Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1811-11-28

amount Of receipts into the Treasury during
the year 1912 on account of duties on mcr-
chandize and tonnage; the portion OF the re-
venue arising from importations subsequent
to the present year, which will be received IN
1912, being considered sufficient to pay the de-
bentures and expenses Of collection OF that
year.
The payments made by purchasers OF pub
lie lands north of the river Ohio, having dur
ing the two last years after deductingthe ex-
penses and charges on that fund amounted to
near 100000 dollars year that branch OF
revenue NAV for the present be estimated at
that sum. Allowing one hundred thousand
dollars for the other small items OF revenue,
whic h consist principally of arrears and repay
ments, the whole amount of actual receipts IN
to the Treasury during the year 1912, may
therefore be estimated at S8,2oo,ooo
The current expenses for the same year
are estimated as followeth, viz.
l. Expences of civil nature
both domestic and foreign 100000
2. Military and Naval establish
ments according to the esti-
mates of those two Depart
ments, and including the
additional permanent appro-
priations for the purchase OF
arms, and for Indian annui-
ties, viz.
Army Cnclnding $4,000
dollars for militia) 2,5Sl,ooo
Arsenals, arms and
ordnance $4,000
NsSal department 100000
Indian department 10000
3. Interest on the public debt 2,225,ooo
Amounting together to Ss,4oo,ooo
And exceeding by 100000 dollars the
probable amount of receipts. This deficit may
be paid out of the sum Of three millions OF
dollars in the Treasury. But under existing
circumstances, it does not seem eligible to
exhaust that fund (; & the estimate of receipts
being also liable to more than usual uncertain
ty, the propriety of authorising loan sufici-
ent to supply that difference, and to defray
such other extraordinary expenses as may be
incurred during the year, is respectfully sub
mitted.
1t must at the same time be observed that
the sum of 100000 dollars, thus stated as
the amount of current expences for the year
1919, includes in fact a portion of extraordi
nary expences arising from the present state
of affairs. For if the military and naval ex-
penditure had been estimated at sum not
exceeding the amount actually expended for
those objects during the year ending Oh the
SOth of September 1911. that is to say, at
100000, instead of 5,ooo,OOe dollars, the
estimate of receipts would exceed that OF
current exrcnces.
The disbursements on account
of the naval establishment have
amounted in the year ending on
the Soth September, 1910, to Sl,675,ooo
And in the year ending on the
soth September, 1911, to 2,ls6,Ooo
They are estimated for the year
1919 at 1850, 1000
The disbursements on account
of the military establishment have
amounted in the year ending on
the 5oth September 1910, to 2,3o9, 900
And in the year ending on the
5oth 1911 to e,l2s,ooo
They are estims.sl for the year
lsl2at 3,le5, 600
But the detailed annual estimates for the
wear 1912 Will show that they are predicated
on the employment OF almost the whole of the
naval force, and of the whole military es.ab-
lishment of the United States, as authorised
by law, covering, besides several other items,
all the expence of more than IL: 900 effective
men In the land ard sea service.
With respect to the payments on account
of the principal, of the debt it is evident that an
authority to borrow sum equal to that which
will be reimbursed during the year 1912, will
be necessary. The payments which, accord
inn, to law. must be made during that year on