Arizona republican., 1899-06-27
The Deficit Will Fall Below
 $tOO,OOO,OOO.
MR. CAGES CLOSE ESTIMATE
Within Less Than $IOO, ,OOO of The ReCeipfS-A Bad Guess on the Expenditures Was on Inc Right Side-The Figure inc War Tax Has Cuf Has Nof Been AScer fained Yef.

Washington. June 26.-(SpeciaLl-
 The Republicans Associated Press dis
 patches announced some time ago
 that Secretary of the Treasury Gage
 estimated that the deficit of the treas
 ury deparment for the fiscal year end
 irg June 30 would be at least S112,-
 000,OO0. The secretary now estimates
 that the deficit will be less than $1OO,-
 OGO.OO0. fui
 Those who have also studied the fig
 ures closely think that the deficit will
 be less than S9sOO00OO, with proba.
 biiity of as low as S96,O00.O00.
 The Semi-official estimate is that the
 total expenditures for the year will be
 about $61OO00.OO0 and the receipts
 s514, ,O00.0O0. making the deficit for the
 year $96.000.O00. This is based on the
 probability that the receipts this month will reach S45,OGO.OOO and the
 expenditures $36,3O0O0O. making a
 large surplus for the month. Up to
 Saturday the total expenditures of the government for the year had been S59S, ,ST2.972. and the receipts $49I.- 5T7, ,909, but the expenditures for the remainder of the month will be small.
 The estimate on the total receipts fOD
 the year is based on an approximate total of $272, 500,O00 for internal rev. enue. $2G5, ,5GO,OO0 for customs and $36, ,590, ,000 for miscellaneous receipts.
 In his annual message to. congress i'll December last SecretarykGage esh. mated the total expenditures for tho year at S6S9. .SI4c4T. and the revenues for the same per.od, $57T,S74.64., mals- ing a deficit of $112,O0oC0O. The sec retary is glad that his estimate is on the side favorable to the treasury. and that the deficit is much less than con- templated. 1t the time rhe estimate was made by the secretary he did not then calculate on the receipt of about $12C00.C00 OF account of Pacific rail- roads. With this addition to the re- ceipts the estimate came near being correct. The secretary'S estimates of revenues, however, included $92, ,S74.- CAT from the postal service, and in the estimates of expenditures the same amount is included. The yearly treas. ury statement will not show either in receipts or expenditures the dealings of the postotfice department, unless there should be deficiency. Leaving out the postoffice department, there fore. the estimated receipts for th" year were $4S5. 5.00O,C0O and expendi- lures. $597.0O0.O0O. It is therefore readily seen that the receipts for the year have exceeded the secretary's es- innate, while the expenditures hayo been c0rresp0ndingly greater. The lat, ter is in part accounted fOI"by the $a0,- G00,O0O paid to Spain.
 Customs have made the greatest in. crease during the year over the esti. mates of the secretary. His estimate was $195, ,O0O for customs, while hey will run $10.O0O,00O greater. He the internal revenue re- .eipts at $270, 0,OO0.OC0, while they will reach $272. .50O,O0O. Customs. Is matter of interest, have just cached the figure estimated by Secre- ary Gage for the fiscal year 1900. His for that year was S205,0 ,000,> a)0. In this respect the increase is gratifying 10 the treasury officials and o republican leaders.
 While the internal revenue receipts lave more than reached the estimates If the secretary it will be of interest o know exactly how much money this branch of the taxation service has urned into the government as q re ult of the war revenue tax. The total Internal revenue receipts for the fiscal ear 1898 were $17O.000,O00 It will bus be seen that the war revenue act as increased the internal revenue re eipts in the neighborhood of S1CO,- 00.GG0. Considerable of the increase must be allowed to the natural in- rease in receipts from the regular ources of internal revenue For the seal year 1897 the total internal rev nue receipts were $149. .575. .O6o The year. as shown. the increase ras 800, ,OO0,000 without the imposition f war taxes.
 It will take the official figures of the lternal revenue bureau to show ex- ctly how much of the increase this ear is due to the war taxes.
 The receipts for tobacco alone will roba'bIy show an increase for the ear of over S15.000,O00; spirits, an in rease Of $6,50O.OO0; beer and other liquors an increase of over 2S,000,000 Oleomargarine, am increase { about $5S5. 1000, and the receipts 1r special taxes, documentary and
 Continued on Eighth Page.l