Valdez daily prospector., 1914-06-26
'ADO0 EXPECTS BIS SURPLUS
But Delay In Paying Income Taxes May Effect Government Estimates
 -Personal Return. Low.

the government in the current fiscal year as the close Of the year ap- breaches make 1t appear, according to Secretary of the Treasury McAdoo. that notwithstanding the fact that receipts in several items have been far less than estimated, surplus of $30, 100000 is in sight. The total es- timate disbursements for the year were 6,00O,O00. The actual receipts for ten months and estimated for the whole year amount to $733,00O, 900, while the total ordinary disburse- ments amount to 100000.
 In the estimates for receipts a year ago the total assessments against corporations were $2,400,0OO in ex- cess of actual collections, while per sonal income tax assessments fell be- low estimates by the sum of $23,- 250,0OO. It is believed that much of this discrepancy is due to the diff faculties encountered in putting the law into effect in its first year of operation. Secretary McAdoo, in dis cussing the financial outlook for the government, says:
 T have gone carefully over the last estimate of ordinary receipts and dis bursements for the fiscal year ending June 30, 1914. and if all the assess ments under the personal income tax are paid before June 30 the surplus will be probably $30,0O0.00O. It is very possible, however, that a large sum due for income taxes may not be paid until a few days after June 30, in which event the estimate will be reduced accordingly, as such pay ments will be credited to the fiscal year ending June 30. 1915.
 Up to June 10 the Treasury has received over s266,OO0,OO from GUS toms and for the year it will propably reach $291, 100000, an excess of $21.- 100000 over the original estimate.
 "The ordinary internal revenue re- ceipts will probably be about $311,- 000,0 ,0O0-a decrease of about $1,OO0,- 900 from the original estimate.
 "The additional internal revenue receipts. comprising the corporation excise tax for two months of the year, will probably amount to about $75,- 100000. The total assessments to date against corporations is between $43,000.000 and $44;8o8, ,00O-about$ $2,- 100000 in excess of the estimate The personal Income tax assessments to date are $3e,750,0 ,0e0. which is $23.- 250,0O0 less than the estimate. The total assessment on corporations and individuals win be at least $75,000,- 900.
 "It should be remembered in this connection that the personal income tax under the law was collected fo1 1 only ten monhs of the last calendar year.
 "The miscellaneous receipts will probably be about s56,O00. 900. a de- crease of about $S,6eo 900 below the estimate.
 "The ordinary disbursements of the government are now estimated al $7O3, 900, ,0O0-a little over $1,000,0O( in excess of the original estimate.
 stunning up: The total ordinary receipts are estimated at about $733.- 000.0 .000 and the total ordinary dis
 bursements at 370s,ooo, 900, leaving an estimated surplus for the asca year of about $s6.000.Oo0. As stated above, some of the personal income tax receipts may not be received un- til early in July. and this will pro portionately cut down the above sur plus.
 'drhis surplus win be absorbed b thu nama pAs smnts SHhich. are es- till at yS9. .oU6;o0b Ter the year
 sIl1ee depaftshsnt is convinced thu, msny itsAee to the incsane tax havt failed to make returns and that manb leye made tilalaocurate returns. sActitt steps win Be taken to discover ii evasiSns 6f tAe ikw. ahdf | large ad- aasdssi ancuat'of shcsneats atsxs~ali st oolleetsd ireln tlesea delnduents." ...-a-s4-----------.-- --------------.-.-s-.. ohArles nAb&eI has c6txpisted th< p1inting evf shis restdence ~uppUSite the court house.