The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1899-06-13
u ~BILLIONAIRR.

SA& SAS@S S~-R
The report OF the Secretary of the
Treasury has long tables OF receipts
and expenditures from 1871 to 1898,
over a century.
The receipts from customs vas less
than four and a half million dollars in
1891 total gross revenues less than
S. 600 900. Total expenditures were
less than 81. 900, 600. In ten years, 1901,
the customs rose above 80, 900, 900;
the gross revenues were nearly $13,
900, 600; the expenditures exceeded
S12, 600 900. In 1915 the total receipts
first rose above $50, 900 900, 1876, 600, 900
being "loan,"L |. e. debt. It took until
1851 before the customs rose above
$40, coo, 900 and the net receipts rose
above the $50, 600, 900 mark.
The customs fell from $50 900, 900 to
$39, 900, 900 from 1860 to 1861, The
gross receipts rose above $83 900, 900 in
1861, one half debt.
In 1853 the gross receipts first rose
above 800, 900, 900. In 1868 the net re.
ceipts first rose above 800, 900, 900. In
1864 Uncle Sam first became a billion.
aire, his gross receipts being 81, 1893,
461, OH, Of which 81 1913 873 945 was
loan" or debt. In 1864 his expendi
lures first rose above the billion mark,
81, 295, 541, ia
The customs first rose above $780,
900, 900 in 1864. above 5000, 600, 900 in
1871 and touched the highest point,
1929. 668, 584, in 1890. The net recerts
rose above the half billion mark once,
1868. The grc7s receipts were highest
in 1855 81, 8C5. 900 600, Of which nearly
II billions was debt For five
years, 1SS4-68, the expenditures ex-
ceeded the billion mark each year;
highest, 81 9C6, 900 coo in 1865.
The total receipts from 1871 to 1898
are $50, 547, O63 336. O6 of which over
81 900, 600, coo weIo customs end SO,
COZ, OOU, 600 were ''lc3ns," or debt, i e,
Uncle Sam has hired over SIC, 600, 600
in his day.
His total expenses to date, June 80,
1898 are S29 7C8 597 237 "a OF this,
S., 172 SAC AS was for war" 81 447,
941, O52 for navy" ard bis pension
bills sun no 81, 378 342 597. A total of
over 80 600 OON 600 by this time for
whaS ''~ecrapping" he has done!
His interest bills were g 9O2 298 go
up to June 30. 1898 Add most of this
to hisf1ghtipg eccount. sjrca he had paid
but about 5000, 600, COO interest before
the civil war"
The pension lisC firstIcga above $1CO,
600 900 in 1890; up to 1859, 357. 557 in
1895 -highest-to I'D exceeded $147, 900,
600, 600 in 1898
1t is notewot ghy that all the receipts
from the sale of public lands in over q
century, all the vast empire that has
teen sold, amounts to but 1922, 839.
825. 90, enough to pay the pension list
two years.
Uncle Sam il a Millionaire surely, in
receipts. expenses and ~debts-buG it
rock Us about IS years to get into the
biliopE-and wouldn't then It we'd
Kept out OF a family fight. All our
colossal enterprises date from that
'ruction." That event seemed to put
whiskey into Uncle Sans financial
nerve. His nephews OF 10 day-the
promoters-f5ure in millions as calmly
as though they were cents. Congress
talks calmly in hundreds Of millions
and siatistlciars feel no thrills at a
billion!
s i'll. il took Uncle Sam 1t8 gears to
collect $50 900 OOO-over SIC 900 OCO of
it was debt, l.. g. water" and it does
seem incredible that @ m IN or corpora
ton can accumulate a Dillon. If they
water their sJock' az literally as Sam
has, over he!t, ond the trusts Of to day
are dong it, tnCy may get there,
The railroads alone owe over 81,
600. 900, OOOl
See latest Statistical Abstract.
FIRE insure &c companies wrote over
$16 900 900. OCO in risks in 1896 Thew
have paid 81 358 coo. 900 in losses on
over g 321 600 600 dollars property
losses since 1874.
Life insurance companies carry over
$12 900, 600, 900 in ~risks-twice as much
as much as Great Britain, Germany
and France Combined! See World
Almanac
The banks owe ~depcsitors over 81
600, 600 900.
Clearing house trensactious began
with five and three quarters of a bill
lion dollars in New York in 1854 and
reached 39i billions in 1898 in bank
clearings. Clearjngs aggregated nearly
SEE lO0 OGO On0 in the LInitnd CAnAa.A