The Ogden standard. [volume] (Ogden City, Utah) 1902-1910, 1909-03-17
DEP AR I MEN I.
ABREAST OF
DEMANDS
Treasury Outlook Better
Than in Months, Plenty
of Ready Cash

Washington, March 16.-Declaring
the treasury outlook now is better
than In months. Assistant Secretary
of the Treasury Coolidge today author
lied a statement giving figures to show
a marked Improvement So far as gov
ernment receipts are concerned. The
statement follows:
There Is no foundation for the re-
port that the payment of more than
fifty million dollars of claims against
the government has been postponed by
the treasury for want OF ready cash
The department is abreast Of demands
upon it, honoring acquisitions. and no
necessary payments are postponed
"All claims are met as fast as ap-
propriations therefor are made by con-
gresS. While the appropriations and
expenditures of the government are in
creaslng annually and the eXpendi-
lures for the current fiscal year are
largely above the revenues, the avail
able cash In the treasury is equal to
all demands that may be made upon 1t
for time, The revenues from inn
gains and should these continue the
lltdSulY 10 III 6Oou COuulllOn 10 DIV dit
the readjustment of the tariff
$50 far from the treasury being in q
desperate way. the outlook Is better
than for months. The revenues for
the first Is days Of March have been
s26.430.756, as against $40 256 for
the corresponding period year ago.
while the excess of expenditures over
receipts for the same period has been
S1,509 ,243, as against $4,374.743. The
revenues for the first Is days of
March were greater than for any cor,
responding period In the past five
years.
The excess of expenditures over re-
ceipts for the fiscal year to date Is
SS7.S71 .22S, slightly In excess of the
estimate Of Secretary Cortelyou at the
beginning of the last session OF con-
gress The average daily excess of eX-
penditures over the receipts for the
entire fiscal year to date has been
$340,5S6. In January the average
daily excess was S501, ,414 Had this
continued, as seemed possible for
time. the outlook might have been
less favorable, but since the first week
in February. there has been a marked
THE new administration comes into
office with the general fund Of the
treasury In as good condition as 1t
was at the beginning Of the admins
tration just ended, The available cash
balance on March 15 was S135. 5.0S7 ,995.
On March Is, 1905. at the beginning Of
the last administration. the available
cash balance was $141 ,49S, 1876 and by
August %, 1905, it had fallen to s123,
794,7l0. The working balance on
March Is, 1909 was $50, SCI, ,544. On
March Is, 1905, II was s36,s70.704.
The free gold In the treasury general
fund on March Is. 1909. was SS7,531.-
S25. On March Is. 1905, is was only
s57 ,5SS,2 $50. The gold coin represented
by gold certificates outstanding on
March Is. 1906 was S519.649, ,96e. Yes
terday 1t was sS52,s7S.S69 The re-
ceipts from customs during the frat |
Is days of March, 1909, were $12, 1856. |
953 During the first 10 days Of March |
1909. they were 14.378,743. From in
ternh revenue the receipts were So |
776 113, as against s10,511 ,954. The |
excess of receipts over the eXpenii-
lures on March Is. 1905. was s1S9.-
754, On March Is, 1909. 1t was 1884,
959
Thus 1t will be seen that conditions
do not justify the disturbing reports
which have gained currency"