Not So Rosy

Not So Rosy

In spite of the optimistic view of revenue conditions taken in President McKinley's message the cold, hard figures of Secretary Gage's report show that the deficit for the last fiscal year was $38,047, 247.60 and the estimated deficit for the current year, in spite of Dingley bill, war tax and bonds, is $112,000,000.

The revenues of the government for the current fiscal year are thus estimated upon the basis of existing laws:

From customs, $195,000,000; from internal revenue, $270,000,000; from miscellaneous sources, $20,000,000; from postal service, $92,874, 647; total estimated revenues, $577, 847, 047.

The expenditures for the same period are estimated as follows:

For the civil establishment, $93,000,000; for the military establishment; $250,000,000; for the naval establishment, $60,000,000; for the Indian service $12,000,000; for pensions, $141,000,000; for interest on the public debt, $41,000,000; for postal service, $92,874,647; total estimated expenditures $$689,847,647.