Jasper County Democrat, Volume 5, Number 13, Rensselaer, Jasper County, 5 July 1902 — GREAT TREASURY SURPLUS. [ARTICLE]

GREAT TREASURY SURPLUS.

Figures Show an Exceedingly Prosperous Year for Nation. Uncle Sam lias had a good year. On the last day of the fiscal year the treasury figures showed a surplus for the twelve months of nearly $90,000,000. Notwithstanding the large appropriations by Congress and the heavy expense of the war in the Philippines, the receipts during the year show almost that great sum in excess of expenditures. Last year's surplus was about $75,000,000. To show the magnitude of the business Uncle Sam is carrying on it is only necessary to quote from the official treasury statement: RiECEII’TS FOR THE FISCAL YEAH. Customs $253,791,131.5!) Internal revenue 270,359,951.20 Miscellaneous 35,402,902.52 Total EXPENDITURES FOR FISCAL YEAR. Civil and miscellaneous $113,184,989.63 Wur 112.021,414.33 Navy 67.627.868.04 Indians 10,01),595.37 Pensions 138,455.010.18 Interest 29,021,920.07 Total .$470,321,797.62 Notwithstanding the reduction of war taxes made by the last Congress, the total receipts of the government during the year just closing have been only $20.000,000 less than during the preceding year. Internal revenue receipts fell from $304,000,000 to $271,000,000, but customs receipts increased from $238,000,000 to $255,000,000. Uncle Sam has taken in money at the average rate of $1,800,000 per business day during the last year, and he has paid It out at the average rate of $1,500,000 a day. Three hundred thousand dollars profit for each business day.