US Presidency
1878

The estimates for the fiscal year ending June 30, 1880, are $ 14,562,381.45, exceeding the appropriations of the present year only $ 33,949.75, which excess is occasioned by the demands of the Naval Academy and the Marine Corps, as explained in the Secretary's report. The appropriations for the present fiscal year are $ 14,528,431.70, which, in the opinion of the Secretary, will be ample for all the current expenses of the Department during the year. The amount drawn from the Treasury from July 1 to November 1, 1878, is $ 4,740,544.14, of which $ 70,980.75 has been refunded, leaving as the expenditure for that period $ 4,669,563.39, or $ 520,899.24 less than the corresponding period of the last fiscal year. The report of the Postmaster-General embraces a detailed statement of the operations of the Post-Office Department. The expenditures of that Department for the fiscal year ended June 30, 1878, were $ 34,165,084.49. The receipts, including sales of stamps, money-order business, and official stamps, were $ 29,277,516.95.