New-York tribune., 1909-05-03
DEFlC[T SHRINKS
corernment Receipts Erceed Fore
oqst-Changes by Controller.

,-, circular OF the National City Bank says
~. f-1,-,zement in government receipts during
. . Tss+ two months and its bearing on the PROB
-, IL o,,ouut Of the deficit for the fiscal year;
INST surprising feature in government finance
,--i1g the last month or rather ouIlhs tle 1ass @
-S5ortFs relates TO the Improvement whicn mas
aksn !56gs P!4Ss IN eHST S to epeSta5ios expressed
y some leading IIeGsqggg m f as 8 is nat Tine as
T5i T1six 10 be s1350e9o0 Tor the fiscal year 10 enQ
June u viii be recalled that the Secretary Of the
ls.-Sv-v on the basis of existing legislation SUD
I,stsd 70 Congress at the beginning Of the Decem-
SscaI year amounting TO S14'V,ov1 ana jLal an an
- But even this IS not likely 10 be reached so
sTeat has been the recovery when en- has h@ c@Ae the
W. nov passed there is shown an actual Ge-
fcsn1cx - f last December Of deficit Of S1l400o00
Esy ana June must together produce a genG;f ;,5 O{
: ssacency OF SS,oO0.00, at a time when receipts
were VT5ess the recent improvement in customs IS 10
.tSs1sCounfed for as temporary advance IN anuc'-
patton e., e ng% 7T@posed aS new Tar il may be that
sascisnCy for the year will tal below t1e ahnuaI
sfnste hitherto regarded as fairly ciose 20 aC'1 %
essrI+s There is some reason TO beneye that lie
Improvement noted is net temporary; 2es que 5i Il
.,so,s In6eed senator Aldrich, in his speech sup
porting the 1TI i Is IaSt Took pains TO point out
ibaT the character Of the Iess4Ilon pIop9Seu ~, w.
has been CUTIE ~ Ia res resIt that the month closed
win Ge-icI Soyvste- with deficit FOR the same
ogf5 lsy9Tsql,gt lsst Res- Of more than $5c0O0
Is srrrisrlg also to note that April disburse-
-,s7-s this year 10000 less than Tor -APt.i'
s : his favorable turn suggests either that some
portion OF expenditures in large amount S o
eHticpated by heavy outgo IN previous menus "a
IesT make UP in increased disbursement ior the
fsTorabie showing made BY April
y discussing the measures taken by the Con
,-oTler Of the Currency for the Improvement OF me
rethods Of administration Of his Office The clTculaF
says:
The plsn Of cooperation between clearing house
sva-1iners and national bank examiners lhauSu-
lied bv the Controller OF the Currency q lnOILLl
ago as announced n the April issue o. LIS LIS MIR S
lszdRg 1TIs~ has 6ecided 10 extend this plan to
cjesrng house associations, whether such associa-
fions have their examiners or not II Is tLlS
,1Tsen -. national bank examiners and the clear
ing house associations, SO that no matter WhellTI
LIE sn5 rrdeIv oreanlzed they can II they desire
Utilize the results OF the work O. natohs4 paiA
In line with the effort toward improved admins minis,
+ration IS the practical use WLlcn Il 49, 81 -
made Of the answers 10 the quesIoI-s - tSs
fsrk directors last November. An analysis OF ihsSs
answers is now being made, and the nailonal Dan! oah
examiners have been lnstruClec 70 stoLl-I ir
: lisr Of al banks in their districts whose cuIu!Ilo4
they consider poor. The banks IN this ciass WlGSe VI
condition IS due either Ia Nf!oLS u u, ta-5 ~ ii
different attention on the part OF the Doarus O a.
year in the presence Of directors, who Viz ps ce1
upon 70 give the examiner lne pene-lI , oI IN. NJ
indorsers and the suficency OF all collateral held
sp6 the actual value OF ali the assets OF Jhe pdl-h
T01-inr the month the Controller has had com
pIie6 extracts from reports Of national bank eA-
sminers relative defaulting officers and enploZeS
OF national banks covering oefa catio-ls al iLISI
o5s ~ concealuent- The compilation contains d
l7iS-o@v Of tift1-t7o separate and distinct plans
which have been used TO defraud the banks. II IS
not intended for general Distribution. eII Io5 a I
use only OF bank examiners, both state ana Ia
fional and the object of the compilation IS 70 &C
quaint ali examiners with the various JhelAonS 'li'
Lave been ernpIoyed 20 commit fraud
All banks viii be interested IN knowing tliel nc
rsU made bv the Controller for STATEMENTS q con
di-io1 al he close OF business. April >, was fol-
Lowed Immediately BY call for the same oay nlaoe
hv all state hank superintendent IN me C'l-tsu
States This Is the first time in the history OF PAM
irr IN fhis country that such simultaneous calls
have been made The matter was arranged WIN
The state superintendeuts by the Controiier tlIol
Ire president % the State Bank supeTlnt
Association. The reports OF condition 70 be ulalS
~ state banks viii be blanks exactly loeillICel
with the blanzs upon which nationa! banks mae
their reports These Simultaneous cans tOI IePo
10 be made On uniform blanks VIII enaoe me d
tional Monetary Commission 10 obtain peter lues
of banking conditions than has heretofore neeu
possible.