Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1886-04-22
GOVERNMENT INCoME AND oUreo

From General Bosecrans Register of
the United States Treasury, we have
quarto volume of 100 pages, giving in
elaborate detail a statement of the public
debt Of the nation from 1889 to 1885, and
also in detail Che receipts and expenditures
0. the Government from 1887 to 1885.
This is the first complete official publica-
ton Of the financial history of the Govern
ment and supplies notable want. Con
corning it the Register, in transmitting
the volume says
II furnishes to the student an epitone of our
national life, its vicissitudes ana wonderful
growth. 1t gives to public writers and states
mon the means for solving many undetermined
problems settling conventions and vexed cues
tons concerning the incurrence of expendit-
uleS ana the amount and sources of our income
and the rate of payment of our public debt
while 1t demonstrates that our accounting has
been generally methodicel simple, honest and
eHecllFe- IL shows by what accidental book
keeping errors OF entry and omission arose the
discrepancies in the Statement of the Public
Debt. to which attention was specially called
u 1871, and which gave rise to the investiga-
ton by Senate committee under the resolu-
ton offered by Senator II. G. Davis at that
time and on pages go and l07 shows what is
yet required Tor their rectifcation, and why the
bill recently introduced in the Senate by Sena-
tor Beck, and in the House by lion. A. s
Hewitt Congress may direct the same TO be
done The remaining details required for per-
fectng the information given in this publica.
ton IS the history of the interest on the public
debt Az the suggestion of the Register, the Sec
retaiy OF the Treasury on the 18th of FEBRUARY
limo. ordered this to be prepared as. Is ROW
being done in this office.
We can at this time no more than pre-
sent some of the totals and comparative
aggregates, which we deduce from Stats
ties in the book, and obviously we must
omit present specific comment upon them.
The receipts and expenditures are shown
for portions of the time between 1889 and
1883, by quarters by calendar and fiscal
years. The value of statistical exhibits.
extending over long period, is found in
the comparisons between groups of subdi-
visions of time within the whole period.
These group-aggregates must be made
from the figures in the volume before us
by careful additions, and are for the pres
ent deferred, as also the very interesting
showing that may be made of the cost of
various governmental departments in
varied periods of our history-times of
peace and war; periods in which there
were or were not internal revenue gather
lngs; periods of financial depression or
buoyancy, etc
The total receipts of the Government
from March 4, 1889, to June 80, 1885. were
s2l,649SO5,64l 81, and the expenditures
ST. l2S,Oll,6l5 OF, leaving balance in the
treasury on the later date of S52l,794,-
o20 70. The debt bearing interest June
80, 1885, was Sl,196, 15O,950, and bearing
no interest, S676, 1S9,6O7 a. Total, ST.
o'2,54o,5SI Ii. We have paid, as interest
on the public debt, S47,5l4,126 54, and
interest on railroad bonds, 1876, 900 y.
Our total receipts have been as follows
since 1886: