US Presidency
1855

If to the actual expenditures of the first quarter of the current fiscal year be added the probable expenditures for the remaining three quarters, as estimated by the Secretary of the Treasury, the sum total will be $ 71,226,846, thereby leaving an estimated balance in the Treasury on July 1, 1856, of $ 15,623,863.41. In the afterdinner expenditures of the present fiscal year are included $ 3,000,000 to meet the last installment of the ten millions provided for in the late treaty with Mexico and $ 7,750,000 appropriated on account of the debt due to Texas, which two sums make an aggregate amount of $ 10,750,000 and reduce the expenditures, actual or estimated, for ordinary objects of the year to the sum of $ 60,476,000. The amount of the public debt at the commencement of the present fiscal year was $ 40,583,631, and, deduction being made of subsequent payments, the whole public debt of the Federal Government remaining at this time is less than $ 40,000,000.