FINANCES OF THE UNITED STATES. 



335 



stabulary force increased. A state of martial law 

 was created in some counties ; suspected persons 

 were arrested, among whom was James Ste- 

 phens, the Head Centre, as it appears, not only 

 in Ireland, but of the whole Brotherhood. Not- 

 withstanding the vigilance of the keepers, 

 Stephens quietly disappeared from prison, and 

 the utmost efforts of the government have 

 failed to discover the place of his concealment 

 or to detect his accomplices. Searches were 

 also made, and arms discovered and prisoners 

 arraigned for trial, but nothing occurred during 

 the year to change the attitude of the govern- 

 ment and the Brotherhood. In the British 

 Provinces some apprehensions of an invasion 

 by Fenians from the United States, caused the 

 militia, on two or three occasions, to be placed 

 under arms and ordered to the place of the 

 anticipated attacks. But the apprehensions 

 proved groundless. 



FINANCES OF THE UNITED STATES. 

 The current receipts and expenditures of the 

 United States for the fiscal year ending June 

 30, 1865, were partly stated and partly esti- 

 mated by the Secretary of the Treasury (Mr. 

 Fessenden) in his annual report to Congress 

 under date of December, 1864. The actual re- 

 ceipts for the first quarter of that year, ending 

 September 30, 1864, were as follows: 



Expenditures brought forward $1,245.729,136 76 



Prom this amount there was deducted an un- 

 unexpended balance of appropriations of 

 former years $850,000,000 00 



Leaving total expenditure, actual and esti- 

 mated $895,729,135 75 



The actual receipts and expenditures from 

 the ordinary sources of revenue during the 

 fiscal year, exceeded the estimates as follows : 



Receipts. 



Balance In the Treasury July 1, 1864, agree- 

 ably to warrants* '. $96,739,905 73 



From Customs 4.928,260 60 



From Lands 996,55381 



From Direct Tax 1,200.57303 



From Internal Revenue 209,464,215 25 



From miscellaneous sources 82,978,284 47 



Total $426,307,792 89 



Expenditures. 



For civil service $44,765,558 12 



Pensions and Indians 14,258,575 88 



War Department 1,031,823,860 79 



Navy Department 122,567,77612 



Interest on public debt 77,897,712 00 



Total $1,290,312,982 41 



These were the results of the ordinary sources 

 of revenue and expenditures during the fiscal 

 year ending June 30, 1865. It was the estimate 

 of the Secretary in December, 1864, that it 

 would be necessary to provide by loans the 

 sum of $570,727,508.11 for the year ending 

 July 1, 1865. The heavy expenditures of that 



From Customs ". $19,271,091 96 fiscal year were the result of the gigantic scale 



From Lands ^'l 1 on which the war was prosecuted during a por- 



From Direct Tax... 16,079 S6 ,. ^ .-, jr. 



From internal Eevenue 46,56^859 92 tion of the year, and the payment ot othcers 



From miscellaneous sources 9,020,171 44 and men mustered out of the service. 



$75212389 02 The ac ti n of Congress providing means for 



Add balance in the Treasury July 1,1864.... 18,842^553 71 the Treasury consisted in the passage of a re- 



. ., _ vised act for raising internal revenue on March 



Eece lp ts from all sources except loans $94,0o4,947 73 ^ im . ^ on ^ ^ ^ an ^ ^^ 



The expenditures during the same first quar- revising the duties on imports ; also on the 



tor were as follows : same date the passage of an act authorizing the 



Expenditures. Secretary of the Treasury to borrow any sum, 



For the civil service f 8,712.422 51 in addition to the amounts previously author- 

 Pensions and Indians 4,935,17931 ,* {. pv^pp/Hnp- i&fiOO 000 000 to hp i<wnp<] 



War Department 286,200,238 52 J 26 "? 'UU,UUU,UUU, IO I 



Navy Department 83.292,91 6 49 in Treasury notes or bonds, of which the latter 



Interest on public debt 19,921,054 48 were to be 5.40s, and the former convertible 



Total... ...$353,061,861 81 m * bonds. The rate of interest was six per 



cent, in coin, or 7 A per cent, in currency. 



The estimates for the remaining three quar- Previously O J j anua ^ 2 5th, an act was passed 



ters of the same fiscal year, ending June 30, anthorizi ^' the Secretary to issue Treasury 



1865, were as follows : m)tes for ^ balance of $400,000,000 of bonds 



Receipts estimated. not issued, which were authorized by an act of 



From Customs ...$51,000,00000 TnnA 30 1RR4. Apr-rvrrHnrr tn fhp rpnort nf 



From Internal Eevenue 203 000 000 00 ^ UD L dU ' if b4 ' /-CCO 111 ^ 1 



From Lands '. 800,000 oo Secretary Fessenden, there were to be added to 



From miscellaneous sources 15,000,00000 the resources for the fiscal year ending June 



$269,300,000 oo 80, 1865, balances remaining from previous 



- loans authorized; that is, on July 1, 1864, there 



*ffi stigifflas n&53 stm remained & ^^ to bom)w ** f u w - 



i, 1864 $368,354,947 73 ing amounts : 



Expenditures estimated. * Tho ac t ua i balance in the Treasury July 1. 18G4, as stated 

 For the civil service $26,852.489 47 by Secretary Fessenden, was $18,842,588.71. But in his re- 

 Pensions and Indians 6,516,595 72 port there was excluded from the public debt the sum of 



War Department 677,479,384 89 $77,897,347.02, which amount had been paid out of the Trcas- 



Navy Department 109,929,644 16 ury, but had not been reimbursed to the Treasurer by war- 

 Interest on public debt 71,889,160 70 rants, and was not reimbursed until alter the commencement 



of the next fiscal year. This explains the difference between 



$892,667,274 44 $18,842,558.71, assumed in that report as the balance in the 

 Treasury July 1, 1864, and $96,739,955.78, tho balance accord- 

 Total expenditure, actual and estimated. . . .$1,245,729,185 75 ing to .the warrant account. 



