Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-12-21
ANNUAL I AsIJRY REP OIsT.
IS 6oE1TNUeD. a

SUR 10 DC pUssCsoSu "a = $500, sg . "
INV of fhe local currenc Y Of the places a y
which the treasury notes, unsubscrioed,
and IN arrears, were payable by law. ex-1
cent IN the cities Of New-Y ork and Bos-3
Fan. the secretary Of the treasury pro-
|ceeded 70 assign funds for the payment OF
|tbe treasury notes, and to give notice
hereof. II, the form Of the annexed CO.
,;es marked respectively ii and In
pursuance Of the act of congress, passed
m tbe Sd Of March, 1915. As a sufh.
Client supply Of the local curreneies OF
Roston and N York had notbeen obtained,
The overture was made in the same no.
Itice. to discharge the treasury notes pay
liable in those cities and in arrears, by az
icepting themin subscriptions to the loan,
| at the rate of IS per cent by exchanging
Them for other treasury notes, in which
! the interest due should be included as
iprincipal: or by giving drafts for the a
lmeunt upon any of the banks, in which
Ithe government possessed funds. This
loverture is still open to the consideration
land acceptance of the holders Of the trea-
Isury notes in question and it has been
accepted, in the shape, of subscriptions to
The loan. to a considerable extent. Since
1.-The s0th OF September, these amount, in.
lcluling some subscriptions, the details OF
(which have not yet been completed, to
lmore than two millions of dollars.
Il H
( IF Ike transfer Of balances Of appropria-
! lions and Of rerenae from 1914 to 1915.
| In the administration of the finances
lit has been the practice to consider the
demands and supplies of each year, as
distinct subjects for legislative provision.
independent of the balances Of appropri-
lations. or of revenue, existing at the close
lof the preceding years. The same course
Twill now be pursued, but with few ex-
lplanatory remarks. The annual appro.
Ipriations have never been entirely alb
isorbed, during the year for which they
lwere made; and the credit given. by
Ilaw. fer payments in every branch Of the
Irevenue, necessarily introduces a discri.
limitation between the amount of duties
(which accrues within the year. as debt
ito the government; and the amount
(which is paid, within the year, as money
Into the treasury. The annual appropri.
tatlons, however, are not charged upon the
revenue of the year. specifically, in which
lthey are made and, in point ct fact
they are satisfied whenever demanded
Tout of any unapprorriated money in the
Treasury; without reference to the time.
iwhen the revenue accrued, or when the
money was actually receired at the trea.
IRrT.
The Inconvenience of continuing ap-
organizations in force, which were liable
Ito be drawn from the Treasury during an
Indefinite period. induced Congress to
lenact in the year 1895, that any appro-
|nriatcns except permanent aPproprla-
ltions for the interest of the funded debt.
Tor appropriations for the payment OF
loans, .ad the accruins interest Tor the
Sinking Fund and for purposes, which
ispeciaiiy require by law longer dura-
tion) remaining uneypended for more
lthan two years after the expiration OF the
tca'eDdar year, in which the act of appro-
Irritation was passed, should cease and de-
ltermine and that the unexpended sum
should be carried to an account on the
Ibosks of the Treasury, to be denOminat-
led I" the Surplus Fund.-" BY the opera
ition OF this provision, no ordinary ap-
importation can now survive the specified
Iper;od of TIVE years; aud notwithstand-
ling the formal designation of par'icu-
liar account, in which the entry shall be
made, the sum disengaged by the deter.
limitation of each appropriation, becomes
lagain an undistinsuishable part of the
cubic treasure, which is subject to the
Ifuture dispositions Of the legislature.
With these remarks, it will be useful,
For the purposes Of general information
Etoexhibt the gross amount of the balances
{5I apprepriations for the year l8i4trans-
'frsnea to the. year 1915. without entering
Fl i comparafive detail of the appro-
ll,si lens, and of the revenues, during
HIS tasyiS9lar year, in which the appro-
ians d 9ye made BY law. Thus,
rs gross N3pant of TIE
a1:,faI irm i6fS Tor 1914,
cl6afDg IS ssgregate H
81 hi ,1Ss II appro-
dffs the year
He'd to the
ss,'ssIs 55,e78,464 60