US Presidency
1858

In addition to this sum the Postmaster-General will require from the Treasury for the service of the Post-Office Department $ 3,838,728, as explained in the report of the Secretary of the Treasury, which will increase the estimated deficit on June 30, 1860, to $ 7,914,576.89. To provide for the payment of this estimated deficiency, which will be increased by such appropriations as may be made by Congress not estimated for in the report of the Treasury Department, as well as to provide for the gradual redemption from year to year of the outstanding Treasury notes, the Secretary of the Treasury recommends such a revision of the present tariff as will raise the required amount. After what I have already said I need scarcely add that I concur in the opinion expressed in his report that the public debt should not be increased by an additional loan- and would therefore strongly urge upon Congress the duty of making at their present session the necessary provision for meeting these liabilities.