FINANCES OF THE UNITED STATES. 



( )\\ in- to its limited coinage it bus been kept 

 at |i;tr. 



1 h. ininiber of banks in operation on Octo- 

 ber 2, 1879, was 2,048, and the aggregate capital 

 $454,067,865; surplus, $114,78ii,52b; individ- 

 ual deposits, $719,787,568; specie, including 

 United States coin certificates, $42,178,781 ; 

 u-ndi-r notes and ccrtiticates, $95,973,446; 

 loans, $875,018,107; circulation, $387,181,418. 



Tho monetary transactions of tbe Govern- 

 ment have been conducted tbrougb the offices 

 of the United States Treasurer, 9 assistant 

 treasurers, 510 depositaries, and 222 national- 

 bank depositaries. 



The receipts of the Government from all 

 sources have amounted during the last year, as 

 shown by warrants, to $1,066,634,827.46, of 

 which $792,807,643 have been received from 

 loans, $137,250,947.70 from customs, $113,- 

 561,610.58 from internal revenue, and $23,- 

 015,526.18 from sales of land and from miscel- 

 laneous sources. These receipts were deposited 

 as follows: In independent-treasury offices, 

 $413,363,508.48 ; in national-bank depositories, 

 $653,271,319.03. 



The receipts from the several sources of tax- 

 ation under the internal-revenue laws for the 

 fiscal year ending June 30, 1879, were a? fol- 

 lows: 



From spirits |52,J70,284 68 



From tobacco 40, 186,002 65 



From fermented liquors 10,729,820 08 



From banks and bankers 8,198,888 69 



From penalties, etc 279,497 80 



From adhesive stamps 6.706.884 06 



From arrears of taxes under repealed laws. . . . 299,094 00 



Total 1113,918,466 87 



The following is a list of subjects of taxation 

 nnder the internal-revenue law : 



Deposits in bank, or with persons, etc., engaged in 

 the business of banking. 



Deposits in savings banks. [Savings banks are now 

 exempt from tax on $2,000 of savings deposits made in 

 the name of and belonging to any one person, thus 

 exempting the percentages of all poor persons.] 



Capital of banks, etc., and capital employed by any 

 person in the business of banking beyond average 

 amount invested in United States bonds. 



Circulation issued by any bank, etc., or person, per 

 month. 



Banks, etc., on amount of notes of any person, 

 State bunk, or State banking association, used for cir- 

 culation and paid out. 



Banks, bankers, or associations, on amount of notes 

 of any town, city, or municipal corporation, paid out 

 by them. 



Every person, firm, association other than national 

 bank associations, and every corporation, State bank, 

 or State banking association, on the amount of their 

 own notes used tor circulation and paid out by them. 



Every such person, flnn t association, corporation, 

 State bank, or State banking association, and also 

 every national banking association, on the amount of 

 notes of any person, firm, association other than a 

 national banking association, or of any corporation, 

 State bank or State banking association or of any 

 town, city, or municipal corporation, used for circula- 

 tion and paid out by them. 



Bank-check, draft ; order, or voucher for the pay- 

 ment of any sum of money whatsoever, drawn upon 

 anv bank, hanker, or trust company. 



Medicines or preparations, perfumeries and cosmet- 

 VOL. xix. 24 A 



ius, friction-matches, wax-taper*, cigar-lighu, 

 curds. 



Spirits distilled from tipples, peaches, or grape*. 



Spirits distilled from materials other than apple* 

 peaches, and grapes. 



liertiiiiT* 'if imy quantity less than 500 barrels. 



Kectitiers of 5oo barrels or more. 



NViaj, liquors, or compounds known or denomi- 

 nated as wine, and made in imitation of sparkling wine 

 or champagne, but not made from tfr;ij>os grown in the 

 United States, and liquors not made trom grapes, cur- 

 rants, rhubarb, or berries grown in the United States, 

 but produced by being rectified or mixed with distilled 

 spirits. 



Retail liquor-dealers, wholesnleliquor-dealers, manu- 

 facturers 01' stills, stills or worms, manufactured. 



Stamps for distilled spirits intended for export: 

 stamps, distillery warehouse} stamps for rectified 

 spirits ; stamps, wholesale liquor-dealers ; stamps, 

 special bonded warehouse; stamps, special bonded 

 warehouse (rewarehousingj ; stamps for imported 

 spirits. 



Cigars and cheroots ; cigarettes ; manufacturers of 

 cigars ; snuif of all descriptions, domestic or imported, 

 and snuif flour sold or removed, for use, per pound ; 

 tobacco, chewing and smoking; dealers in leaf to- 

 bacco ; retail dealers in leaf tobacco ; dealers in manu- 

 factured tobacco ; manufacturers of tobacco ; peddlers 

 of tobacco. 



Fermented liquors ; brewers ; retail dealers in malt 

 liquors; wholesale dealers in malt liquors. 



The total tonnage of the country on Jnne 

 80, 1879, was 4,169,600 tons. Of this tonnage 

 1,491,533 tons represented 2,717 vensels regis- 

 tered for the foreign trade, and 2,678.067 tons 

 represented 22,494 vessels enrolled and licensed 

 and engaged in the coasting or domestic trade. 

 There has been an increase of 94,350 tons em- 

 ployed in domestic trade, and a decrease of 

 137,514 tons employed in the foreign trade by 

 sea, as compared with the tonnage of 1878. 



The vessels built during the year are classed 

 as follows: 



The total tonnage of vessels entered at the 

 seaboard ports from foreign countries was 11,- 

 630,527 tons during the year ended June 80, 

 1878, and 13,768,137 tons during the last fiscal 

 year, showing an increase of 2,237,610 tons, 

 or about 19 per cent. The American tonnage 

 entered exhibited an increase of only 40,306 

 tons, or 1 per cent., while the foreign showed 

 an increase of 2,197,804 tons, or nearly 26 per 

 cent. Of the total amount of merchandise 

 brought in at seaboard, lake, and river ports, 

 during the last fiscal year, an amount of the 

 value of $143,599,853 was imported in Ameri- 

 can vessels, and $810,499,599 in foreign; of 

 the exports, a value of $128,425,889 was 

 shipped in American, and $600.769,688 in 

 foreign vessels. Of the combined imports and 

 exports, 28 per cent, only of the total value 

 was conveyed in American vessels. 



The great financial and other events of 1879 

 such as the resumption of specie payments ; 



