Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1902-04-17
Treasury Surplus May be Large.

WV NANtSuly surplus 1OT ble cuTTeIlb
fiscal year is nearly s63, 600, 900, which
is 5000, 600 in excess of the surplus
this time last year. There is also a
married. increased in the available cash
comrased with last year. this fund be-
ing now s26,00o,00 greater than on
April 18th, 1901. The act repeating
the war taxes, which the President
signed yesterday, will be the means of
reducing the internal revenue receipts,
as brewers, distillcrs and others to be
affected by the repeal will conduct
their business between now and July
LIST, when the act becomes operative,
SO us to keep their output within the
current demand. But, notwithstanding
the prospective decline in receipts, it
is probable the surplus on June Both
will be within the shadow of S1C0, 0O0,-
GOO.
The accumulation of money in the
treasury gives concern to business men,
and, as there is no way to reduce this
accumulation except by the purchase
of bonds, that question is being urged
upon the attention of the secretary.
Announcement has been made that the
secretary would make no additional
designation of national banks as de-
positories of public money during the
current month, but designations will
he made next month if the surplus
should increase in the interval There
is now held by national banks to the
credit of the United States Treasurer
over 100000, an increase of
S2l, O0, 600 over that held one year ago.
The receipts of the Postoflice Depart
ment for the quarter ending March 3lst
We're upwards of 81, 600, 600 in excess
of the expenditures This is very
remarkable showing, the balance
usually being on the other side. In
the past eighteen years the receipts of
tho quarterly periods have exceeded the
expenditures only four times. The
largest excess of receipts ever known
in this department was for the quarter
ending June Both, 1888 For the
quarters ending March 31st, 1900: De-
cember 3lst, 1900, and March 31st, 1901,
there was an excess of receipts. The
order of the Postmaster General, cutting
out many publications that were using
the mails as newspapers and paying
only l cent per FOUND, has largely con.
tributed to the improved fiscal condi-
tion of the department at this time.
Further correction of this great abuse
OF second-class privileges, it is held,
would make the postal service paying
instead Of a losing business
When NJ. Santos Dumont, the famous
aerial navigator, landed in New York
City, last week, he found himself com.
PEELED to pay duty on his air ship to
/ the amount of S630s Thus does this
great government of ours nurse the
infant industry of aerial navigation
and protect those engaged in it from
the unjust competition of foreign
paupers. NJ. Santos, naturally, was
quite indignant at being compelled to
submit to such an extortion, although
his large wealth enabled him to ray
the tax without sweating. But the
proceeding is a disgraceful one, even
with the best face that may be put
upon it, and Congress should refund
the duty, in order to avoid the appear
ance of putting tax upon scientific
investigation of the highest Importance
for the sake of maintaining inviolate
the principle Of tariff taxation.
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Sussex county is to be congratulated
on the excellent management of its
almshouse, concerning which recent
report shows that it has been con-
Quoted at cost of eight cents a day
per inmate. Tho institution has also
secured good results from its farm. In
a day when there is so much misman-
agement of public institutions it is a
pleasure to note such state of affairs.
---------.s----
| David Bennett Hill made an address
to the Democratic Club of New York
City, Monday, and was loudly cheered
Us the probable Democratic nominee
for President in 1904. Here is rank
treason. Mr.. Bryan, some time ago,
brusquely put Mr.. Hill aside as a
Presidential possibility, and why
should New York Democrats presume
to nullify his dictum?
Germany is still at work upon new
tariff that is to fairly rival the Dingley
bill in its exclusive rates. And as il
is directed largely against trade from
this country, Dingleyites here do not
look upon it with favor, They think
the United States should have n mon
opoly Of taxing trade.
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