{"newspaper_name": "Elizabeth-Town gazette.", "edition": "01", "page": "p1", "byline": ""}
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Sd. Ofthe Estimates of the Pubic Reve-


nue. and Expenditures for The gar $40.


ln presenting the estimate Tor The year
1920, il may be proper to observe, that,
GU the 2Ist Of December. 1917, the per-
manent revenue, including those duties,
was estimated at S23, 3,2z5,0o0s whilst the
annual authorized expenditure was ascer-
tanned to be less than $22,00o,0oo. The
repeal Of the internal duties reduced the
former TO 20,o25,000 dollars, whilst the
payments from the Treasury, during the
year 1918. exceeded 10000 900 dollars;
and those of the present year will proha-
Ibly fall but little short Of 25,500,o00 dol
lars.


Ia the Annual Report Of the Treasury
Iofthe 2lst Of November. Sl8, the le-
tceipts lor the present year were estima-
led at q, 100000 dollars. Although this
Ies'imate will be realized in its general re-
suit, deficiencies have been ascertaiDed in
the customs, the internal duties and direct
tax, the bank dividends aud the postage of
letters. The deficiency which has oc-
CURED in the customs, internal duties and
direct taxes, will probably augment, in
nearly the same degree the receipts from
those sources in the year 1920, by the
pay Of the revenue bouds, and Of that
portion Of the internal duties and direct
taxes which if the accustomed punctuali-
ty had been observed, would have been
received during the preseot year. But it
is probable that the receipts Of that year
will be diminished by the non payment Of
the bank dividends, and by the applica-
tion of portion of the proceeds of the
public lands 10 the redemption Of the out
standing Mississippi stock. The receipts
for the year 1920, applicable 10 the ordi-
nary and current demands upon the Trea-
sury, may therefore be estimated at b.
OOO, 900 dollars, viz:


Customs, 100000 90


Public Lands, 100000 90


Arrears Of Internal duties


and direct tax, 45o,ooo 90


Second instalment due by


the United States bank, 100000 90


Incidental receipts, $4,000 90


Which, with the sum estima-


ted to be in the Treasury on


the lst Of January, 1920, 334,99o 80