Press enter after choosing selection

Not So Rosy

Not So Rosy image
Parent Issue
Day
9
Month
December
Year
1898
Copyright
Public Domain
OCR Text

In spite of the optimistic view of revenue conditions taken in President McKinley's message the cold, hard figures of Secretary Gage's report showkat the deficit for the last fiscal year was $38,047,247.60 and the estimated deficit for the curreut year, in spite of Dingley bill, war tax and bouds, is $112,000,000. The revenues of the govermnent for the current fiscal year are tbus estimated npon the basis of existing laws: Froin customs, $195,000,000; from internal revenue, $270,000,000; from miscellaneoiis sources, $20,000,000; from postal service, 192,874,647; 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, $689,874,647.