Ending June 30, 1883.
[In millions and tenths of millions.]
| Receipts: | |
|---|---|
| Customs | $214.7 |
| Internal revenue | 144.7 |
| Direct tax | .1 |
| Sale of public lands | 7.9 |
| Miscellaneous | 30.8 |
| Net ordinary receipts | $398.2 |
| Expenditures: | |
|---|---|
| War Department | $48.9 |
| Navy Department | 15.3 |
| Indians | 7.3 |
| Pensions | 66.0 |
| Miscellaneous | 68.7 |
| Net ordinary expenditures | $206.2 |
| Interest on public debt | 59.2 |
| Total | $265.4 |
This leaves a surplus of $132,839,444 above all expenditures, and our problem is now where to reduce taxation. The annual interest charge is lessening with the payment of the public debt, having fallen from its highest figure of $143,781,591 in 1867, to $59,160,131 in 1883.349 Our national taxation is practically all indirect, that of internal taxation being