The Virginian. [volume] (Lynchburg [Va.]) 1822-1829, 1826-01-02
OFFICI1L P.4PER.
ANNUAL TREASURY REPORT

! OFF9CL7L P.4PER.
ANNUAL TREASURY REPORT
! TREAsuKY DEPAu1MEAr,
22d Dtc. 1923.
SIN. have the honor to ira 1snt a -.
por pf.patrd IN obedirocr IL the " Aci
supplementary 10 thu act To establish thu
Treasury Department"
! have the honor IL be-, with great re-
/ prct, sir, your ubedlen servant,
RICHARD RUSH.
The Hon. the Speaker
OF the House ol Representatives.
! In obedience L. III, directions of the Act
supplementary 10 ihr Act, eutillrd An
/ ct 10 establish the Treasury Department,
passed on tn" 10Th of May, 1900, til" Sc
oretatS of the Treasury has lhe honor To
y ,hmil 10 Cong rss the following report:
/ OjHt Public Rtrenus and eIpeaditure q
the years 1874 and lB-5.
There being 90 diecl taxes, of any kmd,
dullcs of exris,, or other internal d ties, IN
operation undrr ihr authority 81 the Unl.
ed States, The public revenue, by thrIrek
Istlng laas, arises almost entirely from du-
lies upon foreign merchandise lnpo ted,
and upon tonnaSr, and from thu sale of the
pH'lic Lands. There are othet branches,
from which small aud occaslnnal receipts
are derived as dividends on Back Stock,
the Post Office, arr.arages Of taxes due
under former laws, and other incIdenldl
payments, the aggregate of which, whrta"t
from temporary or permanent sources Is
uncomfortable, as will appear by state
meats annexed To this report, where ali
are reeaplluatrd. The receipts from the
Post Office, indeed have of late years ex-
creded mIIlon of dollars annually ; but
this sun, exhausted Tor the most part IN
def aging til" expenses of that extensive
and useful establishment, performs ia this
manner the highest purposes of revenue,
by contributing To the intercourse, the
trade, aud the prosperity of the country. :
rhe rercNoc winch accrued from duties inn
ports md onha e, during the !"ar 1874, tmomred 10
go. VISA o .
The actual receipts into the treasury rou all ,au-
cr'. d ,lng III ear lH2i, amuun ed, Guclu'ng the
loan IN millions, AZ u per cent. IA er't. dis
charge Florida clams) To Ba4,5Bl.ll2 70
w:
Customs, i7B7B,7qs7l
Public lands, pBI,4ld IS
Dividend, on stock IN the
Hduk 81 the L. states, A.
rCar' al internal duties aud
receipts, 472.q,7 Oh
Rrpa,nents Of advance,
mnoC he VA Dep
ntnt, tat "eiees ulii ,up-
pI"s poor 10 the lst of IN
iy,lsld, S.tsi -
Lon made undar the not
ot the 1lih III lay, ld2l, to
provide 10 th, d. Of
the nmmisNun'r, Under the
t,ea With apain, 100000 20
Making with the balance
IN thu tr.asnry on The lst
ri Jarma. ,lsa',of Da,lr1oaa 81
Al aggr,gateof n5,s4S,l5s 90
! The regular and permanent expenditures
of the United States divide themselves lnto
two principal branches First, the sums
authorized by law inr hriraylng the whole
expenses oi the government, domestic aud
foreign, civil, military, aud naval ID.
! Those prov drd for the pay ment of the IN
trre,i aud p,lpcpal Of the pablr d,ht.
IN aetusl r'peni,tures OF the utt,an, on al nc
coun,s drng The caria2l amount tn Djl,s9',sjs II
/ tnd, dip ouauc and ms.
cvIantous D7,lS5,1os 81
Nlrtar, service, inciu.
ding furiliitat uRs. nd
nance. INDIAN dtpa, imc1t,
/ rcNuu,tota and military
pcnauna. EARNING the m,iali,
/ and nrrea'ng'S pr"r ~ the
| lSt ui ianua J. ltl7, S.2To25l -
/ NnNHl sriNlcs. including
/ the gradual IncTcsse OF the
+ navy, 29oi.58i 81
/ Public debt n so8.,93 n
! L. avng II balance in the
F TrINur, on thc lStUt Janu-
/ a.J, l62s.of I.9I6.Sof y
Tia difference het".ru tins balance and
that stated in the last annual report from
the treasury, is reconcird by thu facts, thai
the balaacr. Last year was given IA an es-
tlmtied balance, subject to correction h,
a T.
ncluded the moicty oi The loan of five mil
Iuns, under the act ol May the 26th, 1924
which WAS not paid lnlo the treasury unit
after thu lst at January.
Toe actual receipts the trcaSu, during The thc,
first qutte OF the year 1875, vsli dated hay,
amIHhttdso SlLh5l.4Ii 81
| Va;
Cusoms. IS.io6 1q7 90
/ Publ,y Lands, y769O2. ~
Dividend, stock in the
nanh 81 the I. State, jo7.soo 90
AREAS otiatr nal duties
! ard direct ave, aud utei-
dr,tal eeapt,, 9s,s8o 20
ma c u, the ar Dcpa#r-
, meat, Tor services or sup
isl6, 4I.75s 90
, Loan undcr the 'ct of MA,
Aud the actual receipts
into the Treasury duung
the fourth quarter of the
yea are estimated 1t s.ioo. 900 NJ
Maxi ng the total eStima-
ted receipts mto the uoa'u-
~ during the year 1925, 26.1sI.4tI 50
Aud With the balance IN
the treasury the 3lst be.
ecWber. 1924, of I.eR.soT |.
Al aggregate OF 29.72C.04l Q.
> The expenditures durnr
the thee first quartz Of
. the year 1925, are eliminated
To have amounted 10 2o.loo.o79 81
-
Viz.
Ciyii, diplomatic and mis-
| eeaneous 2.ccs,s26 10
Military service, iuclud ny
Ia, publications., ordnance, In
dian department. revolutions