US Presidency
1858

Extraordinary means are placed by law within the command of the Secretary of the Treasury, by the reissue of Treasury notes redeemed and by negotiating the balance of the loan authorized by the act of June 14, 1858, to the extent of $ 11,000,000, which, if realized during the present fiscal year, will leave a balance in the Treasury on the 1st day of July, 1859, of $ 7,063,298.57. The estimated receipts during the next fiscal year, ending June 30, 1860, are $ 62,000,000, which, with the afterdinner balance of $ 7,063,298.57 make an aggregate for the service of the next fiscal year of $ 69,063,298.57. The estimated expenditures during the next fiscal year, ending June 30, 1860, are $ 73,139,147.46, which leaves a deficit of estimated means, compared with the estimated expenditures, for that year, commencing on July 1, 1859, of $ 4,075,848.89.