Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-07-01
FISCAL YEAR CLOSES
Uncle Sans Bookkeepers Close
Accounts for Year and
Open New Books
LIQUOR REVENUES DECREASE
ciearets Show Marked Increase in
Revenues - Temperance Beer" a
Source of Government Earnings =
Some New Problems Presented to
Federal Accountants, and Officials.

Washington. July l. - Today is
fixed by act of congress. passed Au-
gust 26, 1S42, when the fiscal year
ances will not be actually struck. how
ever, for weeks The red lines will
not be drawn until the receipt of the
final reports covering the trapsactlons
up to midnight Of June 80, 1908. in
United States and from every point. no
matter how remote, where a disburs-
ing officer or government agent han
dies an American dollar If the final
reports of the collector of internal rev.
enue at Honolulu vary even to the
extent of a half SNUFF stamp.
value three sixteenths Of cent, the
report must be returned for correc-
ton or verificaton and make the re-
turn journey half way across the Pa
cific before the nations books are
closed for the year.
The significance of the American ifs
cal year increases annually with the
wonderful growth Of the country. On
Feb. II. 1879, congress. by resolution
established the office Of secretary OF
the treasury. with a salary Of $1,000
a year attached. Five years later the
current expenses of the government
exclusive. of the interest on the public
debt, aggregated s455.00o. To meet the
expenses Of the government for the
fiscal year. 1908 congress appropriated
upwards of $500. 100000. 1t was esti-
mated at the beginning of the yeal
that the receipts from all source:
would total something more thar
1914, 600, 900.
There calculations provided for
surplus of $42,OOo,0oO in the revenues
for the current fiscal year, but 1t re.
mains to be seen whether or not the
books will disclose such a happy state
Of affairs Beginning with the finan-
cial stringency that developed earl!
last fall. there was decline in thu
customs and internal revenue which
continued turnout the remainder OF the
wear A considerable deficit is now ap.
parent.
Liquor Tax Decreased.
A fact in connection with the clos'
OF the current fiscal year that vii
probably give comfort to the pronibi.
ZIONIST Is that one of the largest rem:
in the reduction Of the revenues of the
government is in the receipts from thu
tax on distilled spirits. The extent o.
the falling off from this source canno
be accurately stated prior to the ap'
iipeararce of the official report. bu
from data now made public 1T is evil
dent that the receipts from distilled
spirits will show loss of approx.
mately $2O,0OO.0O0 as compared witt
the fiscal year 1907. This will yer,
much more than overcome the gair
made by distilled spirits In the pre-
vious fiscal year. when the receipt.
| showed an increase of upwards OF $l2.
| 600 900. or consumption Of more thar
| II 200, 900 gallons in excess OF the With
drawals during the fiscal year 1906
One feature. however, of the curren
wears collections from distilled spirits
calculated to be more or less d1squ1et
ing to the prohibitionist, is, despit'
this evident reduction in the consump
ton OF ardent spirits, the figures nov
available indicate an increase of 2,5O'
retail dealers in intoxicating liquors.
| The falling off in the receipts from
i distilled spirits is due to three causes
| the depression in business following
the monetary stringency which begar