Last week the Treasury Department struck a final balance of its books for the fiscal year 1930, was gratified to discover it had a surplus of receipts over expenditures of $184,000,000.
The 1930 figures failed to reflect large income tax losses due to last year's stock-market crash. In fact income tax receipts were up $80,000,000 above the 1929 level. Business depression since Jan. 1 likewise made no appearances in these fiscal statistics; its effect will not emerge until next year's tax payments.
Secretary Mellon called the 1930 record "a satisfactory showing." The chief...
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