New-York tribune., 1899-06-16
VAST AMOUNTS HANDLED.
THE FISCAL YEAR JUST CLOSING WILL
BE A MEMORABLE ONE.
TUREs RARELY EQUALLED IN THE
HISTORY OF THE CoUNTRY-PROs-
PECT OF A SURPLUS
NEXT YEAR.
rBY TELEGRAPH TO THE TR1BuxE.l

Washington. June 15.-This is to be a
memorable year in the history Of the Federal
Government In regard to its receipts and ex-
penditures. 1t bids fair to equal the banner
revenue year of 1865.
Only once in its entire history have the re-
ceipts Of the Government been In excess of
those for the year which ends the Both Of
this month. Only on three occasions covering
three years Of The Civil War. have the expen-
ditures for this year been exceeded. IT is a re-
markable showing, indeed, that this year will
record. The total receipts from all sources, ex-
elusive OF postal, for the present year will
aggregate approximately S51SOO0OO0 This Is
an excess over the receipts Of the fiscal year
ended June 30, 1898. OF more than S113 1000 900;
II Is an excess over the year 1897 OF approx
mately S1I1,OOOOOO: II eclipses the receipts OF
1896 and 1895 by $l91. 100000 and S2O4 OOO 900
respectively; 1t is greater than the receipts OF
1894 by S221 100000. which was more money
than was required to run the Government from
1I01 to 1916 inclusive. a period Of twenty-sIx
years.
In 1866 after the close of the Civil War, when
the Indebtedness OF the Government reached the
enormous sum OF S2.113. 238, 173 CO. the highest
Indebtedness in its entire history. the revenues
for that year amounted to $519 $40. 564 IS, which
Is only a little more than S1OOO,0O0 the
receipts for the present year. This amount was
also augmented in 1866 by $685. Os3 0Js 6S. which
was derived from premiums loans and sales
Of gold coin. which cannot properly be included
in comparison with the receipts for the years
subsequent TO 1880
CUSTOMS AND INTERNAL REVENUE.
The customs receipts will exceed those for
1856 by approximately S27, III .S14 sS They will
exceed the receipts for 1894 by SIS 404 035 81;
those for 1895 by more than S540O0OO0. for
1886 by more than $46,0O0O0O. for 1897 by a lit
tie less than $50, 100000 while the customs
cclpts last year will be exceeded by the enor
nous sum OF nearly $j5.OOOOO0-nore money
than was carried by the Urgent Deficiency bill to
prepare the country for the impending with
Spain
The internal revenue receipts will be far in
excess of those for any fiscal year in the
trys history with the single exception of 1866
when they reached the great sum OF 5000, ,226.-
S13 ~, and when the taxing machinery of the
Government was stretched TO the limit of It's
capacity. There then tax imposed
nearly every article manufactured in the
try; the people were compelled to pay exor-
bitant tribute to the Government on nearly
every article consumed and worn: the Nation
carrying. This year the internal revenue re-
cepts wiz amount TO about S275 405 1S0 and the
collection OF this vast has scarcely been
felt In the marts of trade commercial circles or
rural districts.
THE NATIONS GROWTH IN WEALTH.
The reason for this wonderful transformation
lies In changed conditions. The aggregate
wealth OF the country has been more than quad
r,,,,laI oft hi,t,,- -tL-
The wealth OF this Nation OF seventy-five mill
ions OF people is estimated at more than
100000, 100000 while in 1866. Immediately
after the close Of the Civil War, the highest
estimate placed upon It's wealth was $50 OUO-
100000
The internal revenue receipts for this year will
exceed those for last year by $105,OOO,OOO. They
will show an excess over the fiscal years Of 1896
and 1897 of approximately $129,OOO.OOO each.
and over 1865 by $132, 100000. OF the $275-
40j $50 G3 which II Is estimated the internal
revenue receipts will amount to this year, the
receipts from war revenue taxes alone promise
to exceed S100OO0OO0. The greatest increase
comes from the sale of documentary stamps.
The revenue from this source Will amount to
over S45,600,O0O.
On only four occasions In the history Of the
country have the internal revenue receipts
reached the S2OO,OO0OO mark. In 1860 they
amounted to S209 AGA 265 -. in 1866 to $3O9,-
22G 9l3 A. in 1861 to S2G6O2 J37 43 and in 1899
to S275, ,jO5, ,lSO g. 1t Will thus be seen that in
every year when the internal revenue receipts
have been as high as $2O0OOOOO0 1t has been
the direct result of war.
RECEIPTS AND EXPENDITURES.
The estimate for this year of the total re-
ceipts is follows:
Miscellaneous So 442 5S1 26
Total ACKNOWLEDGEMENTS. .s5ls OIL 22s 35