Gambar halaman
PDF
ePub

REPORT.

TREASURY DEPARTMENT,

Washington, D. C., December 3, 1877. SIR: In obedience to law, I respectfully submit the following report:

The ordinary revenues, from all sources, for the fiscal year ending June 30, 1877, wereFrom customs..

$130, 956, 493 07 From internal revenue..

118, 630, 407 83 From sales of public lands.

976, 253 68 From tax on circulation and deposits of national banks.

7,078, 550 96 From repayment of interest by Pacific Railway Companies...

1, 661, 998 64 From customs' fees, fines, penalties, &c.

1, 044, 712 8+ From fees—consular, letters-patent, and lands.

1, 727, 611 97 From proceeds of sales of Government property

333, 954 96 From premium on sales of coin..

249, 580 78 From profits on coinage, &c...

3, 273, 239 08 From miscellaneous sources.

3,067, 782 81 Total ordinary receipts......

269, 000, 586 62

The ordinary expenditures for the same period were

15, 794, 188 34 1, 229, 758 79 5, 277, 007 22 27,963, 752 27

For civil expenses...
For foreign intercourse.
For Indians.
For pensions.
For the military establishment, including river and

harbor improvements, and arsenals..
For the naval establishment, including vessels, ma-

chinery, and improvements at navy yards.... For miscellaneous expenditures, including public

buildings, light-houses, and collecting the revenue. For interest on the public debt

37, 082, 735 90

14, 959, 935 36

39, 228, 119 47 97, 124, 511 58

Total ordinary expenditures..

238, 660, 008 93

Leaving a surplus revenue of..

$30, 340, 577 69

Which was applied as follows:
To the redemption of United States notes, &c. ....
"To the redemption of fractional currency...
To the redemption of six per cent. bonds for the sink-

ing-fund...
To increase of cash-balance in the Treasury

$10,071, 617 00 14, 043, 458 05

447, 500 00 5, 778, 002 64

30, 340, 577 69

The amount due the sinking-fund for the year was $33,729,833 20, leaving a deficiency on this account of $3,389,255 51.

Compared with the previous fiscal year, the receipts for 1877 have decreased as follows: In customs revenue, $17,115,491 54; in proceeds of sales of public lands, $153,213 27; in sales of coin, $3,473,965 02; in semi-annual tax on banks, $250,022 33; in prize-money, $321,370 92; in sales of public property, $1,288,212 73; and in miscellaneous items, $934,512 81. There was an increase in the following items: In internal revenue, $1,929,675 80; in profits on coinage, $1,532,121 27; and in miscellaneous items, $1,593,539 01-making a net decrease in the receipts from all sources, for the year, of $18,481,452 54.

The expenditures show a decrease as follows: In the War Department, $988,152 74; in the Navy Department, $4,003,374 46; in the Interior Department, $983,194 37; in civil and miscellaneous, $10,706,307 18; and in the interest on the public debt, $3,118,759 65—due to the funding of six per cent. bonds in new fives and four-and-a-half per cent. bondsmaking a total reduction in all of the Departments of $19,799,788 40.

The large apparent reduction in the expenses of the Navy Department, however, is not real; for, by reason of insufficient appropriations to pay the current liabilities of that Department, Congress has, by deficiency bill, during the recent session, appropriated the sum of $2,003,861 27, which is properly chargeable to the expenditures of the last year; but, including such deficiency, the reduction in receipts has been nearly met by the reduction of expenditures.

It will also be noticed that more than one-half of this reduction has been made in the civil and miscellaneous expenditures, and is in part due to the reduction of the salaries and office expenses of the civil officers and employés of the Government.

FISCAL YEAR 1878.

For the present fiscal year the revenues, actual and estimated, will be as follows:

[blocks in formation]

The expenditures for the same period, actual and estimated, will be:

[blocks in formation]

From the actual receipts for the first quarter of the fiscal year and the estimates for the remaining three quarters, based upon existing laws, the total revenues for the current year will amount to $265,500,000, and the expenditures to $232,430,643 72, which will leave a surplus revenue of $33,069,356 28; and as the amount required for the sinking fund is $35,424,804 80, there will be a deficit on this account of $2,355,448 52.

FISCAL YEAR 1879. The revenues for the fiscal year ending June 30, 1879, estimated upon existing laws, will be: From customs..

$133, 000, 000 00 From internal revenue

120, 000, 000 00 From sales of public lands...

1, 000, 000 00 From tax on circulation and deposits of national banks.

7, 100, 000 00 From repayment of interest by Pacific Railway Companies...

1, 100, 000 00 From customs fees, fines, penalties, &c.

1, 000, 000 00 From fees—consular, letters-patent, and lands

1, 750, 000 00 From proceeds of sales of Government property

500, 000 00 From premium on sales of coin.

50, 000 00 From profits on coinage, &c.,

1,000,000 00 From miscellaneous sources

2, 750, 000 00

Total ordinary receipts....

269, 250, 000 00

The estimates of expenditures, for the same period, received from the several Executive Deparments, are as follows: Legislative

$2, 813, 256 16 Executive

13, 288, 462 25 Judicial

391, 900 00 Foreign intercourse..

1, 214, 397 50 Military establishment.

31, 597, 270 68 Naval establishment.

16, 233, 234 40 Indian affairs

5, 415, 891 20 Pensions

28, 000, 000 00 Public works: Treasury Department.

5, 076, 675 90 War Department...

7,953, 077 76 Navy Department.

2, 314, 231 00 Interior Department.

526, 244 00 Department of Agriculture.

15, 750 00 Postal service.....

8,093, 672 72 Miscellaneous.. Permanent annual appropriations:

15, 143, 585 22 Interest on the public debt.

92, 680, 802 51 Sinking fund

37, 196, 045 04 Refunding acts—customs, internal-revenue, lands, &c....

5,043, 000 00 Collecting revenue from customs.

6, 500, 000 00 Miscellaneous ...

1, 161, 300 04

Total estimated expenditures....

280, 688, 796 38

It will appear that if Congress shall make appropriations based upon the foregoing estimates, including $37,196,045 04 for the sinking-fund,

« SebelumnyaLanjutkan »