The Washington times., 1915-12-17
BURKE SAYS DEFICIT
DUE TOIMPORTD DROP
Treasurer Asserts Liberal War
Taxes Did Not Make Good
Reductions in Customs.

Failing Off OF importotions was tfc
PRINCIPAL reason given today in Treas
urer Burke's annual report for the
Treasury deficit. TTe said the liberal
war taxes had not made good the re-
duction in customs receipts.
Necessity for more smaller paper cur
rency was cited Ivy Burke. He recon-
mended repeal of laws limiting issue by
banks of s. bills to only one-third OF
their circulation.
Burke said ordinary revenues last
year aggregated $697 100000 and expendl-
lures S731, ,399 900.
The decrease in customs revenues was
$50 2533. 1920 and the Treasury dehcit
was S33. .4Ss. .eS1.53 on June 80. against a
surplus OF SS441S.677 in 1914
"The financial transactions o: the
Government have been seriously affect
ed by the European war;" says the re-
at the beginning of the fiscal year, ana
to offset its effect upon the income the
emergency revenue act was passed, put
even the liberal provisions or ithat
measure have rot made good the re-
duction in receipts due mainly to the
falling OF in importations."
Revenue For Year.
The ordinary revenues for the year
from internal revenue. corporations. and
income tax and miscellaneous sources
totaled s45.T71. .OOs.17. The net decrease
from all sources. continues the report,
was Ss6.762.3 .339.13
$73l, 1893. .759.11-R net increase in the total
Of civil and miscellaneous accounts, the
naval establishment. the Indian serv-
Ice and interest on the public debt. and
a net decrease in the military establish
ment and on account OF pensions. The
deficit on ordinary transactions Tor the
year was $33. .4SS 931.53 Receipts We're:
Customs. S209. .7S6.679.21, decrease of $S2-
53S.3423O: internal revenue. ordinary,
$235. .467, ,SS7.14. increase of 26,S0S. .154.5S
internal revenue. income and corpora
tlon tax. $50 201 ,758.S6 increase of $3.50 =
4S4.12: lands, s.. .167, 1851, decrease of Ao4-
$3.50: miscellaneous, $59, 9,4n, ,SOO12, IN
crease of $S6s5,S5S.ss: District of Column
bla, 8, ,79o. o.474.1S, increase of $10SI,5S.W ".
The Disbursements.
Total disbursements were S731, ,399, 759. IL
as follows:
Legislative, 1887, ,S991S, increase OF
Of $3.50, ,74S,I4; state Department, A,sOS,.
6O6.79, decrease of $345, ,3O4. .99 Treasury
$71 ,107, ,29l59, increase of SlO,967, ,434.s1; War
Department, civil, $2,215,5S5.19 decrease
$685. S7O.15, increase of s24,997.13; Interior
civil. S29O69, ,649.99. Increase If ST. 4!35l2,9 81:
Postoffice Department proper, 1884
fciencies. $685. $3.50 increase same
Agriculture, $29, ,131, ,112.07, an increase o.
S6922, ,970.95: Commerce. $11, ,499, ,09S.76, al
increase of $40, 0,216.36; Labor, 50, 1888, Gil. sc
increase of $14, 707. Justice, $40, ,434, ,S71 81
increase of S246. 72O71; independent of
fees, IS, ,73S, ,7737S, increase of $2,5O6, ,594 II
District of Columbia, $13, 200, ,662.97, in
crease OF 6S,6s179; military establish
ment, including rivers and harbors
$172,973, ,09l73, a decrease of $549, ,712. AZ
naval establishment; &ft1S35 B5S.SS. in
crease of 81, 1853, 1910; Indian service, S22
100 0,350.70 increase of 1,9l5, ,27474; pen
sions, $164, ,3S7, 94161, decrease of 1862,
2S9.5l; interest on public debt, S22, ,902
S9704. increase of $3S 940.34.
Expenses of the Panama Canal, pai'
from the general fund of the Treasury
amountedNto S29, ,1S7, ,042. %