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

Failing Off OF importations w:s tfc
principal reason given today In Treas-
urer Burkea annual report f"r the
Treasury deficit. He said the "liberar'
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 re peal of laws limiting issue by
banks of s. bills TO only one-third OF
their circulation.
Burke said ordinary revenues last
year aggregated $697, $50. COO and exrendi-
lures s731 $4,000.
The decrease in customs revenues WAS
ss2. 500. .142.30. and the Treasury dehcit
was $33. .4Ss. .eS1 SO on June 80. AGAINST a
surplus of sS4,41S,677 in 1914.
"The financial transactions o: tire
Government have been seriously affect
ed by the European war" says the re,
port. This condition was anticipated
at the beginning of the fiscal year. ana
to offset its effect upon the income the
emergency revenue ect was pasSco, put
even the liberal proy,eions OF , mat
ductton in receipts dne mainly to the
falling off in importations.'
Revenue For Year.
The ordinary revenues for the year
were sss7. .elO. .S27. .5S. Increased receipts
from internal revenue. corporations. and
income tax and miscellaneous sources
totaled SAG. I'll .O0317. The net decrease
from all sources. continues the report,
was s36. .762. 339.13.
s731, ,399 759.11- 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 for the
year was S33. .4SS. .931. SO. Receipts We're
Customs. S209. .7S6 .672.2l decrease of SS2.-
533. 3.342.30: internal revenue. ordinary.
s335. .467, ,8S7 IA. increase of $26,SoS. .1545s
tion tax. $50. .2o1 1885, increase of $3.50
4s412: lands. s.. .167 1854, decrease OF s404.
$3.50: miscellaneous, $50, AL ,SoOl?, IN
crease of IS. 6S5. .S5S.sS: District of Column
bla, 80 s9.79o.474.1S. increase Of $40 31,53'o7.
The Disbursements.
Total disbursements were s731 ,399, 759. II
as follows:
Legislative. s13577 399 19, increase OF
s10S, 81. SO; executive, So. 065 SS05O, increase
6O679, decrease of sS45, 49, Treasury
s71,107 29169 increase OF s10,96 .434.s1: Wal
Department, civil. 1885. 49, decrease
es,z OF s215s4iS; Nay Department ,sE art civil
civil. s2FO69 ,6t?99. Increase Of si.4!31l2 81
Postoffice Department proper, sl,Sa4
S364, decrease of s3il, 32S 60; postal de
ticiencies. $3.50, 592. CO. increase same
Agriculture, s29, ,131, ,1l2.07, an increase o
1922, ,97O.95; Commerce. sl1 ,499, ,C9s.76. al
increase of s540, 2l6.36; Labor. So. 1888, Gil. sc
increase of Sl4. .7O7Sl Justice. $40, ,434 ST. 81
increase of s246 Pol; independent Of
ices. IS, 73S. 1878. increase of s2,5O6. .59t II
District of Columbia. S13. .220, ,662.97. in
crease of s463, 3,6sl.79; military establish
ment. including rivers and harbOrs
s172973 09l.73, "A decrease OF S549, ,712 AZ
naval establishment; f+1 S35 653.sS. in
crease of 81, 1853. 1910; Indian service, s22.
100 $50. 20, increase OF s1,915,27474; pen
sions. sl64 3S7,9i1 81, decrease OF S9,052,
2S9.5l; interest on public debt, 500 902
$780, increase of S3S 1904.
Expenses of the Panama Canal. pai
from the general furd of the Treasury
amounted 10 s29, ,lS7. .042. %