296 



FINANCES OF THE UNITED STATES. 



fiscal year, ending June 30, 1874, it was esti- 

 mated that the receipts would be as follows : 



ventions and other public gatherings, being 

 admirably qualified for the control of such as- 

 semblages by his thorough parliamentary abil- customs... .. $111000000 

 ity, his widely-extended knowledge, his broad Sales of public' land's. ........ '.'.'.'....'.'.'.. i',soo',ooo 



views and a personal urbanity which nothing S^,3sa^:::::::::::::::::::::: ISS 



Could disturb. Pacific Railways 300,000 



FINANCES OF THE UNITED STATES. Customs' fines, etc........... 



The financial embarrassment which com- g^^^?.^" -.:""" IffioS 



menced in the last quarter of the year 1873 Miscellaneous sources... 2,000,000 



continued during 1874. Meantime, the ques- To{al .. $187100000 

 tion of expansion or contraction of the cur- 

 rency became prominent in the minds of the It was estimated that the expenditures for 

 people, as involving the remedy demanded, the same period would be as follows : 



The Government practically maintained a neu- Civil expenses $15,250,000 



tral position, and the volume of the currency JfiSfig? intercourse HM 



? i*>i i_i_ HH1 1,'llls.. . . ................................... O,J>l7lJ,UUU 



continued without any important change. Pensions 21,780,000 



Intheannual report of the Secretary of the Military establishment 31.000,000 



Treasury, made December, 1873, there was Slaneom ^, Sinciuding pubVic'buiid: ' ' 



presented a statement of the receipts and ex- ings 34,000,000 



penditures of the Government for the first Interest on the public debt 70.000,000 



quarter of the fiscal year ending June 30, 1874, Total $200,680,000 



and an estimate of the same for the remaining 



three-quarters of the fiscal year. The receipts But the moneys received and covered into 



and expenditures of the first quarter above tlie Treasury by warrants during the fiscal 



mentioned, ending on September 30, 1873, year ending June 30, 1874, were as follows: 



which is the first of the fiscal year ending June From customs $163,103,833 69 



30 1874- wpr-A nq fnllowq From internal revenue 102,409,78480 



BU, 10 f 4, WCl From galeg Qf pnblic ]andg 1,852,428 93 



Customs $49,195,403 68 From tax on circulation and deposits of 



Sales of public lands 573,768 07 national banks 7,030,038 17 



Internal revenue 25,640,45441 From repayment ot interest by Pacific 



Tax on circulation, etc., of national Railway Companies ... 1,028,89556 



banks 349074366 From customs' fines, penalties, etc 651,27176 



Repayment of interest by Pacific Rail- From labor, drayage, storage, etc 741,43583 



ways 198.97056 From sales of Indian trust-lands 903,43950 



Customs' fines, etc 431,514 21 From fees consular, letters-patent, and 



Consular, patent, and other fees 503,94112 land 1,898,18974 



Proceeds of Government property 303.765 32 From proceeds of sales of Government 



Miscellaneous sources 1,507.931 21 property 1,699,017 63 



From marine-hospital tax 352.379 98 



Net ordinary receipts $81.853,492 24 From steamboat fees 274,490 91 



Premium on sales of coin 2,350,818 34 From profits on coinage, etc 447,970 72 



Governmentof Great Britain payment of From tax on seal-skins 356,610 42 



the award of the tribunal of arbitration From miscellaneous sources 1.691,303 70 



at Geneva 15,500,000 00 



! 1 Total ordinary receipts $284,441,09084 



Total receipts $99,704,310 58 Premium on sales of coin 5,037,665 22 



Balance in Treasury, June 30, 1873 $131,192,028 50 



Total net receipts, exclusive of loans.... $289,478,756 66 



Total available $230,896,339 08 Payment by the British 



Governmentof the award 



,, j-i j ii j of the tribunal of arbitra- 



The expenditures during the same period tion at Geneva $15,500,00000 



were as follows: Excess of net receipts from 



certificates of deposit of 



Civil and miscellaneous expenses, in- legal tenders, etc., over 



eluding public buildings, light-houses, redemptions 17,207,475 23 



and collecting the revenues $17,372,293 60 32,707,475 23 



Indians 2,008,71519 



Pensions 8,698,156 58 Total net receipts $322,186.331 29 



Military establishment, including fortifi- Balance in Treasury, June 



cations, river and harbor improve- 30,1873 $131,192,02850 



ments, and arsenals 13,795,05348 Amount since received 



Naval establishment, including vessels from late depositary, 



and machinery, and improvements at Cincinnati, Ohio 1,03878 



navy-yards 9,792,451 57 



Interest on the public debt, including Pa- $131,193,067 23 



cific Railway bonds 37,051,90779 Deduct unavailable bal- 



ances with depositaries 



Total, exclusive of the principal and pre- carried to their debits 



mium on public debt $58,718,578 21 on books of the Resis- 



Premium, purchased bonds. $1,301,94678 ter, and to the credit 



Award by Geneva Tribunal, of the Treasurer of the 



investment account 15,500,000 00 United States 13,730 18 



Net redemption of the pub- $131 179 337 lo 



licdebt 32,986,82891 - ^^ 



49,788,775 69 Total available cash $453,365,568 39 



Balance in Treasury, September 30, 1873. 92,388,98518 



Total.... $^W3l9T8 _. KXPE*. 



Ihe net expenditures by warrants during 



For the remaining three-quarters of the same the same period were : 



