The Washington times., 1905-05-09
TREASURY DEFICIT
GROWING STEADILY
Increased Over a Million in
Past Week,
SURPLUS NOT IN SIGHT
Secretary Shaw Will Do Well if He
Can Save $4,000, ,ooo in May
and June.
SURPLUS NOT IN SIGHT

The deficit in the Treasury is still
soaring upward. With a little over
seven weeks to reduce it to the $20,000, 900
mark. the figures showed yesterday that
the expenditures We're in excess OF the
receipts TO the extent OF S35, ,132, ,9S5, an
increase OF a little over S1oo0,000 in the
last week.
Two or three weeks ago Il Treasury
expert gave out Il statement. in which
he said that the months OF May and
JEne would show large surpluses, and
that the deficit would begin TO decrease
alter May l. Treasury officials all over
the country have been endeavorlng with
might and main TO reduce the eXpendf-
lures as much as possible, nut the Ilrsl
week in May has piled up a deficit OF
Sl,0l0, coo.
Prospect Not Bright.
There are perhaps but one or two Of
ficials in the Treasury who believe that
it is possible to bring the present deficit
OF over S35 OBJ. 900 down TO SIG. .000,0oo in
seven weeks. On the contrary. many of
them believe that If Secretary Shaw is
able 10 cut it down $40, goo he will be
doing mighty well.
Outside of Treasury circles the opin-
Ion grows that the defeit at the end of
the fiscal year will be S25, coo. 600 or more.
no what extent the present deficit will
Size of the surplus shown during June.
Financial experts do not believe that
it will amount to more than $1,000 000 or
Se,0000O0 at the most.
Deficit of $2s, ,ooo, 900.
Allowing a surplus of s.. 900, 900 for the
rest OF May, and we will still have a
deficit OF s25. 900. 600.
The receipts for the month of May
up TO yesterday amount to S11 .316,5 ,572,
while the expenditures have aggregated
81, $50. 900, deficit for the month of ST.
44S. 427. The expenditures last year for
the month of May up to the 9th were
81 590, 600. $3.50, 900 in excess OF those OF
this year. II the present status of ex-
penditures and receipts maintain during
the remainder of the year II is certain
that the surplus for the month OF June
will not amount TO anything like the
figures OF last year.
Money Raising Plans.
AS soon as President Roosevelt re-
turns TO Washington he viii be swamp
ed with suggestions for money-raising g
by the official and unofficial advisers of
the party who see IN the rapidly increas-
ing Treasury deficit a menace to con-
tinued Republican control.
IF the President follows his usual
course in this crisis. he will listen pa
tiently to all the advice that is avail
able. and Will then cut the Gordian knot
in the manner that seems best TO him
for the welfare of the country. In what
ever way he moves, he will probably
have the backing of the House of Rep
resentatives. and is just as likely To find
the Senate lined up against him.
The ''stand-patters'' OF the party Go
not want the present tariff disturbed,
AT any rate, they do not want the sched-
uIes lowered. They would probably be
quite willing to have the protective tariff
wall raised a few blocks higher.
They argue that lowering the tariff
10 bring in larger customs receipts by
the Increase in Importation of foreign
made goods, would deprive the American
workman of just so much pay. In this
view OF the case. the stand-patters viii
nave the ardent support of Secretary
Shaw.