Year. 1852. 1853 1854. 1855. 1856. 1857. 1858. 1859. 1860. 1861. 1862. 1863. 1864. 1865. 1866. 1867. 1868. 1869. 1870. 1871. 1872. 1873. 1874. 1875. 1876. Merchandise. $207,440,398 297,623,039 348,428,342 263,338,654 331,333,341 353,616,119 289,310,542 189,356,677 243,335,815 316,447,283 238,745,580 Specie. $5,505,044 $212,945,442 4,201,382 267,978,647 6,939,342 304,562,381 261,468,520 314,639,942 360,890,141 3,659,812 4,207,632 12,461,799 Total Imports. 282,613,150 7,434,789 338,768,130 8,550,135 362,166,254 46,339,611 335,650,153 205,771,729 9,584,105 13,115,612 252,919,920 329,562,895 248,555,652 9,810,072 434,812,066 10,700,092 445,512,158 395,763,100 22,070,475 417,833,575 357,436,440 14,188,368 417,506,379 19,807,876 541,493,708 371,624,808 437,314,255 462,377,587 is great difficulty in ascertaining the average rate of discount. But a careful estimate establishes the fact that the average discount for the whole period (eleven and a half years) under consideration was less than 20 per cent. In computing the aggregate of this debt, the par value of these securities must be ascertained, and as they sold at an average rate of at least 80 cents on the dollar, it follows that our debt to foreign nations, incurred in the past dozen years, amounts to about $1,150,000,000. Although there were no national securities held abroad at the commencement of our late war, yet some of the bonds of the Commonwealth of Pennsylvania, and probably of Massachusetts and other States, as well as railroad shares and securities, were owned in Europe. In the absence of accurate data on the subject, it is believed that fifty millions is an ample estimate for these ante bellum securities. With this addition, our aggregate foreign debt amounts to nearly Twelve hundred MILLION DOLLARS! -Monthly Report of the Bureau of Statistics for February, 1874. [It will be borne in mind that the foregoing is an unofficial estimate of the amount of the United States securities-national, state, municipal and corporation- held in foreign countries. The figures in the tables have, however, been taken from the records of the bureau, and are, therefore, trustworthy.] EDWARD YOUNG. Year. 1843.. 1844... 1845. 1846. 1847. 1848. 1849. 1850. 1851. 1852. 1853. 1854. 1855. 1856. 1857. 1858. 1859... 1860. 1861. 1862. 1863. 1864. 1865. 1866. 1867... 1868. 1869. 1870. 1871. 1872. 1873..... 1874. 1875. 1876.. 442,820,178 444,177,586 Total Exports. $84,346,474 111,200,046 114,646,606 113,488,516 158,648,622 154,032,131 145,755,820 151,898,720 218,388,011 209,658,366 230,976,157 273,898,000 275,156,846 326,964,908 362,960,682 324,644,421 356,789,462 400,122,292 249,344,913 227,558,141 $203,964,447 $ 64,156,611 268,121,058 158,837,988 105,396,541 264,234,529 166,029,303 67,643,226 233,672,529 348,859,522 86,044,071 434,903,593 281,952,899 93,784,105 375,737,004 286,117,697 57,138,380 343,256,077 392,771,768 58,155,666 450,927,434 98,441,988 541,262,166 79,877,534 524,055,120 84,608,574 607,088,496 646,856,926 59,699,686 706,556,612 579,367,543 73,857,129 653,224,672 540,338,693 56,506,302 596,844,995 The following figures show the debtor balances against and the creditor balances in favor of the United States each year for twenty-four years: 1866 1867 1868 1869 1870 1872 1873 1874 1875 1876 1866. 1867. 1868. 1869. 1870. 1871. 1872. 1873. 1874 1876. TABLE I-ANNUAL REVENUE AND EXPENDITURES OF THE UNITED STATES. Receipts of the Government from July 1, 1865, to July 1, 1876, inclusive- Net Revenue by Fiscal Years. Year. Total Year. Customs. $179,046,651 58 176,417.810 88 164,464,599 56 180,048,426 63 194,538,374 44 $309,226,813 42 266,027.537 43 191,087,589 41 158,356,460 86 184,899,756 49 143.098,153 63 130,642,177 72 113,729,314 14 102,409,784 90 110,007,493 58 116,700,732 03 1,973,589,621 26 1,826,185,813 61 206,270,408 05 216.370,286 77 188.089,522 70 Internal revenue. 163,103,833 69 157.167,722 35 148,071,984 61 Total expended. Direct tax. 290.345,245 302,633,873 274,623,392 Expenditures of the Government for the same period. For interest on debts. $133,067,741 131,034,011 140.424,045 Sales of public lands. 130,964.242 129,235,498 125,576 565 117.357,839 $665,031 03 2,575,714 19 1,852,428 93 22,790,357 60 Civil service. $41,056,961 51,110,027 56.471,061 69,234,017 69,498.710 60,984,757 73,328,109 69,641.593 69,100,884 Premium on loans and sales of gold. *Amount appropriated. $38,083,055 68 15,295,643 76 8,892.839 95 9,412,637 65 5,037,665 22 167,037,384 39 Pensions and Indians. $18.852,416 25,579.083 27.883,069 35,519,544 31,748,140 34,443,894 35,595,130 87.311.120 35,730,875 38,840,875 |
