Democratic Sentinel, Volume 20, Number 38, Rensselaer, Jasper County, 25 September 1896 — MAY CALL AN EXTRA SESSION. [ARTICLE]

MAY CALL AN EXTRA SESSION.

Belief that Congress Will Have to Consider the Increasing Deficit. Washington dispatch: It is said at the Treasury Department that recent political events have not impaired the conviction held by finance officials that an extra session of Congress must be called to provide additional revenue to wipe out the deficit. The treasury showing has been very bad since July 1, and during the two months and a half a deficit nearly equal to that of the last fiscal year has accumulated. This is $10,000,000 worse than the showing for the same period 1890. The receipts for the ten weeks endihg Sept. 12, 1895, were $69,01i0,967, and the expenditures were $83,154,148. The receipts for

the same period this year have been $64,653,262, and the expenditures have been $88,602,144. The increase of expenditures has been chiefly due to the payment of ss,<XX),o(k> for the sugar bounty, whose constitutionality Was upheld by the Supreme .Court, against tne ruling of Controller Bowler. The falling off in receipt# lias been entirely in customs. which paid $35.699,683 for thF-first ten weeks of 1896, and havin', paid only $29,649,113 for the eorrespon'ding. weeks of the fiscal year 1597. The internal revenue receipts advanced from $29,707,211 last year to $30.816.068 this year ( and they are not likely to fall back. The general treasury balance is now $61,000,000 more than u year ago, and stands at $242,854,715. This $61,000,000 is all that remains., of the $111,01X1,000 realized from the last bond sale. The difference has gone to bl'fdge the deficit for last, year, and to covy-r the. redemption of some Pacific Railroad bonds. The month of September showed a surplus last year, and may do so this year, but the receipts for twelve days are already nearly $1,000,000 less than a year ago.