UNITED STATES, FINANCES OF THE. 



757 



at the close of the fiscal year amounted to about 

 29,000,000 acres. The aggregate selections of 

 swamp lands since the passage of the act of 

 1849 have reached 80,456,153 acres. During the 

 year, 138,159 acres were patented under this head. 

 Over 35,000 patents for agricultural land were 

 issued, and 3,100 patents to Indians for allot- 

 ments in severalty, which are inalienable before 

 twenty-five years have elapsed. Nearly 820,000 

 acres of school and education grants were ap- 

 proved during the year, and 1,250,363 acres re- 

 mained unadjusted at its end. 



Patents. There were 22,546 patents granted, 

 including reissues and designs, and 1,656 trade- 

 marks registered during the year. The number 

 of patents that expired was 13,167. The total 

 expenditures of the Patent Office amounted to 

 $1,053,962. The receipts exceeded the expendi- 

 tures $129,560. 



UNITED STATES, FINANCES OF THE. 

 The condition of the public finances for the year 

 1894 was not favorable to the Treasury. The 

 receipts from internal revenue for the fiscal year 

 fell off from those of the previous year $13,916,- 

 391; those of customs, $71,536,486; those of 

 sales of public lands, $1,508,453; and, owing to 

 the repeal on Nov. 1, 1893, of that portion of the 

 act of July 12, 1890, authorizing the coinage of 

 the silver dollar, the receipts "from profit on 

 coinage fell off $1,479,454. In all, the total net 

 receipts of the Government for the year in ques- 

 tion were but $372,802,498, against $461,716,-. 

 562 for the year previous, a decrease of $88,- 

 914,064. 



The expenditures for the same period, includ- 

 ing those for postal service, amounted to $442,- 

 605,758, against $459,374,887 the previous year, 

 a decrease of $16.769,128, those for pensions 

 showing a decrease from $159,357,558 to $141,- 

 171,285, a reduction of $18,186,273 ; but expend- 

 itures on other branches of the public service 

 were generally increased. 



For the fiscal year in question the ordinary 

 expenditures exceeded the ordinary receipts 

 $69.803,260. In addition to the ordinary rev- 

 enue, however, the cash in the Treasury was 

 increased from the sale of 50,000,000 5-per-cent. 

 ten-year bonds issued under the act of Jan. 14, 

 1875, yielding $58,633,296 ; from national bank 

 fund deposited under act of July 14, 1890, in 

 excess of notes redeemed, $5,708,248 ; and from 

 the issue of 4-per-cerit. bonds, in liquidation of 

 interest on converted funding certificates, $4,790 ; 

 making a total of $64,346,334; leaving to be met 

 by reduction of Treasury balance the sum of 

 $5,456,926. 



The table at the top of the next column shows 

 the net ordinary receipts and expenditures of 

 the Treasury in detail for the year ending June 

 30, 1894, compared with those of the previous 

 year. 



Owing to later returns, the condition of the 

 public Treasury may be shown at the close of 

 the last calendar year and compared with that 

 at the end of the previous year. Of the assets 



NET ORDINARY RECEIPTS. 



NET ORDINARY EXPENDITURES. 



creased less than $1,000,000. The amount of 

 United States notes on hand, however, increased 

 $37,779,956. No marked change occurred in the 

 other items of assets. 



Of the liabilities, the amount to the credit of 

 the general Treasury increased, owing mainly to 

 the sale of bonds as mentioned, $57,609,180, 

 the change in the other items not being im- 

 portant. 



The following table shows in detail the assets 

 and liabilities of the public Treasury at the dates 

 named. In the total assets the Treasurv has no 



. un^ ^.x^ v L u.iv, p^Ti./^o j^c*,. ^ u..^ ^^^, direct interest except in the comparatively small 



the amount of gold coin and bullion decreased amount necessary to meet the demands of the 



during the year ending Dec. 31, 1894, $18,697,- general Treasury balance. The remaining as- 



425, notwithstanding the sale meanwhile of $94,- sets are simply held in trust to meet the pay- 



125,000 of 5-per-cent. bonds for gold at a pre- ment of the obligations stated. The following 



miurn averaging about 17 per cent. That of statement shows the condition of the public 



silver coin and bullion at the same time in- Treasury at the dates named : 



