The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-06-28
TREASURY FIGURES
SHOW BIG SURPLUS
Underwood Says Prediction of
Deficit Is Based on Wishes
Arising From Antagonist.
READS OFFICIAL REPORTS
Analysis of Figures Shows Ex-
cess of $30,O0O,O0O Over Ex-
penditures for Year.


official reports and records. Demo-
cratic Leader Underwood told the
House to-day there would be no
deficit in government finances. and
that any prediction OF ono was n
dream based on wishes sprInsing from
political antagonism.
In an analysis of the government
financial situation, he announced that
the total receipts for the financial year
ending next Tuesday would aggregate
S133.0oo,o1 leaving a surplus OF s3o.-
100000. and that with only a half
years operation of tho income tax.
That did not include the Panama Canal
expenditures. estimated at S35, 600, 900.
Next year, he declared, Panama expen-
ditures would practically pass ave.
and the canal receipts would nav .un-
ming expenses.
INCREASE GRANTED FOR
COLLECTING INCOME TAX
MIR. Underwood's speech was in sup
port of the Senate amendment to the
Legislative appropriation bill to in
crease the Treasury fund for collect
ing the income tax from 100000 to
Sl.600,000, which the House finally de-
cided TO do. Mr.. Underwood explained
that the increase was for collection Of
the income tax from persons and cor
porationS trying to eVade it.
For next year" he predicted. we
can be assured of collecting more than
500. 100000 from the income tax. even
If no more proportionately is collected
than was collected this year. and more
proportionatcly will be collected"
Mr.. Underwood said customs receipts
were producing in the current year
S2e. 100000 more than the administra-
ton had expected. and that the Trea-
sury Department reported TO him these
figures of the total revenues for the
current year just ending:
Income and corporation tax, SIS. 000,-
900: which had been estimated at $685.
100000; internal revenue, 5000, ZOO, 900,
estimated at S3I2,0Q0,000 customs re-
ccipts. 100000. estimated at $780,
100000; miscellaneous receipts, $751;
100000. estimated at S59.0G0.0Oo.
NAY INVESTIGATE HOW
COMMITTEE SECRETS LEAK
VIZ .ngton. June 27.-Stirrcd to ac-
ton by the apparent freedom with
which the doings of the Foreign Re-
iat!ons Committee, in consideration of
the Sicaraguan and Colombian trea ties
have been published from day 10 day,
several Senators to-day agreed on n
resolution asking for authority to
subpoena Senator'S and Washington
correspondents TO an inquiry to deter
mine how the proceedings of the COM
mittce. which are supposed to be cs-
pecially secret, get out Chairman
stone introduced the resolution, and it
was referred TO Il standing committee.
which decides on the expense involved
in such Investigations. II is said that
the Senate Will pass il. With the res
olution. Chairman Stone read into the
Congressional Record this statement:
"All newspaper reports of what has
occurred In the Committee on Foreign
Relations in It's proceedings regarding
the Nicaraguan and Colombian treaties
are unauthorized and Inaccurate. and
are moreover unworthy of belief. he e.
cause whoever gave out the alleged in
formation betrayed the confidence Of
the committee ana government and
deliberately violated his word of hon
or"
ABSOLUTE DISHONESTY
BRAND ON GUILTY MAN
No man upon that committee de-
clared the Senator TO his colleagues,
can give out the confidential business
of the committee except he has upon
him the brand of absolutely dis
honesty and betrayal"
He added that he regarded the dis
closures OF what had taken place be-
hind closed doors "a disgraceful per-
formance''
The committee probably will en-
deavor to cross examine its own mem
bers, and may decide to so into n
broad inquiry that will reach out
through the Senate.
Evidence that all Senators do not en-
tirely approve the idea that the com
mittee's proceedings shall be secret
was given by Senator Norris, who is
not Il member of the Foreign Relations
Committee. He offered a. resolution
that all Senators be furnished with
copies of the daily testimony before
the committee on the treaties that
Senators who were to vote on the mat :
tiers should have the benefit of It,
Heavy Legal Argument
Washington. June 2I.-ConStitution-
ality IF the clause in the administra
ton trade bill prohibiting unfair com
petition" furnished the basis for sew
cral hours of heavy legal argument in
the Senate to-day.
Senator Robinson. of Arkansas ar
Eucd that the prohibition against "un
fair competition" was sufficiently def :
mite TO enable the proposed commits
sion to fix rules and regulations for
the enforcement OF the law
Senator Borah. Of Idaho, continued
his attack on the clause.
Authority Given Wilson.
Washington. June 27.-Authority to
sell the battleships Idaho and Missis q.
sippi was finally conferred on Presi
dent Wilson to-day by the adoption of
the completed conference report on the
naval appropriation bill in the Sen
ate. Arrangements have been prac-
tically completed for the sale of the
two battleslips to Greece.
IN HONOR OF FLETCHER