Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1909-07-07
GOVERNMENTS BIG FIGURES.
Deficiency of "OnIy" $S0,811, ,t58.
Gall on Government Depositories.


officials are pleased at the present
showing of the government finances.
Ordinarily a deficit in the govern
ment revenues OF SS9,811,156, as
shown by the statement Of July 1st,
would not be matter of congratu-
lation. Nevertheless, at the close OF
the fiscal year 1903, the treasury Of
ficials express much qualification
that the official estimate Of a deficit
OF $114,000,000 made last Decem-
ber has not been verified, and are
hopeful for continuance of the i'm
provement which has been especially
noted during the last four months.
Since the December estimates were
submitted to Congress, however, the
receipts and expenditures have
shown marked irregularity, and as
late as February last the expendi-
lures were increasing at such q rapid
rate and the revenues falling off SO
sharply that 1t was greatly feared
the balance on the wrong side of the
ledger might, by the close of the fis-
cal year, reach $13O,00O,OOO. But
n slight uptun in customs receipts
was noted about the middle of De-
cember.
Improvement was slow, however,
until about the beginning of March,
when large importations were be-
gun, most probably induced in part
hx, ,,tc IL.
result, both OF improving revenues
and the strong holding down Of ex-
penditures, has resulted in a greatly
reduced deficit.
The customs receipts for the year
aggregated $301, ,209,S63, which is
an increase, as compared with last
year, of 100000. The internal
revenue produced $246,329,0 a
decrease OF about s5,O0O,00O. Mis-
cellaneous receipts aggregated $780,
893,919, which is falling off of
about S6,50O,00O. The receipts
from all sources during the year ag-
gregated $6O4 ,432,S46, which is an
increase over last year of $780,
O0O.
On the side of expenditures the
total for the year was 4,244.OO2,
which is an increase over 1908 Of
about $4,000, 900.
The civil and miscellaneous en-
penditures amounted to Sl64,2SS,-
53S, an increase of $5,OOO,OOO over
last year.
The war department expenditures
aggregated $1Gi ,1OO.242, an in
crease of $40, 900. The navy
account is the only item in the list
to show a decrease, the figures for
the year being $ll5, 5,9SS.S69, as
against S,7S0,233 for the year
1908.
Pension payments for the year
amounted to $l61 ,6S9.423, an in
crease Of about IS, 100000.
The expenditures on account of
the Panama Canal were $6.O0O,OOO
less than for the last year, being
$31, ,42O,2S6. 1t is fully expected
that the new fiscal year will start
with a series of monthly deficiencies,
notably for July, when the new ap-
preparations made by Congress be-
come available.
July last year resulted in a def
cheney of $24,86S,OOO, and this
would have been nearer $3O,OOO,-
600 had 1t not been for the anticipa-
tion of about $5,OOO,0O0 represent
ing the last payments to the govern
ment on account of the settlement
of the Central Pacific Railroad in
debtedness. 1t seems probable that
the deficit for the present month Of
July will be between $10,0OO,0OO
and $14,000,000. 1t was in view
of the certainty of a deficiency for
July that Secretary MacVeagh has
called on national depository banks
for return to the treasury of $25,-
900.
The treasury working cash. now
standing at about $4,000, 900, will
be raised by this call to about $67,-
100000.