280 



FINANCES OF THE UNITED STATES. 



The receipts of the first quarter above men- 

 tioned, ending on September 30, 1.874, which is 

 the first of the fiscal year ending June 30, 

 1875, were as follows : 



Fromcustoms $46651,20010 



From internal revenue 26,314,615 33 



From sales of public lands 391,465 88 



From tax on circulation, etc., of national banks 8,596,148 23 

 From repayment of interest by Pacific Kail- 

 ways 



From customs 1 fines, etc 



From consular, patent, and other fees 



From proceeds of sales of Government prop- 

 erty 



From miscellaneous sources 



21T,941 97 



30,540 31 



451,251 11 



522,546 77 

 1,255,332 57 



Net ordinary receipts $79,431,048 27 



From premium on sales of coin 1,453,287 72 



Total net ordinary receipts $80,884,285 99 



Eeceipts from certificates of deposit of legal 

 tenders and coin certificates in excess of re- 

 demptions 5,247.068 24 



Balance in Treasury, June 30, 1874 150,731,694 63 



Total available $236,863,048 86 



The expenditures during the same period 

 were as follows : 



For civil and miscellaneous expenses, includ- 

 ing public buildings, lighthouses, and col- 

 lecting the revenues $20,838,410 77 



For Indians 3,032,752 93 



For pensions 8,913,407 18 



For military establishment, including forti- 

 fications, river and harbor improvements, 

 and arsenals 11,618,290 99 



For naval establishment, including vessels 

 and machinery, and improvements at navy- 

 yards 8,122,72814 



For interest on the public debt, including Pa- 

 cific Kailway bonds 82,787,899 88 



Total ordinary expenditures $85,813,489 42 



Balance in the Treasury, September 80, 1874. 151,549,559 44 



Total $236,863,048 86 



For the remaining three-quarters of the 

 same fiscal year, ending June 30, 1875, it was 

 estimated that the receipts would be : 



From customs $115,350,000 00 



From internal revenue 78,784,000 00 



From sales of public lands 1,000,000 00 



From tax on national banks 8,300,000 00 



From Pacific Eailways 500,000 00 



From customs' fines, etc 200,000 00 



From consular, patent, and other fees 1,200,000 00 



From sales of public property 1,000,000 00 



From miscellaneous sources 2,100,000 00 



Total $203,434,000 00 



For the same period, it was estimated that 

 the expenditures would be : 



For civil and miscellaneous, including public 



buildings $48,060,000 00 



For Indiana 5,000,000 00 



For pensions 21,442,000 00 



For military establishment 28,500,000 00 



For naval establishment 17,000,000 00 



For interest on the public debt 70,000,000 00 



Total $190,002,000 00 



Thus, for the fiscal year ending June 30, 1875, 

 from the foregoing account of actual receipts 

 and expenditures for the first quarter, and of the 

 estimates of the same for the remaining three- 

 quarters, the estimates being based on the as- 

 sumption that Congress would not increase the 

 expenditures by deficiency or other appropri- 

 ations, it was expected that the revenues would 

 amount to $284,318,285.99, and that the ordi- 

 nary expenses would be $275,315,489.42 ; which 



would leave a surplus revenue of $9,002,796.57 

 to be applied to the sinking-fund. 



But the moneys received and covered into 

 the Treasury by warrants during the fiscal year 

 ending June 30, 1875, were as follows: 



Customs $157,167,722 85 



Internal revenue 110,007,498 53 



Sales of public lands 1,418,640 17 



Tax on circulation and deposits of national 



banks 7,268,379 16 



Repayment of interest by Pacific Kailway 



Companies 882,274 91 



Customs' fines, penalties, etc 228,870 28 



Labor, drayage, storage, etc 1,112,500 58 



Sales of Indian trust-lands 248,671 66 



Fees consular, letters-patent, and land 1,818,884 29 



Proceeds of sales of Government property. . . 1,278,698 87 



Marine Hospital tax 338,893 78 



Steamboat fees 260,944 75 



Profits on coinage, etc 452,657 40 



Tax on seal-skins 817.494 75 



Miscellaneous sources 1,228,649 98 



Total ordinary receipts $284,020,771 41 



Premium on sales of coin 3,979,279 69 



Total net receipts, exclusive of loans $288,000,051 10 



Balance in Treasury June 80, 1874, including 



deposits of coin and United States notes 



represented by certificates outstanding 150,781 ,694 63 



Total available cash $438,731,745 78 



The net expenditures by warrants during 

 the same period were as follows : 



Civil expenses $17,346,929 68 



Foreign intercourse 1,265,418 28 



Indians 8,384,656 82 



Pensions 29,456,216 22 



Military establishment, including fortifica- 

 tions, river and harbor improvements, and 



arsenals 41,120,645 98 



Naval establishment, Including vessels, and 



machinery and improvements at navy-yards. 21,497,626 27 

 Miscellaneous civil, including public buildings, 



lighthouses, and collecting the revenues. . . 50,528,536 22 

 Interest on the public debt, including interest 

 on bonds issued to Pacific Kailway Com- 

 panies 103,098,544 6T 



Payment of award to British claimants 1,929,819 00 



Total net expenditures $274,623,892 84 



Redemption of the public debt 19,405,936 48 



Total net disbursements $294,029,829 82 



Balance in Treasury, June 30, 1875 144,702,416 41 



Total $438,731.745 73 



This statement shows that the net revenues 



for the fiscal year were $288,000,051 10 



And the ordinary expenses (including the 



award to British claimants, $1,929,819) .... 274,623,392 84 



Leaving a surplus revenue, exclusive of pro- 

 vision for the sinking-fund $13,376,658 26 



The receipts for the first quarter of the fiscal 

 year ending June 30, 1876, were as follows : 



Customs ... . $44,233,626 25 



Internal re venue 28,199,723 50 



Sales of public lands 808,641 73 



Tax on circulation, etc., of national banks.. . . 8,626,083 88 



Repayment of interest by Pacific Railways. . . 262,202 87 



Customs' fines, etc 28,521 75 



Consular, patent, and other fees 510,427 19 



Proceeds of sales of Government property. . 104,273 65 



Miscellaneous sources 1,722,408 90 



$78.995,869 67 



2,160,275 47 



Premiums on sales of 

 Total 



Total net ordinary receipts $81,156,145 14 



Balance in Treasury, June 80, 1875 144,702,416 41 



Total available $225,858,561 65 



The expenditures during the same period 

 were as follows : 



