the Vice-President be thereupon empowered to resume his powers and duties as such? I cannot doubt that these important questions will receive your early and thoughtful consideration. Deeply impressed with the gravity of the responsibilities which have so unexpectedly devolved upon me, it will be my constant purpose to cooperate with you in such measures as will promote the glory of the country and the prosperity of its people. OF THE SECRETARY OF THE TREASURY. TREASURY DEPARTMENT, Washington, D. C., December 5, 1881. SIR: I have the honor to submit the following report: The ordinary revenues from all sources for the fiscal year ended June 30, 1881, were— From customs... From internal revenue. From sales of public lands. From tax on circulation and deposits of national banks.... From repayment of interest by Pacific Railway Com- From sinking-fund for Pacific Railway Companies.. From fees-consular, letters-patent, and lands. From proceeds of sales of Government property From revenues of the District of Columbia. From miscellaneous sources. Total ordinary receipts.... $198, 159, 676 02 135, 264, 385 51 2,201, 863 17 8, 116, 115 72 810,833 80 805, 180 54 1,225, 514 86 2,244, 983 98 262, 174 00 3,468, 485 61 2,016, 199 23 6, 206, 880 13 360,782, 292 57 The ordinary expenditures for the same period were For civil expenses... For foreign intercourse. $17,941, 177 19 1,093, 954 92 For Indians.. For pensions.. For the military establishment, including river and For the naval establishment, including vessels, ma- For interest on the public debt... 6,514, 161 09 50,059, 279 62 40, 466, 460 55 15,686, 671 66 41, 837, 280 57 3,543, 912 03 82, 508, 741 18 1,061, 248 78 260, 712, 887 59 $100, 069, 404 98 Which was applied as follows: To the redemption of— Bonds for the sinking-fund.. Fractional currency for the sinking-fund. 3 Ab 74, 371, 200 00 109, 001 05 7,418,000 00 33 Ten-forties of 1864... Five-twenties of 1862. $2,016, 150 00 18, 300 00 Five-twenties of 1864. Five-twenties of 1865.... Consols of 1867... Consols of 1868... Texan indemnity stock... Old demand, compound-interest, and other notes. 3, 400 00 37,300 00 143, 150 00 959, 150 00 337,400 00 1,000 00 18, 330 00 14, 637, 023 93 100,069, 404 98 The requirements of the sinking-fund for the last fiscal year, including a balance of $49,817,128.78, not provided for up to the close of the previous year, amounted to $90,786,064.02. There was applied thereto from the redemption of bonds and fractional currency, as shown in the above statement, the sum of $74,480,201.05, leaving a deficit of $16,305,873.47. It is estimated that the requirements of the fund for the present fiscal year, including the balance from last year, will amount to $59,634,856.50. The amount of bonds redeemed during the months of July, August, September, and October of the present year is in excess of the requirements of the sinking-fund for the entire year by the sum of $6,176,593.50. The surplus revenues, however, which may hereafter accrue during the year, will be applied to the purchase or redemption of the public debt, as contemplated in section 2 of the act approved March 3, 1881, (21 Stats., p. 457.) Compared with the previous fiscal year, the receipts for 1881 have increased $29,352,901.10, in the following items: In customs revenue, $11,637,611.42; in internal revenue, $11,255,011.59; in sales of public lands, $1,185,356.57; in tax on circulation and deposits of national banks, $1,101,144.28; in proceeds of sales of Indian lands, $1,055,202.40; in deposits by individuals for surveying public lands, $1,329,588.85; in fees on letters-patent, $50,415.84; in profits on coinage, $676,298.83; in revenues of the District of Columbia, $206,729.53; and in miscellaneous items, $855,541.79. There was a decrease of $2,097,219.51, as follows: In repayment of interest by Pacific Railway Companies, $896,533.38; in interest and premium on Indian trust-fund stocks, $631,595.76; in registers' and receivers' fees, $154,798.29; and in unenumerated items, $414,292.08; making a net increase in the receipts, from all sources, of $27,255,681.59. The expenditures show a decrease over the previous year of $21,700,800.39, as follows: In the Interior Department, (pensions,) $6,717,894,82; in premium on bonds purchased, $1,734,071.64; and in the interest on public debt, $13,248,833.93. There was an increase of $14,770,730.20, as follows: In the War Department, $2,349,544.33; in the Navy Department, $2,149,686.92; in the Interior Department, (Indians,) $568,704; and in the civil and miscellaneous, $9,702,794.95— making a net decrease in the expenditures of $6,930,070.19. FISCAL YEAR 1882. For the present fiscal year the revenue, actual and estimated, is as follows: The expenditures for the same period, actual and estimated, are The revenues of the fiscal year ending June 30, 1883, estimated upon the basis of existing laws, will be From customs..... From internal revenue. From sales of public lands From tax on circulation and deposits of national banks.. From repayment of interest by Pacific Railway Com panies.. From customs' fees, fines, penalties, &c .. From fees-consular, letters-patent, and lands From proceeds of sales of Government property. From revenues of the District of Columbia From miscellaneous sources.. Total estimated ordinary receipts.. $215, 000, 000 00 155, 000, 000 00 2,500, 000 00 8, 000, 000 00 1,500, 000 00 1, 350, 000 00 2,450, 000 00 250,000 00 3,250,000 00 1, 800, 000 00 8, 900, 000 00 400, 000, 000 00 The estimates of expenditures for the same period, received from the several Executive Departments, are as follows: |