Evening star., 1937-01-08

minous coal act. Had 1t not been for
the invalidation Of these taxes. the
! total revenues received during the
fiscal year 1885 would have exceeded
the revenue estimates of a year ago by
$l62, 600, 900.
The collection Of taxes on carriers
and their employees, estimated at s33.-
| 600 900. has been deferred to the fiscal
year 1887 because Of pending litiga-
ton. The receipts from income taxes
we're about 37,500,000 less than last
years estimate.
On the other hand, miscellaneous
internal revenue taxes produced $780,
5000 more than was anticipated:
customs revenue. $33.62l 900 more;
miscellaneous receipts, $32,053, 900
more. and realization upon assets
81 ,483 900 more.
ErpenditHres.-The total expendi-
lures for the fiscal year ended June
30, 1886 exclusive Of expenditures
from postal revenues), amounted to
$3.50 798, ,258, as compared with the
estimate of $7,645, ,301, ,338 shown In
the budget submitted a year ago. This
latter amount did not. however, in
clude 3l,673, ,4s3 900 for adjusted COM
pensation payments to veterans. The
expenditures for the year, excluding
these payments, were, therefore, about
$439, ,00O, 900 less than the estimate.
Recovery and Relief
Under S2,s S,06S,I87.
The total expenditures for recovery
and relief were $2,776, ,796, ,46s against
an estimate Of "a, 1853, ,068.187. For the
operation and maintenance Of the
regular departments and establish
ments Of the Government the expen-
ditures amounted to $3,276, ,872 ,306 as
compared with estimates OF $3,4S2,- :
208, ISL. For statutory debt retirement
there was expended $403, 3,240,1 $50, and
for interest on the public debt $749,-
800, ,802, the amounts budgeted for
these items being $552, ,025, 900 and
$472, 900 900, respectively.
Deficit and public debt.-The gross
deficit for the fiscal year 1885
amounted to $4,763,84l.642. Exclud-
ing $403, $40, $50 for statutory debt re-
tirement, there was q net deficit of
81, $50. .601 ,492. The estimated net
deficit>as contained in the budget sub
mitted . year ago was s2.682, ,482, 1892,
difference Of $1,67S,119,100. As
previously indicated. the original esti-
mate has been affected to the extent
Of &457 900 900 IS . result of the in
valuation Of taxes levied under the
agricultural adjustment and bitumi-
nous coal acts and by the additional
expenditure of sl,673, ,493,00 under
the adjusted compensation act If it
had not been for the increase in the
deficit due to these causes, the net
deficit for the fiscal year 1896 would
have been about $452, ,o00, 900 less than
that originally estimated.
The increase in the gross public
debt during the year amounted to
5,077, $50, $50, but this sum included
an increase of the balance In the gem
eral fund Of the Treasury of $40, 1884,
664. The gross public debt on June
80. 1895, was $33, 3,77S,543,4o4.
Inco0,e for 1897
VIII Increase Sharply.
Fiscal Year 1857.
Receipts.-The income Of the Fed
eral Government during the fiscal
year 1887 will increase sharply over
that Of 1886. 1t Is expected that the
total revenue from all sources lex
elusive Of postal revenues) will amount
to 45.S2S, ISL 900. This represents an
increase of $1,712,194, 900 over the
actual receipts for the fiscal year 1895
and an increase Of SITS, ,933, 900 over
the estimates contained in the 1897
budget rs submitted year ago.
The general improvement in busi-
ness conditions and the enactment
Of the revenue act Of 1885 have re-
suited IN additional revenues from