Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1906-05-11
Uncle Sans Cash Account.

| SuSiC SdHl SdSu SNCCOpUts
With the end of the fiscal year less
than two months away there is every
promise that it will find a substantial
surplus in the United States treasury
in place of the deficit which the critics
of the national administration We're
gleefully and confidently predicting
not long ago. At the beginning of the
present month the government had
net balance to its credit of s3,959,61.
May and June usually bring a surplus
Of from $1,000. 900 to $4,000. 900; so tnat'
| in spite of the emergency demands
which have arisen since the san frah-
cisco calamity, the Treasury can count
on closing the year without trehchiis
on its available cash reserve-an
achievement it failed to accomplish
either in 1903-'04 or 19o4-'u3 April
this year brought deficit of $2,003,1S2
the first monthly deficit since
October. But the improvement in
Treasury conditions so noticeable this
wear has continued unchecked. In
Anril 1905. a deficit of $9,23G.81S was
reported. The month just ended shows
a gain. therefore. of s. ,233,6SG, which is
about twice the average monthly gain
for the ten month period. On April 80.
1905. the Treasury faced deficit of
$685. l4,95G. On April 80 this year there
was a surplus of $3,959,G1l-a change
for the better Of $37 ga ,627. The New
York Tribune explains as follows the
reasons for this gratifying condition of
This very satisfactory recovery has
been due to increased receipts both
from customs and from internal
revenue. The country has proSpered
and trade and consumption have eN-
banded. Customs receipts for the ten
months ended April 80 are greater by
81 .3Gi 900 than they We're for the same
period in 1904 %. Internal revenue
receipts have increased $l3. A.. 900 Dn
the other hand, miscellaneous receipts
have fallen off 81 9GI. 7S9-thiS decline
being more apparent than real, how |
yer because Of the repayment to the |
Treasury last year On $4,5U.000 pre- |
riously loaned to the Louisiana Pur- |
.hase Exposition. Receipts, on the |
whole. have been nearly $4,000. 900 |
greater this year than they We're last |
;ear But expenditures have been kept |
Utmost down 10 the l9n4-'oI level. The |
Increase 50 far has been only 200 GOO |
IN excellent record in view of the fact |
hat the ordinary expenditures of 1901 |
% ran $3l. 600 GOO ahead Of the ordinary |
of l903-'U4
THE economy exhibited by Congress
n the preparation of the general APP
)rOpratiOn bills would be made more
apparent We're it not for the drain on
he TreaSury'S cash of isthmian canal |
construction. Military expenditures
lave been reduced by $4,000, o00-s5.-
'00, 900 being saved on the army's ac-
count and 5000 900 on the navy'S. The
of the civil establishment |
laS cost S3,332 900 less. and 81 800 600 has
been paid out for pensions and in
indian expenditures. But the outgo
for public works has been increased by |
more than $1,000, 900. the larger part of
which should have been charged to Il |
special canal fund raised by bond sales
There is no good reason for Saddling
he expenses of the canal enterprise on
| generation which will not profit by
is operation. or for treating expendi-
ure for this monumental work as q
urrent Treasury obligation to be met
'ut of current receipts With this
nomaly in bookkeeping corrected ana
With a strict adherence to the policy Of
autiOn and economy in Congress. the
treasury can soon regain the ground
ost since 1903 ana easily satisfy an
legitimate natural demands in the near