Weekly journal-miner., 1910-02-16
GOOD SUM GIVEN
 ARIZONA FOR RESERVES
Special Correspondenee.l

| NOpeCldl OOITeSpOnuence.)
 WASHINGTON, D. C., Feb. 6. - The money reported to be expended on the forest reservations is: New Mexieo-Alamo s34,449, Carson $2s,- 971, Chirieahua (Arizona and New Mexieo) s21,131, Datil $42,9O3, Gila s47 ASA, Jemez s31, ,476, Lincoln $2O,- 21s, Manzano s14,776, Pecos $29, ,4s9, Zuni (New Mexico and Arizona) s1s,- Al. Arizona-Apaehe $31,414, Coco nino s5O,226, Coronado $24,212, Crook $27,712, Dixie (Arizona and Utah) s16,5OO, Garces s19,345, Kaibab $2o,- 400, Prescott $S3,s51, Sitgeaves s2s,- 074, Tonto s33,111, Tusayan $27, PA
 There are 15O reservations in the forest service, 14s in the United States proper and two in Alaska.
 The total expense of the forest service is s5,O43,7OO.
 The treasury statement for Janu- ary and for the seven months of the fiscal year ended with January will show only a nominal deficit in ordinary revenues For 19Os-09 the deficit was s9O, 1925; but that included abous $50 0,0O0,0O0 expended on the Panama anal. With only ordinary income and outlay being onsidered, the balance against the treasury on January 31, 1909, was $64,149,662. On January 31, 1910, the adverse balance was only s25,644, ,656, showing a gain on the operations of the first seven months of the year of $3s, s,5O5,OO6-
 Increased customs collections have been chiefly responsible for tho highly favorable turn in the tide They have risen from $161, ,770,0O0 in 19Os-O9 to $193, ,5s7 ,OOO in 1sO9-IO. There has been a gain of s10,0OO,O00 in internal revenue receipts and . loss of $2,5OO,OOO on the miscellaneous account. The net gain in receipts in the last seven months has been all most $40,00O,000. Ordinary expendf- lures have increased only $1,000,O00-
 
 down, because the ordinary outlay for 19O9-10 will probably exceed that for 19Os-O9 by at least $3O,OOO,OO0- But even allowing for a disproportion- ate advance in expenditures between now and June 30th, the present deficit of s25,644,6 ,656 is not likely to be materially increased, since there will be a further gain in receipts, as soon as the first new issue of Panama bonds is floated for $19,136,000 of current funds advanced since last July on the canal account can be covered back into the current resources of the treasury.
 The treasury's cash account looks low just now meeause so much cash has been tied up in the canal, and Secretary MaeVeagh has delayed is suing bonds to release that cash in the hope that current legislation may be first obtained which will prevent derangement of bond values. There is reimbursable to the treasury no less than $1O2,O11, ,127.42, diverted since 1904 out of current receipts to the canal enterprise. Of course the repayment will have to be gradual, but the loan is an important asset to be considered in estimating the treas ury's resources. At the end of June the first payments of the corporation tax will also be available, unless the Supreme Court decides in the interim that the tax is not eonstiIutionally eolleetible. If there happens to be deficit, therefore, on June 30, 1910, it will be more or less negligible be- cause of credits not yet used, which, if used, would more than extinguish it.
 IRA NJ. BOND.