National Republican., 1875-12-08

| following report on the subject OF finance, en-
bracing estimates Of receipts and expenditures
| and plans Of revenue:
RECEIPTS AND ExrRsprTuREs FOR THE E1soAL
YEAR ENDING JUNE 90, 1873
! -- Receipts.
I The moneys received and covered into the Treas
ury by warrants during the fiscal year ending
June 60. 1875, were as follows From customs,
1855; from sales of public lands, Sl4is.64O.IT;
| from tax on circulation and deposits OF national
banks, q 26s 10; from repayment Of interest by
toms fines penalties, &c, s22s 20; from labor.
drayage storage, &C., 81 112 Oo5S; from sales Of
| Indian trust lands, S2i3 60; from fees-consu-
lar, letters patent and land, sl,sls, 429; from
proceeds Of sale of Government property, Sl,2Ts,s
69Ss7; from Marine Hospital tax, s33s 9S.7s; from
age, &C. si52, ,65740; from tax sealskins, S3l7,-
4o455; from miscellaneous sources, sl22s, ,6i9.oS;
on sales Of coin, sss7s total net receipts,
exclusive of loans S2S0, ,051.l0; balance in
Treasury June 80 1874, including deposits Of coin
Gates outstanding $3.50 I3 69i 63; total available
| cash, $43s, I3l, ,T4573
/ Expenditures.
The net expenditures BY warrants during t1 .,s tse
92953 for foreign intercourse, sl,2 ,265, ,41s23 for
Indians, 1884 $50 50; for pensions, S2p 22
for military establishment, including fOrtihea-
| tons river and harbor improvements aud arsenas,
s4l 10 645.9S: for naval establishment including
vessels and m machinery ss ne and impTSvemeats a. navy
| Guiding public buildings, lighthouses and col
leeting the revenues so SIS o22 for interest on
public debt, including interest on bonds issued to
Pacific Railway Companies, sloa O93 5I for pay
| ment Of award to British claimants, Sl-929,8ls;
total net expenditqres s254 M @ et; reden5P-
bursements. s294, ,029 S29.S2 balance in treasury
June co. 1875, Slii, ,.02 4l64l; total $4SS 70
the fiscal year were s2sS OOO, ,O5llO and the or
dinary expenses, (including the award to British
claimants, sl,929,s SID s2I462S 81: leaving a
II Of fnF
| sinking fund, sl3,3I6 I665S.25.
BY reference to the last annual report page Q,
IL will be observed that the estimate then made
| was that the revenues for this fiscal year would
reach the sum of s2S4, SIS $50, and that the ex
penditures would amount to S2753l6, 4S9.42
RECEIPTS AND EXPENDITURES FOR THE FISCAL
YEAR ENDING JUNE 80 1875.
The receipts during the first quarter were:
From customs, ~ 233 2625; from internal reye-
oS tax S@ ON sqIeI IL puSc ianas n Ss
tional banks, 80, S2e 033s3 from repayment Of in
| terest by Pacihc ra.ways, 262,2i2S7; from Gus
and other fees, sSloi27iS; from proceeds Of sales
Of Government property, slo+ 27S.65; from mscel-
cepts, s7s,s95, ,s6S.ss: premiums on sales Of coin,
81 total net ordinary receipts, ssl,l59
l4Sli; balance in Treasury June 80 1878, sli,7u2-
4l6.4l; total available, &S25, ,S5S, ,56l.55.
/ The expenditures during the same period were
i For civil and miscellaneous expenses, Including
public buildings Jig Lighthouses M and Collecting the
for pensions Sss45 "a; tor military establish
ment, including Notifications, river and harbor
improvements, and arsenals, Sll, ,3e1 ,4I3.25: for
/ naval establishment, including vessels and ma
| chinery and Improvements at navy yards, 81, $780,
QSig9; for interest on the public debt, including
racine railway vUnds S34 5lT, 4sl total ordinary
expenditures ssi 0iI $40 70; redemption Of the pub
lie debt 20 s3s 9 90; balance in Treasury Septem-
Der 90 1875, slS4 g72 olslS; total, s225 sss ssl6S
For the remaining three quarters IL is estimated
that the receipts will be: From customs, sll2,
600, 900; from Internal revenue, So2 900 ,OOO from
sales Of public lands 1 q 100 ooo from tax on ma IA
Pacific railways, $3.50 900; from customs fines, pen
alties and fOrfeitures $780, Ooo from CONSULAR pat
sales Of public property, $500 oOO from miscella-
nous sources, including premium on coin, y, ,2OO,-
600; total net receipts, s2ie 10000.
pendftures will be: For civil miscellaneous, in
cluding public buildings, $49, 500 900; for Indians,
Sf s SS naval lOr eiabsSy %bnsfy
ment, Sl2 900 0O0 for interest the public debt,
10, 500, 900. Total ordinary expenditures, sls4-
| From the foregoing statement Of actual receipts
and expenditures for the first quarter of the cur
the remaining three quarters, based upon apprO-
priations already made, and also on the assump-
tion that Congress will not increase the expendi-
be seen that, in the judgment Of the Department,
the revenues will reach the sum Of s297 45o I4514
and that the ordinary expenditures will amount
revenue of -, ,00s 601.3s Under existing laws it
is estimated that So 2e3 81 will be required to
/ L
the statement, as here submitted, shall prove to
be approximately correct the revenues will fall
short by the amount Of s. 2S5 9O.ei Of providing
/ for the appropriations made by Congress.
