Reventie

In 1793 the revenue of the Federal Government was $4,600,000; in 1813, $14,300,000; in 1833, $33,500,000; in 1853, $61,- 600,000. During the war it rapidly rose until it attained its maximum; in 1866, $520,000,000. Thence it declined, until in 1878 it was $257,- 400,000, During the ensuing decade it averaged about $340,000,000. In the fiscal year ending June 30, 1893, it was $461,700,000. In every year the largest item in these receipts has been customs revenue. In war times and since the Civil War internal revenue (see art.) has been large. Sales of public lands have been a large source of revenue at times, especially just before the panics of 1837 and 1857. 166