A Compilation of the Messages and Papers of the Presidents eBook

This eBook from the Gutenberg Project consists of approximately 330 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 330 pages of information about A Compilation of the Messages and Papers of the Presidents.

The ordinary revenues from all sources for the fiscal year ended June 30, 1880, were—­

From customs.......................................... $186,522,064.60
From internal revenue.................................. 124,009,373.92
From sales of public lands............................... 1,016,506.60
From tax on circulation and deposits of national banks... 7,014,971.44
From repayment of interest by Pacific Railway companies.. 1,707,367.18
From sinking fund for Pacific Railway companies............ 786,621.22
From customs fees, fines, penalties, etc................. 1,148,800.16
From fees--consular, letters patent, and lands........... 2,337,029.00
From proceeds of sales of Government property.............. 282,616.50
From profits on coinage, etc............................. 2,792,186.78
From revenues of the District of Columbia................ 1,809,469.70
From miscellaneous sources............................... 4,099,603.88
Total ordinary receipts................................ 333,526,610.98

The ordinary expenditures for the same period were—­

For civil expenses..................................... $15,693,963.55
For foreign intercourse.................................. 1,211,490.58
For Indians.............................................. 5,945,457.09
For pensions (including $19,341,025.20 arrears of pensions)
........................................................ 56,777,174.44
For the military establishment, including river and harbor
improvements and arsenals............................... 38,116,916.22
For the naval establishment, including vessels, machinery,
and improvements at navy-yards.......................... 13,536,984.74
For miscellaneous expenditures, including public buildings,
light-houses, and collecting the revenue................ 34,535,691.00
For expenditures on account of the District of Columbia.. 3,272,384.63
For interest on the public debt......................... 95,757,575.11
For premium on bonds purchased........................... 2,795,320.42

leaving a surplus revenue of $65,883,653.20, which, with an amount drawn from the cash balance in Treasury of $8,084,434.21, making $73,968,087.41, was applied to the redemption—­

Of bonds for the sinking fund.......................... $73,652,900.00
Of fractional currency..................................... 251,717.41
Of the loan of 1858......................................... 40,000.00
Of temporary loan.............................................. 100.00
Of bounty-land scrip............................................ 25.00
Of compound-interest notes.................................. 16,500.00
Of 7.30 notes of 1864-65..................................... 2,650.00
Of one and two year notes.................................... 3,700.00
Of old demand notes............................................ 495.00
Total..................................................
. 73,968,087.41

The amount due the sinking fund for this year was $37,931,643.55.  There was applied thereto the sum of $73,904,617.41, being $35,972,973.86 in excess of the actual requirements for the year.

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