Presidents -- United States -- Messages; United States -- Politics and government -- Sources
The Secretary of the Treasury reports that the receipts of the
Government from all sources during the fiscal year ended June 30, 1893,
amounted to $461,716,561.94 and its expenditures to $459,374,674.29.
There was collected from customs $205,355,016.73 and from internal
revenue $161,027,623.93. Our dutiable imports amounted to $421,856,711,
an increase of $52,453,907 over the preceding year, and importations
free of duty amounted to $444,544,211, a decrease from the preceding
year of $13,455,447. Internal-revenue receipts exceeded those of the
preceding year by $7,147,445.32. The total tax collected on distilled
spirits was $94,720,260.55, on manufactured tobacco $31,889,711.74, and
on fermented liquors $32,548,983.07. We exported merchandise during the
year amounting to $847,665,194, a decrease of $182,612,954 from the
preceding year. The amount of gold exported was larger than any
previous year in the history of the Government, amounting to
$108,680,844, and exceeding the amount exported during the preceding
year by$58,485,517.
The sum paid from the Treasury for sugar bounty was $9,375,130.88, an
increase over the preceding year of $2,033,053.09.
It is estimated upon the basis of present revenue laws that the
receipts of the Government for the year ending June 30, 1894, will be
$430,121,365.38 and its expenditures $458,121,365.28, resulting in a
deficiency of $28,000,000.
On the 1st day of November, 1893, the amount of money of all kinds in
circulation, or not included in Treasury holdings, was $1,718,544,682,
an increase for the year of $112,404,947. Estimating our population at
67,426,000 at the time mentioned, the per capita circulation was
$25.49. On the same date there was in the Treasury gold bullion
amounting to $96,657,273 and silver bullion which was purchased at a
cost of $126,261,553.
The purchases of silver under the law of July 14, 1890, during the last
fiscal year aggregated 54,008,162.59 fine ounces, which cost
$45,531,374.53. The total amount of silver purchased from the time that
law became operative until the repeal of its purchasing clause, on the
1st day of November, 1893, was 168,674,590.46 fine ounces, which cost
$155,930,940.84. Between the 1st day of March, 1873, and the 1st day of
November, 1893, the Government purchased under all laws 503,003,717
fine ounces of silver, at a cost of $516,622,948. The silver dollars
that have been coined under the act of July 14, 1890, number
36,087,285. The seigniorage arising from such coinage was
$6,977,098.39, leaving on hand in the mints 140,699,760 fine ounces of
silver, which cost $126,758,218.
Our total coinage of all metals during the last fiscal year consisted
of 97,280,875 pieces, valued at $43,685,178.80, of which there was
$30,038,140 in gold coin, $5,343,715 in silver dollars, $7,217,220.90
in subsidiary silver coin, and $1,086,102.90 in minor coins.
Public-domain text, read in full here on John Shaqi.
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