The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1909-03-17
COOLIDGE SAYS TREASURY is
PREPARED TO TAKE CARE
OF OBLIGATIONS.
OUTLOOK IS REASSUR|NG
Assistant Secretary Denies Existence
of Strinsency Necessitatins Post
ponement Of Payment of Claims
Against the Government-Depart
ment Is Abreast of All Demands.

Washington, March i6.-Declaring
the treasury outlook is better than in
months, Assistant Secretary of the
Treasury Coolidge today authorized a
statement giving figures 10 show a
marked Improvement, 80 far as gov
ernment receipts are concerned The
statement follows:
There is no foundation for the re-
port that the payment of more than
$50,000,000 of claims against the gov
ernment has been postponed by the
treasury for want of ready cash. The
department is abreast of demands
upon 1t, honoring acquisitions and no
necessary payments are postponed.
"All claims are met as fast as ap-
preparations therefore are made by
congress. While the appropriations
and expenditures Of The government
are increased annually and the ex-
penditures for the current fiscal year
a-e largely Gh,ve the revenues. the
available cash in the treasury Is equal
to all demands that may be made upon
it for time. The revenues from i'm
ports have recently shown substantial
gains and should these continue the
treasury is in good condition to await
the adjustment of the tariff.
Outlook Better.
so far from the treasury being in
a desperate way, the outlook is bet
ter than for months. The revenues
for the first Is days of March have
been $26,4S0,756, as against $2D.7S5,-
256 for the corresponding period year
ago, while the excess of expenditures
over receipts for the same period has
been $1,509.243 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
$S7, ,S71 ,223, slightly in excess of the es-
innate 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 en-
tire fiscal year to date has been S340,-
5S6. In January the average daily ex-
cess was $501,414. Had this contin-
ued, as seemed possible for a time, the
outlook might have been less favor
able, but since the first week in Feb
ruary there has been a marked i'm
provement.
Good Condition.
The new administration comes into
office with the general fund of the
treasury in as good condition as it was
at the beginning of the administration
which has just ended. The available
cash balance on March Is was $780,
0S7,993. On March Is, 1905, at the be-
ginning of the last administration, the
available cash balance was $141,498.-
436, and by August 23, 1905, it had
fallen to $123,794,72O. The working
balance on March Is, 1909, was $780,
561.544. On March Is, 1905, 1t was S36,-
$40, 704
THE free gold in the treasury gen.
eral fund on March Is, 1909, was $751;
531,S25, On March Is, 1905, it was
only $57,5SS,250 The gold coin repre-
sented by gold certificates outstanding
on March Is, 1905, was $519,649,9 ,969.
Yesterday it was $S52,S78,869. The re-
ceipts from customs during the first
Is days of March. 1906 were s12,-
lS6,953. During the first Is days of
1909, they were $14,378,743.
From internal revenue the receipts
were 9,7776,113, as against $10,511,954.
The excess of receipts over expendi-
lures on March Is, 1905, was $1S9,754.
On March Is, 1909, it was $534,959.
Thus it will be seen that conditions
do not justify the disturbing reports
which have gained currency"