The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1901-07-22
SURPLUS. s75,S64.999.


The Treasury surplus which was an
nounced when the fiscal year closed on
June 80, 1901, was above the 600
mark which had been predicted. The
excess of receipts over expenditures
amounted to the figures at the head of
this article. viz.:-$75, S64 999, and the
mouths, of some of the finance minis
tiers of Europe must water when they
see such results. The aggregate re-
Sceipts for the twelve months were
1856, S4S, 3O9, this is an increase of $l6,-
800, 900 as compared with the preceding
fiscal year. These figures seem scarcely
credible. yet there they are in black
and white in the Treasury statement
OF the increase the largest share is
credited to internal revenue which con-
stitutes the heaviest item in the gen.
eral receipts. From this source $685.
514, 410 was received an excess of $780,
900 over the previous fiscal year. Gus
toms receipts produced $23S, 7S6,741, an
increase of 81, 900, 900 above the proceed
ing financial year. Miscellaneous re-
ceipts produced 41,547, 157 again show
ing a gain. This increase amounted
TO s., 100000 ais compared with the fiscal
year which closed June 30, 1900. This
its various sources.
The expenditures have amounted to
$500, $751;, $40, which are in excess of the
expenditures closing June 80, 1900, by
81, 200, 900. Just think for a moment
what the wealth and reserve power of
a nation must be when it can afford to
spend $22, 200. 900 more in a year and yet
have a surplus of $75,S64,999 Truly the
money question need not trouble the
United States.
OF the expenditures the War De-
partment has absorbed S144, 500 $50 an
increase of close on to 100000, 900 over
the previous year. The Navy has cost
$50, 513,9S7, which is $4,4OO,OOO in excess
of the preceding period. Savings have
been made on pensions to the amount
of $1,500600, yet the pension eXpendi-
lures was $139, 1923, 439, very nearly equal
to the expenditure for the army and
more than double the expenditure for
been reduced $7.S00,0O0.
On the first day of the new fiscal
year according to Bradstreets, the
available cash balance amounted to
$l76.S3S 125 an increase of S21.12S,470
over the corresponding date last year
On the last day of the fiscal year just
closed the public debt, less cash in the
Treasury, amounted to $1,044, 739, 120,
which represented a decrease of over
$17. 700 600 for the month of June. Of
the total debt. that bearing interest
amounted to $685., 141 ,O4O: the debt on
which interest has ceased since matur-
ity to $1,415 $40. and the debt bearing
no interest to $3S3,O15,5S4; a total of
1871 ,5722 pa. There were in addition,
and not included in this amount, $771,-
754,6S9 in certificates and Treasury
notes outstanding, which We're offset by
an equal amount of cash on hand held
for their redemption.
The cash balance in the Treasury
amounted at the end of the fiscal year
to 1926, S33,124 which, deducted from the
total above, gives the net debt. A re-
duction of over $36, 100000 was made in
the bonded debt during the year. The
government begins the new fiscal year
with a total gold fund of over $494,-
10000 and nearly $99, 600, 900 of free gold. !
The reductions of taxation, which went
into effect at the beginning of the new
fiscal year, will decrease the surplus for
next year considerably, but a substan-
tial excess will be found on the side |
of the receipts at the end of the year.
This is only the Federal finance If |
we consider that there are the finances
of each individual state and territory,
the finances of every municipality and |
county the public income raised by the
people of the United States is some
thing almost too stupendous to contem-
plate. AS Dominic Sampson would
have said to Colonel Mannering Pro