New-York tribune., 1905-07-02
TREASURY'S CONDITION.
FISCAL YEAR REVIEWED.
Defcit s24 900 600 Com parison Of
Receipts and Expenditures.

Washington, July Secretary Shaw to-day
gave out the following statement reviewing tho
finances of the country for the fiscal year just
closed:
The actual deficit for the year just closed is in
round numbers. s2i,00o,000. or S6OO000o nlore
than the official estimate submitted ia the last
annual report of the Secretary Of the Treasury.
In the. preparation Of this estimate however, an
error OF $4 SOC, COO made. growing out OF ll,e
loan of that amount TO the Louisiana foi Gli'
Exposition. BY some nadvertence the aihouIiI o1
of this loan was deducted twice The eSti ,
deficit but for this inadvertence, wouio nave
been S22, 500 600. ,,
II may be interesting to compare the seNeraI
items of actual receipts and actual eNpeileis eNp.,t
with the corresponding items no IN one @ =; axcass
Customs receipts are about SS'oVe'VVV 1'- - 49,,
of +be estimate Therefore, receipts nave oeeh
about 50 500. 600 in excess OF the estiiii'e ei or.
In expenditures the foliowihS llent 4, %
worthy of note: The deficiency in posta4 re-
GENTS is S2o00000 in excess OF lhe es'itleo, r,;
there has been expended on the lstllll-ti I @ - -
Il OOa de0D more than estimated. ana on HIlsa-
fio1, projects S15o.090 more than estlnateu,
1ta-e has been paid under an appropriation oa iop
French spoliation ana otneT GIrli,s +rat has
more than estimated: the war DepaI iliaSiie me- ~ ~
nynended on rivers and harbors S0Uo.oo more
than estimated there has been expended ior tIis
indian service 81 100000 more than estlInatea
fS1:Y1 600 of which was an attorneys fee rot
anticipated): there has been paid IN pensions
81 10000 more than estimated, ana ol lii.eI
eet S5RatV0 more than estimated. On the olhsr
ban5 the NAVY Department has expended on
constrncfive work about 100000 less than
estimated. Several smaller items OF e&peiiultuie
make Up the difference.
The Favorable showing for June has been in
no degree the result OF manipulation CLAIMS
have been audited with the same rapldlty ana
maid as promptly as ever. Some appropriations
are exhausted, however, as is always the case
in the month of June.
The Secretary also announced some lmpor-
tant changes that viii hereafter occur in the
regular daily statement of the condition of the
Treasury, There will hereafter appear in the
classification of expenditures new item, known
rs public works" This viii be large, proba-
bly, exceeding S50O00Oo0 year. 1t viii include
expenditures for Improvement OF rivers and har-
bors, irrigation, public buildings and Panama
Canal The construction of military posts, ar
senals, navy yards, etc, will continue TO be IN
Guided in the and navy expenditures. The
expenditures of the character above indicated
for the last year have been kept from Gay TO
day, so that comparisons in the daily statements
between the expenditures i'll the current and the
preceding fiscal year viii appear.
Another less important change viii occur in
civil and miscellaneous expenditures. Hereto
fore salaries and contingent expenses of the
War and Navy departments have been carried
under the head civil and miscellaneous ex-
penses." They viii hereafter be carried as ex-
penses of the War and Navy departments, re-
spectively. This may render comparisons be-
Ttll be compensated for by accurate
statement of the actual expenses of the War and
Navy departments.
The monthly comparative statement of the
government receipts and expenditures shows
that for the month of June, 1905, the total re-
ceipts We're $47,950,777, follows: Customs.
S22.664.652; increase compared with June,
1904. SS1445. Internal revenue, $40 02,544; in
crease S139.S54 Miscellaneous, s4.5S3,5S0: in
crease, S5.S53.
The expenditures for the month amounted to
SS62SS.8 84S, as follows: Civil and miscellaneous,
$9,11OO65; increase, S1,4O0G0O. War, S6,S24,363;
increase, 81 100000 Navy, SS,4S0.64S: increase,
s46S 0GO. Indians. $S44.904: Increase. $4,000.
Pensions, 1865. I23; decrease $S09000- Interest,
S373,143; decrease, S54, 600.
The receipts, therefore, exceeded the eXpendi-
lures for the month by S12661 ,929.
For the fiscal year closed yesterday the
ceipts were S543423,S5e and the expenditures
1857, ,411611, having deficit for the year of s23
9s7.752. For the previous fiscal year the deficit
was s41,053,442.