The Cecil Whig., 1881-12-10
THE NATIONAL FINANCES.

THE NATIONAL FINANCES.
The report of the Secretary of the
Treasury presents in detail highly
satisfactory exhibit of the state cf the
finances, and the condition of the vari-
Gus branches of the public service admin
nistered by that department.
Tie ordinary revenues from all sources
for the tiacal year ending June 80, 1881,
We're: From customs, $l9S 159, 676 OF:
from internal revenae. Sl35, 262. 3S5.51 !;
from sales of public lands, o. 20l S63. Il:
from tax on circulation and deposits of
national banks, SO, 11G. 1l5. 10: from re-
payment of interest by Pacific Railway
Companies. $50, $3.50; from Sinking
Fund for PaciEG Railway Companies,
customs fees, fines, penalties, &c, ST.
25.Jl4.S6; from fees. consular letters.
patents and lands, $2.244 9S3."J; from
proceeds of sales of Government property
S2e2. A 90: from profits on coinage, So
46S. 81 81: from revenues of the District
of Columbia, $20l6. 1929: from miscel-
lancous sourcel Sc. 20G. SS0.13. Total or
dinary receipts, $3.50. IS2. 292.5 81.
The ordinary expenditures for she same
period were: For civil expenses, $l1.-
94l. 111.19; for foreign intercourse. ST.
093, 9J4 %: for Indians, 6,Jl4 16i .US: Tor
pensions, $50. 059, 219G G2: for the military
establishment, including river and har-
Dor improvements and arsenals, $40. 4G6,- =
4G0. %: fGf the naval establishment i'll
Guiding vessels. machinery. aud improve
mcnts at navy yards. l5,GS6, G1. 6G; for
miscellaneous expenditures, including
public buildings. lighthouses. sllt col
lprtinr tho al S'tS $50
For expenditures on account of the
District of Columbia. $3.543, 912.03. For
interest on the public debt. $S2. sos, AL
Is. For premium on bonds purchased
81. .0Gl, PASS. Total ordinary expendi-
lures. $3.50, 1l:. $3.50. Leaving a sur
plus of revenue of sluG, ESQ 404 9S. which
was applied as follows: 80 ,.a redemp-
tIoi! of bonds for the sinking fund. sIt.-
81 ,2oG 90: fractional currency for the
sinking fund, s109, DOL .05. Loan of Feb
ruary. 1861. $i.ilS. 10000; n-forties of
1863. $2,0l6. l30: lye-twcntiss of 1862
SIS, 800: fye-tnentias Of 1864. So. 400:
tive-twenties of 1865. S3i. 500; aansols of
1865. $143, $50; consols of 1867. S.,at. 40:
consols of 1868. s33s, 400: Texas iEdem-
nifty stock. $1,000; old demand compound
interest and other notes. SIS, }}30 and to
the i.erease of cash in the Treasury. $14,-
631, ,023; ttttal. s100,0G9, 404.9S. The re-
quirements OF ,,.e sinking fund for the
year amounted to s.G, Sc, .02 which
sum included balance Of s4S, 81. 12S. IS,
not provided for during the previous fs-
cal year The sum of s14, 4S0 201 .05 was
applied. H. this fund. which left deficit
of SIG, 500, si3.41. The increase of the
revenues for 1881 oyer those of the pre-
vious year was S2J, 352 S0i.10.
1t is estimated that the reaG;pts dur
ing the present fiscal year will rGach
$400. 000 600, and the expenditures s270.
GOO, 000 leaving 4 surplus of sl3O. 900, 600
applicable to the sinking fund and the
redemption of the public debt. | ap-
proved the recommendation of the Sec
retary of tis Treasury, that provision be
made for the early retirement of silver
certificates, and that ih~ c."t requiring
their issue be repealed. They Zc"e is
sued in pursuance of the policy OF the
Goyeppment to maintain silver at or near
the gold standard, and were accordingly
made receivable for all customs. taxes,
and public dues. About sixty-six mill
ions Of them are now outstanding. They
form an unnecessary addition 10 the Pr
per currency, Il sufficient amount of whieh
may be readily supplied by the national
banks.
THE COINAGE OF SILVER DOLLARS.
In accordance with the act of Februa-
ry %, 1878, the Treasury Department