The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-06-10
BIG SURPLUS ON HAND.
Governments Ledger Is O,OOO, 900 to
the Good for the Year.

Washington, June 10.-At the close OF
business Saturday the surplus revenue
or the government for the present fiscal
year totaled $70,0S9. 942, 44O. There was
also an available cash balance in the
treasury of $259, 452, 237. As.
The total resources for the 6.429 ma
tlonaI banks under the call of May 20
amounted to $s,476, sol. 434 This is an
a year.
The individual deposits are now s4.-
80 SSO,l4l- A year ago they were $4.-
zoo, 1886, an increase of nearly $780,
A year ago the government had on
deposit in national banks, $50 800, 900;
today 1t has over $40. 000. 900.
Another convincing sign that the good
times are still with us and the country
Is prospecting as never before, is the ire
mehdous gains reported in the postal re-
celpts. No department of the govern
ment so correctly reflects the business
conditions as does the postoffice.
PostOffice Records Broken.
The last quarter, ending March 81, was
the greatest in the history of the coun-
try for postoffice receipts. Since then
the gain has shown a decided advance,
and 1t is estimated that Uncle Sam will
have been paid over $3.50, 600, 900 for car
rying the letters of his fellow citizens.
This will be an increase from 1857, 900 900,
the total receipts last year, and the de-
felt which has been the bugaboo of all
postmaster generals and all congresses
for years will be reduced to the smallest
figure in years. 1t was $14 900, 900 two
years ago; last year it was cut to $1O,-
100000. and it may be less than half
that this year, despite the natural in
crease in the running expenses of the
department and the extensive enlarge
ment of the rural free delivery service.
This prosperity in the postal service is
quite general in all parts of the coun-
try. as was shown by the readjustment
of salaries of the postmasters, every
state sharing in the increases made for
next year.
No Cause for Alarm.
Secretary Wilson of the department
of agriculture, who has just returned
from the trip through the west, be-
lieves that the crop conditions have
been exaggerated and is by no means
inclined to regard the situation as
calling for an excess of pessimism.
AS a matter of fact, the heads of the
government can see no genuine cause
for alarm when the customs receipts
and internal revenue taxes are break
ing all records, and when the surplus
for the year ending with June 80 will
show that the expenses of Uncle Sam
will be over $S0,00O,0000 less than his
income. Nor do they believe any one
should get worried when for every
one of the S0,00o.00O of people in the
country there is $55 on deposit in the |
national banks, not taking into ac-
count the vast sums in the state and |
private banking esta blishments of the |
country. They regard the fact that !
he American public Is disinclined to |
overspeculate as a healthful sign and |
4 demonstration that as the people |
grow more prosperous they are more |
Inclined to conservatism.
At the same time the treasury figures |
demonstrate clearly that we are living |
Up to standard never before attained |
n this or any other nation. This is |
he receipts from customs and internal |
'evenue. We are buying in foreign |
markets at a rate never before dream |
ID of. Up to date the customs have |
letted over $3l2, 600 900, and If the aV- |
rage of about S1.00O000 a day Is main /
aimed until the end of the month, when |
he fiscal year closes, they will go close /
o $525, 000, 900, or $25,00O,OO0 more than
asst year.
The internal revenue receipts also
how an increase bearing out still fur
her that the average American is de-
lying himself none of the comforts and
he federal income from this source for
he present fiscal year will reach in the
of $265. O00, 900, an increase
# SIS, 900, 900 over last year.
1t is estimated that the surplus of
ver $1,000 900 that now exists will go
o over $S5. 900. 900 by June 30. for at
hat time all the unexpended balances
will be returned to the treasury. Dur
ng June a year ago the surplus grew
rom So, 500 600 to over $25, 900, 900 in the
asst three weeks of June, and the rec
I'd so far for the month is way ahead
f last year.