The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-03-17
SOME TREASURY
FIGURES GIVEN
Outlook Is Better Than for
Months, According to the
Assistant Secretary.
READY CASH IN ABUNDANCE
NO TRUTH IN REPORT THAT NU-
GLE SAM is HARD PRESSED.

Washington. March 16.-Declaring the
treasury outlook now is better than in
months. Assistant Secretary of the
Treasury Coolidge today authorized a
statement giving figures TO show
marked improvement, so far as govern
ment receipts are concerned. The state
ment follows:
There is no foundation for the report
that the payment Of more than $4,000
600 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 pay
ments are postponed.
"All claims are met as fast as appro-
priations therefore are made by con-
gress. While the appropriations and ex-
peDdituTes of the government are in
creasing annually and the expenditures
for the current fiscal year are largely
above the revenues, the available cash
in the treasury is equal to ali demands
that may be made upon It for a time.
The revenues from imports have re-
Gently shown substantial gains, and
should these continue the treasury is in
good condition to await the readjust-
ment of the tariff
so far from the treasury being in
0CSBGicAt way the UullOUk - UtNttt
than for months The revenues for the
first fifteen days of March have been
s2s, 43G. 756. as against $50, ,256 for the
corresponding period year ago. while
the excess of expenditures over re-
ceipts for the same period has been 81,
509, 243. as against A,374, I43. The rev.
enues for the first fifteen days of March
were greater than for any correspond
ing period in the past five years.
THE excess of expenditures over re-
ceipts for the fiscal year to date is $751;
s71 .223, slightly in excess of the estimate
of Secretary COrtelyou at the beginning
Of the last session of congress. The
average daily excess of expenditures
over the receipts for the entire fiscal
year to date has been 2340.5S In Janu-
airy the average daily excess was 1901 .
414. Had this continued, as seemed pos
sibIe for a time. the outlook might
have been less favorable, but since the
first week in February there has been
a marked Improvement.
The new administration comes into
Office with the general fund of the
treasury in as good condition as If was
at the beginning Of the administration
which has just ended. The avaiiab bic
cash balance on March - was 1885, 0S7.-
1893. On March Is. 1908. a the beginning
of the last administration. the available
cash balance was S141,4 ,496. and BY
Aug, %, 1905, it had fallen to s129 1914. 10.
The working balance on March IL. 1909.
was ss0.561.544. On March Is. 1905. it
was S36,s70, 704.
The free gold in the treasury general
fund on March IS. 1909. was SS1.531. SOS.
On March 10. 1905. it was only s57 .5ss.
$50. The gold coin represented by gold
certificates outstanding on March Is
1905. was 1913, SAG. 969 Yesterday IL was
Ss52. s1s.S69. The receipts from customs
during the first fifteen days Of March.
1905. were s12.1S6.953. During the first
fifteen days Of March. 1909. they were
$l4.37S,I43. From internal revenue the
receipts were S9.776.113. as against slO.-
511 .954 The excess of receipts over ex-
penditures on March 10, 1905. was s1s9-
754. On March Is. 1909. IT was S534,959.
Thus 1t will be seen that conditions
do not justify the disturbing reports
which have gained currency"