Democratic Sentinel, Volume 2, Number 23, Rensselaer, Jasper County, 19 July 1878 — UNCLE SAM’S CASH ACCOUNT. [ARTICLE]

UNCLE SAM’S CASH ACCOUNT.

Receipts and Expenses of the Government tor Two Tears. The figures given below are compiled from the books of the Treasury Department, says a Washington correspondent, and show in detail the receipts and expenditures of the Government for the fiscal year ended June 30, 1878, compared with the receipts and expenditures for the preceding fiscal year. The figures given for the quarter ending June 30 last are those reported to the Treasury Department to July 1. Until final statements can be received from financial agents and disbursing officers located at remote sections of the country, the exact balances for the‘quarter cannot be stated. The final reports will not materially affect the general results given in the accompanying tables : RECEIPTS. First quarter. 1877. 1878. Customs $ 37,554.728 $ 36,983,532 Internal revenue 24 813 337 28,393.382 Miscellaneous 6,742,460 Total $ 73.110,524 $ 71,537,570 Second quarter. Customs $ 27,793,120 $ 30.101,915 Internal revenue 20.242 882 28,292,128 Miscellaneous $ 1 966 885 2,069.271 Total $ 59,002,896 $ 60,463,314 Third quarter. Customs $ 34,000,920 $ 32.924,170 Internal revenue 27.446,265 23.603,274 Miscellaneous 7,721,510 5,586,525 Total $ 69,168,695 $ 62,113,969 Fourth quarter. Customs $ 31,6'i7.715 $ 29,887,727 Internal revenue 33,127,925 30,012,172 Miscellaneous 2,982,830 4,087,066 Total $67 718,470 $ 63,986,965 The following tables will show the aggregate receipts for the last two fiscal years: 1877. 1878. Customs $130,9 6 493 $129,897 344 Internal revenue 118.630,408 110,300.956 Miscellaneous 19,413,686 17,893,518 Total $269,0'0 587 $258,091,818 EXPENDITURES. The expenditures for the past two years by quarterly periods were as follows : 1877. 1878. First quarter $ 41,644,342 $ 30.264,315 Second quarter 35 828,546 37,267,779 Third quarter 35.288.253 31,508 117 Fourth quarter 28,774,356 36,580,406 Total $141,535,497 $135,620,617 Interest public debt 97,124,511 100,000,000

Aggregate $238,660,008 $235,620,617 A comparison of results for the last two years shows a net loss in revenue, for the year ending June 80, 1878, of $7,869,379, and the net loss for the last two fiscal years, as compared with the year ending June 30, 1876, is $13,164,868. The large falling off in receipts and the reductions made in expenditures during the last two fiscal years are shown in the following table : Receipts. Expenses. 1876 $294,095,865 $258,459,797 1877 269,000,587 238.660,008 1878 258,091,818 235,620,617 Interest on the public debt is included in the above table. It will be noticed that the expenditures for the vear ending June 30, 1876, were nearly equal to the aggregate receipts for the last fiscal year. If the $10,000,000 received from the Geneva award, and which were covered into the treasmy in 1877, be deducted from the receipts for that year, the receipts for the twelve months ending June 30, 1878, will be very little short of those received from regular sources during 1877.