ESTIMATES FOR THE FISCAL YEAR ENDING JUNE
30, 1871.
1t Is estimated that the receipts for the fiscal
si65 OOO, 600; from Internal revenue si20 0OO!
from sales Of public lands q, 500 000 from tax
circulation Of national banks ~ 20O, 900; from re-
imbursement of interest by Pacific Railway CON-
panes $50 0O0 from customs fines, penalties and
iorfeitures 500 900; from CONSULAR letters patent
and other fees $40 600; from proceeds of sales of
sources, s7o0o,ooo; total ordinary receipts, s9OI
for the same period will be: For civil expenses 3I7
600 COO for foreign intercourse Sl353OO0; for In
aans .hIsh%sOt sOt Penind,s IOs mill
and harbor improvements anu arsenas, 80 0OO 900;
for naval establishment, including vessels and ma
chinery and improvements at navy yards, s2l, ,OO0-
| 600; for civil miscellaneous, in ciudng public
buildings, and lighthouses collecting revenues.
mail steamship service, deficiency in postal reve-
nues public printing, &C. $50 900 900; for interest
on public debt s97 90 000 for interest on Pacific
railway bonds, s3,sIs 600; total estimated expendL
principal of the public debt, S26g ,0OO
1t is expected that for this fiscal year the sur
plus revenues Of the Government will amount to
T. 735 900. The estimated amount to be provided
Tor the sinking fund is 81, ,063, ,S7T.4O. There is
reason to hope, therefore, that the income Of the
all its obligations, including the sinking fund
The estimates received from the several Execu-
tive Departments are as follows: Legislative es-
ment, sls, n, ,ois4O; judicial establishment
ss4os,45O; foreign intercourse sl,S5a ass; mill
ment $40 sTl 66e. 40; Indian affairs, s5Ts7 956I
pensions, 80, ,5s3 500. Public works: Treasury
Department, q. .1s2 so; War Department, as,
sSS 23s44 Navy department, sl, ,725 900; Interior
Department $500, 500; Department Of Agriculture
81, SIS; Department Of Justice, 5000; postal
service sa2si 2is; miscellaneous Sia ssl 70;
nor nPDt aODr0Dria tiOns fnorA
for sinking fund.- $l4e, CD ,9lo7o. Total $3l4,-
REDUCTION OF THE PUBLIC DEBT.
BY the monthly statement of the public debt is
sued June 80 1876, the reduction Of the debt dur
ing the year was shown to be 1889, ,5l4 81, viz:
interest due and unpaid, and accrued Interest to
date S3s $50 0s7 Al; total debt, e. DO CD 90
Cash in the Treasury sia5 A 81 81 Sl45.; debt, less
the debt July /, 1875, s22s2, ,2s45sl.s5; interest
due and unpaid, and accrued Interest to date s5s,-
Treasury, sil2 2ls ssl 81; debt, less cash in the
Treasury, s2l2s, ,oss. .72s.32. Showing a reduction
asaboye stated, Of 81, 500, ,5l4-s4.
exclusive Of provision for the sinking fund.- as
shown in the statements Of receipts and expendl-
81 I less than than tie amount q the TsdIctoG
Of the debt as shown by the monthly statement Of
the same. 81. lst' t..-l y 80 rE TI--
The difference between these two statements
arises from the difference of dates at which they
are made up, as viii be seen by q comparison Of
tnem as reHarue the c4sn In the treasury at the
commencement and close Of the fiscal year, and Of
the item Of interest due and unpaid, and accrued
interest to date (which, in the monthly debt state
ment. is treated rs a liability Of the Government
precisely as Is the principal Of the debt but which
Is not so considered in the statement Of receipts
and expenditures. i
The cash in the Treasury July 1, 1874. as shown
by the monthly debt statement OF that date, and
which embraced only the moneys offieially re-
ported to the Department Mt the time Of its issue,
was e14T.I1, ,g14,T4 The cash in the Treasury
July ], 1874, as shown by the account Of receipts
and expenditures (the books from which Il Is pre-
pared usually being kept open for period fforty
fiye days, so as TO include at the date Of closing
the account Of all the revenues deposited at the
different places Of deposit throughout the country
within the period covered by the same, and which
monthly statement) was else, T31, ,6e5. 90, showing
ury July ], 1875, as shown by the monthly debt
statement Of that date was S152 "a 351 ~ and as
shown by the statement of the receipts and expen-
dtures Of same date, &l44 T02 4164l showing diff
ference of s245e,05l.59. The difference OF these
two statements OF cash reported to tae Treasury,
rs appears by the monthly statement, and as
certained by the statement Of receipts and expen-
dtures at the commencement and close Of the
fiscal year. 1t will be seen, Is &I3l325 30 to which
add the reduction in the item OF Interest due and
unpaid, and accrued interest to date" $91 53l2s
making the sum Of q, ,022S565s. 4
1t VIII, therefore, be perceived that no differ
enee exists In these two accounts other than that
which grows out Of the manner Of their prepara-
tion.
Frupality i'm administration Is among the fore