Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1809-06-09
Naval Department, this
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| 14,5OO, 900
! 1t must, however, he observed that the
estimate in the sums payable in the course
OF this year on account of drawbacks is
Jconisc.uTal, and that the expectations par
icu!arly of colonial produce would, if the
Restrictions laid by the Continental powers
of Europe on neutral commerce were re
moved, produce much greater defalcatioh
IN the nett receipts into the Treasury than
the sum assumed in the preceding esti-
mate. In order to guard against any in.
convenience arising from that con,ingen.
cy, and tor the purpose of keeping alway
a moderate sum in the Treasury, il may be
necessary to borrow SUM equal to the
amount OF the principal of public deb,
which will be reimbursed during the year
and which will exceed three millions oil
! dollars.
by the 10th and 10Th sections of the a@
making luether provision for the supporl
oil public credit, and for the rede mption oil
.he public debt, passed on the 9rd March
! 1875, the commissioners of the Sinking
! Fund are authorised from time TO time 10
borrow and the bank OF the United States
10 lend sums equal to- the reimbursement
ot the public debt. But some doubts ha
wing arisen whether toe powers vested By
those two sections are applicable To the
new SIX per cent. stocks issued by virtue
OF the act OF February Il, 1907. in ex-
change OF the old six per cent. deferred
and three per cent stocks, it is desirable
that the authority should be expressly ex.
tended by law to that case. And 40 Other
provision seems nece 5sary for the public
service of this year.
| IL would be premature to attempt a, ,his
time an estimate of the receipts and ex
pendiiures of the year 1910. 1t is suffi
cient to observe that, although the rece;p,
may exceed those of the present wear
II Is highly improbable that they should
be equal to the expenditures OF ina, wear
which, unless the military and naval es
| adjustments should be reduced, will a
mount to sixteen millions IF dollars. Bu;
1t is believed ,hat the revenue will afe,
that year be adequate 10 the discharge oil
the annual expences.
All which is respectfully submit.
ted ALBERT GALLATIN.
Treasury DEPARTMENT,
| jane |, 1909.
" 70 'Ct"C' /fo|H u ,Sc'tb(CNfIH o;
high rcshecfa6iiify 20 member Of Cyn.
sress, dated So. Louis, L. I'd 5lqy
| lOfh 1909.
The tranquility of the people in this
Territory has of late been disturbed from
fear of Indian hostilities. Fort Madison,
on the Misslsiipp and in the Indian coun.
try, was threatened 10 be attacked. ryo
companies of militia marched 10 reinforce
1t, and three more of volunteers have
made this place their head quarters for
several days past, waiting marching or
ders. The general court opened, and ad.
Journed enc die--no business was DONE
bui The danger is happily over; the mi
ita are returning 1.-The volunteers have
rs'orned, and the people are returning TO
heir hab'tations and 70 thcir senses. The
Governor deserves Credit for his zeal and
exer'ioDs To defend the Country"
TIE foAoVoing is an extract ofa letter Jrom
Chrisfohher Greenu1, Esg. late Governor
Of Kenfucky, 10 a gentleman in fhis Gin
dated May 80:
" am happy to inform you that by
letters lately received from Kaskaskias,
we learn that the alarm Of Indjan war
has sUbsIded.''