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The receipts of the current year are estimated at $24,602,230 and the expenditures for the same time at $26,164,595, leaving a balance in the Treasury on the 1st of January next of $4,410,070.81.
From this we can gather that $20 at five per cent. compound interest for 700 years, would buy all the earth, mountains, and swamp lands, and water, at $80 per acre. If it were desired to pay this in gold, 23.2 grains to the dollar, then taking spheres of pure gold the size of the earth, it would take 610,070,000,000,000,000 to pay for that cent.
The commission put forth 10,070 interrogatories relating to everything connected with the army, the persons and the matériel, to officers, surgeons, physicians, health-officers, soldiers, nurses, cooks, clothing, food, cooking, barracks, tents, huts, hospitals, duties, labors, exposures, and privations, and their effects on health and life, in every climate, wherever British troops are stationed or serve, at home and abroad.
The expenditures for the fourth quarter as estimated will amount to $7,290,723.73, thus making a total of $32,025,070.70, and leaving a deficit to be provided for on the 1st of January next of about $627,557.90. Of the loan of $12,000,000 which was authorized by Congress at its late session only $5,432,726.88 have been negotiated.
The Commission of 1809 on the reclamation of the bogs of Ireland returned as improvable: 1,576,000 acres of flat bog; 1,254,000 acres of mountain top bog; 2,070,000 acres of convertible mountain bog. 4,900,000 acres in all. "Waste Lands of Ireland: Suggestions for their immediate reclamation, as a means of affording reproductive employment for the able-bodied destitute.
It will be perceived that the revenue from customs for the last fiscal year exceeded by $757,070.96 the estimate of the Secretary of the Treasury in his last annual report, and that the aggregate receipts during the same period from customs, lands, and miscellaneous sources also exceeded the estimate by the sum of $536,750.59, indicating, however, a very near approach in the estimate to the actual result.
While most of the Army is well housed, some of it which is quartered in wartime training camps is becoming poorly housed. In the past three years $12,533,000 have been appropriated for reconstruction and repairs, and an authorization has been approved of $22,301,000 for new housing, under which $8,070,000 has already been appropriated.
There were in the treasury 17,410 Roman pounds of gold, 22,070 pounds of uncoined, and 18,230 pounds of coined, silver. The legal ratio of gold to silver was: 1 pound of gold = 4000 sesterces, or 1: 11.91. On this was based the actionable character of contracts of buying, hiring, and partnership, and, in general, the whole system of non-formal actionable contracts.
"Germany published 11,315 works of all classes in 1873, 12,070 in 1874, 12,516 in 1875." We rub our hands over statistics like these, because they check any mad ambition to master German contemporary literature; and besides, there are "1,622 newspapers and periodical publications in the German empire."
When such States as New York, Pennsylvania, Ohio, and Illinois, with respectively 3,070, 3,681, 2,603, and 2,568 post-offices, are taken into consideration, some idea may be formed of the work required in preparing a system of distribution, the vigilance required to keep pace with the frequently changing schedules, and the study of the clerks to properly carry its requirements into effect.
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