The Montgomery tribune. (Montgomery City, Mo.) 1892-1910, 1905-08-04
LAST YEARS HowlNc
Condition Of the Nations Finances
Il In Every Respect
Satisfactory.

The financial exhibit mt the end Of
the governments year. on June 30.
was not quite 10 good n had been
expected a few months earlier. but II
was much better than had been look
ed for Ave or six weeks ago. In his
annual report last December sccrc-
tary shaw estimated that the treasury
deficit at the end Of June. 1905. would
be $4,000 900 for tho year. II has
been $4,000. 600 instead. AT the end
Of May the shortage was $50. 1000. 600.
showing that for the last month Of
the fiscal y ar Junc-tbe govern.
ment's income largely exceeded Its
outgo. Usually June Is n good month
for the treasury. eve In years. like
this. Of deficits. For the past i've or
three years the practice has been 10
hold back some disbursements IN iunc
which belong In that month. aud push
them w into July. THIS makes the
treasury statement for the closing
year a little better than II would other.
wise be-. but a. the outlay Is thus
thrust forward into the new year. II
counts In the figures Of that rear.
n thus the situation as between out
~ and income ~ not changed
Secretary shaw says there vas no
manipulation ~ tho Governments nc.
counts during June. II L. tn be- hoped
that this ~ correct. Hays the ~. Louis
Globe Democrat. for July is always a
month NJ heavy expenditures. Even
In the days NJ large treasury surplus.
~ the treasury has n hard job In the
first month ~ the fiscal year In max.
INK both end. meet. The year which
has Just closed had n total revenue ~
t5i3. 000. 200 a. compared with s5ii..
600. 1000 for IN" year which closed with
June 30. 1907. a gain ~ $1,000 900. Ex-
pendi'urrs for the year were s561..
0o0.oo0. ns against sjss. O0o 600 In the
preceding t~Wciycmunth. a gain ~ s3I'
oO".nnN. The deficit In IN" year Just
closed ~ thus sslo0O.o00 ~ com
pared with u surplus IL the year end.
Ing with June. 1906 ~ $4,000. 000 In
~. year 1901. however. the cNpcndi
turc uf $50 GO. 900 for the pcnama
canal and the loan ~ sl.G1O 10U 10 the
Louisiana Purchase exposition are not
included In thos" figures 81 eypcndi.
lures. The worlds fair loan was paid
back In the hzcal year Just closed aud
the outlay ~ account ~ the Panama
canal. ~ course. was no, properly
chargcahlc to tho regular government
al expenditure The government In.
come vas larger than was looked for
hall a year ago. hut this was much
more than onset by the unexpected
expansion In the ontgo
OF the So cocoon OF an Increase In
the governments ordinary cNpcndi'
tnros In the year Just ended 81 600
ooo "a Tor the army aud $1,000 ooo
for the navy. or 81 nro 600 for these
two items. The Indians increased
the expenditures s~i,Ooo.0Oo and tho
various OUTLAWS grouped under the
heading ni civll and miscellaneous ac.
counted Tor Nl.Oo"u"o ~ Hn c,nan'
sion ON b other hand, there was a
falling on oi N."nu.N"n In pension
payments Il oi nm equal amount ~
other uttle items What thf balance
sh""t Wil u 81 'hc IN nl IN" nscnl
year which has just BEGUN II not
known u VIII probably he better
than for h year lust closed The de'
hrlt has had ~" 'nrct ui cutting
hnNh u appropriations Tot the y"nr
s'tu'lha man h"' ifen u"o"l ~ 'h'