564
UNITED STATES.
under the name of ' Internal Revenue.' The national expenditure, too, is mainly on account of two branches, the maintenance of an armed force by land and sea, and payment of interest of the public debt, incurred by the civil war of 1861-66. Roughly stated, the produce of the customs discharges the cost of army and navy, and that of internal revenue pays the interest of the debt. The cost of the general administration, including the expenses of the executive and legislature, provided for under the head of ' Civil Service,' is comparatively small.
The following two tables exhibit, in dollars and pounds sterling — converted at 5 to 1 — the total revenue and expenditure of the United States in each of the five fiscal years, ending June 30, from 1866 to 1870. In the report of the Secretary of the Treasury, after which the tables are drawn up, the financial accounts for the year ending June 30, 1870, are presented as partly on the basis of actual receipts and disbursements, and partly official estimates : —
Revenue
Expenditure
Tears, end- ing June 30
Dollars
£
Years, end- _. „ ingJuneSOj D ° nars
£
1866 1867 1868 1869 1870
447.831,025 399,265,465 335,509,655 370,943,747 394,831,622
89,566.205 79,853,093 67,101,931 74,188,749 78,966,324
1866 1867 1868 1869 1870
408,409,535 288,166,305 308,868,860
321,490.597 294,730,514
81,681.907 57,633,261 61.773,772 64.298,119 58,946,103
The following statement gives, in dollars, the actual revenue and expenditure of the fiscal year ending June 30, 1869, the partly actual and partly estimated receipts and disbursements of 1870, and, finally, the estimates of the Secretary of the Treasury for 1871:—
Revenue.
Sources of Revenue Fiscal Years ending
June 30, 1869. Actual
June 30, 1870.
Actual and estimated
June 30, 1871. Estimates
Customs . Internal revenue Land sales Miscellaneous .
Total .
Dollars
180,048,426
158,356,460
4,020,344
28,518,517
Dollars
187,598.921
174.926.352
4.893,864
27,412.485
Dollars 185,000,000 175.000.000
5,000.000 28,000,000
370,943,747
394,831,622
393,000,000
