ded 28,035,697.25
———————
$44,790,862.25
The receipts were derived as follows:
Custom $ 1,437,399.96
War tax 10,539,910.70
Miscellaneous 1,974,760.33 $13,952,079.99
Loans, bonds, February, 1861 15,000,000.00
Bonds, August, 1861 22,613,346.61
Call certificates, December, 1861 37,515,200.00
Treasury notes, April, 1861 22,799,900.00
Demand notes, August, 1861187,130,670.00
One and two dollar notes 846,900.00
Due banks 2,645,000.00 $288,551,016.61
——August, 1861187,130,670.00
One and two dollar notes 846,900.00
Due banks 2,645,000.00 $288,551,016.61
————————
Total receipts $302,503,096.60
Such was the result presented by the treasury of a government that had been in existence only eighteen months. It commenced that existence without a treasury, and, without the sinews and the munitions of war, was in less than two months invaded on every side by an implacable foe. Its ways and means consisted in loans and taxes, and to these it resorted.
On February 28th I