The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-07-22
NATIONS income BIC
UNCLE SAM RECEIVED se7o,ooo, ,ooe
PAST FISCAL YEAR.
unsxampled Prosperity 10 Shown by
Figures Of the Treasury De.
partment--sso, 100000
Above outeo.

Washington Sam has en-.
joyed great prosperity during the
fiscal year which. for working pur.
poses, ended June 29. His income has
been larger than ever before, and,
while his expenses have grown, he
has a comfortable working balance on
hand, larger than at the close of any
year since 1890. with the single ex'
ception of the year 1902.
While the accountants at the treas.
ury department have not completed
their official figures, their records
show that during the fiscal year the
receipts from customs will exceed
1895 100000, from internal revenue
$272 100000 and FROM miscellaneous
sources $63,0O0,0 600.
This revenue of S670, 100000 is the
largest on record, being mere than
$70,000,000 In excess of the receipts
of last year The expenditures have
not grown at a corresponding rate
and will not exceed those of last year
by more than $10,00000O. Uncle
Sans bills during the year have
totaled about $3.50, 100000, SO that he
will show a balance of something like
$90,000000 on the right side of the
ledger.
Last years customs receipts OF
more than 5000, 900 established a
record and the fact that during the
present year customs receipts have
exceeded all previous records by
about S35,O00,000 will furnish argu.
ment for a revision of the tariff sched-
ules to prevent the unnecessary accu.
mutation OF money in the treasury in
excess of expenses Unless the coun.
try grows less prosperous during the
next l2 months or a decided decrease
is shown in the rate of growth of i'm.
ports the question of getting the
money which comes into the treasury
in the form of customs receipts back
into circulation will be a problem to
worry the secretary of the treasury.
While the revenues have exceeded
the expenses during the year by about
90,000.000, the working cash balance
in the treasury is approximately $7S,.
100000. Aside from the gold reserve
fund of $3.50, 100000, the governments g
general fund consists of $4,000, 900
gold coin and bullion, $73,00O,000 gold
certificates, $4,600.000 standard silver
dollars. $5,300,000 silver certificates,
$4000,000 silver bullion. $3.500.0 900
United States notes, $13. 100000 ma
tional bank notes, $S.s00,000 subsid-
larry silver coin and $1.650,000 minor
coin. The government has in national
bank repositories s1S2, 100000, and in
the Philippines s3,72S.OOO, or more
than $1S6,000,000 to be added to the
$3.50, 100000 in the general fund.
Out of this grand total of more than
376,000 900 the government must pay
liabilities In the form OF outstanding
cheeks and warrants, national bank
Ave per cent. fund, dlsbursing officers
balances, etc, to the amount of SILL
100000, leaving an available cash bal
ance of $685., 100000, of which at least
S7S,000,000 is a working balance, free
from incumbrance, TO be applied to
such purposes as congress may desig-
nate.
The internal revenue receipts have
grown at a remarkable rate during the
fiscal year, exceeding the receipts
from the same sources during the pre-
vious year by about $22,000,000.