Page:Statesman's Year-Book 1921.djvu/520

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UNITED STATES

Revenue

1021 1,000

1922

Expenditure

1921

1922

1,000

1,000

1,000

Dollars

Dollars

Dollars

Dollars

Dept. of Agriculture. .

144,748

53,739

Estimated public]

Dept. of Commerce. .

19,942

29,976

debt receipts. '

60,193

60,200

Dept. of Labour. ..

4,912

10,835

Dept. of Justice. ..

15,288

18,006

interstate Commerce

Commission. . ..

4,693

5,574

District of Columbia. .

19,478

26,419

Interest on the public

975,000

922,650

mated receipts.!

5,799,75S

4,919,730

Ordinary. . ..

3,213,042

4,068,449

On June 30, 1920, the cask balance iu the Treasury, inclusive of reserve fund (152,979,025 dollars) and trust funds (704,637,755 dollars), after deducting current liabilities, amounted to 359,947,020 dollars.

National debt on the 1st of July at various periods from 1870 : —

Tear

Capital of Debt

1870 1880 1900 1910

Dollars 2,480,672,427 2,120,415,370 2,136,961,092 2,652,665,838

Year

Capital of Debt

Dollars

1916

3,057,836,873

1918

12,243,628,719

1919

25,482,034,418

1920

24,297,918,411

The gross debt was made up as follows : — Debt bearing no ^interest, 230,075,349 dollars ; debt on which interest has ceased, 6,747,700 dollars ; and interest-bearing debt (between 2and3f percent.) 24,061,095,361 dollars. The net debt — that is, what remains after deducting the cash in the Treasury— was 23,939,971,391 dollars on June 30, 1920.

In 1900 the true value of property was estimated at 88,517,306,775 dollars ; in 1904, at 107,104,192,410 dollars, and in 1912 at 187,739,071,090 dollars.

State Finance.

The revenues required for the administration of the separate States are de- rived from direct taxation, chiefly in the form of a tax on property real and personal ; ami the greater part of such revenue is collected and expended by the local authorities, county, township, or school district.

For details see the separate States.

Defence. I. Army.

The Army of tli« United States, as authorised under the Act of Congress ill June 4, 1920, consists of the Regular Army, the National Guard while in the service of tbe United States, and the Organised Reserves, including the Ollicers Reserve Corps and the Enlisted Reserve Corps.

Original enlistment in the Regular Army is for a period of one or three years at the option of the soldier, and re-enlistments are for a period of three years. Men who are in the service at the outbreak of war, or enlist during