The report of Secretary of the Treasury Mellon, if it came entirely from his own hand, would convict him of being nearly as prolific a penman as H. G.
Wells. His report contained 350
printed pages and much information. RECEIPTS FOR 1923-24 IN PERCENT
(1% = about $40,000,000)
Income Tax 45.92%
Other Internal Revenue 23.75%
Customs 13.60%
Foreign Debt Payments 5.53%
Income from Securities 2.59%
Sale of Surplus Material 1.17%
Trust Fund Receipts 76%
All Other 6.68%
100.00%
Total, $4,012,044,701
EXPENDITURES FOR 1923-24 IN PERCENT
(1% = about $35,000,000)
Interest on Debt 26.82%
Other Debt Retirements 13.06%...
