OCR Text |
Show The Treasury Finances Springflold (Mass.) Republican. The past fiscal year was ono of the most prosperous for tho Unitod States treasury in its history. Great as have become the expenditures of tho Government, Gov-ernment, through tho tendencies to militarism and extravagance growing out of tho Spanish war, the receipts have been increasing to au even greater extent, making possible the following fol-lowing exceedingly favorable exhibit: Fiscal Year. Receipts 1D07. 100C. Customs $333,230,126 $nOO.G57,000 Internal revenue .. 270.309.3S8 240.0C4.000 Miscellaneous . C1.76G.G20 15,101.000 j Total $605,300,134 ?591,91n,000 1 Expenditures .. .. 67S,360,o92 568,727,000 ' Surplus $ SG.915,512 $ 2G,ISS,000 ' Some $22,000,000 of this large surplus sur-plus for the past year was added dining din-ing the mouth of June alone. It is more than three times as largo as the surplus of tho fiscal year 190G, and compares with a deficit of $24,000,000 in the fiscal year 1005, and a deficit of $'Ki,000,000 in the year 190-1, when some $i-4,000,000 was paid out -'of ordinary revenues for tho Panama canal. The recovery of the treasury from that condition of yearly deficit has been due to no pruning in the expenses of governmout, but to tho uubouudod business activity ami pr6sperity of the country, which have seemed to put no ' bounds upon the revenue possibilities of existing Federal tax laws. Par- j ticularly is this to bo remarked in the 1 customs, where the high prices and enormous demand Jor goods 111 the homo market hnve brought, on such a volume of importations as the makers of tho Dingley tariff novor could have conceived of as possible under its extreme ex-treme provisions. Unless such business busi-ness and revenue conditions, congressional congres-sional extravagance may riot upon a wido mnrgiu of safety. The treasury starts out upon the new fiscal year, with a great excess of funds, which affords no .warrant for tho refunding re-funding of a considerable part of the ' per cent bonds now maturing. It holds in its own vaulls somo $S7,000,-000 $S7,000,-000 of surplus cash, and it has besides that over $171,000,000 on deposit with tho Natioual banks, drawing no interest inter-est for tho Government. It is thus obviously prepared for any emergency, and no emergency threatens. |