Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1903-09-29
UNCLE SANS DAILY BALANCE.
1t Aoeumulates at tho Rate of $221 q
Second.

StNS.S SSW y SHIIt oNSHNS6s
II Accumulates at tho Rate of $221
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 1t did on the CORES
ponding day last year or the year be-
fore that, are easily demonstrated by an
analysis Of the daily balance sheet is
sued by the secretary Of the treasury.
One Of the clever statisticians Of
Washington took the statement of Sep
tember 16 last which was typical Of
the whole series of the fall season, and
made 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 that day were $2,-
020,836.55, and that the total expenses
OF that day were $1,S30,000, thus leav-
ing balance Of receipts over expendi-
lures in the treasury Of $3.50, ,83655. In
other words, the government collected
nearly 100000 more than it had any
immediate need for. The collections
for the day were at the rate Of $S4,-
2O1.52 an hour for the twenty-four
hours, which means that every minute
there poured into its strong boxes from
the pockets Of the people $1,40s.36. or
$23.39 a second.
On the same day the United States
paid out on an average every hour
s76,250 in order to keep the wheels Of
government going. Expressed in an
other way, the expenses for the gov
ernment for the day by minutes were
s1,27O.75, or $21.1S a second. AS the
collections for the same second were
s23.39, it is shown that the govern
ment's profits for the day were at the
rate Of s2.21 per second.
The source Of greatest income on
this particular day was from customs
collections levied under the tariff act.
They totaled for the day $1,131,-
S7S.59. This is at the rate Of $47,167.60
an hour, or $7S6,0O a minute, or $3.50
a second. While collecting tariff du-
ties at the rate Of 1910 6. second, the
government at the same time was col
lecting internal reveA.- taxes at the
rate Of 1915 second, tine total re-
ceipts for the day from that source be-
ing $756,933.72 From miscellaneous
sources there was collected during the
day s132,O24,24.
On the corresponding day last year
the receipts from all sources were ST.
331, ,440.40, with expenses Of $1,160,000.
Collections for the corresponding day
last year were at the rate Of $15.41 a
second and expenditures averaged for
that day $13.42 a second, the profits
to the government on the days trans
actions being only $1.99 a second,
against 1921 second on September 16,
1903.
The item of greatest cost, as shown
by the statement under review, was
credited to "war'-merely d convenient
leTIu uSSu ny liiC liSoSoiJ g pooh-
ers to indicate the total expense Of the
war department for that day. The ex-
hibit shows that there was disbursed
on account Of war" on September 16,
$4,000, and on the same day the navy
cost the nation $570,00 Pension pay
ments for the day were 100000, thus
making the total expenses Of the gov
ernment on account Of war and the
necessary equipment to carry it on ST.
$4,000.
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 1921
a second on it's daily transactions. If
this is kept up long enough it will have
in it's exchequer all the money in the
nation.