| OCR Text |
Show EXCESS OF ilN'S ! OUTPUT $1,10,11 if Enormous Increase of Disburse! i ments Is Shown in Trcas- 1 ! ury Statement. LARGEST POSTAL DEFICIT EXCEPTING IN YEAR 1905 : Total Receipts From Various Sources $64,000,000 Less 1 Than 1907. M WASHINGTON, Juno 28. The forth. coming statement of tho treasury receipts and expenditures for the fiscal year end- lug June 30. 1D0S, will show a marked falling off In tho receipts as compared with the year 1907, and a largo Incrrasj In the expenditures. The excess of'cx. pcndltures ovor receipts for tho year win; approximate S60.000.000, which has been exceeded only twlco since tho civil var. In 1S94 there was a deficit and In 1SP9 thor was another of a little over $89,000,000, and in each of tho four Intervening yearvB the receipts fell considerably bolow thsB disbursements. Again In 1904 and 1905HB there wero shortagen of ? 1,177,000 andfll ?23, 000,000. resu&ctlvely. wm The total receipts this year will bilm shown to have been about 3599.000,000,. orSI $64,000,000 l5s than for the fiscal yeatH 1907. Customs r'ocelpts will be shown ton havo fallen off about $16,000,000 fromwl those of 1907, while the receipts from ln-l tornal revenue sources will be short near.! ly $19,000,000. M Miscellaneous receipts will show a alljhtll caln. mm Increased Disbursements. k Tho disbursements for tho year will bi'w Bhown to have aggregated about 1659 -i 000,000. or $80,000,000 more than for 1007, and $54,000,000 more than for any year since 1865, not excepting the Spanish, war period. Although theso Increased dla-'a bursements aro very general and are'X shown In nearly every account except that : of Interest on tho public debt, some of tha ifl heaviest of them were for important ptr-j mancnt improvements. . m Tho Panama canal during the closing', year will have cost the government 34.- 000,000, as against $27,000,000 for tho ytar 1907, and the work this year in connections with the reclamation of the public lands, will be shown to have cost about $13,009,- 000. which is not far from last year's fl.J ures. ' The doflclancy In the postal revemisi : for the present year will probably reach $13,500,000, as against $7,600,000 for 1907,' making a difference of $6,000,000. . Largest Postal Deficit. " ; This Is the largest postal deficit In tht f history of the government, except In 1905,f? when it reached nearly $15,000,000. ThK records show that there has been a postal deficiency every year since tho establish! ment of the service, with the exception off. twelve, when small surpluses wero shown The expenses for the rural froo dellveoT this year are not expected to fall belowt $25,000,000. The decrease In tho amount of receipts? of $64,000,000 and tho Increased expendl-P ture of $50,000,000, make a. dlfferen'col against the treasury for the fiscal year of $114,000,000. 4 |
