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Richardson, James D. (James Daniel), 1843-1914

"Volume 7, part 1: Ulysses S. Grant"

21
Balance in Treasury June 30, 1872 106,564,356.94
______________
Total 484,042,573.15

From the foregoing statement it appears that the net reduction of the
principal of the debt during the fiscal year ending June 30, 1872, was
$99,960,253.54.
The source of this reduction is as follows:

Net ordinary receipts during the year $364,694,229.91
Net ordinary expenditures, including interest
on the public debt 270,559,695.91
______________
Leaving surplus revenue 94,134,534.00
Add amount received from premium on sales of
gold, in excess of the premium paid on bonds
purchased 2,454,370.89
Add the amount of the reduction of the cash
balance at the close of the year, accompanied
with same at commencement of the year 3,371,348.65
______________
Total 99,960,253.54

This statement treats solely of the principal of the public debt.


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