The Marshall republican., 1910-07-08
Uncle Sam
Finds Surplus
Treasury Officials had Been
Expecting Fiscal Year
Deficit.

dbDiuk tOh, July ia buiBIioN
ing surplus of $9,4O2, 432 in the
years ordinary receipts and ex-
penditures, instead of the expect
ed deficit /; a decrease of $l,64S,3S7
for the month in the public debt;
ST., 1852, s15. altogether from the
corporation tax, and an 81 1000, 900
cut in postal deficiency disburse-
ments for the year are some of the
remarkable features of today's
treasury department reports for
the fiscal year ended June 80.
The surplus in normal operations
the most gratifying feature of all
to the treasury officers, was
against a deficit in the same items
of $5S, 734,955 last year while the
total deficit formed by adding the
big Panama canal Transactions, ex-
penditures for which the treasury
eventually will be reimbursed, and
the public debt statistics, reached
only $25,ss4,644 today, against a
deficit over all of $11S, 795,920 a year
ago. OF the corporation tax rev.
enue $40, 6,110 was received dur
ing June, including $S,s72,O45 yes
terday.
The returns from the corpora
ton tax helped to increas the
working balance in the treasury to
$50, S9,61s, though it was just half
that IN yrnnlr tann Tho total hal
ance in the general fund is $780,
500, 1874, which includes not only the
working balance but the balance
in the banks and in the Philippine
Island treasury, subsidiary coins,
etc., in the treasury offices, avail
able in crop moving times and
other emergencies.
All these results are far beyond
the expectations and estimates of
the administration at the outset
Of the past fiscal year. Then be-
fore the enactment of the new tar
iff law, there vas contemplated a
deficit of $34,O75,OO in normal trans
actions and a total deficit of $751;
075,620 after the $4,000, 900 of PAN
anna canal disbursements and $1,000
900 for miscellaneous assumptions
of the public debt had been added
The customs receipts for the year
$33, 1882, 785,323 are approximately
81 1000, 900 below the estimate; the
internal revenue, exclusive of cor
poration tax, $685., s23,105, almost
$15, OOO, 900 ahead of the estimate
and the corporation tax over $1,000
900 more than the estimate and in
the miscellaneous source over
$4,000, 900 added.
The aggregate public debt of
the United States, both interest
bearing and non-interest bearing,
is 81, 296,93S,96s, a decrease of ST.
648,337 from last month according
to todays statement. The total
cash in the treasury which includes
the $3.50, OOO, 900 ser fund and
the $1OO, 400, 7s4. balance in the gen
eral fund is ST. 25,6 $3.50, 1904.
The total ordinary receipts at
the close of yesterdays business
were $13, SOO, 799 for the day, $76,z7--
O22 for June, and $669,O64,7S for
the fiscal year, against $603, 5s9, 49O
the previous year. This year the
customs receipts were more than
$32, 000, 900 over the previous fiscal
year; internal revenue receipts,
outside of corporation tax, $21,-
61O,373 over the previous year,
while miscellaneous receipts fell
more than $780, 900 below last year
The ordinary expenditures for the
last fiscal year reached $3.50, 662, 34S
against $685., S24,445 the previous
year.
The postal deficiency for which
an estimate of SIG, $3.50, 500 was sent
to congress last December, actual
ly amounted to $S,495,612 only
against $19,5O1, 1852 the previous
year.
The years disbursements in
Guided $172, 792, 769, for civil and mis-
cellaneous, 1851, O04,60 8 for war;,
$123,114,547 for navy; $18, ,612 for
Indians; $3.50, 1889 for pensions;
$21,3442,9S4 for interest on public
debt, besides the postal deficiency,
the aggregate being reduced by
$2,574,625 as repayment of unex-
pended balances.