Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1913-07-02
Total Receipts Amount to
S723, ,782,921, With Dis
burSements AggIegating
S683, 500, 1892. is Repot.
PANAMA CANAL COSTS
S3l8,229,00O TO PRESENT
More WhiSkey Manufactured
Than Ever Before in History
of Nation, According to In
ternaI Revenue Bureau,

lev uoantH1 IouRsaL SPECIAL LUsarc uHrI
Washington. July l.--Unclc sam
closed the fiscal year 1913. with %
surplus of $t0,0S3229. reproscntne
the excess of receipts over cVpcndi-
lures exclusive of Panama canal and
public debt transactions This exc
oecds last years surplus hy S3.l5o.-
GOO The Panama canal expenditures
and public debt transactions, how
ever. wiped out the surplus of ordi-
rary receipts over ordinary cNpendi-
lures and created deficit for the
year of S2,li9,o00.
Total receipts for the fiscal year
amounted To S123.1S2,921 while the
ordinary disbursements We're $GS3,-
6g9.6g2.
Corporation taxes yielded the eov-
ornmcnt S34,94S,S70 or S5,365,f66
more than during the fiscal year 1919.
While custom receipts for the last
few months have shown a decrease
as is characteristic of "a tariff reNis-
ion period. the total for the fiscal
year reached S3tS,f42,Q00, am in-
crease Of nearly $7O0O.O00 over the
previous year
Tho record drinking and smoking
Of the American people during the
last twelve months brought the fed
pral government the enormous total
Of $30g.47S.O00 In Internal revenue
receipts, which was $l6,5oo.00o great
en- than in 1912 and one of the
highest amounts on record
Under the first years operation Of
the new pension law, the govern
ment paid veterans and widows $lt',-
$4,000 an increase of S2L13Gooo.
Thc fiscal year closed with $lGi,-
100000 i'm the general fund of the
treasury ass compared with Sl6r-
I5e.0o0 a year ago.
The cash drawer Of the treasury
contains S65,253,000 as the working
balance of the government The
trust funds of the treasury include
|$f.OS6,727.0OO in gold coin ana bull
lion
The government spent $4l14LOOO
on construction of the Panama canal
during the last year making total
of S2ts.929. 600 spent on the canal to
date of which $1g,62S,000 has been
paid ont Of the general fund of the
treasury and the balance from the
proceeds OF bond sales
The mints coined during the year,
|$37147.000, of which S30,05S.OOO was
in gold.
The 7.492 national banks now in
existence have a total outstanding
circulation of national bank notes of
I$737 7065,05O.
Secretary McAdoo tonight am
nounced that the daily treasury state
ment in future would be issued in q
completely changed form designed to
show at a glance the assets and LA
hlitics Of the government 1t Will
be in the nature of budget state
ment with the purpose of indicating
from day to day whether the gov
Crnmont revenues are progressing on
surplus or deficit basis. The first
issue Of the new statement win ap-
pear tomorrow and viii show, the
secretary said. that the grand total
of assets of the government is nearly
$1,000 100000. against which there
are liabilities including the gold and
silver certificates aggregating about
I$t.725, 900, leaving "a balance in
the treasury of from $250,OO0, GOO to
$275,0O0,OOO including the gold re-
serve Of $150,00O, 900