New-York tribune., 1899-06-22
THE NATIONAL FINANCES.
DEFICIT FOR THE FISCAL YEAR LESS
THAN s1O0.OoO,OOO.
TREASURY OFFICIALS SAY THAT EXCEPT
FOR THE WAR THERE WOULD HAVE
BEEN A SURPLUS OF s2OOoO,ooO.

BEEN A SURPLUS OF s2OOO0,ocO
Washington June Alt Is regarded a a
ssrvative estimate that the Treasury deficit for the
Ascal wear 1899 which closes ten days hence Will
he less than slOCoo.co0 Already the receipts for
,he wear aggregate s4ss 800 600. and the
r.nditures are barely 100000 more. with ten
DAYS judging from past years. of abnormally heavy
receipts yet be accounted for In the year there
have been two heavy calls on the Treasury and
one large payment which could not have been fore
seen a year ago In March the Government re-
ce,ved 81 3l4 account Of the settlement Of its
Claims against the Central Pacific Railroad Com
oarv In the same month $4,000 was drawn to
nav Of the Cuban insurgent army. and in April
$4,000 900 paid 10 Spain in settlement Of treaty
obligations. Leaving these three items out Of the
account the deficit this year would not have ex-
ceeded $S,cooO0.
Up 10 this date the customs receipts amount 10
over 800 900; from internal se3 $50 900
was realized. and from miscellaneous sources there
was received $5,5O0Ooo. In the fiscal year 1898 re-
CENTS from customs barely exceeded 900. and
from Internal revenue they less than Sl7l 600
40 The total receipts from all amounted
- tf5 81 S35 while the expenditures aggregated
t.4s ss $50 leaving deficit of sssoi7247. This year
ne exDendtures will exceed those Of last year by
abo1, 1855 900 while the deficit will be about
So oo0 900 greater.
From the closest calculation that can now be
made the War Revenue act, which with the ex-
OF q few items went INTO erect on July 4,
lsss will realize for the year little less than 300
NDNo The receipts from tobacco alone will prob
ably show an increase for the year OF over SloOV-
oo spirits an increase OF $4,000; beer and other
fermerted liquors increase Of over $2S'oocU
oleorof rgarine an increase Of about $500, and
the receipts from special taxes. documentary and
rropretary stamps for the year will probably bring
ne Increased receipts on account OF the war rev.
enue act up to nearly SO0VVO,co. The two items in
ths; act which have produced more than ten times
as much revenue any two others are those relat-
inc 20 documentary and proprietary stamps. On
April 30 these items had produced over $65OocH
and Il Is not improbable that by July the amount
v.iu be increased 10 over S4O00OO. The tax on
legacies will probably produce not much in excess
Of $4,000 while the special tax collected from
bankers will exceed S35CoOoo.
The receipts from customs show gratifying IN
crease For November Of last year the customs
Welded sl5S25 O0 and for the following five months
The q was gradual increase until March which
rrcCl-cd nearly 81 10000 OF late there has oeeA
a Sigh, falling of.
The expenditures NJ 10 this time aggregate about
snlCeo0O OF this amount sos 900 was paid on
e,,,ieitions from the War Department So COO 900
on account Of the Navy $39. 10000 on account OF
PENSIONS. and nearly 100000 on account OF IN
.e~est on the public debt To the Indians Sl26IoV2
was paid and Sl7 10000 disoursed on civil and
III this time it is impossible 10 say with any deI
gree OF certainty what the war with SPAN anu anu
the troubles in the Philippines have cost oot an ap
,r,Ni-,atiou mas been made OF the actual cash pa!
1,reT-e m these accounts which places the amount
AZ S2So oO0 90 This includes the payment OF S-Oy ~
100 10 Spain. the 100000 nov being ds ourseu & ~ y
ne Cuhan troops and the interest on the loan mace
oeoessary for the calculation mas en Desn
~. 5e a. the Treasury which shows that, leaving
oIt Of Ire account the S31O0C0D expended hls yeSr
on account OF the war. the $l010DeD Prooucedi oS
the War Revenue act. and the l'So.oi+ receIneo -
rom the Central Pacific. the figures would sho" d
sl,rplus for The year approxlmating SNcpVn +,
re monthly statement OF the collections OF IN
-ornaI revenue shows that the total receipts IN May
were t35O734 increase over May 1873 O.. -, ~
fs The receipts from the several sources u
revenue are given follows;
81 los 245 Inc sI01. .7s5
7plris -'-''--.-'- 223 Inc 46g. 2O2
rs
r-,I-,a-ce-i,s ............. l27 55s Inc. 80 o44
special taxes under the War ~
Revenue act .-...... .....'.'' ~ -
MIsce! laneous receipts ......+.--, 4.lV''4S4
For the eleven months Of the present hscal year
the totai receipts were S247 1904 an Increase OF
Se4 rSi5l The three items yielding the largest IN
ne Ia eleven months and the amount