UNITED STATES, FINANCES OF THE. 



781 



490.47; Indian service, $6,194,522.69; pen- 

 sions, $75,029,101.79; military establishment, 

 $38,561,025.85 ; naval establishment, $15,141,- 

 126.80; miscellaneous, including public build- 

 ings, light-houses, and collecting the reve- 

 nue, $52,002,647.46 ; District of Columbia, $4,- 

 085,251.39 ; interest on the public debt, $47,- 

 741,577.25; total, $267,932,179.97; leaving a 

 surplus of $103,471,097.69; which, with $24,- 

 455,720.46, drawn from the cash balance in the 

 Treasury, made $127,926,818.15. This was 

 applied as follows : To the redemption of 

 bonds for the sinking fund, $47,903,248.15; to 

 the redemption of 3-per-cent. bonds, $79,864,- 

 100; to the redemption of other securities, 

 $159,470 ; total, $127,926,818.15. 



The receipts for the year ending June 30, 

 1887, were $371,403,277.66, while the expendi- 

 tures, including $5,739,265.29 for payment of 

 judgments of the Court of Alabama Claims, 

 were $267,932,179.97. This shows an excess 

 of revenue of $103,471,097.69 during the year, 

 or $9,514,509.13 more than that collected dur- 

 ing the year ending June 30, 1886. Last year 

 the customs receipts were $192,905,023.44. 

 For the year 1887 tlie receipts from the same 

 source were $217,286,893.13, or $24,381,869.- 

 69 greater than for the preceding year. The 

 receipts from internal revenue also increased 

 enough to show that there was a material 

 growth in all the branches of business that con- 

 tribute to the support of Government by spe- 

 cial tax. In 1886 the internal revenue receipts 

 were $116,805,936.48; for 1887 they were 

 $118,823,391.22, showing an increase of $2,- 

 017,454.74. The other items of increase in 

 1887 were : Sales of public lands, $3,623,287.- 

 08; profits on coinage, $3,024,633.57, and mis- 

 cellaneous, $2,774,023.41. There was a de- 

 crease of $857,717.89 in registers' and receivers' 

 fees, tax on national banks, steamboat fees, 

 deposits for surveying public lands, sales of In- 

 dian lands, shipping fees, fees on letters- patent, 

 and sales of condemned naval vessels, making 

 a net increase of revenue for the year of $34,- 

 963,550.60. The surplus revenue of $103,471,- 

 097.69 was accumulated in spite of the fact that 

 the expenditures for the various branches of 

 the public service were all, excepting for inter- 

 est on the public debt, greater than they were 

 for the same objects last year. The expendi- 

 tures for civil and miscellaneous purposes have 

 been greater by $11,097,895.74 than for the 

 year 1886. The expenditures for the military 

 establishment were $4,236,873.11 greater; 

 those for the naval establishment were $1,233,- 

 239.06 greater; the Indiiin service $95,364.52, 

 and the outlay for pensions was $11, 624,237. 76 

 more than in the preceding fiscal year. The 

 decrease in expenditures for interest on the pub- 

 lic debt was $2,838,568.72, making a net in- 

 crease in all expenditures over the previous 

 year of $25,449,041.47. The revenue derived 

 from the various objects of internal taxation 

 during the last two fiscal years is shown in the 

 following table: 



The receipts from customs and internal reve- 

 nue by quarter-years during 1886-'87 were: 



State of the Treasury. The following is a 

 statement of the condition of the public treas- 

 ury on Dec. 31, 1886, and Dec. 31, 1887: 



The gold coin and bullion on hand increased 

 from $268,128,018.47 to $305,342,187.07, or 

 $37.214,168.60. There was a decrease of 

 $481,548 in the gold certificates outstanding, 

 making an increase in the net gold actually 

 belonging to the Government of I 

 716.60. The standard silver dollars on hand 



