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Balance in the Treasury July ls ls46, 006 $40 rs


These estimates are based good data o. can be
commanded put they Of little interest deserving of
much confidence. is beyond the power of any indi.
vidual to estimate, with any degree Of accuracy the
probable position Of the finances of the SO
long in advance In country like this is impossible
predict what year may bring forth in commercial mat
ter Where is the that two years ego imagined for
moment, that the year 1914 would produce revenue
from customs larger than any previous7 We look
these esmstes useless far the purposes Of
Legislation are concerned Mr.. Secretary Bbb can look
as far into utury regards this subject any Of his
predecessors but the practice attended with DANGER
and often leads us all astray.