

286 



FINANCES OF THE UNITED STATES. 



quarter of the fiscal year, ending June 30, 1877, 

 and an estimate of the same for the remaining 

 three-quarters of the fiscal year. 



The receipts of the first quarter above men- 

 tioned, ending on September 30, 1876, which is 

 the first quarter of the fiscal year ending June 

 80, 1877, were as follows: 



From customs $87,554,728 53 



From internal revenue 28,818,83687 



From sales of public lands 252,005 63 



From tax on circulation, etc., of national 

 banks 



From repayment of interest by Pacific Bail- 

 ways 



From customs' fines, etc 



From consular, patent, and other fees 



From proceeds of sales of Government prop- 

 erty 



From miscellaneous sources 



8,584,707 8T 



97,902 59 

 17,695 27 

 425,634 75 



171,875 86 

 2,123,069 16 



Net ordinary receipts $72,991,005 58 



Premium on sales of coin 119,518 96 



$73,110,524 49 

 Proceeds of bonds of 1881, Geneva sward. . 2,403,445 53 



Total net ordinary receipts $75,513,970 02 



Balance in Treasury June 80, 1876 121,807,732 80 



Total available $197,321,70282 



The expenditures during the same period 

 were as follows : 



For civil and miscellaneous expenses, includ- 

 ing public buildings, lighthouses, and col- 

 lecting the revenues $15,987,208 41 



For Indians 1.484,765 93 



For Pensions 8,882,357 98 



For military establishment, including forti- 

 fications, river and harbor improvements, 

 andarsenals 9,715,661 85 



For naval establishment, including vessels 

 and machinery, and improvements at 

 navy-yards 6,174,858 96 



For interest on the public debt, including 

 Pacific Bailway bonds 87,107,550 68 



Total ordinary expenditures $78,751,893 26 



Redemption of the public debt, $3,618,648 77 

 Judgments of Court of Alabama 



Claims 2,858,634 21 



5,972,282 98 



Total expenditures $84,724,176 24 



Balance in Treasury September 80, 1876 1 12,597,526 08 



Total $197,821,702 82 



Fo'r the remaining three-quarters of the same 

 fiscal year, ending June 30, 1877, it was esti- 

 mated that the receipts would be : 



From customs $89,445.271 47 



From internal revenue 91,511,653 64 



From sale of public lands 800.000 00 



From tax on national banks 8,600.000 00 



From reimbursement by Pacific Railways. . . 800,000 00 

 From customs 1 fines, penalties, and forfeit- 

 ures 75.000 00 



From consular, patent, and other fees 1,200.000 00 



From proceeds of sales of public property . . . 250,000 00 

 From miscellaneous sources, including pre- 

 mium on coin 4,000.000 00 



Total net receipts $191,181,925 10 



For the same period it was estimated that 

 the expenditures would be : 



For civil and miscellaneous, including public 



buildings $89,000.000 00 



For Indians 4,000,000 00 



For pensions ,^-r^.. . . . 20,000,000 00 



For military establishment 77>. . 26.500,000 00 



For naval establishment 7,500,000 00 



For interest on the public debt 61,876,860 09 



Total ordinary expenditures $158,876,86009 



From the statement of actual receipts and 

 expenditures for the first quarter, ending Sep- 

 tember 30th, and of the estimates of the same 

 for the remaining three-quarters, based upon 

 existing laws, it was expected that the revenues 

 for the fiscal year would yield the sum of $264,- 

 292,449.59, and that the expenditures would 

 amount to $237,628,753.35, which would leave 

 a surplus revenue of $26,663,696.24. The 

 amount which should be applied to the sinking- 

 fund was estimated at $33,705,806.67. The 

 surplus revenues would fall below this amount, 

 by not less than $7,042,110.43. 



But the ordinary revenues from all sources 

 for the fiscal year ending June 30, 1877, were as 

 follows : 



From customs 



From internal revenue 



From sales of public lands 



From tax on circulation and deposits of na- 

 tional banks 



From repayment of interest by Pacific Rail- 

 way Companies 



From customs' fees, fines, penalties, etc 



From fees consular, letters-patent, and 

 lands 



From proceeds of sales of Government prop- 

 erty 



From premium on sales of coin 



From profits on coinage, etc 



From miscellaneous sources 



$130,956,493 OT 



118,630,407 88 



976,253 68 



7,078,550 96 



1,661,998 64 

 1,044,712 84 



1,727,611 97 



833,954 96 



249,580 78 



8,273,239 03 



8,067,782 81 



Total ordinary receipts $269,000,586 62 



The ordinary expenditures for the same 

 period were : 



For civil expenses $15,794,186 84 



For foreign intercourse 1,289,758 79 



For Indians 5.277.007 22 



For pensions 27,963,752 27 



For the military establishment, including 

 river and harbor improvements, and ar- 

 senals 87,082,785 90 



For the naval establishment, including ves- 

 sels, machinery, and improvements at navy- 

 yards 14,959,98586 



For miscellaneous expenditures, including 

 public buildings, lighthouses, and collect- 

 ing the revenue 89.223.119 47 



For interest on the public debt 97,124,511 58 



Total ordinary expenditures $288,660,008 



Leaving a surplus revenue of $30,340,577 69 



Which was applied as follows : 



To the redemption of United States notes, etc. $10,071 ,617 00 



To the redemption of fractional currency 14,043,458 05 



To the redemption of 6 per cent, bonds for 



the sinking-fund 447,600 00 



To increase of cash balance in the Treasury . . 5,778,002 64 



$80,340,577 69 



The amount due the sinking-fund for the 

 year was $33,729,833.20, leaving a deficiency 

 on this account of $3,389,255.51. 



Compared with the previous fiscal year, the 

 receipts for 1877 have decreased as follows: 

 In customs revenue, $17,115,491.54; in pro- 

 ceeds of sales of public lands, $153,213.27; in 

 sales of coin, $3,473,965.02; in semi-annual 

 tax on banks, $250,022.33; in prize-money, 

 $321,370.92; in sales of public property, $1,- 

 288,212.73 ; and in miscellaneous items, $934,- 

 512.81. There was an increase in the following 

 items: In internal revenue, $1,929,675.80; in 

 profits on coinage, $1,532,121.27; and in mis- 

 cellaneous items, $1,593,539.01 making a net 



