The Litchfield County post., 1827-12-27

lIG UlU nrFOtUtNNtAty AtshN~ f-' ~N'.N-' - mounting to si3.eg6. .e47 90, redeemable at inc pleasure of the gOvernmet; and the sev- en mill;ons subscribed to the Bank of the United mtates. also redeemable at the pleasure of the 6vernment.
 Thefesidue Of the debt was contracted aGfer fhe commencement of the war of I8ls. aud consists of various loans and stocks, re- deemable successively in the years 1928. go, 80, '31, 'S2, '33. '34, 'S5. Of this sum of Ss8, ,91S.54I O8, the amount of the debt it may be proper to state that S49.O0l,@l5 36, are owned in the U. States, and $19,412,S25 to foreigners.
 "This gives the nominal, rather than real amount of the debt Its real amount on the 1st of January will be but faction above sixty millions. The sum of seven millions subscribed by the Government 10 the Bank of the United States, is, in effect destroyed as debt by the United States owning an eqnal amount in the shares of the bank. So far is this sum from being charge to the treast- ". that the latter is annually receiving interest for it, in the dividends of the shares.
 ''In the last annual report a loan, to the a. mount of sixteen millions, at an interest not to exceed per cent was recommended. The object of such loan was to pay off d portion of the debt, equal to sixteen millions, hearing an interest of 6 per cent. No law to this effect having passed, it became the duty of the department to proceed in the work ot paying of the 6 per cents as far as the means of the Treasury would allow. Accordingly on the list of July the sum of S5,007.S03 was paid on account of the per cent loan of 1918. By the decision of the commissioners of the Sinking Fund, in September, it was a. greed the further sum of S1,5OO,OOO should be paid on account of the same loan, at the termination of this year. Public notices have been issued in conformity with this decision, and are now outstanding.
 Public Revenue and Expenditures of 1926 5; '.
 The nett revenue which accru-
 ed from duties on imports and ton
 mage, during the year 1926, a. mounted to 2O,248,054~
 The actual receipts in the trea-
 sury from all sources, in 1926, was 25,25O,434
 Viz-Custom 23,341 ,331; Public Lands, l,393,785 Dividends of U. $. Bank Stock, arrears of direct tax, and incidental receipts, 300, ,22O: Repayments of advance made in the War Department prior to 1815,25,088. Making with the balance in the Treasury on the lst of January, 1926, of 5,2Ol.650 an az gregate of So,462,0S4
 The actual expenditure of the
 U. s. on all accounts Tn 1926, a.
 mounted to 24,1OS,S ,S93
 Viz-Ciyil Diplomatic, and miscellaneous, Military service, including Notifications, Revolutionary Pensions, Indian Department, S1c. 6,243, ,236; Naval services including the gradual increase of the Navy, 4,21S,O92; Public Debt, 11,O41 ,08@--leaving balance in the Treasury, on the Ist of January, 1927, of (, ,S58,686.
 The actual receipts of the Treasury, during the three first
 quarters of the year 1897, are es- timated to have amounted to 17.588.2lO
 Viz-Custom, 15,142,S92: Public Lands l,215.O11; Dividend on stock in the United States Bank, 420,00; arrears of internal du- ties and direct taxes, and incidental receipts, 681 ,561. TThis item includes the sum of 6O2, ,48O as the first moiety of a sum paid by the British government for slaves carried of in the last war; Repayment of advance made in the War Department, for services prior to July 1915, 52.344.
 And the actual receipts in the
 Treasury during the fourth quar-
 ter of the year are estimated at 5,ll7,480
 Making the total estimated re-
 ceipts into the Treasury, in 1897. GS,6O4, ,290
 And with the balance in the
 treasury on the S1st December,
 1928, of 6,S58.6S6
 An aggregate of 28,964,97
 The expenditures of the three
 first quarters of the year 1927,
 are estimated 10 have amounted to 16,895, 1890
 Viz-Civil, Diplomatic and Miscellaneous 2,OlS,5sO; Military services including Fortif- catons. Indian Department, Revolutionary Pensions, SIc. 4,75O,271; Naval services in- cluding' the increase of the Navy, S,458,5 ,575: Public debt, viz. reimbursement, of Princl- pal 6,OO7, ,SOS; payment of interest, 2,664,7Os.
 And the expenditures of the fourth quarter are estimated at 4,SO0,O0O Viz.-Civil, Diplomatic and Miscellaneous 672, 243; Military service, 9.0OO,OO Naval service, 875,OOO; payment of Principal and interest of the public debt, s,353,756:
 Making the total expenditure
 of the year 1897. s 22,695,SSO
 And leaving in the Treasury on
 the lst of Jan. 1928. an estimated
 balance of 6,269.3S3
 It will be observed from the abeve state ments that the receipts in the Treasury, from all sources in 1928, were 25,26O,4S4. The sum at which they were estimated, m the annual report of 1925, was %. .500,OO. From the statements and estimates applicable to 1897, it will be also observed, that the sums received and expected to he received, from all sources, during the year (apart from the l at kl1.,f Nf hANfN will