Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-06-30
Estimated That It Will Be Over
100000.
EXPENDITURES WERE $4S7,s03,4sS
First Favorable Balance Since
1893.
GRATIFYING SHOWING

The estimate of treasury officials is that
the surplus for the fiscal year that ends
today will be over SS0,00O,o00. This is S4o.-
eO0,o0O more than was estimated by Sec
rotary Gage in his last message to Con-
sress. The increase over the estimate is
due wholly to the. unexpectedly large re-
ceipts from internal revenue and customs.
The exact surplus will not be known until
Monday. According to treasury usage the
receipts throughout the United States to-
day. returns of which are received Monday,
will be added to the column of receipts for
the year. The expenditures stopped this
morning and there will be nothing in that
column on Monday morning, when the Off
cial statement for the fiscal year will be in
course of preparation.
The surplus according to the daily state
ment today, was $7S613.S 4S. The receipts
today were about $2.3O0o0o. That Is prob
ably heavier than the receipts that will
most sure to be not less than $SO,O00,OoO
with the chances that it will run as high
as $S1,O00.OOO.
First Surplus Since 1898.
There has been no such surplus since the
fiscal year 1890. The surplus that year was
$s5,O4O,271. 1t fell off greatly the follow
ing year and for two years after that. In
1884 began the deficits that have followed
steadily. This is the first year that has
shown a surplus since 1893. The democrats
were fast cutting the deficit that stayed
with them for years when the republicans
took charge in March, 1897, and the fiscal
year 1887 showed deficit of only $4,000
600, notwithstanding the Dingley law had
not then gone into effect. 1t IS Almost
certain that the fise al year 1898 would nave
shown a surplus. The deficit for the year
was S3S, OF ,247 but during the last three
months of that fiscal year the war with
Spain was on and extraordinary expend-
lures were made for the army and navy.
more than S5000O,OUO, much greater IMAM
the deficit that year.
The war expenditures were something
enormous in the early part of the fiscal
wear 1899 and this caused the deficit OF
$50 II $50 that year. That was the year OF
the $2Oa,d00,O00 bond issue, but no part OF
the receipts from that source entered lnto
the regular daily receipts and expenditures
of the treasury. The deficit was independ-
ent of that sale. If the money from TINS
source had been added to the ordinary re-
ceipts there would have been big sur
plus.
The surplus for each month continues to
grow. The approximate surplus for June,
the last month of the fiscal year. is $lLooo.-
900. With one more day to near from II
plus for any month of the year and for
many years back. The total receipts this
month have been s4S,S64,2s1, with another
month have aggregated $S3,5s5, 900. From
be about $4,000, 900. and from internal
revenue something like s2S,W0W0. The
miscellaneous receipts are about as usual
Years Expenditure, $4s7 .SO3.49S.
The expenditures for the year have been
s4S7, sos, 49s The receipts so far are $685.
l17347. The War Department has spent
S134 6:53 $50 and the navy S5G,0>9, 149. For
the fiscal year 1897, before the outbreak OF
war, the War Department spent the com
paratively small sum of Sis9o0,2 bl of the
peoples money and the Navy Department
$5t, 5G1, 5i6 The real expenses of the Span
ish war direct were nearly wound up when
the present fiscal year began, and the
heavy expenses are due to the large army
maintained in the Philippines and to troops
in Cuba and Porto Rico.
The receipts from the different sources
to date are: Customs, $2S'. 49l l}S; internal
revenue S294,212, 63S; miscellaneous, $3S,-
713.57O. For the fiscal year 1897, with no
war revenue act in operation, the receipts
from internal revenue were S146, 6SS,oI4 In
1898, when the bill had been in operation
but few days before the end of the ifs
cal year. the internal revenue had grown
to $1709O0,641. This is thought to have
been in the neighborhood of high-water
mark in the receipts from that source I'M
der normal conditions. Taking even $780,
100000 as basis, under ordinary and pros
porous conditions it will be seen that the
extra income from the war revenue act
is likely to be something like S120,00O,OOO
for the year The treasury has no way of
finding exactly the receipts from internal
revenue, but makes close estimates.
Available Cash Balance.
There will be an available cash balance
in the treasury at the close of the fiscal year
of several million over $3.50, 900. This is
independent of the gold reserve, which by
law is fixed al $50, 100000. A great part of
this cash balance is in gold and is used IN
the daily business of the treasury. 1t IS
likely that when the official figures are an
nounced Eext week 1t will be found that the
treasury has in its vaults over 1920. 10000
Of gold coin and gold bullion, more gold
than is gathered under any single control
anywhere else In the world" said Treasurer
Roberts this morning. Mr.. Roberts added
that gold is coming in at the rate of $780,
600 a year, and that it is being used
more now than ever before.
Under the old form of treasury statement,
before Congress set aside $15O, 10000 as
gold reserve, the available cash balance
of the treasury Monday next. would be
placed at about 1904 100000. There has
been no such surplus or prosperous condi-
ton of the treasury since September, 1885,
except when the $20O,O00,00O bond sale
swelIed the balance in August and Sep
tember 1898. With the exception of months
in 1887 and 1888 the treasury had had no
such cash balance since 1879.
1.-The treasury is stronger than it has
been in great many years. said Treas
urer Roberts, land reflects the great pros
perity of the country