The Plymouth tribune. (Plymouth, Ind.) 1901-1911, 1907-07-11
STORY OF A GREAT YEAR.
Tale of the Fiscal TveIvemOnth Il
Pleasing Cine.

cycle of his own, and il closes on June
80. For him 1907 ended on that date,
although the 1907 of the calendar
will last for six months longer. The
divergence between the governments
Official year and the year which fig
ureS in the ordinary industrial trans
actions of the people sometimes con-
fuses but it is the tale which the year
tells that is important And the tale
which it tells will please the coun-
try.
All the governments great financial!
transactions have been on a larger
scale than ever before. Its income and
its outgo leave all former figures be-
hind. In his annual report to Con-
gress last December the secretary of
the treasury estimated that the re-
ceipts would exceed the expenditures
S5S,OOOOO0 in the twelve months end
ing with June 80, 1907. lie was $27,-
100000 under the mark. That was the
best guess which could have been made
then. The man who made the guess
A'UA liz lOA LfO A1OhbAo VI LIZ
fiscal year in his hands OF the time. and
he knew, moreover, that the revenue
laws would not be changed in the year.
For the year the governments re-
ceipts exceed its expenditures by $780,
100000. This compares with a surplus
of $25,0OO,OO0 in 1906, a deficit of $685.
100000 in 1905, and a deficit Of SAL
100000 in 1904, and a surplus Of S54,-
100000 in 1908. The surplus for 1907
is larger than for any year since 1889,
when it was SSS,O00O0O, except in 1902,
when it was S91, 100000. Save in
those two years we have to go back TO
the old flush days of 1881, 1882, 1888,
1884, 1886, 1887 end 1888 TO find any
the account than that which is rolled
up in this year. The SURPRISES which
used to keep the treasury chiefs, Fol-
ger, Gresham, Mccullough, Manning
and Fairchlld awake of nights may
soon come up to bother their success
sor Cortelyou. The governments out
lay is far greater than it was when
those men were in charge of its
finances, but the income in the interval
has expanded beyond the dreams of
any of them, and beyond any phophe-
cies made in their days. The present
Gen. Grant once said that it was easier
to handle a surplus than n deficit, a
piece of philosophy which Messrs. Car
;-Io MI fa1
were at the head of the treasury, and
when endless chains and the govern
ment's creditors were drawing it out
faster than its debtors were putting it
in.
The country's total foreign trade
was little less than $4,000 900, 600 in
1906. which left all former figures far
behind. The total for 1907 passes the
$1,000, 100000 mark. In both exports
and imports all former records are
beaten this year. The increase in the
exports show us that we are gaining
a larger and larger share OF the worlds
markets, despite the competition Of our
European rivals. In manufactures the
competition is especially active, and
there our gains in 1907 over 1906 are
particularly striking. Bank clearings
and railroad earnings are above all the
figures of the past. and they are fair
index of our Industrial and commercial
activities. The big increase in our i'm
ports shows.that our producers are not
able to keep UP with the home demand,
and also show that our people have
more money to spend than they ever
did before, and that they are spending
it. Apparently railroad construction
is not quite SO great as it was year
ago, when all former records for sew
eral years were beaten. But rot only
are the roads doing more business
than they were last year, but they
are spending more money for inn
provements. We hear less about q
crop shortage for the year than we
did a few weeks ago, and there is
fair probability that last years big
figures will be equaled by this years
| output of our farms and plantations.
Not only are we doing more business
than we did last year, but we are do
| ing it under better conditions. The fail
ures in business are fewer than they
| were year ago. The figures COM
| piled by Uncle Sans financial officers
and by those of the great private ac-
tivities tell a very interesting tale for
! the twelvemonth.
VIII There he Real Campaign 'OS: