190 



FINANCES OF THE UNITED STATES (1870-'T2). 



expenditures since the close of the war, 255 ; 

 reduction of the public debt since 1865, 255 ; 

 immigration for a series of years, 255 ; increase 

 of railroads, 255 ; Southern improvement, 256 ; 

 annual product of the United States, 256 ; sta- 

 tistics of manufactures, 256 ; statement of the 

 values created by the leading industries, 258 ; 

 assessed value of real and personal property in 

 six States, 258 ; amount of American securities 

 held in foreign countries, 258; railway bonds 

 and shares held abroad, 258 ; recapitulation of 

 foreign indebtedness, 259 ; movement of specie 

 and bullion, 259 ; exhibit of imports, exports, 

 and reexports, for a series of years, 259 ; re- 

 marks of the commissioner on remittance of 

 bonds, 260 ; effects of an excessive inflation of 

 the currency, 260 ; statements showing a dis- 

 organization in the labor of the country, 260 ; 

 receipts of internal revenue for 1868 and 1869, 

 261 ; expenses of collecting the revenue, 262 ; 

 statistics of the revenue department, 262; 

 monthly range of Government securities, 263 ; 

 prices of articles of produce for a series of 

 years, 264; daily price of gold, 265; prices of 

 stocks, 266. 



X. Reduction in premium on gold, 287 ; re- 

 ceipts and expenditures of quarter ending Sep- 

 tember 30, 1869, 287 ; for the three quarters 

 ending June 30, 1870, 287; for entire year 

 ending June 30, 1870, 288 ; for quarter ending 

 September 30, 1870, 288; reduction of debt, 

 288 ; estimates for the three quarters ending 

 June 30, 1871, 288 ; debt, 288 and 322 ; fund- 

 ing bill, 288 ; statement of public debt June 

 30, 1870, 289 ; funding bill, 289 ; effect of Eu- 

 ropean war upon, 290 ; statement of Secretary 

 of Treasury with regard to, 290 ; modification 

 of system of taxation, 291 ; returns of, 291 ; 

 internal revenue receipts, etc., 292 ; modifica- 

 tion of import duties, 292 ; shipping, 292 ; im- 

 ports in district of New York, 293 ; report of 

 congressional committee on decline in Ameri- 

 can shipping, 293; comparative tonnage of 

 United States and British vessels engaged in 

 foreign trade of each country, 294 ; monthly 

 range of Government securities during the 

 year, 294; monthly range of stocks at New 

 York, 295 ; range of gold during year, 296. 



XL Revenue, 294 ; increase of imports, 2 94 ; 

 internal revenue, 294 ; receipts and expendi- 

 tures, 294, 295 ; sources of revenue, 295 ; 

 amount of debt, 295 ; decrease, 295 ; summary 

 of debt December 1, 1871, 296 ; bonds issued 



to Pacific Railroads, 296 ; estimates and recom- 

 mendations of Secretary of the Treasury, 296, 

 297 ; table of distilleries by States, 297 ; spirits 

 in bond, 297 ; receipts from spirits, 297 ; from 

 fermented liquors, 297 ; receipts from tobacco, 

 298 ; amount manufactured, 298 ; seizures for 

 violation of internal revenue law, 298 ; funding 

 the debt, 298 ; syndicate, 298 ; report of con- 

 gressional committee on legality of arrange- 

 ment, 298, 299 ; resumption of specie payment, 

 299, 300 ; amount of currency at different pe- 

 riods, 300 ; bank statement for six years, 301 ; 

 banks and capital for 1871, 301 ; failures, 302 ; 

 shipping, 302 ; monthly range of Government 

 securities at New York for 1871 (table), 302 ; 

 comparative table of prices of produce at New 

 York for twelve years, 303 ; highest and low- 

 est prices of gold during 1871 (table), 805 ; 

 daily table of sterling exchange, 306 ; highest 

 and lowest prices of stocks for each month 

 (table), 307. 



XII. General remarks, 289 ; receipts and 

 expenditures for the quarter ending Septem- 

 ber 30, 1871, 289 ; estimated receipts and ex- 

 penditures for the three quarters ending June 

 30, 1872, 289 ; actual receipts during the year 

 ending June 30, 1872, 289 ; net expenditures 

 for same period, 289, 290 ; reduction of the 

 debt for the year, 290 ; quarterly reduction of 

 the public debt, 290 ; receipts during the quar- 

 ter ending September 30, 1872, 290 ; expendi- 

 tures for same quarter, 290; estimated re- 

 ceipts and expenditures for the three quarters 

 ending June 30, 1873, 290 ; reduction in tax- 

 ation since the close of the war, 290 ; table 

 showing the amount of taxes returned from 

 the several sources of revenue from the organ- 

 ization of the Internal Revenue Department, 

 290 ; statement of the outstanding principal of 

 the public debt of the United States, June 30, 

 1872, 291 ; receipts from internal revenue, 

 291 ; number of persons who paid the income- 

 tax, 291 ; table exhibiting a comparison of the 

 receipts from incomes, or profits on capital, 

 292 ; items showing increase or decrease, 292 ; 

 comparative condition of the national banks 

 for four years, 292 ; official statement of the 

 national banks of New York City, 292, 293 ; 

 statement of the State banks of New York 

 City, 293 ; the indebtedness of each State in 

 the Union, 293 ; the issue of bonds, 294 ; sta- 

 tistics of commerce, 294 ; changes in business 

 and financial affairs caused by the war, 294 ; 



