Martinsburgh gazette. [volume] (Martinsburgh, Va. [W. Va.]) 1810-1825, 1815-02-02

%" 30 '''S - SlAAe o. 1919 and "a a.:
. the actual receipts and disburs ,.scats AZ
9 the treasury, during that year, Il i nso-
4" per 10 add, statement Of the re.rl,
4" showing the condition Of the treasure >,
" the end Of the year 1914. in relatian -
= the anSGttsfsd demands and the unsx.
. pended ways and means"
These GHsGtisfsd dem ands consisted Ar
the balances OF appropriations for the feI'
lowing objects:
Civil department $50 oe-
Miscellaneous services 2s5 6ao
Diplomatic Department $50 gte
Military Department casa sqa
Naval Department 44fa9El
| Public Debt 3As1qQi
| which gives an amount Of nineteen c;ll;,,.
| of dollars due by the government. and
which it was, and is unable to pay. eyeI,,
| sive of the uniIquidated w ar debts.
The unexpenced amount OF ways -
means provided Tor 1914 was Is mjlEens
and upwards. Oh this there vas on ~.
lst jan 1918, estimated be cash ~ ~.
treasury S!,75i Gl2 ~
Uneolieeted and outstanding l5ooooe
The residue OF unexpeuded wsys ans
means, consists otaaegr:Ute,i deShoy ia, =.
Cof"oSo money and to issue treasury natas.
which to be sure Is vast source az t,aol,t-
and credit s"''t
Speaking OF the unsatisied demands and
unexpended ways and means. Dir Dali,
gives aloose 10 his frank ness. it znnst 81
. ways be recolecsed that the demand. sra
positive and urgent, while great ,an
7" ton OF the ways and means rest en- 49,.
carioas foundation.
The demands 'sposttiue and uyeent, :,
their nature amount to SielSoo-,
The cash in the treasury and Tho ~.
standing revenue amount only To 6 o3Aofo
And the government is of course bank
rupt, having stopped payment for the de.
ference between these two Gums The Sc.
eretafy pruceeds 10 STATE that government
must depend for the payment Of this snrD,
which now lies over. LIST, on the success of
raising money by loan, End, by issues of
treasury notes under an onexecuted authori-
ty 80 1T plainly appears, by confession Of
the government, that the pressing and ur.
gent demands for the gear that res Bo,.
aed, cannot be paid For the army M.
wards OF nine millions, navy more than
five miihons the public debt itself aD,yarfs
OF three millions, for all which there il -,
other resource but authority to borrow. i
any one Will lend. and authority 10 <sre
treasury notes if any body will take thrr,
Such are our bright prospects in the l,5fh
year oil the reign Of democracy, which U.s.
to secure peape, prosperity and baoninoes
to the nation, the like Of which no reopla
before ever was acquainted with.
MIR. Dallas goes on to estimate the exe
penses for the year 1915. His result, which
we believe will fall short of The reality. il
tttysaG millions. To meet this enor.
NOUS sum, he gives the following estimate
of ways and IN cans.
An excess Of appropriations
for the year 1914, over
expenditures, THAT is to
say if all the powers to
loan during 1914, shall
be executed, there will
be for the service of
1918 IS e75 600 s5
!mpost duties on goods inn
ported 1000 COO
Direct tax collected in 1916 1000 600
Internal duties 1850. 900
Sales OF public lands 100000
Misc ellanecus receipts 100000
rnose sums added make
the existing sources Of
supply 1925, 600 81
Making deficit in the cur
rent year of 4o,906. 1914 Sc.
which is proposed by the Secretary 30 be
provided for by additional taxes, loans
ana treasury notes.
The taxes lie proposes are, one d0UGr
Gu euery barred Of aDheat .foa;r.
An income tar.
On inheritances and devises.
On bequest, legacies and statutory dis
tribUtions.
On al! ;ostamenfary instruments and let
ters OF administration.
On legal proofs and proceedings in tie
courts vt The u. States.
On conveyances, mortgages, &c
These additional taxes are TO yield i've
millions.