Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1903-10-14
UNCLE SANS DAILY sAlANcg.
I aceumulaies d the ilalo q 81 ri a Second

Y hceumu'ates at the Rate Of S2.21 a Second
That the cost of the Government
is daily increasing, and that, in spite
OF this increasing cost, the United
States is able, after paying every
bill, to put aside more cash each
night at the close of business than it.
did on the corresponding day last
year or the year before that, are
easily demonstrated by an analysis
of the daily balance sheet issued by
the Secretary of the Treasury.
One of the clever statisticians Of
Washington took the statement of
September 16 last, which was typical
of the whole series of the fall season,
and made some interesting deduc-
tions. The statement, which sets
forth the transactions of an ordinary
day, shows that the total receipts of
the government from all sources for
that day were $2,02O,836.55, and
that the total expenses of that day
were 1880, ,0O0, thus leaving ball
snce of receipts over expenditures in
the treasury of $l90,836.55. In
other words, the government col
lected nearly 100000 more than it,
had any immediate need for. The
collections for the day were at the
rate of $84,201.62 an hour for the
twenty-four hours, which means that
every minute there poured into its
strong boxes from the pockets of the
people $1,4O3.86, or $23.39 a second.
On the same day the United States
paid out on average every hour
$76,250 in order to keep the wheels
of government going. Expressed in
another way, the expenses for the
government for the day by minutes
were $1,27O.75, or $21.18 second.
As the collections for the same Sec
ond were $28.39, it is shown that the
governments profits for the day
were at the rate of 1921 per second.
The source of greatest income on
this particular day was from customs
collections levied under the tariff
aot. They totaled for the day
$1,181,878.59. This is at the rate of
$47, ,167.60 an hour, or $7S6.OO a
minute, or $13.10 second. While
collecting tariff duties at the rate of
$3.50 second, the government at
the same time was collecting internal
revenue taxes at the rate of 1915 a
second, the total receipts for the day
from that source being $756,933.72.
From miscellaneous sources there
was collected during the day $780,
O24.24.
On the corresponding day last year
the receipts from all sources were
81 1881, ,440.40, with expenses of $1,-
100000. Collections for the CORES
ponding day last year were at the
rate of $15.41 a second and expendi-
lures averaged for that day $13.42
second, the profits to the government
on the days transactions being only
s1.99 a second, against 1921 a Sec
ond on September 16, 1908.
The item of greatest cost, as shown
by the statement under review, was
credited to "war"-merely conven-
lent term used by the treasury's
book-keepers to indicate the total
expense of the war department for
that day. The exhibit shows that
there was disbursed on account of
"war" on September 16, $720,OOO,
and on the same day the navy
cost the nation $4,000. Pen
sion payments for the day were
thus making the total ex-
penses of the government on account
of war and the necessary equipment
to carry it on 81 100000.
While of course an enormous
amount of money is paid out every
day in expenses, the government, as
has been shown, is making profit of
1921 second On its daily transac-
tions. If this is kept up long enough
it will have in its exchequer all the
money in the nation.