North America - Volume 2 By Anthony Trollope 




















































































































































 -   With us no payment is in truth made, though the post-office
in its accounts presumes itself to have received - Page 432
North America - Volume 2 By Anthony Trollope - Page 432 of 531 - First - Home

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With Us No Payment Is In Truth Made, Though The Post-Office In Its Accounts Presumes Itself To Have Received The Money; But In The States The Sum Named Is Handed Over By The State Treasury To The Post-Office Treasury.

Any such statement of credit does not in effect alter the real fact that over a million sterling is required as a subsidy by the American post-office, in order that it may be enabled to pay its way.

In estimating the expenditure of the office the department at Washington debits itself with the sums paid for the ocean transit of its mails, amounting to something over one hundred and fifty thousand pounds. We also now do the same, with the much greater sum paid by us for such service, which now amounts to 949,228l., or nearly a million sterling. Till lately this was not paid out of the post-office moneys, and the post-office revenue was not debited with the amount.

Our gross post-office revenue is, as I have said, 3,358,250l. As before explained, this is exclusive of the amount earned by the money order department, which, though managed by the authorities of the post-office, cannot be called a part of the post-office; and exclusive also of the official postage, which is, in fact, never received. The expenditure of our British post-office, inclusive of the sum paid for the ocean mail service, is 3,064,527l.; we therefore make a net profit of 293,723l. out of the post-office, as compared with a loss of 1,020,000l. on the part of the United States.

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