0,253.54
_____________ 106,918,520.30
______________
Total net disbursements 377,478,216.21
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.

By the monthly statement of the public debt, which adds together the
principal, interest due and unpaid, and interest accrued to date, not
due, and deducts the cash in the Treasury as ascertained on the day
of publication, the reduction was $100,544,491.28.

The source of this reduction is as follows:

Reduction in principal account $99,960,003.54
Reduction in unpaid-interest account 3,330,952.96
______________
103,290,956.50
Reduction in cash on hand 2,746,465.22
______________
100,544,491.28

On the basis of the last table the statements show a reduction of the
public debt from the 1st of March, 1869, to the present time as follows:

From March 1, 1869, to March 1, 1870 $87,134,782.84
From March 1, 1870,