A Compilation of the Messages and Papers of the Presidents eBook

This eBook from the Gutenberg Project consists of approximately 687 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 687 pages of information about A Compilation of the Messages and Papers of the Presidents.
749,861.87
From customs fines, etc. 1,136,442.34
From fees—­consular, patent, land, etc. 2,284,095.92
From miscellaneous sources 4,412,254.71
______________
Total ordinary receipts 374,694,229.91
From premium on sales of coin 9,412,637.65
______________
Total net receipts 374,106,867.56
Balance in Treasury June 30, 1871 (including
$18,228.35 received from “unavailable”) 109,935,705.59
______________
Total available cash 484,042,573.15

The net expenditures by warrants during the same period were: 

For civil expenses $16,187,059.20
For foreign intercourse 1,859,369.14
For Indians 7,061,728.82
For pensions 28,533,402.76
For military establishment, including
fortifications, river and harbor improvements,
and arsenals 35,372,157.20
For naval establishment, including vessels and
machinery and improvements at navy-yards 21,249,809.99
For miscellaneous civil, including public
buildings, light-houses, and collecting
the revenue 42,958,329.08
For interest on the public debt 117,357,839.72
______________
Total, exclusive of principal and premium on
the public debt 270,559,695.91

For premium on bonds purchased $6,958,266.76
For redemption of the public debt 99,960,253.54
_____________ 106,918,520.30
______________
Total net disbursements 377,478,216.21
Balance in Treasury June 30, 1872 106,564,356.94
______________
Total 484,042,573.15

From the foregoing statement it appears that the net reduction of the principal of the debt during the fiscal year ending June 30, 1872, was $99,960,253.54.

The source of this reduction is as follows: 

Net ordinary receipts during the year $364,694,229.91
Net ordinary expenditures, including interest
on the public debt 270,559,695.91
______________
Leaving surplus revenue 94,134,534.00
Add amount received from premium on sales of
gold, in excess of the premium paid on bonds
purchased 2,454,370.89
Add the amount of the reduction of the cash
balance at the close of the year, accompanied
with same at commencement of the year 3,371,348.65
______________
Total 99,960,253.54

This statement treats solely of the principal of the public debt.

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