The Washington herald., 1907-06-12
SIGNS ARE CHEERING
Departments of Government
Doing Large Business.
SURPLUS IS ABOUT $7s,OOO,OOO
Expenditures for Past Eleven Months
$4,000. 900 I'm Excess of Same Period
Widespread Business Prosperity.
Deficit VIII BE Reduced.

Despite uncertain conditions of the
money market, the gloomy outlook as to
crops, and the feeling of unrest in indus
trial and commercial centers, government
| officials declare that all signs point to a
continuance of the prosperous times that
have marked the experience of the United
States since 1897.
The National Treasury is filed to over
flowing. Receipts from all sources are
/ increasing at a tremendous rate; national
banks are prospering as never before, and
Uncle Sam is doing a land office business
at the stamp windows OF the 10000 or
more pOst-offlces throughout the country.
Surplus May Reach STS,OOO,OOO.
Things are looking up" said a mem
Der Of the Cabinet whose duty II is 10
keep in touch with business affairs. Our
prosperity Is on-a solid foundation. There
is no real reason in the world why It
should not continue uninterruptedly for
a long time to come"
The government had on hand in the
national strong box at the close Of busi-
ness last night an available cash balance
of $500, 1,924 year ago the cash bal
anCe was a little more than Sl7i0 00Q000.
The surplus in the Treasury amounts TO
81. .So4.976 The surplus for the fiscal year.
which will end June 30. will. in all proba-
bility, approximate y7S000,O00. Last years
surplus was more than $24.O0000 Re
ceipts for the year from all sources up TO
date make a total Of S622, S9S, ,6S5 as com
pared with S55S, 0Oi, ,95l for the correspond
ing period Of the last fiscal year
Expenditures Increased s5,OO0,0OO.
Expenditures for the little more than
eleven months of the year are $j5l00O, coo,
about 100000 ahead of those for the
last year
According to the latest report Of the
Comptroller of the Currency. the national
banks Tiave transacted a prodgious
amount Of business in the past twelve
months. Their deposits have increased by
more than $277, 10000 They now aggregate
1892. .SS01H. as against A,o55.S73 635 a year
ago The cash resources Of the national
banks totaled $7,7S422S,113 in June. 1906.
They have increased more than S692. COO 010,
now aggregating SSi76.J01, 434 Loans and
discounts have increased from S4206. SEQ 00
to si6311i3.ooo, while bank note circulation
has expanded from sJl6.oo0OO TO $553. go 600.
Big Increase I'm Postal Receipts.
Government authorities say there is no
more accurate barometer OF business
conditions throughout the country than
the financial division Of the Post-ofiice
Department II feels at once any falling
off in trade. no matter how slight and is
able 20 tell at glance whether business
is fast or slack. The fiscal year 1907 Will
be the banner twelve months period in
the history Of the postal service Receipts
will be considerably i'm excess Of SlS0Go.-
O1o. and in addition there viii be a mark
ed decline In the postal deficit
Postal receipts at the fifty largest post
offices In the month Of May aggregated
s7,356.7l as compared with S6.69,7iS in
the corresponding month Of 1896 This is
an increase Of more than $725.090