State of the Union Address eBook

This eBook from the Gutenberg Project consists of approximately 75 pages of information about State of the Union Address.

State of the Union Address eBook

This eBook from the Gutenberg Project consists of approximately 75 pages of information about State of the Union Address.

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

Of five-twenties of 1865 — 9,600.00

Of ten-forties of 1864 — 133,550.00

Of consols of 1865 — 40,800.00

Of consols of 1867 — 235,700.00

Of consols of 1868 — 154,650.00

Of Oregon War debt — 5,450.00

Of refunding certificates — 109,150.00

Of old demand, compound-interest and other notes — 13,300.00

Total — 134,178,756.96

The revenue for the present fiscal year, actual and estimated, is as follows: 

Source — For the quarter ended September 30, 1883 (actual) — For the remaining three quarters of the year (estimated)

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State of the Union Address from Project Gutenberg. Public domain.