River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1872-12-13
RECEIPTS.

The moneys recelya and carried into tue
treasury during the hsal year ending June
31th, 1917, were: a
From customs .......-... $40 3lO, zoo.99
From sales OF public lapls ...'. 900, ll4'lo
From internal revenue .......' loo,Otz, lff'fZ
From tax on national TANK CIR
culation, &c..............t: o,9zo' o5o.o9
From Pacific railroad companies t49,o6l.SI
From customs, fines, 49,. l,l5o, f4Z'34
From fees, consular, paint land, ,,toI
ACKNOWLEDGEMENTS, 2,2S4 ,O95.92l
From Miscellaneous Sources A. 1922 54.71
Total Ordinary Receipts 49,. 364 6y4, zZy'9l
From Premium on Sale OF Com 94lZ 65g'oo
Total net receipts T.. .,....., 3t4, lUo.o5hoO
Balance in Treasury, June 3Oth, 200 oo- -o- 20
Including si8,22s.85 received
from unavailable funds
Net total available cash. 4S4,O42,5I3.l5
Tho net expenditures by warrants during
the same period were at follows:
For civil eXpenses..,.. .......S 10, lo9,Uf9.U
For foreign interests. ......... 16,4O9, 369.l4
Indians. .............."....,. Lu63, t2o.oZ
PENSIONS .................... Zo,Ooo, 1Uz 20
For military establishments, in
Guiding Notifications, river
and harbor improvements and
afsenSls... .........-.... oJ,0fE, IOf.3U
For naval establishments, in
GLIDING vessels and machinery
ard improvements 1t navy
/ YARD. ................ Zl,Z4J, SUJJJ
/ For miscellaneous civil tXpendi-
lures, including public build
ings, lighthouses and collect
ing the revenues. ........... 4295S, 329. O8
Interest on the public debt.... ll7,357, S39.72
Total, inclusive Of principal on
public debt ................ 0,559 $3.50 81
For premium on bonds purchas-
| ed. ................ 4,90o, 1876
For redemption of the pubic
debt. $4,000, 2O8.54
Total. LOG, 9lS, $40. 30
/ Total net disbursements. 377, ATS ,216.2l
Balance in the treasury June
3oth, 1872 ................... 1904, 356.94
Total. 1881, 0i2, $751;
PUBLIC DEBT
From the foregoing statement it appears
| that the net reduction of the princi-
! pal of tue debt during he fiscal year ending
| June 80, 2S72 was $4,000, 253.54.
| Tho source of the reduction is as follows:
Net ordinary receipts during the
year. ..........-.... ...... .S5o4, 6Jf, zzJ.Jl
\ Net ordinary expenditures in
! Guiding interest on public debt 270, 559,695.91
Total. .................... s94, 134, 534. 90
/ Add the amount of receipts from
the premium on the sales of
gold in excess of the premium
/ paid ON bonds purchased. -. 80, 454, 470.S9
Add amount of the reduction Of
4 the cash balance at the close
of the year, accompanied with
| sale at the commencement of
the year ................... 1891, 34S. IS
Total. ...... 500, 96O, 253. 81
4 This statement treats solely of the principal
of the public debt. By the monthly state
ment of the public debt which adds together
I tl,a ra1 4 nd
and interest accrued to date, dine
and deducts the cash IN the Treasury as
| recorded on dav of publication, the reduction
was 500, 544, 491. %. The source of this reduc
/ ton is as follows:
Reduction in principal accounts 80 900, O03. "a
Reduction in unpaid int. acct. $3.50, 952.96
Total. : lU0. ZJO, 30b.0U
Reduction in cash on hand $50. 2,746, 465. %
Total Observation-Disclosures 800, 544, 491 .2s
On the basis of the last table the statements
show reduction of the public debt from the
LIST of March, 1869, to the present time as fol
! lows:
From March 1.t, 1869, to March
| LIST, 1870 .................S S7,134 1924
From March let, 1870, to March
LIST, 1871 ..................... III, 6l9, 630.25
From March LIST. 1871, to March "a
LIST, 1877. ................. J4SJ0, 3iS. "a
/ From March 1st, 1872, to No
vember LIST, 1872, months,. 64,047, 237.S4
Total .S3b3. 69b, JJJ 81
4 With the great reduction of taxation by the
acts OF Congress at its last session, the ex-
penditure OF the government in collecting the
revenue will be much reduced for the next fis-
cal year. 1t is very doubtful, however
whether any further reduction of so
vexatious burden upon any people
will be practicable for the present.
At all events, as a measure of Justice to the
holders of the nations certificates Of indebt-
edness, | would recommend that no more
legislation be had upon this subject unless il
be 10 correct errors of omission or commission
in the present laws, until sufficient time has
elapsed TO prove that il can be done and still
leave sufficient revenue to meet the current
expenses of the Government, pay the interest
on the public debt, and provide for the sinking
/ fund established by law. The preservation of
our national credit is OF great importance.
Next in importance TO this comes a solemn
duty to provide national currency Of fixed
uRvarying value as compared with gold, and
as soon as practical, having due regard for the
interests of the debtor class and the yicissl-
tudes of trade and commerce, and convertible
into gold at par.
THE WAR DEPARTMENT.
The report of the Secretary of War shows
the expenditures Of the War Department. for
the fiscal year ending June 3lth, 1871, 60 be
$50, 799, 80, aud for the fiscal year ending
June 30th, 1872, to be S35, 372, 1920, showing
a reduction in favor of the last fiscal year OF
si27, s3i.62. Estimates for military appropria-
tons for the next fiscal year ending June 30,
1878. are $50 sol ,37S rs. The estimates OF the
chief Of engineers are submitted separately,
for icrtidcstions and river aud harbor improve
ments, and for public buildings and grounds,
and the Washington acqueduct. The affairs OF
the trecdmcn's bureau have all been trans 1
ferred Ia the War Department, and regua- |
tons have been put into execution for the /
speedy payment OF bounty paw &c. due /
20 colOrod soldiers properly coming
money and property prior 10 1871 have been (
examined and Transmitted 20 tho Treasury for /.
final settlement. During the fiscal year there /
has boon paid for transportation on railroads I