OCR Text |
Show A DEFICIT OF $22,000,000 UNCLE SAM GETS INTO DEBT DURING LA8T YEAR. Government Receipts Fall Off, While Expenditures Are Increased, Largely Large-ly Through Panama Deal. Tho treasury department has Issued a rovlcw of treasury operations for tho calendar year 1901. Tho treasury receipts for the calendar year 1904 wero JC 10,000,000, and tho expenditures expendi-tures (Including tho Panama payment), pay-ment), 502,000,000 a deficit for tho year of 22,000,000. As compared with tho provlous calendar cal-endar yoar, tho receipts show a falling oft of 8,000,000 nnd tho expenditures expendi-tures an incrcaso of 50,000,000. Tho decrcaso In customs receipts was 9,000,000. Civil and miscellaneous miscel-laneous expenditures incroasod 15,-000,000; 15,-000,000; war department, 9,000,000; navy department, 23,000,000; pensions, pen-sions, 2,000,000, and Intorost, 1,000,-000. 1,000,-000. Tho lncreaso In interest Is duo to tho fact that a portion of tho Intorost Intor-ost of 1903 wns anticipated In 1902. Tho figures do not Includo tho postal pos-tal rccolpts and expenditures, except that tho postal deficit Is Included In tho civil and miscellaneous expenditures. expendi-tures. , Imports for tho first cloven months of 1904 wcro 939,000,000, nn Increase over tho corresponding period of 1903 of 22,000,000. Imports frco of duty for tho same period increased 12,000,000, whllo dutiable du-tiable Imports docroased 20,000,000. In 1903, 43' per cent of tho Imports wero frco of duty, whllo In 1901 47 per cent woro freo of duty. Virtually tho cntlro lncreaso in freo Imports was In threo articles coffoo, Indian rubber nnd raw silk. Although dutlablo Imports decreased 20,000,000, raw sugar and wool show Increases aggregating 28,000,000. All other dutlablo Imports decreased nearly 50,-000,000. 50,-000,000. Of this decrease, 20,000,000 was In Iron and steel. |