Middlebury register. (Middlebury, Vt.) 1886-1937, 1908-01-03
"A General Revival In Business
With the New Year
GOVERNMENT SUFFERED
More Than $40. 200. 900 Drop In Re-
ce pts, Most of Loss Being Sus-
taired During December Gene "a
Financial Outlook Measuring

~ Washington, Jan. 1.-William b.
Ridgely, comptroller of the currency,
sounds hopeful financial note in
statement just given out. The new
year he Is confident, will bring gen
pral revival in business The banks
of the country, he believes, will soon
find il advisable to return to normal
cash payments.
Ia Il general review of the financial
situation the comptroller reaches the
conclusion that the blame for condi-
tions chat have existed the last two
months cannot be justly placed Oh any
man or set of nen. 1t is sufficient, he
thinks, to know that conditions are
rapidly improving.
The United States, like many corpora
Gions and individuals, has had bad two
months but things are looking better
all along the line, T. is asserted. Dur
ing the first six months of the fiscal
year, which ended with yesterday, the
governments receipts have fallen off
between $10,000OO0 and $1,000, 900.
Most of this loss in receipts was sus-
tained during the month just closed.
Since Nov. 80 customs receipts have
fallen off about $4,000. OoO and receipts
from internal revenue have dropped
about S2,000,0OO. 1t will thus be seen
L that about SS.00000O Of the $1O,5OO,-
1000 less. in revenue during the six
months occurred during this month
- The eXpendf lures of government for
last six months were 5SOOO,0OO in ex-
cess of receipts. For the same period
last year the receipts exceeded the eX-
penditures 10y nearly So 900. The
working balance in the treasury
Preached the lowest point in many years
last Saturday. when ii dropped to lit
tie less than $3,000,00O. A call for 49,
100000 of government money on de-
post with national banks has in
creased this balance the last two days.
1t is the expectation of the treasury
officials that the new year will bring
decided Improvement in government
finances. This expectation is based on
The knowledge that since about the
middle of October importers have been
ordering goods purchased abroad held
on the other side of the ocean until the
currency situation here showed i'm,
provement Information at hand indi-
Gates that these delayed shipments will
shortly come in, and their coming will
increase the governments receipts
from customs duties materially.
1t is also true, according to the GUS
toms officials. that imports have been
stored in warehouses since the middle
of October awaiting better currency
outlook. With the financial situation
generally improving these goods in
warehouse will be released and the
duty on them will be paid
The falling off in internal revenue re-
eeipts is accounted for by the inability
Of distilers to get currency in sufti-
eient quantities to carry on norma!
business. The hope and expectation
is expressed that soon after the begin.
ming of the year the internal revenue
receipts will return TO normal 1t Isl ad.
mitted 10y the treasury officials that if
these expectations are not realized the
government will face Il deficit of about
S50O0O.000 at the end of the fiscal year.
While the general financial outlook
from government viewpoint is reas-
',s..-'ir@. il is not such as to Warrant any
lavish expenditure of money by con
gress.. 1t is to be the settled policy of
the party leaders TO keep expenditures
down to the lowest point possible