The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1877-12-05


From customs. e56 4e3 on
From internal revenue. ....,,........ 1l863O4O7 IS
From sales Of public lands. ......... :. 976253 az
From tax on circulation and deposits Of
From repayment Of interest by Pacific O''00O 70
RAILWAY companies .................. 1861 e98 "a
From customs fees. fines, penalties etc 1O44.7I2 "a
From fees-consular, letters-patent
70 and lands; 1.12,, ,e11 OF
From premium on sales Of coin &c., 1850 YS
From profits on coinage, etc ........... 3273230 Os
From miscellaneous sources ."....... 3067,Ts2 81
Total ordinary receipts. s2ss. .OOO, ,5sc g.
The ordinary expenditures for the same peril
cd were:-
For civil expenses INSTRUMENTATION, sl5To4 Is9 "a
For foreign intercourse ...........,. 1,229T58 70
For Indians. ....".................. b,277,00F q
For the military establshment, inciud- '''
ing river and harbor improvements,
For the naval establishment including ''O'1''
vessels, machinery and Improvements
at navy yards. .....,...... IA, ,959, ,o35 90
For miscellaneous expenditures. includ-
ing public buildings, lighthouses and
collecting the revenue .............. ss,22s110 q
For interest on the public debt. t.."... E,1246l1 %
Total ordinary expenditures. :. .s2ss, $50 ,OOs ss
Leaving surplus revenue of. $50 3f057T So
Which was applied as follows:
To the redemption of United States
notes, etc. S10,0T1,6i7 90
To the redemption of fractio nal curren-
To the redemption OF SIX per cent. bonds ''''' W
for the sinking fund nc.................. 447 500 90
To increase of cash balance in the Treas.
uIy'''s'''''' OTIS 002 Ga
ssO,s4o577 60
The amount due the sinking fund for ths
year was $33, ,729. 1888 20. leaving deficiency on
this account of $3,389255
Compared with the previous fiscal year, the re-.
csipts for 1877 have decreased as follows In GUS
toms revenue SIT. 115, ,491 55;n proceeds of sales
Of public lands, S15321327;in sale, Of coin
S3,473, $3.50 .03; in semi-annusl tax on banks,
$3.50 022 33; in prize money 1921 $40 90: in sales
Of public property, 81, ,228 212 73; aud in mis-
cellaneous items, 1894 5l2 81. There was an
increase 10 the the following items: In internal
revenue 81 ,929 075.S0; In profits on coinage,
S1,532 121.24; and in miscellaneous Items
81, ,593. 539 01-making a net decrease 10 the re-
celpts from all sources for the year, Of SIS 481-
452 "a
The expenditures show decrease as follows.
10 the War department., 1888 152 "A; in the
Navy department. 81, ,003, ,374 49; in The Interior
department $685. 104 81; IN civil an miscell.ne
GUS $40 7O63O7 18; aud in interest oo the public
deot % lIo,759 20 due to the funding Of six
DER cent bonds in pew fves and four aud half
per cent bUnds-makng total reduction In all
OF tue departments OF SIG, 799, 788 40.
The large apparent reduction of expenses in
tuS Navy department however, is not real: for
by reason of insufficient appropri Ations to pay
the current Liabilities of that department. Con.
gress has, by deficiency bull, during the recent
session appropriated the SUN of $1,000 8qi 2T
which is properly chsrgeable to the exoendi-
lures OF the last year; but, including sucb da-
hciency, the reduction in recslpta has basn
nearly met BY the reduction of exDeuditures
1t Will also be noticed that more than one
half OF this reduction has been made IN the
civil and miscellaneous expenditures, and is in
part due TO the reduction of the salaries and
ONCE expenses OF the civil officers snd employees
OF tho government
The actual and estimated revenues for the
present fiscal wear are: For thhe first quarter
(actusl $71 ,537, 500 50. for the re manning three
quarters (estimaGed) S193 962, ,430 18. The ex-
penditures for the same period, actual aud esti-
mated, are For the first quarter (actuaD $40
730, ,905.55; for the remaining three ouarters
(esGlmated) S161, ,699, 738 II. For the current
year it ls estimated that the total revenues will
BE- S265 800 900 and the expenditures e232 43o :
64372, leaving a surplus revenue af S33 O6Q
356 28; and as the amount required for the
sinking fund is S35 40, 1904 so there will be- 4
denclt on this account of So, 1856 44S 50
Ihe revenues for the fiscal wear ending June
81, 1873, (estlmated) will bs $3.50, $50, 600 and
tne estimates of expenditures tor the same
p-nod are $3.50 688, ,796 SO Thus IL appears
enat II Congress makes apDr lDristlOnr tsrd on
tnese esti mates including $37 1856 04O As for the
sinking fund, there Will bs deficiency of
$11, ,438, ,796. SO.
70 guard against this deficiency the secrs.