Items of Interest

The Treasury receipts for the calendar year 1904 were $540,000,000, and the expenditures (including the Panama payment) $562,000,000—a deficit for the year of $22,000,000. As compared with the previous calendar year, the receipts show a falling off of $8,000,000 and the expenditures an increase of $50,000,000. The decrease in custom receipts was $9,000,000. Civil and miscellaneous expenditures increased $13,000,000; War Department $9,000,000; Navy Department, $23,000,000; pensions, $2,000,000, and interest $1,000,000.

Imports for the first eleven months of 1904 were $939,000,000, an increase over the corresponding period of 1903 of $22,000,000. Imports free of duty, for the same period, increased $42,000,000, while the dutiable imports decreased $20,000,000. In 1903, 43½ per cent of the imports were free of duty; in 1904, 47 per cent.

Practically the entire increase in free imports was in coffee, India rubber, and raw silk. Dutiable imports decreased $20,000,000. although raw sugar and wool increased $28,000,000. All other dutiable imports decreased nearly $50,000,000. Of this decrease $20,000,000 was in iron and steel.

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Religion and Joyousness
January 14, 1905

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