Portland gazette and Maine advertiser. (Portland, Me.) 1805-1818, 1812-03-02

ported by the committee.
That the amount Of the principle of the
pubic debt which is reimburssbIe during
the same year, consisting 81 per cent. ds4
ferred and exchanged stocks, is
I'll. S2,l35. 900
And in the event Of stocks falling below
par Thereby imposing upon the Commis-
sioners Of the Sinking Fund MODIFICATION 20
purchase, in order 10 satisfy the annual ape
preparation Of eight millions of dollars foe
the reduction Of the public debt may. A.
mount to the further sum Of s. $40 600
Total amount of the principal Of the pub
lac debt which may become reimbursa5ls
daring the present year, = S5,775, 600
Which sum il is slso proposed 20 author
ize the Commissioners OF the Sinking Fund
&c borrow, comfortable 10 such bill as may
hereafter be reported.
That the ordinary expences Of govern
ment for the year 1873, may be estimated,
as for the present year, at about
$1,000, 900
To which must be added tie interest
then accruing on the loan proposed to be
authorised for the service Of the present
year.. estimating the same al SIX per cent.
amounting 10 go, 900
Making the revenue necessary 10 be pro-
vided, for paying the ordinary expences, and
interest on the loans for that year, and
leaving the extraordinary expences Of the
current year also to be provided for by loss,1
$1,000. 600
That the receipts into the Treasury from
the present sources of revenue during that
year, CALCULATING ON A STATE
OF WAR DURING a GREATER
PORTION OF THE PRESENT YEAR,
are estimated (conjucturalIy) at 100000
Leaving a deficiency 10 De provided for by
additional revenues, 70 De received during
that year, of Sc, $50, 0OO
Estimating the ordinary expences OF 1914
as tor the present year, ut about
And adding the iaterest accruing on
661, 900.
And also the interest then sccrsing on
the loan which IN all probability may De nee
essaFy to cover the extraordinary expenses
Ct 1913, and which il would not lie prudent
10 calculate at less than eleven millions,
$4,000
Making the revenue necessary 70 ce pro-
vided, for paying The ordinary exaences and
interest on loans for that year and leaving
the extraordinary expenses for The year al
50 to be provided for BY lnanI Sl0,32O.0Oo
Estimating the receipts into the treasury
from the present sources OF revenue durigSs
that year at SIS 100000
Leaving a deficiency to be provided for
by additional revenues TO be received du-
ring that year, of y 100000
Under this prospective vicw VA the imam
cial situation of tie government, IL became
in the judgment of the committee their i'm
perious duly, as we'll in reference 70 the 90
legations incumbent upon them from tie
general trust VITA which they were clothed.
IS also in Difference 10 that portion If the
message Of the President Of the United
States which had been specially referred e.
their consideration, 10 enter as early as pos
sible upon a system Of Nays and Means
calculated 70 provide areyenac, I" sufficient
u least 10 defrsy the ordinary expenses of
and 10 pay he interest onthe
public debt, including that oa new loaE5
which NAV be authorized"
Any provision falling short Of this requi-
'iiion, would, in the opinion of the commit
&c, b=t-ag an improvidence al the govern.
nent, tending I'd impair it, general cHArsc-
er, to sap the foundations Of ais credit, and
o snseeble is energies in the prosecution q
ne contest into ulich Il may soon ~ d.i Frn
4 defence Gifts unqaeslionable ris.- add
.,r sbr ~r-t.lEr-a 81 long continued - 4 r,~.t