Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-07-01
TREASURY STATEMENT
RECEIPTS AND EXPENDITURE
OF THE FISCAL YEAR.
Comparison With the Estimates Sub
mitted to Congress-Accurate CAL
culation-The Internal Revenue.

Secretary Shaw has prepared a statement
showing the business Of the treasury for
the fiscal year 1904, which ended yesterday,
together with his estimates of over a year
ago of what it would be- From this it APP
pears that the actual surplus is only about
three-fourths Of million less than the es-
timated surplus. when account is taken
only of expenditures which were consid-
cred in submitting the estimate. In the
estimate submitted to Congress no account
was taken Of possible expenditures in Sc
curing the right of way for the isthmian
canal, nor Of the loan Of 100000 to the
Louisiana Purchase Exposition Company.
The estimate was based also on then ex-
listing laws. These subsequently were
modified by the ratification Of the reci-
procity treaty with Cuba.
Comparison With Estimates.
The following table shows the estimated
and actual receipts and expenditures Of the
United States for the fiscal year ended
June 30, 1904:
Receipts. Estimated. Actual.
From Gus toms $3.50, 900 600 $262 06S, 4S3
Internal 235, 0OO, 600 232 435, 500
Miscellaneous .......... 4o,Ooo,oOo 4o'oo<,ooo
Totals ... $3.50, 900 600 $541, 1se, 745
Expenditures. Estimated Actual.
From civil and mscel-
laneous $3.50, O0O,OO VIZ, 20 9l5
War ................. 115, 900 600 115, 1871, 7S8
navy ................... e0,WO,OOO lVL, iot,Vlo
Indians ................. Il,0oO,ooo ~ 43o' ioo
Pensions ............... 139, 100000 142 55S, 335
Interest ................ 24,OOO,OO0 2461S, 766
Totals. 1915, OoO, 900 s527 OH
sn,,,,. E Est onn sao "A Ae aa9 81.
The civil and miscellaneous expenditures
are exclusive of $54, UOO. 900 paid on account
of Panama canal and loan to Louisiana
Purchase Exposition Company.
The available cash June 80, 1904, amount
ed to $166 965, S72.
AS compared with the fiscal year ended
July 1, 1903, these figures show increases
and decreases in receipts as follows: Gus
toms, decrease, $21, SOB 235; internal reve-
nue., Increase, $2,320, 40; miscellaneous, in
crease 81 ,SO2 Ola.
The civil and miscellaneous expenditures
for the year Just ended exceeded those for
the year 1903, including the payments on
account of the Panama canal purchase and
the st. Louis exposition loan by $61 S13 COZ.
The expenditures on account of the War
Department were S3.211, 1907 less than for
1903, and the expenditures on account of
the navy were S2O,o6O,271 greater than for
1903.
Pensions show an increase of 81 1873 600,
and interest payments a decrease of over
$4,OOO,OOO, as compared with 1903.
Internal Revenue.
Commissioner Yerkes Of the internal rev.
enue bureau has made the following state
ment:
THE total receipts Of the internal reve-
nue. bureau for the fiscal year closing this
evening will be about S233, SOC. 600 This
shows an excess of collections over the
fiscal year ended June 80, 1903, of some
$3,O0O,OOO. The rates Of taxation on vari-
Gus articles paying an internal revenue tax
being the same this fiscal year as during
the year which ended June &c. 1903, and the
amount of tax collected being in excess by
some three and half millions of dollars
does not indicate that the business move
ments OF the country and its commercial
transactions are decreasing. or that we
are suffering from general business depres-
sion, as Is claimed by some"