The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-12-04
THE DEPARTMENT REPORTS.
SECRETARY sHLRMIN on THE CONDI-
TION or OUR FINANCES.

Receipts and Exp-nditu rc-- Isfimnting Fu-
ture Taxn,ion specie Payment. National
aud savings Hanks The Revenue service
Large Claims Against the Government.
TREASURY DEPARTMENT.
WAsHiNGTOS y. G., Dee y. 1877.
SIR: In obedience to law, respectfully
submit the following report:
The ordinary revenues. from MI sources. for
the fiscal year ending June 80. 1877. were
From customs Observation-Disclosures iaip1G toa ~
Prom utornni rcvrni,r ...... ..... 1is.1iuiUT ~
From snr- pubnc ttd ....... ..... .... W1'2'3 "a
From tHN on circulation ana deposits ~ --...- a..
From rcraywcn o interest ly rocidc
PROM cu,tons ie, - the. rrnaitc- A. 1,O4 II. ~
From ecs-cOn-ular. icttnrr-patcnL AMI -,-.,,, -
from ' proceeds OF sale. Of Government ''-''.' ~
fron, pr im, on .al,s OF coin ......... 2l 49, u
From miscellaneous sources ............. a'''75@2 ~
Total ordinary receipts ........... s-,.,.o ~
The ordinary expenditures for the same
period were:
forcul expenses observation-disclosures. 80 7,ti-s -
tor lnr, ~ ntcrcuur~, .............. LID s ~
r." lnNt'r '..'....t....t - ~, w., *
ior Ii, uintar, establishment including
river and na'tor nurpvem' nt-. nnl , -., -.- ~,
for tLc nn,nl c-iabh.hmcn'. urimine
stnn,t '"rl "'' '"'r'' '' i4a5ooa5 80
orni.ct lam'oo>, %. MIXTURE. nclad,ns
iccunl the rc,e,u, ~, ao2as1la ~
f"i H'i'si "h N' lN'l "' W .+.'tt+.ttt- ~ rii' N
Total ordinary expenses ........... s-s ''alu'r 'e
Leaving a surpiu. revenue Of .......... so34u5s7 81
Which was applied as follows:
rotnc redemption United States notes.
r'tne roi.mlnon O.. Dr. ,i,ual currency 1900, o. 90
Ior d, .mb,u 'md '' ''"' ' 47.goo
Go increase ot cu.h balance III the Treas
ulN o'iNs'N- ~
Total Observation-Disclosures. S8Alil,7s 30
The amount due the SINKING lund for the year
WIS s33 729 s33 ~. leaving "a deficiency on this
account ol S3.3s925j5l.
Compared with the previous fiscal year. tho
receipts Tor 1877 have d"crcu-ed ~ follows: In
customs revenue, sl7ll54aL5i; in proceeds of
sales " public hnds. si53.2l327; in sal'@ Of
coin. s3.47J.9Gj.O2 lin s'mi-tunual tax on banks
s25O.O22.33. in prl2r money. 1921 37O92; in
sales ut public property. ~ 2ss.2l2.73 and in
miscellaneous items. sn3i .5l2.sl There was an
increase in the following items: In Internal
revenue. 81 929 .G75.sO: in profits on coinage
81 532 12l.27; and in miscellaneous items
81 5o3, $500 milking net decrease in the re-
1881.
Tho expenditure show a decrcesc rs follows
tf WIZ D,n't doq i 12 ~ m tr
Department. 1888 lgi.31 IN civil and mis"ol-
nn"ous. $lu.7u63us. ~. and IN the interest on
thc public dent. ~. - 759G5-tiue to the fund
ing of six per cont bonds IN now iivHs and four
nnd-a-h hall per cent. bon .is-mnking u total re-
dn.uon in all Of the departments OF 5000
7Ss. H.
The large apparent reduction in the expenses
OF IL" Navy DoIarti Hrut how yer. b. not rral:
Tor. hy reason oi iueu0i lent upnroprlutluus to-
pay the current lnhilitN- ot that department.
Congress has. hy Deficiency hill. during tnr re-
cont s"ssirn. apprnpr at j the sam of s2.nO3.-
SGl27. whi-h II properly rhnrg 'uiln To tnr"N-
u"ndnur"s Of the last vonr: but, including such
den len - the r'dn ton In r"''ilts has been
nearly met by the r'du ton ol rNpsuditur -
II viii also he noticed that more than ono half
OF tins rrdu ton has hpru mud" in fhrc vii ana
m IS ."llan. otis expenditures. and is an part due
10 tn roflu0tl IN nf tho -uurIns ami oil 20 ..N-
psu-t- of tH civil ofii 'cr- and employees OF the
Government
FISCAL YEAR 1878.
For the pre- .ut isral year the revenues, ac-
tual and ,stimatad. viii h' ds iullows