A Compilation of the Messages and Papers of the Presidents. Volume 8, part 2: Chester A. Arthur
History
A Compilation of the Messages and Papers of the Presidents. Volume 8, part 2: Chester A. Arthur
Arthur, Chester Alan, 1829-1886; Presidents -- United States; United States -- History -- Sources; United States -- Politics and government
For civil expenses $17,941,177.19
For foreign intercourse 1,093,954.92
For Indians 6,514,161.09
For pensions 50,059,279.62
For the military establishment, including river
and harbor improvements and arsenals 40,466,460.55
For the naval establishment, including vessels,
machinery, and improvements at navy-yards 15,686,671.66
For miscellaneous expenditures, including public
buildings, light-houses, and collecting the revenue 41,837,280.57
For expenditures on account of the District of Columbia 3,543,912.03
For interest on the public debt 82,508,741.18
For premium on bonds purchased 1,061,248.78
______________
Total ordinary expenditures 260,712,887.59
Leaving a surplus revenue of $100,069,404.98, which was applied as
follows:
To the redemption of--
Bonds for the sinking fund $74,371,200.00
Fractional currency for the sinking fund 109,001.05
Loan of February, 1861 7,418,000.00
Ten-forties of 1864 2,016,150.00
Five-twenties of 1862 18,300.00
Five-twenties of 1864 3,400.00
Five-twenties of 1865 37,300.00
Consols of 1865 143,150.00
Consols of 1867 959,150.00
Consols of 1868 337,400.00
Texan indemnity stock 1,000.00
Old demand, compound-interest, and other notes 18,330.00
And to the increase of cash in the Treasury 14,637,023.93
______________
100,069,404.98
The requirements of the sinking fund for the year amounted to
$90,786,064.02, which sum included a balance of $49,817,128.78, not
provided for during the previous fiscal year. The sum of $74,480,201.05
was applied to this fund, which left a deficit of $16,305,873.47. The
increase of the revenues for 1881 over those of the previous year was
$29,352,901.10. It is estimated that the receipts during the present
fiscal year will reach $400,000,000 and the expenditures $270,000,000,
leaving a surplus of $130,000,000 applicable to the sinking fund and the
redemption of the public debt.
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