The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-10-22
UNCLE SAM DAY BY DAY.
How His Riches Pile Up as shown by
Treasury Statistics.

Brooklyn Eagle
Despite the fact that the cost OF running
the United States government Is increasing
at rapid rate, Uncle Sam is able. after
paying all expenses. TO put aside more cash
each day than he did on the corresponding
day last year, says the Washington Times.
One OF the clever statisticians of the treas
ury Department the other day took the
statement of Treasurer Roberts and made
10 reporter OF the Times some interesting
deductions.
The statement, which sets forth the trans
actions of an ordinary day. shows that the
total receipts of the government from all
sources for the average day 10 be $780,
$3.50 and the total expenses of the day
81, $50 900. thus leaving balance of re-
ceipts over expenditures in the treasury OF
$l99.S36.55. In other words, the government
collects nearly 500. 600 more than IL has any
immediate use for. The collections for one
day are at the rate Of $Si, 20l.52 an hour for
twenty-four hours. which means that every
minute there pours into its strong boxes
from the pockets OF the people H.40S.S6. or
$50 second.
l. on the same day the United States paid
| out on an average every hour 5000 In or
| der TO keep the wheels OF the government
| going. Expressed in another way, the ex-
| penses for the government by the day are
sl,275, or S21.1S a second. AS the collections
for the same second are s2s.S9. it is shown
| that the governments profits by the day
are at the rate of 1921 per second.
The source of great income is from Gus
toms collections levied under the tariff act
| They aggregate for the day 81. 13l. 1853. This
/ is at the rate OF $i7.167.00 an hour, or
| $1S601 a minute. or 1910 second. While
| collecting tariff duties at the rate OF $3.50
| a second the government at the SHINE time
| collects internal revenue taxes at the rate
of $S.76 a second, the total receipts for the
| day from that source being $3.50. 933. p From
miscellaneous sources there was collected by
the day $l32.024.24.
On the corresponding day last year the re-
cepts from all sources were 81 1871. 40 40
with expenses of 1.160,000. Collections for
| the corresponding day last year were at the
rate of $15.41 a second. and expenditures av-
eraged for that day $i3.f2 a second. the
profits to the government on the days
! transactions being only s1.99 a second,
The item of greatest cost, as shown by
| the statement, was credited TO war
merely convenient term used by the treas
| ury's bookkeepers TO indicate the total ex-
pense of the War Department by the day.
The exhibit shows there was disbursed on
account of war on Sept. is, $40. 900. and
| on the same day the navy cost the nation
| $4,000. Pension payments for the day were
| $4,000, thus making the total expense OF
| the government on account OF war and the
necessary equipment to carry IL on s.. 500 600.
| While of course, an enormous amount of
money is paid out every day in expenses the
| government. as has been shown, Is making
| a profit of $2-2 a second on it's daily trans
! actions If this is kept up long enough IL
will have in its exchequer all the money In
| the nation.