The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1880-12-08
Secretary shermnn,r Report.

Secretary Sherman's Report.
The report of the Secretary of the Treasury is
VOluminOus. Large portions of IL have already
appeared. and we. therefore. give only extracts
from the more important portions.
The ordinary revenues, from all sources, for the
fiscal year ended J0ne 70, 1880, were:
From customs. .--.sls6. 500i 90
From Internal revenue... --..-.... 24.OOa.373 ~
From sales of public lands..........-. l.0l65O6 90
From tax on circulation and depos-
its of National Banks...--........... 7.0l4.9Il "A
Prom repayment of Interest by
Pacife hallway COmpanies-.......... I,7O7, S67 Is
way Companies. ...................... 7s662l -
From customs. fees, fines, penal
ties, 1.iis,sOO 10
and ........,...... e,S, Oes 90
From proceeds of sales OF Govern
ment prOperty...-.---. 2oZ6l6 %
From profits on coinage, etc . ...... 2,792,ls6 IS
From revenues of the District of
Columbia Iso9,469 20
From miscellaneous sources.......~.. 4.099.6o8 ~
Total ordinary receipts ,5526. 6lO 9S
The ordinary expenditures for the same period
For civil ,59 963 So
For foreign intercourse. LII 400 IS
For 5,9i5,4s7 %
arrears OF pensions. -. :. 6,777I7i "A
For the military establishment, in
1nents and srsenals -. Ss.lIeei6 -
For the naval establishment, includ-
ing vessels machinery and i'm
provements at navy yards. -. lG, SIG ISL a
For miscellaneous expenditures, in
Guiding public buildings light
houses. and collecting the revenue. I.Jti5 69l %
For expenditures on account of the
District OF Colum bia--....s.-..-...- 3,2423Si 63
For interest on the public debt. -, 1900 II
For premium on bonds purchased 2,19o,s2O q
Total ordinary expenditures......s267,6i 2s57 IS
Leaving a surplus revenue of... ss5, sSs ,65s 20
Which, with an amount drawn from
Sh lsalaR In, Tra Of
Making $1,000. 9es OS7 Al
Was applied to the redemption
of bonds for the sinking fund ,65a 9GO 90
ing fund.-. ........... 25l III II
OF the loan Of 1883 l0OOO %
f temporary loan 1900. -.............-. 100 90
OF bounty land scrip.......--...-........-. - 90
OF compound interest notes........-...- 1880 90
OF 20 notes of 1851 5................-. $3.50 90
OF one and twOyear notes 800 90
OF old demand notes. ........-......--..- 40 %
s7S,96s,O s7 Al
The amount due the sinking fund for this year
WAS ST., 9S1, 6fS.,5. There was applied thereto
IRON the redemption OF bonds AID fractional cur
rency as shown in the above statement, the sum
of S7 90i, 6l74l an excess of S5.972 973. ~ over
the amount actually required for the year.
The requirements OF the sinking fund law have
been substantially observed, and the principal of
the public debt, less cash in the Treasury and ex
elusive of accruing interest, has been reduced
from 81 go 4sI 57I-4S its highest point which ii
reached ON August 81 1865, to 81 $50 OBS 1859 on
November 1, lSsO-a reduction of SEQ 4O5, sSO.54
Compared with the previous fiscal year, the re-
eeipts for 1850 have increased S62629, 43s.2i, in
the following items: In customs revenue, Si9-
272 OlG u: in internal revenue, 0447, 1854; in
sales Of public lands, s9l,72i.d, in tax
on circulation and and 49, DEPOSITS OF Ma
of sales of Government property. sl0l. is7.69;
i'm consular fees SIP 5l32, in Custom House fees
S1 4GS is: in steamboat fees 063Sg; in marine
hospital tax S27 1873 in interest Indian trust
funds S6ie 0l 80: in sales of Indian lands, ST.,
SS}.54; in deposits by individuals for surveying
public lands, SsSO, 2.33; anu In miscellaneous
items $3.50 914 -. There was decrease of 8, $50.
DILL, as follows: In premium on loans, Sl.496,
Companies S.99 $685. S. in profits on coinage, SlS2,
75l.s9 in premium sales of coin, 3. lOI.3s; in
customs fines, penalties and forfetures $50 726 7S
in customs emOlument fees, Si,1iS..sl; and IN
uneuumerated items, misunderstanding net
increase in the receipts from all sources, for the
ear. of SIS, 6tl9. i26.52-
previous year of $50 1870 $50 ~ follows: In the
Interior Department S22 S95 0i0.06 indians, S7S9
S3s OF. and pensions, S2l .6s5 9205J; in premium
on bonds purchased. -. 795 320.42. There was
Department. 81 COS. 7445l; in the Navy Depart
mont S1-5SS. 10; in the interest on pub
lie debt So $40, 1889; and in the civil and mis-
eellaneous. $ll .02S, OPS 73-making net increase
I'm the expenditures, for the year. OF S6s5,OH25,
FISCAL YEAR 1881.
For the present fiscal year the revenue, actual
and estimated, is as follows:
For quarter For remaining
ended Sept. three quar-
SOURCE 60 1880. tiers of year.
Actual. Estimated
Customs 5000. .....S So 3g5IfS a SI:s 60lS5G sc
Internal revenue. 32.496,422 80 91,503.5T 81
sales OF public lands. f3i,o9O 90 16J, 400 "a
Tax on circulation
and deposits of Ma
tOnal BanEs-...... .;.G,3, $40 81 9,l9O653 63
Repayment of inter