374 



FINANCES OF THE UNITED STATES. 



In the expenditures of the fiscal year ending 

 June 30th, 1864 (see page 372), are the follow- 

 ing items for the War and Navy Departments 

 $690,791,842.97 and $85,733,292.77. The de- 

 tails of these expenditures were as follows : 



Under the direction of the War Department. 



For pay of the army proper. . $4,360,213 90 



" pay of volunteers 204,047,91742 



" subsistence of volunteers and regulars. . . 95,280,415 43 



" Quartermaster's department 809,078,752 79 



arms, ordnance, &c. 35,228,748 47 



forts, arsenals, armories, &c 5,732,639 28 



Military Academy at West Point 40,754 50 



medical and hospital department, 11,044,288 18 



expenses of recruiting 302,209 71 



collecting and drilling volunteers 5,688,180 09 



draft and substitute fund 5.302,641 00 



- bounty to volunteers and regulars 12,258,847 00 



" refunding to States expenses incurred in 



raising volunteers 1,269,565 57 



" miscellaneous 1,206,669 63 



Total War Department $690,791,842 97 



Under tlie direction of the Navy Department. 



For pay of the navy. $20,099,760 78 



" provisions and clothing. 5,316,805 93 



" contingencies of the navy 22,879 93 



" prize money to captors 2.229,872 61 



" medicine and surgery '214,633 78 



" construction and repairs 80,649,300 53 



" steam machinery 9,101,99812 



" equipment and recruiting 7,185,171 57 



" ordnance, &c , 7,179,302 03 



" yards and docks 2,405,828 79 



985,30217 



287,920 74 



42,S79 51 



12,636 28 



marine corps. 



navigation, &c 



Naval Academy 



relief of sundry individuals. 



Total Navy Department $85,733,292 77 



The public debt on July 1st, 1864, was as 

 follows : 



Amount on December 10th, 1863 $1,093,793,181 37 



Evidences of debt subsequently issued for 



amounts paid into the Treasury before 



Julylst,1863 23,782,42320 



Loans expended and balance on hand July 



lst,1864. 618,144,884 92 



Total, July 1st, 1864 $1,740,690,489 49 



Under the acts of Congress by which the 

 indebtedness (see table on preceding page) had 

 been incurred, there still remained authority 

 to borrow, on July 1st, 1864, the following 

 amounts : 



1. Under the act of March 3d, 1863, so much 

 of seventy-five millions, advertised pre- 

 viously to June 80th, 1864, as had not been 



awarded to bidders $32,459,700 00 



2. Under act of March 8d, 1S64, so much as 

 had not been subscribed for, and paid into 



the treasury, viz : 127,603,520 00 



B. Under the act of June 30th, 1864 400,000,000 00 



4. Amount of Treasury notes issued under 



former acts, which had been redeemed 



and cancelled, and which the Secretary 



was authorized to replace by notes issued 



under the act of June 30th, 186-1 62,191,400 00 



Total available resources under laws author- 

 izing loans $622,284,625 00 



To this may be added the actual balance in 

 the Treasury, July 1st, 1S64 18,842,588 71 



Tctal $641,127,213 71 



These were the resources of the Treasury at 

 that time, together with the ordinary revenue, 

 for the fiscal year 1865. 



The actual receipts and expenditures for the 



quarter ending September 30th, 1864, tc gethcl 

 with the estimated receipts and expenditures 

 for the remaining three quarters of the fiscal 

 year ending June 30th, 1865, are given be- 

 low : 



For the quarter of the year ending Septem- 

 ber 30th, 1864, the actual receipts were as 

 follows : 



Receipts. 



From customs 



From lands 



From direct tax 



From internal revenue 



From miscellaneous sources. 



Add actual balance in the 

 treasury July 1st, 1864 



$19,271,091 96 



842,185 84 



16,079 86 



40,562.859 92 



9,020.171 44 



Receipts from all sources ex- 

 cepting loans 



For the three remaining quarters, ending on 

 the 30th of June, 1865, the estimate is : 



From customs $51,000,000 00 



From internal revenue 203,000,000 00 



From lands 300.000 00 



From miscellaneous sources 15,000,000 00 



Total receipts from ordinary 

 sources, actual and esti- 

 mated, with balance on 

 hand, July 1st, 1864 



$75,212,389 02 

 18,842,558 71 



$94,054,947 73 



269,300,000 00 



$863,354,947 73 



The expenditures for the first quarter, ending 

 September 30th, 1864, were as follows, viz. : 



Expenditures. 



For civil service 



For pensions and Indians. 



For War Department 



For Navy Department. . . . 

 For interest on public debt 



Total, exclusive of princi-' 

 pal of public debt .... 



For the three remaining 

 quarters the estimated 

 expenditures, based upon 

 appropriations and esti- 

 mated deficiencies, are : 



For the civil service 



For pensions and Indians. 



For War Department 



For Navy Department. . . . 



For interest on public debt 



$8,712,422 51 

 4,935,179 31 

 286,200.288 52 

 33.292,916 49i 

 19,921,054 48 



$26,852,489 47 



677,479,384 39 



109,929,644 16 



71,889,160 70 



Total of expenditures, actual and esti- 

 mated 



These estimates include all unexpendec 

 appropriations from former years, anc 

 there may be deducted, as a probable 

 unexpended balance at the close of th 

 year. 



Leaving total amount, actual and esti- 

 mated, for the current year 



Deducting from the total of expenditures 

 the total of receipts, actual and esti 

 mated..., 



There will remain 



If Congress should adopt measures for 

 increasing the internal revenue at an 

 early day, the Secretary believes there 

 may be added to the receipts from that 

 source 



Which being deducted, there would re- 

 main to be provided 



$353,061,861 31 



892,667,274 44 



$1,245,729,135 7 



350,000,000 00 



$895,729,135 75 



363,354,947 73 

 532,374,188 02 



50,000,000 00 

 $482,374,188 02 



