Evening star., 1936-01-06

eebt .7.o53 "s.7O1 3Oo33 31.35l
Represents estimated expenditures
emersency appropriations.
Dircing attention to a comparison
between fiscal operations proposed for
1887 and now estimated for 1886. as
set forth in the table. the following
comment is pertinent:
Receipts Are Expected
To Reach Over $4,559.S17000.
Receipts.-Receipts in 1887 (exclu-
sive Of postal revenues and processing
taxes and also. for purposes of COM
pariSon, exclusive of taxes imposed
under the social security act. the
bituminous coal conservation act and
the act levying taxes upon carriers
and their employes) are expected TO
reach total of $4,559. .817 $50, an in
crease of s7l6,665,704 over similar
receipts for 1886 now estimated at
s3843,15l 946, and 81 .280, 730.319 over
1885. 1t should be pointed out here
that this increase is due largely to in
creased collections anticipated under
the old schedules. AS has been stated,
only about 1922 100000 will be COL
lected in 1887 as a result of new
schedule in the revenue act of 1885.
From processing taxes the sum an
ticipated is s547 300 900, against the
estimate of s529,042 900 for the cur
rent year. an increase Of $18.258,000.
Other taxes recently authorized by
the Congress under the social secur-
ity act. the bituminous coal conserva-
ton act and the act levying taxes
upon carriers and their employees will
produce s547, 100000 in 1887 and $685.
600 900 this year. an increase of $685.
5000 900.
Thus, 1887 receipts from all sources.
except postal revenues. are estimated
at s5.654,217. $50. against the revised
estimate of s4,4l0. 793 946 for the cur
rent fiscal year. The increase in total
receipts from stated sources is, there
fore, 81 ,243 3,423.7O4
Postal receipts for the coming year
are estimated at s705 100000. an in
crease of S35 ,00O 900 over s670,000, 900
anticipated in 1886. This is further
evidence of the upward trend in eco
nomic conditions.
Estimates Show Income
Tax Gain of Half Billion.
An examination Of the detailed es-
Inmates of receipts for 1887 indicates
a gain over 1886 in income tax Of
sos, ,488, 900, the figures for the two
years being. respectively. 1892 GOO, 900
and $1,434112.000. Similarly. esti-
mated receipts from miscellaneous in
ternal revenue, exclusive Of processing
taxes, are up from Sl.873,09l 900 to
So. .l03. .l14000. gain of $3.50. .O23 900.
Customs receipts are forecast at s354,-
600 900, substantially the same as an
ticipated for 1886. The reduction Of
s22 ,654 ,296 in probable miscellaneous
receipts, from s182.757,946 to $780,
103, $50, brings the net increase in the
estimates of these four classes of re-
ceipts to S7l6,665, ,704. as stated.
The provisions Of the social secur-
ity act, the bituminous coal conserva-
tion act and the act levying taxes
upon carriers and their employees are
such that receipts during the fiscal
year 1885 will be comparatively small,
while revenues from these sources in
the next fiscal year will show sub
stantial increases. The amounts esti-
mated for 1887 from such new taxes
in the order named are $433, zoo. 900.
Sl2 100000 and sl01, 100000.
Expenditures.-The expenditures for
1897 contemplated under this budget
will total $6,752, $685. ,370, or approx
mately 1898 ,0O0, 900 less than is now
estimated for 1886.
OF the two major categories OF ex-
penditure. namely, regular and re-
covery and relief, allowances for reg
ular activities, including the agricul-
tural adjustmen act and civilian con-
servation corps, amount to $685.
781,7 ,738, as compared with $4.776 ,233,-
ISL for 1895. an increase of $873. 3.548.-
SGT. For recovery and relief, ex-
penditures listed herein are those
which will be made from unexpended
balances, practically all of which will
have been obligated prior to June 80.
1896. and practically all of which have
been allotted. The total of such ex-
penditures in 1887 is estimated at
s1,l02, 1924, ,632, which is a decrease Of
81, ,766. .243,555 from the figure OF
81, ,869. .06S. .f87 for 1895.
Cost Of Service on .-......
Public Debt Up S91, 100000.
In regular expenditures there is in
cluded $sO5, ,000, 900 for interest on the
public debt, an increase Of $63. .00O, 900
over the same item for the current
year; and $3.50, 125 900 for statutory
debt retirements, an increase Of $685.
100000. The cost Of service on the
public debt in 1887. therefore. will ex-
ceed that for 1896 by $s1. .l00, 900.
Excepting debt retirement and in
terest, the net increase in expendi-
lures for regular activities is $782,-
44s, ,5s7 as compared with 1896. The
1S.. 6PFcTNENT.S TEYT paoe iAO