rh. Us. Revenue.
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The following statement exhibits an aggregate |
Pevenue ofover NINE MILLIONS OF DOLLARS for the
second quarter o. the year 1874, being az the rate
Of THlRrY-SIx MILLIONS PER ANNuM. The re-
CENTS of the first quai ter were pros.abiy heavier,
and those OF the third will be at least as heavy.
while those Of the fourth Will iall off. The whole
income Of the year ysil hardly fall below
Thitty.Six Millions, VIII ch will afford surplus
OF some Fifteen Millions oil Dollars to apply 10
.i,c payment OF the Pu'o Die Debt Such are the
irpjts Of Protective Tariff. Under i Reuehus
Tariff. We ran il, debt; 4 Protective Tariff iur-
nishes the means ofps.ying Of hatdebt at the rate
Of Fifteen Millions in a single year, without lay
ing the weight of feather on any man. On the
contrary, Laoe,- is better employed and better
paid, Business is better, and the People gener-
alIy have better times end brighter prospects than
they had under the lowest duties.


"Bu. we shall have too much Revenue, object
those wi % one little year ago insisted that we
could not raise enough under this Tariff, and
must red oce the duties to save the Treasury from
b.nkruptt ". They are just wrong again. The
Imports t. nd Revenue OF next year will not be 50
heavy as those OF this year. The market was
quite bare at the opening Of this year, and the
caoacity to purchase erllarged we are now be-
ginning TO make mary articles that we have
nj, herto imp orted, and will make more and more
auch ey ery year if the Tariff is maintained.
Probably the surplus of 545 will just about suf-
fee to pa Y off or provide lo1 the balance of the
Debt. Then let the Land Proceeds be dstr-
bc,e6 to he States, and, if the Tariff still affords
:. su-pi US, let the duties be reduced such art-
cles as do not come IN competition with our own
Industry. But this is i distant contingency.


TREASURY DEPARTMENT. July 90 1874.


THE fot wing statement, published III compl-
.nce with the provisions o the 9th section of the
act of Cong. .ess entitled can act making appro.
nr;,tions for the Civil and Diplomatic expenses OF
C;oyeru1nent for the fiscal year ending the 30th
June. 1915 nd for other purposes" Is made out
as correctly as it can be done from the rethrns
cciyed. and it is believed will be found 10 vary
little from the i,o ct Oh the adjustment Of the &C
count, !or The ID quarter, lo44.


The receipts IL 10 the Treasury for the quarter
ending the 3oh j ailc iaS' ifoa oil sources, Wcfe
as follows, VIZ


From CUSTOMS. ---------so,9Il,OO ,OOO oV
Lands Observation-Disclosures. 5O0,50O 00
a Nlscell aneo,us sources..---.- $4,000 10
Treasury Notes per act lol3--- 2o,OUO OO


TOTAL S9,O4G,5OO 90





The payments rnade du ring the same period were,
On account OF civi misc, .aneous and foreign inter-
0 course s ,230778 60
On accuunt of A rmy including mis-


ceiIaneous 81, ,2lG,97S %
u DenarIincnt r ......... 95,2i9 II
On account Of Ferthca-


lions .............-. 1852 Al
on account of Pensions 23i998 IS


0' "'''''''> - IG9297S so
On account of Navy 1300i3l %
On account of Interest and Public Debt 537 ,9O8 Go
On accoun, OF Reimbursement and ln-


rerest on Treasury Notes ........ lO63, 1888 81


Total 5876. .030 63


