US Presidency
1900

For the six preceding years we had only deficits, the aggregate of which from 1894 to 1899, inclusive, amounted to $ 283,022,991.14. The receipts for the year from all sources, exclusive of postal revenues, aggregated $ 567,240,851.89, and expenditures for all purposes, except for the administration of the postal department, aggregated $ 487,713,791.71. The receipts from customs were $ 233,164,871.16, an increase over the preceding year Of $ 27,036,389.41. The receipts from internal revenue were $ 295,327,926.76, an increase Of $ 21,890,765.25 over 1899. The receipts from miscellaneous sources were $ 38,748,053.97, as against $ 36,394,976.92 for the previous year. It is gratifying also to note that during the year a considerable reduction is shown in the expenditures of the Government. The War Department expenditures for the fiscal year 1900 were $ 134,774,767.78, a reduction of $ 95,066,486.69 over those of 1899. In the Navy Department the expenditures were $ 55,953,077.72 for the year 1900, as against $ 63,942,104.25 for the preceding year, a decrease of $ 7,989,026.53.