ДЇor the present fiscal year the revenues, actual and estimated, will be as follows:ДЇor the qnarter ending September 30, 1877. I t will also be noticed that more than one-half of this reduction has been made in the civil and miscellaneous ex]3enditures, and is in part due to the reduction of the salaries and office-expenses of the civil officers and employ6s of the Government.

The large apparent reduction in the expenses of the IsTavy Department, however, is not real for, by reason of insufficient appropriations to pay the current liabilities of that Department, Congress has, by deficiency bill, during the recent session, appropriated the sum of $2,003,861 27, which is properly chargeable to the expenditures of the last year but, including such deficiency, the reduction in receipts has been nearly met by the reduction of expenditures.

The expenditures show a decrease a s follows: In the War Department, $988,152 74 in the ISTavy Department, $4,003,374 46 in the Interior Department, $983,194 37 in civil and miscellaneous, $10,706,307 18 and in the interest on the pubhc debt, $3,118,759 65-due to the funding of six per cent, bonds ih new fives and four-and-a-half per cent, bonds- making a total reduction in all ofthe Departments of $19,799,788 40. There was an increase in the following items: In internal revenue, $1,929,675 80 in ^profits on coinage, $1,532,121 27 and in miscellaneous items, $1,593,539 01-making a net decrease in the receipts from all sources, for the year, of $18,481,452 54. Compared with the previous fiscal year, the receipts for 1877 have decreased as follows: In customs revenue, $17,115,491 54 in proceeds of sales of public lands, $153,213 27 in sales of coin, $3,473,965 02 in semi-annual tax on banks, $250,022 33 in prize-money, $321,370 92 in sales of public property, $1,288,212 73 and in miscellaneous items, $934,512 81. To the redemption of United States notes, &c $10, 071, 617 00 To the redemption of fractional currency 14, 043,458 05 To the redemption of six per cent, bonds for the sinking-fund 447, 500 00 To increase of cash-balance in the Treasury 5, 778, 002 64 30,340,577 69 The amount due the sinking-fund for the year was $33,729,833 20, leaving a deficiency on this account of $3,389,255 51. For interest on the public debt Total ordinary expenditures. For the military establishment, including river and harbor improvements, and arsenals For the naval establishment, including vessels, machinery, and improvements at na^^ yards For miscellaneous expenditures, including public buildings, light-houses, and collecting the revenue. The ordinary expenditures for the same period were- For civil expenses For foreign intercourse For Indians For pensions. 1, 661, 998 64 From customs' fees, fines, penalties, &c 1, 044, 712 84 From fees-consular, letters-patent, and lands 1, 727, 611 97 From proceeds of sales of Goyernment property 333, 954 96 From xiremium on sales of coin 249, 580 78 From profits on coinage, &c 3, 273,239' 08 From miscellaneous sources 3, 067, 782 81 Total ordinary r e c e i p t s. From tax on circulation and deposits of national banks 7, 078, 550 96 From repayment of interest by Pacific Eailway Companies. 3iR: In obedience to law, I respectfully submit the following report: The ordinary reveniieSj from all sources, for the fiscal year ending June 30, 1877, were- From customs $130, 956, 493 07 Erom internal revenue Director of the Mint Register of the Treasury Treasurer.Дigitized for FRASER k Federal Reserve Bank of St.

Statement of refunds made by the Treasury Department from November 21, 1876, to JuTreasury Department decisions under which refunds have been madeД¤6 74 273 279 293 314 321 325 561 251 547 93 253 257 139 231 407 331ДЄuditor, First Auditor, Second Auditor, Third Auditor, Fonrth, Auditor, Fifch Auditor, Sixth Coast Survey, Superintendent of Commissioner of Customs Commissioner of Indian Aifairs Commissioner of Internal Revenue Comptroller, First Comptroller, Second Comptroller of the Currency. Report of the transactions of the division of special agents APPENDIX C. Statement showing the condition of the bonded debt and amount of saving by interest thereon if converted into four per cent, bonds APPENDIX B. Tables accompanying the report APPENDIX A. R E P O R T OF THE SECRETARY OF THE TREASURY

Digitized for FRASER Federal Reserve Bank of St.

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