Leaving a surplus revenue of $132,879,444.41, which, with an amount drawn from the cash balance in the Treasury of $1,299,312.55, making $134,178,756.96, was applied to the redemption—

Of bonds for the sinking fund$44,850,700.00
Of fractional currency for the sinking fund46,556.96
Of funded loan of 1881, continued at 3-1/2 per cent65,380,250.00
Of loan of July and August, 1861, continued at 3-1/2 per cent.20,594,600.00
Of funded loan of 19071,418,850.00
Of funded loan of 1881719,150.00
Of loan of February, 186118,000.00
Of loan of July and August, 1861266,600.00
Of loan of March, 1863116,850.00
Of loan of July, 188247,650.00
Of five-twenties of 186210,300.00
Of five-twenties of 18647,050.00
Of five-twenties of 18659,600.00
Of ten-forties of 1864133,550.00
Of consols of 186540,800.00
Of consols of 1867235,700.00
Of consols of 1868154,650.00
Of Oregon War debt5,450.00
Of refunding certificates109,150.00
Of old demand, compound-interest, and other notes13,300.00
______________
Total134,178,756.96

The revenue for the present fiscal year, actual and estimated, is as follows:

Source For the quarter ended September 30, 1883 (actual) For the remaining three quarters of the year (estimated)
From customs$57,402,975.67$137,597,024.33
From internal revenue29,662,078.60 90,337,921.40
From sales of public lands2,932,635.17 5,067,364.83
From tax on circulation and deposits of national banks1,557,800.88 1,542,199.12
From repayment of interest and sinking fund, Pacific Railway companies521,059.51 1,478,940.49
From customs fees, fines, penalties, etc. 298,696.78 901,303.22
From fees—consular, letters patent, and lands863,209.80 2,436,790.20
From proceeds of sales of Government property112,562.23 167,437.77
From profits on coinage, etc.950,229.46 3,149,770.54
From deposits for surveying public lands 172,461.31 327,538.69
From revenues of the District of Columbia 256,017.99 1,643,982.01
From miscellaneous sources1,237,189.63 2,382,810.37
____________ ____________
Total receipts95,966,917.03 247,033,082.97

The actual and estimated expenses for the same period are:

Object For the quarter ended September 30, 1883 (actual) For the remaining three quarters of the year (estimated)
For civil and miscellaneous expenses, including public buildings, light-houses, and collecting the revenue $15,385,799.42 $51,114,200.58
For Indians 2,623,390.54 4,126,609.46
For pensions 16,285,261.98 53,714,738.02
For military establishment, including fortifications, river and harbor improvements, and arsenals 13,512,204.33 26,487,795.67
For naval establishment, including vessels and machinery, and improvements at navy-yards. 4,199,299.69 12,300,700.31
For expenditures on account of the District of Columbia 1,138,836.41 2,611,163.59
For interest on the public debt 14,797,297.96 39,702,702.04
_____________ ______________
Total ordinary expenditures 67,942,090.33 190,057,909.67
Total receipts, actual and estimated $343,000,000.00
Total expenditures, actual and estimated 258,000,000.00
______________
85,000,000.00
Estimated amount due the sinking fund 45,816,741.07
______________
Leaving a balance of 39,183,258.93

If the revenue for the fiscal year which will end on June 30, 1885, be estimated upon the basis of existing laws, the Secretary is of the opinion that for that year the receipts will exceed by $60,000,000 the ordinary expenditures including the amount devoted to the sinking fund.

Hitherto the surplus, as rapidly as it has accumulated, has been devoted to the reduction of the national debt.

As a result the only bonds now outstanding which are redeemable at the pleasure of the Government are the 3 percents, amounting to about $305,000,000.

The 4-1/2 percents, amounting to $250,000,000, and the $737,000,000 4 percents are not payable until 1891 and 1907, respectively.