A Compilation of the Messages and Papers of the Presidents eBook

This eBook from the Gutenberg Project consists of approximately 373 pages of information about A Compilation of the Messages and Papers of the Presidents.

A Compilation of the Messages and Papers of the Presidents eBook

This eBook from the Gutenberg Project consists of approximately 373 pages of information about A Compilation of the Messages and Papers of the Presidents.

The report of the Secretary of the Treasury gives a full and interesting exhibit of the financial condition of the country.

It shows that the ordinary revenues from all sources for the fiscal year ended June 30, 1883, amounted to $398,287,581.95, whereof there was received—­

From customs $214,706,496.93
From internal revenue 144,720,368.98
From sales of public lands 7,955,864.42
From tax on circulation and deposits of national banks 9,111,008.85
From profits on coinage, bullion deposits, and assays 4,460,205.17
From other sources 17,333,637.60
______________
Total 398,287,581.95

For the same period the ordinary expenditures were: 

For civil expenses $22,343,285.76
For foreign intercourse 2,419,275.24
For Indians 7,362,590.34
For pensions $66,012,573.64
For the military establishment, including river and
harbor improvements and arsenals 48,911,382.93
For the naval establishment, including vessels,
machinery, and improvements at navy-yards 15,283,437.17
For miscellaneous expenditures, including public
buildings, light-houses, and collecting the revenue 40,098,432.73
For expenditures on account of the District of Columbia 3,817,028.48
For interest on the public debt 59,160,131.25
______________
Total 265,408,137.54

Leaving a surplus revenue of $132,879,444.41, which, with an amount drawn from the cash balance in the Treasury of $1,299,312.55, making $134,178,756.96, was applied to the redemption—­

Of bonds for the sinking fund $44,850,700.00
Of fractional currency for the sinking fund 46,556.96
Of funded loan of 1881, continued at 3-1/2 per cent. 65,380,250.00
Of loan of July and August, 1861,
continued at 3-1/2 per cent. 20,594,600.00
Of funded loan of 1907 1,418,850.00
Of funded loan of 1881 719,150.00
Of loan of February, 1861 18,000.00
Of loan of July and August, 1861 266,600.00
Of loan of March, 1863 116,850.00
Of loan of July, 1882 47,650.00
Of five-twenties of 1862 10,300.00
Of five-twenties of 1864 7,050.00

Copyrights
Project Gutenberg
A Compilation of the Messages and Papers of the Presidents from Project Gutenberg. Public domain.