The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-14
TREASURY DEFICIT
NOW S1O5,OOO,OOO
Outlook for the Fiscal Year is
the Worst in Long
Time.
Sill Mp IN INCOME TAX

W,sutNGgp>. Ma. - :" 3 a
rot hecr ta. ;t, So. ~ he bu':'s-'ipf
idaho and Nesissiprt to 'lc Govern.
men. ~ Greece the Treasury dcn Q Ia
tine dsca' ,ear's business up 10 daIe
world have hcou approximately Sii7,
n0U. o0n. stead of more than sos
pU0. 400. md the net balance Zoo tho
gene~a' Treasury fund would have boon
abou t2S GOO. 600. instead Of q little
more than 100000. 600.
with Treasury recc pts atill d%vindiinS
'nc Democratic custpdians Of tho ma
'iorai strong boN ave stlll in an opt
NJ ST o. mood. or a. leas, the, show an
optimistic front to the public.
l. vas pointed out to-day hN one ~
the fteaaur' officials As evidence of
an Improvement 100 The Governments
anat.s "a r,turu~ from "inis""l-
Lannon's ounces for the year now Jggre-
gate , ii;i,c more than saloon, 600. a.
compared With $50. 763. o"o for tn" COS
responding period = yea ago.
, The miscellaneous fund o. tl" Treas
NY derives It's income from t1" ~.uv u'
rub'l, lands various refunds required
" de- tho Laws ard contribution or
surirN sorts, Including those on account
Of conscience
The 81. 400. coo received from Greece
vas COY. cd into jNc miscellaneous fund
A. r.qu 'ci ht ,dN. Suntr''tIug tE"
ti1.u OU. OOO received fiori GREECE. 'ho
! m~i sccllareoGs and SHOWS returns from
ordinary sources ~ aboui >3H.oh0. 600. =
g gh, Increase over miscellaneous re
,cip'- "a. ,hc correspond NJ period Of
tns nr,cciiu: t"dI.
Taking INTO consideration the drrline
il business IN the Post Office Depart
mcn'. which has expended TO dat" about
$50. 00O. 600 IN excess of It's receipts. the
Treasury deficit really goes beyond the
: SIPS. Goa. 600 mark.
To-day's Treasury statement shows
that the excess Of ordinary disnurs"-
mcrts over receipts for the year was
more than $4,000. 600. Adding The
amount expended on the Panama Canal.
payments t'at are separated from other
! transactions of tlo umeut. the
Z years deficit IN c>a.. figures j. Sl05,-
! 1j0.532.
II Is learned on q reliable duar-r
that another revision mas been made IN
I 'ne estimate OF tho probable weld from
! the income tax which Is collcctIpie ou
July / : me- months ago an official
statement Mas given out IN which the
Treasury authorities said that the IN
1 come tax would Weld $50, 0n0, n0u. THIS
estimate mas been altered twice al
! though the figures ave not been made
{ public.
J An Official said to-day that the Gov
. eminent would Ice lucky n % collected
S6O. 400. 600 from thr income ttN. and
that whatever this hau. yielded the
Years deficit would be the largest and
: the cash balance the smallest on July l
that had been recorded At the beg inning
Of a new fiscal year for a long time.
Tho war revenue act j. beginning to
show signs Of Improvement. In the
early days Of this enactment u looked
as If IL would fall far short of is pur-
pose That the law ~ improving as a
revcruc producer is shown IN he fact hat
ordinary internal revenue receipts aE-
grcgate for the year. s227. 236.035. as
compared with t2ls.?eo. i2i for the cor
responding period OF the preceding fiscal
year
~ domestic consumption Is lcrl.lvr
tho jump ~ internal revenue receipts IS
! traceablc 20 tho extraordinary lev.cs
authorized by tNe cmorgcurv act
= customs receipts are stli FAR behind
normal figures. Last '"ar M tn this
Dat" they aggregated more than s2lo-
400. 600. rs compared with sli1. 600, 600
this wear The receipts from al sources
are <l9I 600 600, rs compared with
s~4732225io las, wear. The dishursc-
ments So far this wear ar" more than
$3.50 400. as compared with So:
n0o. 900 i year e
bn March 10 LAST 'ca~ tho rot Treas
url deficit was q little less than $50 %
600. 0o0 r" TACT that II has NOR" than
doubled t~oreSnadows some lively times
around tho Treasury when tho officials
conn" 10 ,he"k up ~ the end of IN"
fiscal yea
The official statement ~ %app"oNfia-
tons authorized by Congress a. tho last
session viii give the Treasury officials
no consolation II is understood TINS
vii snow tSat tho appropriations for
the present session apprnXimstod tho-"
" th" previous year. which ran ~ -
sl.ll6 0oo. 600