is due to
the war taxes.
The receipts from tobacco alone will
probably show an increase for the year
of over s15.O0O.Oo0; spirits. an increase of
S6,500.OOp; beer and other fermented liquors
an increase of over s2s,000,000, Oeomar-
garine an increase of about SJsJ.OO, and
the receipts from special taxes, dOcumen-
tary and proprietary stamps for the year
will likely bring the increased receipts on
account of the war revenue act up to the
figures given. The two items in that act
which have produced more than ten times
as much revenue any others are those
relating to documentary and proprietary
stamps. On April so last these Items had
produced over $50 $50 600, and it is not inn
probable that by July l that amount will
be increased to over $44,00o,OO0. The tax
on Iegacies will probably produce not much
in excess of 100000. while the special
tax collected from bankers will exceed
100000
That the Dingley law is doing splendidly,
from an administration standpoint, Will be
seen from the fact that the receipts from
customs for the fiscal year 1898 were only
sl49 80 OeS2 showing jump for this year of
sboUf 81; 100 UGO. The receipts for the fiscal
wear 1897 were s116554 .126. but the receipts
that wear were enormously increased by
tory impOrtations probably amounted TO
s2o,O00,OO0.
Extraordinary Expenditures.
The extraordinary expenditure of the gov
ernment on account of the war during the
fiscal year closing are estimated at $780,
COO 600 which includes the payment of s20,-
100000 to Spain and s3,000.0o0 taken away
to be distributed among the CubaRs. This
was over and above the regular expendi-
lures which would have been many mil
Hons greater by reason of appropriations
than for any prior fiscal year. 1t is rough
ly estimated that the expenditures on ac-
count OF the war Tor the last hscal year
expenditure to date S2SoO00.OOO chargeable
10 the war with Spain, with outstanding
ODllgatlOnS the amount OF winch Is not
known. and the expenditures yet to be paid
on account of the war in the Philippines.
When the volunteer troops are mustered
cut at San Francisco during the next few
mszths the government will pay out mil
lions of dollars to the men. These expen-
dftures will appear in the next fiscal year
The travel money going to the soldiers who
are mustered out there viii reach into many
millions II is supposed the government
viii have paymasters on hand with big
supply of money to settle with the soldiers.
Fer the fiscal years 1895, 1896 and 1897
the treasury paid out an average each year
OF $50 900 coo on account of the military es-
tShlishment of the government. Had there
been no war with Spain II Is fair to pre-
same that the expenditure would not have
bSen greater for the fiscal year 1898 and for
the year just now closing. The expendi-
tuzss account OF the war establishment
for this fiscal year viii be in the neighbor-
hood of 500 0O0, 600. The navy shows an
increase. In 1897 the amount spent on the
Navy Department was s34 .561 .546, while the
figures this year will be in the neighbor-
hood of s65 900. 600. an increase of 81 .OO0, :