Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1909-09-12
THE GOVERNMENTS
a. OUTLOOK.

THE GOVERNMENTS BRIGHT
OUTLOOK. =.
st. Louis Globe-Democrat: Wash
ing and it's summer projection, Bev-
erly, ought to be more than pleased
by the story which August wrote on
the governments balance sheet. For
that month the governments income
fell 100000 short of it's outgo, but
the deficit was $13,000,00O in July,
which leaves shortage of $4,000 900
in the two completed months of the
fiscal year. This IS not much more
than half of the shortage for the
corresponding time year ago. AS
most. of the general appropriations
for the fiscal year become available
in July and August, the outlay in
those months is always heavier than
it is later on in the year. From pres
ent Indications, that threatened big
deficit which the tariff reviseps were
legislating against during the extra
session need not trouble the country
much. Not only will be the shortage
for the present fiscal year be less
than the $9s,O0OO 900 of the twelve
months which ended on June 80, 1909
but it will undoubtedly be far below
the $50, 100000 of the year which clos
ed with June, 1908. If it should turn
out that the deficit would be abolish
ed altogether this year the country
would heve no cause for surprise.
Customs, internal revenue and mig
cellaneous receipts are much larger
than they were year ago. For Sep
temher l. the income at the custom
houses of the country was nearly
double that for the same day last
year. This was an exceptional gain,
however. The receipts for both July
and August have left those of the
corresponding period of 1908 far be-
hind For the last three weeks of
August the new tariff, in most of its
provisions, was III operation. Its
work thus far affords fair presump-
ton that it will be much more pro-
ductive than was the act which it
displaces. OF course, large part of
the gain in receipts has been due to
the ::rade improvement. The people
have more money than they did
year ago, and they are spending
more. Imports are close to the
highest point ever touched. The ar
ticles on which internal taxes are
levied are being consumed faster
than they were in 1908. Thus the
total of the treasury receipts ex-
pands. To considerable extent this
is response to the business rally.
In the first two or three days of Sep
TENDER nearly $s0,O0O,000 is being
paid out in New York for dividends
and interest by railroad, Industrial
and traction corporations, as CON-
pared with s71,OOO,oO0 disbursed
year ago.
Here is situation which should
encourage Mr.. Taft to beam with
more than his usual cheerfulness
when he starts on his tour. Pros
perity reigns, and the government at
Washington thrives. Incidentally,
these are halycon days for the Re
publican party. A well-known Dem
ocratic journalist said, in the middle
Of 1907, that nothing could give the
Democrats victory in 1908 except
panic and a visitation by yellow fever
and Asiatic cholera The fever and
the cholera were absent In 1908, but
the panic was here. Yet the panic
profited the Democratic party moth
Ing. The dimensions Of the Repub-.
\ Iican victory were almost as big as
they were in the Roosevelt tidal wave
OF 1904. But in the congressional
canvass OF 1910, In which Mr.. Bryan:
Gov Johnson Of Minnesota and Rep.
1resentative Clark Of Missouri have.
been predicting Democratic victory,
we will have prosperity instead Of
panic, and the Demoeracy's chances
for triumph will be correspondingly
weakened. In the canvass next year
Mi. Taft has d large stake. The
success Of his programme Of Iegisla-
tion will depend upon Republican