Rensselaer Republican, Volume 27, Number 48, Rensselaer, Jasper County, 6 August 1896 — UNCLE SAM HARD UP. [ARTICLE]

UNCLE SAM HARD UP.

RUNNING A LITTLE SHORT OF LOOSE CHANGE. (■creased Expenditures Find No Increased Receipts—Yet the Supply of Treasury Gold Is in First-Rate ■■ Chape—Carriage Builders Assign. Uncle Sam Feels Dull Times. The comparative statement of the Government receipts and.expenditures, issued, by the Treasury Department Saturday shows the total receipts f.roln all sources < during July to have been $29,029,209. and the expenditures $42,088.468. leaving a deficiency for the mouth and lhe fiscal year thus far of $lo { 059.249. The internal revenue receipts during the month ] were $14,302,532. air increase of $1,404,Jl7 over the first mouth of the last fiscal year. On the other hand, the customs receipts, which were $12,157,330. show a falling off 'or $1,919.(554. compared with July of Hrsh year. The miscellaneous receipts which were $2.5(59,340, show an increase of $475,038 over the month for the last fiscal year. All but two items of the expenditures, war and interest charges. «how a decided increase over July, 1895. ■the heaviest being under the head of civil ■nd miscellaneous expenditures, which •were $12,343,931. all against $10,047.5(52 of the corresponding month a year ago. Apart of the comparatively large deficicncy is accounted for byThc increase of expenditures on account of the navy, from $2,880,48(5 in July, 1895. to $3,756,250 last month. There is a slight increase of about a quarter of a million each for pensions and Indians over July of last year. Treasury Gold Reserve Increases. It is commonly believed in New York that the articles of agreement drawn by J. Pierpont Morgan to prevent the shill ment of gold to Europe by controlling exchange have been signed by all the banking houses and corporations in the foreign " exchange syndicate. Exactly who flic members of the syndicate are and who ene the importers who have joined their ranks is not yet known any more fhan is known positively what is the exact nature of the agreement. Bnt already the effec-. tiveness of the agreement has been demonstrated. The gold withdrawals in New York Friday were $199,100 in gold coin and $24,000 in bars. The receipts at New ZiTtanfe woro .<751K10. The total for-the day were $1,391,000. making the , total gold reserve $110,170,597. The gold receipts at Chicago were $473,000 and at Boston A small, amount was also received at Philadelphia. t National League. Following is the standing of the chibs of the National Baseball League: W L. W. 1,. Cincinnati ...62 29Philadelphia. 39 46 Baltimore .. .56 27 Brooklyn .. . .39 46 Cleveland ...56 31 Washington. .34 47 Chicago 53 39Ncw Y0rk...34 50 Pittsburg ...40 39St. Louis. ... .28 6(1 Boston" , .45 39 Louisville ...22 61 Western League. . Following is the standing of the clubs in the Western League: W. L. ’ W. L. St. Paul 55 32Detroit 44 39 Indianapolis. 50 31 Milwaukee ...41 51 Minneapolis. 49 35G'nd Rapids.3l 59 "Kansas City. 46 38Coiumbus ...30 (51 Forced to Close Doors. —The • Staver.* & Abbott Manufacturing Company, the carriage firm at Chicago, made an assignment for the. benefit of creditors. This action was eiiused by the refusal of Eastern banks to grant extensions on maturing pa]>er. the attorneys ju the case say, they having within the last fifteen days decided they could no longer carry the firm- It has only been within this time, it is said, that the directors find any thought of being compelled to •eek relief at the hands‘of the court. -—Henry C. Slaver. the prin ci pa 1 mem her of the firm, is named as assignee! Ac cording to a rough estimate filed with the assignment the assets of the insolvent ■concern are $300,000 and the liabilities $400,000. Dun & Co.’» Report. 11. G. Dun & Co.’s Weekly Review of Trade says: “Business conditions have clearly improved, Though business has ®ot. It is now the torpid season and better prospects have little effect ns yet. The signing of a compact to control foreign exchange by a syndicate, pledging -the use of $750,000,000 for that purpose, may render it unnecessary to use the gold, and hgs given some stocks a slight advance. Gold ex]>orts have been stopped and foreign trade is more promising of an early demand for. our product. 'The prospects for large crops of cotton and corn are still excellent.”