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Show ALLEGED DEFICIT i DOES NOT EXIST .Lcrce Increase in Revenues Reve-nues Received Into National Treasury. L03 ANGELES, Feb, 14. At a pub-. pub-. lie reception at the Los Angeles Cham-ber Cham-ber of Commerce, riven in his honor last night. United State Treasurer Charles H. Treat delivered a lengthy address upon the present -currency situation sit-uation In the United States. Mr. Treat took 'direct issue with those who are alarmed at the existence of what he called "an alleged deficit" In the national na-tional treasury and the danger of an ' Impending panic Referring to the "deficit" he pointed out that while during the fiscal year ending June 80th the Government . had expended $23,000,000 more than it had received In revenues, that during; the seven months elapsing since that date, the moneys received from the customhouse custom-house and - from internal revenue sources had exceeded by $32,000,000, the amount collected from the same sources during the corresponding months of the preceding year. |