Jasper County Democrat, Volume 4, Number 43, Rensselaer, Jasper County, 1 February 1902 — STILL PILING UP. [ARTICLE]

STILL PILING UP.

Uncle Sam Is Putting Aside a Tidy Sum at Washington. It was supposed that the reductions in taxation made at the last session of Congress would restore a certain degree of equilibrium to the finances. The prosperity of the country has been so great, however, that revenue has continued to pile up from the sources of taxation which were left in force, and the reduction of expense in the Philippines, coupled with the detent of the river and harbor bill, has kept expenditures within narrower limits than were counted upon last spring. If the present rate of surplus revenue should persist as compared with the corresponding period of last year, there would be a surplus of not less than $100,000,000 for the fiscal year ending on June 30 next. This, indeed, is the actual estimate of Secretary Gage in his annual estimate. Such an exhibit is remarkable, in view of the estimated reduction of $<10,000,000 in revenue made by the act dealing with war taxes. Howlittle net effect this reduction has had upon the revenues may be judged from the following statement showing the receipts from nil sources except the postoffice during the last three fiscal years: Fiscal yenr ending June June June Month. 30. 1900. 30. 1901. 30. IfiOO. July .... $48,054,268 $49,956,160 $52,320 346 Aug. ... 111.978,173 49.G88.755 49.394.125 Sept. ... 45,334.144 45,304.326 44.434,422 Oct 47,533.588 61.626.0f17 49,831,962 Nov. ... 46,1M5,572 48.314.514 45,715,776 Dec 46,759,104 <6.84(1,508 Jan 48.012.164 47.520.286 Feb 45,631.265 45,844,123 March... 48,726,837 <9,801,125 April ... 45.039,326 47.767.851 May.... 45,166,053 52,629,440 Tots, for 12 m05.55C8,81C.321 $585,752,067