New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-03
THE APRIL DEFICIT,

April brought the federal Treasury n deficit
OF S0,236S1S This is a worse showing than
seemed probable q week ago. Up to AprIl 81
the dehcit was $5,640,295-Only STE, 900 greater
than the deficit for the same period in ApriI
1904 But the last six days Of the month saw
receipts diminish and expenditures pile nm
The net loss from April a 10 April 80 was over
S35OOOOO; and the deficit for the full month
SS'Z66'olS-eXceeded that for April 1904, by
ABOUT S3IooUOO. OF the ten months of the
fiscal year now ended only one-July-showed
a bigger excess Of expenditures than ApriI
July's total was S1739O,612. Augustus was Sc
3S26OS and January's was S6,216,714 The def
cit for the year SO far is $33, III, 956-about 50
OOoOOO greater than it was on August 81 last
when eX-Judge Parker and other luminaries in
finance were predicting that the deficit by
May l, 1905, would reach at least Sl2O 600 OOO
In contrast with that prediction the present
losing balance is altogether unsensationaI AL
though 1t exceeds by few millions the limit
set for 1t in the estimates which Secretary
Shaw submitted to Congress some eighteen
months ago
The Secretary predicted that the 19O4'O5 def
cit would probably be about S1SOOOOOO IT is
now $33, 7l4,956. But 1t is certain to be re-
duced to some extent during May and June
Except in the three months OF July August
ana April this years business has held I'D fair
ly we'll to last years Last months receipts
fell about S1,T50,OOO below the receipts for
1904 while expenditures were about $1,000
900 greater. But for May and June the varia-
tons will be slighter. In 1904 these two months
produced an excess of ordinary receipts over
ordinary expenditures Of about S7.OOOOOO If
they produce in 1905 an excess of $4,000 900
the net deficit will fall to S277l4 OOO-wbich
Will be by no means discOuraging ending for
a year which started out with a deficit of SIT
100000 for July and $24OOOOOO for July and
August.
There has been practically no variation I'm the
1reaSuryS volume of receipts. For the first
ten months of 10000 the total was S451 612-
10 For the first ten months of 19O4'O5 the
total is $451, 7l4,149 But the Treasury has had
TO bear the drain of greatly increased expendi-
lures. In the first ten months Of 10000 the
governments outlay was $40 Ia. 334 This
year for the same period it has been S4s5. 429.
1Oo-a difference of more than $36, 100000 OF this
increase $l5,OOOOOO-a little less than half
has gone TO naval construction and the main
tenance or the naval establishment. The army
has cost Sl0,O00OOO more and the civil and
miscellaneous account is 100000 greater
ABOUT 100000 more has been spent on the
indian service. With stationary income and
increased demands from all quarters, the Treas
ury has fought a hopeless battle to make ends
meet 1t has done as well, ON the whole as
coulo nave been expected. The years losses
nave already been met out OF an available cash
DuIance, which stands, in spite Of these deduc-
uohs at $l33, 191, 900. Between now and June
90 there Will be no further losses. In fact there
is every likelihood that the Treasury will re-
cover a little ground. better balance has
Oeen struck between next years appropriations