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Updated: June 18, 2025
The present gratifying strength of the Treasury is shown by the fact that on December 1, 1899, the available cash balance was $278,004,837.72, Of which $239,744,905.36 was in gold coin and bullion. The conditions of confidence which prevail throughout the country have brought gold into more general use and customs receipts are now almost entirely paid in that coin.
Indeed, your committee believes that the public interest would be subserved if the Secretaries were relieved of the harassing cares of distributing clerkships and closely supervising the mere machinery of the departments. The Postal Savings Bank System has been extended so that it now includes 4,004 fourth-class post offices', as well as 645 branch offices and stations in the larger cities.
Government receipts from all sources for the fiscal year ended June 30, 1899, including $11,798,314,14, part payment of the Central Pacific Railroad indebtedness, aggregated $610,982,004.35. Customs receipts were $206,128,481.75, and those from internal revenue $273,437,161.51. For the fiscal year the expenditures were $700,093,564.02, leaving a deficit of $89,111,559.67.
If we express the world's indebtedness, the national debts, in the terms of our currency, as nearly as we can reduce the currency of other nations to such an expression, we find the national debts as follows, in 1890: Denmark $ 33,004,722 Great Britain 3,848,460,000 United States 915,962,112 Germany 1,956,217,017 Austria-Hungary $2,666,339,539 France 4,446,793,398 Russia 3,491,016,074 Italy 2,324,826,329 Spain 1,251,433,096 Netherlands 430,539,653 Belgium 360,504,099 Sweden 64,220,807 Norway 13,973,752 Portugal 490,493,599 Greece 107,306,518 Turkey 821,000,000 Switzerland 10,912,925 These debts aggregate $22,955,386,008
The author is indebted to Major General Sir F. Maurice, and Major G. Le M. Gretton, of the British Army, for extracts from the official records, from which it appears that, excluding provincial corps, not to be accounted regulars, the British troops in Canada numbered in January, 1812, 3,952; in July, 5,004. Giles, Annals of Congress, 1811-12, p. 51. June 13, 1812.
The outstanding capitalized value of the plant was $814,616,004, the income for the year was nearly $185,000,000, and the people employed were 140,000. If Edison had done nothing else, his share in the creation of such an industry would have entitled him to a high place among inventors.
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