The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-04-30
TREASURY DEFICIT GROWING.
ZIP TO YESTERDAY 1T WAS MORE
THAN SSI,OOO,OOO.

N,y ne Reduced to S34 900 900 by June
40. the End OF the Fiscal Year-EX.
pepditures Have Increased IN Larger
RatIO Than Receipts Have Decreased.
WASHINGTON. April 2o.-Tbe expendi-
lures Of the Government exceeded lis cur
rent income by more than 100000 In
hnru and the Treasury deficit for the first
Ten months Of the fiscal year Ia upward Of
p4OOo.oOo. As told In THE SUN several
days ago, Secretary Shaw has consulted
with the actuary Of the Treasury Depart
rnent with the result that he IL assured the
deficit for the fiscal year ending June 80
next will not exceed $4,000 900 and that It
will probably be below that figure.
Other officers Of the Department are not
SO confident. The months OF May and June
nearly always show a balance on the right
side Of the Governments big account
hooks. but il il regarded as a slim chance
that the receipts for the last two months
If the fiscal period will exceed the eXpendi-
urer by as much as SO 900, 0OO Mr.. Shaw's
estimate Of this years deficit made about
twenty months ago, was $4,000, 900. Many
rsr-ons who are familiar with the finances
OF the Government believe this years
shortage will not be less than $40, 900, 900, and
predict that It may reach $40 900 900.
To-day was the last business day In April,
and the figures shown in to-day's Treasury
statement are subject to only slight COR
rection for the month According to this
statement the receipts Of the Governemnt
in April amounted to $50 IT'S 1882. and the
e.uenditures to ti9,Ol5,OOO The deficit
for the month was, therefore, 50, 1881
The receipts In April we're considerably
smaller than those Of the same month in
jaDl, and thu expe lditures increased In
A larger ratio than the receipts decreased.
In Apri, last year, the current income
amounted to Al, 529, 42l, and the disDurse-
ments footed up A7,iSo,OOO. On April
% # last year there was a surplus In the
Treasury for the fiscal year amounting TO
S2,i2S. $40. although there had been a sub
stantial deficit at various times during the
h-t ten months Judged by the relation
Of income and outgo alone, the Treasury
WIS better of last year at this time by
more than $4,000 900 than it is now.
The problem Of thu deficit Is a serious one
in the opinion Of the treasury officials. The
cash balance in the Treasury has declined
Vi Sl3s 1871 III, including the amounts held
Nv the national bank depositaries, and
Secretary Shaw has found it necessary 70
withdraw from the banks $50, 100000. The
cash balance actually on hand IN the Treas
Vry has fallen below the point Of absolute
safety.
will certainly cut large figure in the pro-
posed revision Of the tariff law, for the
mainstay Of the Government is the income
from duties. The customs receipts during
the first ten months Of the current fiscal
wear are less than those Of the same months
. In the last fiscal year, although there has
been an enormous increase In impoTtations
af foreign products. The importations,
however, have failed 10 produce a larger
revenue, because the increase in importa-
tions has been largely in those classes Of
goods which are included in the free list
Of the Dingley law. For example, there
has been a phenomenal growth In imports
ut raw materials for manufacturers, many
(Which are not dutiRble or are dutiable
AZ q low rate.
The Customs receipts In the first ten
months OF this fiscal year have amounted
30 t2i9 $50, 4s6, as against 500, $40 ,e65 in
the corresponding period OF last year,
There has also been slight decrease in
-rSceipts from internal revenue, the income
from this source for the first ten months,
hot including the last day Of April, which
ttlls year falls on Sunday, being t1o2, 100. oo7,
- against SIU3, IFS, S72 in the same months
81 the fiscal year 1904. On the other hand
The receipts from miscellaneous sources
.baye inbrRased from SCI, s25, 1872 to $50, 49,
aGS6t -. -.
:. The increase OF about $50. oOO, 900 in cur
Tent expenditures Of the Government
AulnR the INST ten months OF the current
fiscal yoar was due chiefly to the large
Disbursements for the naval establishment,
Apd, in a lesser degree, TO disbursements for
uiYil and miscellaneous objects and for
Indians The navy has cost $4,000, 900
mbre during the last ten months than il
did in the same months Of the fiscal year
Of 1904; the expenditures for civil and mis-
cehaneous purposes were nearly 3, 900, 900
greater, and the disbursements on account
Of Indians between 5000 900 and 81 900, 900
greater The total expenditures for the
navy IN the last ten months have been
$40 4lB, 800 az agsinst SS4 400 1877 In the firBt
ten months Of the fiscal year 1904.