292 



FINANCES OF THE UNITED STATES. 



The increase on banks and bankers is 

 $983,988 ; on gas, $258,596 ; and on adhesive 

 stamps, $834,581. The decrease in the re- 

 ceipts of income from individuals was $6,510,- 

 961. $1,785,172 were, however, offset by the 

 increase in the returns from corporations, so 

 that the balance shows a total decrease of only 

 $4,725,789. The large apparent falling off in 

 the receipts of income from individuals is 

 chiefly owing to a difference in the rate of tax. 

 Of the $14,434,950, exclusive of the salary-tax 

 returned in 1871, $10,680,967, or nearly 75 

 per cent, were collected at 5 per cent, under 

 act of March 2, 1867, while the balance for 

 that year and the whole amount for 1872 were 

 returned under act of July 14, 1870, at 2 per 

 cent. Estimating 2|- per cent, on the taxable 



income of the two years, there is a difference 

 of only $677,781 in favor of 1871. The collec- 

 tions on the annual and monthly lists of 1871 

 amounted to $7,625,409. The receipts to date 

 on the lists of 1872 are slightly in excess of 

 $8,000,000. 



There has been a rapid increase of the capi- 

 tal of the banks of the country, and they are 

 more widely diffused. The combined capital 

 of the whole number, which is 1,619, was in 

 October last $480,000,000; State banks, $60,- 

 000,000, an aggregate of $540,000,000. The 

 savings-banks of New England and New York 

 held, at the same time, $600,000,000 on de- 

 posit. 



The comparative condition of the national 

 banks for four years has been as follows : 



The movement for the year 1872, compared with that of 1871, was as follows 



The following is the latest official statement of the national banks of the city of New York, 

 as compared with the previous report of the Comptroller of the Currency : 



