US Presidency
1854

Passing from foreign to domestic affairs, your attention is naturally directed to the financial condition of the country, always a subject of general interest. For complete and exact information regarding the finances and the various branches of the public service connected therewith I refer you to the report of the Secretary of the Treasury, from which it will appear that the amount of revenue during the last fiscal year from all sources was $ 73,549,705, and that the public expenditures for the same period, exclusive of payments on account of the public debt, amounted to $ 51, 018,249. During the same period the payments made in redemption of the public debt, including interest and premium, amounted to $ 24,336,380. To the sum total of the receipts of that year is to be added a balance remaining in the Treasury at the commencement thereof, amounting to $ 21,942,892; and at the close of the same year a corresponding balance, amounting to $ 20,137,967, of receipts above expenditures also remained in the Treasury.