State of the Union Address (1790-2001) eBook

This eBook from the Gutenberg Project consists of approximately 5,523 pages of information about State of the Union Address (1790-2001).

State of the Union Address (1790-2001) eBook

This eBook from the Gutenberg Project consists of approximately 5,523 pages of information about State of the Union Address (1790-2001).

The report of the Secretary of the Treasury gives a full and interesting exhibit of the financial condition of the country.

It shows that the ordinary revenues from all sources for the fiscal year ended June 30, 1883, amounted to $398,287,581.95, whereof there was received—­

From customs — $214,706,496.93

From internal revenue — 144,720,368.98

From sales of public lands — 7,955,864.42

From tax on circulation and deposits of national banks — 9,111,008.85

From profits on coinage, bullion deposits, and assays — 4,460,205.17

From other sources — 17,333,637.60

Total — 398,287,581.95

For the same period the ordinary expenditures were: 

For civil expenses — $22,343,285.76

For foreign intercourse — 2,419,275.24

For Indians — 7,362,590.34

For Pensions — 66,012,573.64

For the military establishment, including river and harbor
improvements and arsenals — 48,911,382.93

For the naval establishment, including vessels, machinery,
and improvements at navy-yards — 15,283,437.17

For miscellaneous expenditures, including public buildings,
light-houses, and collecting the revenue — 40,098,432.73

For expenditures on account of the District of Columbia — 3,817,028.48

For interest on the public debt — 59,160,131.25

Total — 265,408,137.54

Leaving a surplus revenue of $132,879,444.41, which, with an amount drawn from the cash balance in the Treasury of $1,299,312.55, making $134,178,756.96, was applied to the redemption—­

Of bonds for the sinking fund — $44,850,700.00

Of fractional currency for the sinking fund — 46,556.96

Of funded loan of 1881, continued at 3 1\2 per cent — 65,380,250.00

Of loan of July and August, 1861, continued at 3 1/2 per cent — 20,594,600.00

Of funded loan of 1907 — 1,418,850.00

Of funded loan of 1881 — 719,150.00

Of loan of February, 1861 — 18,000.00

Of loan of July and August, 1861 — 266,600.00

Of loan of March, 1863 — 116,850.00

Of loan of July, 1882 — 47,650.00

Of five-twenties of 1862 — 10,300.00

Of five-twenties of 1864 — 7,050.00

Of five-twenties of 1865 — 9,600.00

Of ten-forties of 1864 — 133,550.00

Of consols of 1865 — 40,800.00

Of consols of 1867 — 235,700.00

Of consols of 1868 — 154,650.00

Of Oregon War debt — 5,450.00

Of refunding certificates — 109,150.00

Of old demand, compound-interest and other notes — 13,300.00

Total — 134,178,756.96

The revenue for the present fiscal year, actual and estimated, is as follows: 

Source — For the quarter ended September 30, 1883 (actual) — For the remaining three quarters of the year (estimated)

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State of the Union Address (1790-2001) from Project Gutenberg. Public domain.