The Sun.
London, England, 1868-10-01 00:00:00

MISCELLANEOUS SOURCES.

The receipts under this head have been derived from
the following sources, enumerated in the order of their
•
importance :
First—Premium on sales of gold.
Second —Sales of military and naval stores and of cap-
tured and abandoned property.
Third —Direct taxes.
Fourth—Public lands.
The receipts from the last have been comparatively in-
considerable.
April 1, 1865, to June 30, 1865
July 1, 1865, to June 30, 1866
July 1, 1866, to June 30, 1867
July 1, 1867, to June 30, 1868

Total

$178,743,769

RECAPI'EULATION.

Customs 5548,978,536
Internal revenue 812,336,278
Miscellaneous 178,743,769

Total $1,540,038,583

The above total, therefore, represents the exact amount
which the Treasury of the United States has received from
sources other than loans since the close of the war.

The main question is, How has this sum, amount.
ing to three-fifths of the present debt, been disposed
of ? The liability contracted on army account
formed a part of the debt as much as if the bonds
had been issued and entered on the Treasury books
on the Ist April, 1865, though the disbursements
up to 30th June, 1866, on this account were as
follows :

April 1 to June 30, 1865 5414,196,377
July 1 to Sept. 30, 1865
Oct. 1 to Dec. 31, 1865 68,122,511

Jan. 1, 1866, to June 30, 1866 50,857,923

Total 15 months

buring the same period the expenditures made under
the direction of the Navy Department were as follows :
April 1, 1865, to Dec. 31, 1865
Jan. 1, 1866, to June 30, 1866 17,461,884

Total, 15 months

.. „
It thus appears that the disbursements made under the
direction of the Army and Navy Departments during the
15 months immediately succeeding April 1, 1865, the
month in which the rebel armies surrendered, amounted to
9774,865,851.

But the liability which existed at that date was even
more. There were the debts which humanity and honour
alike have imposed upon the country, and which Congress
has recognized and paid. We were then liable for pen-
sions, for the equalization of bounties, for further arrears
of pay of deceased soldiers, for the claims of States, for
the property of loyal men destroyed, for additional prize
money, for the reconstruction of the rebellious States, for
the care of the freedmen, and for the burial of the dead.
The amount of these liabilities which have been recog-
nized and paid, and which are not included in the previous
statement, is as follows :
Pensions
$62,828,955
Bounties
49,382,859
Prize money
1,642,099
Reimbursing States for war expendi-
tures
12,330,188
Claims of loyal men 11,111,300 '
Freedmen's Bureau 5,617,000
Miscellaneous, including all expenses
of Reconstruction and National
Cemeteries, estimated 3,000,000

$145,912,401
Add expenses of the army and navy for
- fifteen months
774,865,851

Total
$920,778,252
And in this total is the sum to bo added to
the debt as it stood upon the books of the
Treasury April 1, 1865

Making the aggregate of 52,287 783,329
which was the actual maximum of the war debt, being the
expenses of the war not paid as they were incurred.
Those figures are all official, carefully prepared by the
Hon. David A. Wells.
At the end of the fiscal year ending Juno
30, 1868, the debt was 52,511,000,000
But in this amount there were included
$26,000,000 of bonds loaned to the Paci-
fic Railroad, and to be paid by them 26,000,000

Net debt .................. $2,485,000,000

The Present debt, therefore, deducted from the maxi-
mum debt in 1865, proves the actual payment during three
years of quasi peace of $802,733,329, or about one-quarter
of the entire war liability.

The Alaska purchase, advance to Pacific Rail-
road, reduction of whisky tax, have for the present
slightly increased the debt. These figures show to
what.purpose the revenue of the past three years
has been applied, and the balance can be struck as
as follows :

Income 3 years .............. $1,540,058,583
War debt 5802,i33,.32.9
War interest paid