Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-12-12

upon CfsssiS \
on i'll the energy, of the LegislatIveau tho-
rity. Its effects, if unresisted, OF iffos-
tered by temporising disposition on the
part of the government, must be to en-
barrass the Bank of the United States in
the onset; to confne the issues of the
notes oftlic National Bank To the amount
of the coin In its vaults; to deprive the
people of the means OF complying with the
resolution of Congress, for the collection
of the revenue IN coin; and to preserve
to the State Banks AN illegitimate con-
troll over The money and CURRENCY of the
nation. To the wisdom, patriotism. and
virtue of Congress, therefore, an appeal
must be niade; nor CAN'T he supposed
that the Stateauthorlties will remain in
sensible toso calamitous state of thinos.
The powers of the government, vigorous
lv and steadily exercised, are ample for
, redress and relief, and it is vet to be hon
ed, that the State Banks will perceive and
AVOID the ruinous consequences, to which
the threatened conflict inevitably exposes
| them.
The second instalment of the subscr;n-
| ton To the bank of the United States be-
ing pad the price of gold and silver be-
ing obviously ma rapid course of reduc-
ton; the means possessed by the hanks
L
faithfully applied 10 that object: spiuf
of mutual cancellation and good will ar
tuating the national and State institute
ons: and IN short, a solid foundation for
pubic confidence being thus laid, what
have The State Banks TO apprehend from
return 10 com payments, when the Ma
tiohai Bank shall commence similar ay
mshts, (say IN January next or when 81
mi'ar payments shall be exacted from tbr
people, in the collection of dufics and
taxes, on the Goth of Feb. which win not
beequaily operative on the LIST of.JuIv 1877 .
The sincerity and the honour of the d;-
rectors OF The State banks, who have pro-
posem theiastdate as the proper period for
the MISREPRESENTATION contemplated will
not eimpeached Ordoubted: but there !.
no legal opllgatIonto conform TO the pro-
position; and the occurrence of new Incl
dents, or the perception of Other r;nns
may hereafter he thought to iust;fv !,
change OF council and of conduci Tberc
Is then no security for the government
or the community, but in The infexible
adierenceto the system which Congress
has adopted. e''
Having reviewed the general course of
the Treasury, as connected the stare
OF the currency, it bccomes proner fo ex-
hlDit, more particularly the fiscal results
LIST IN relot'an to the appropriations and
payments tor the yeas 1916; 2dly, in re-
tttlon 10 the receipts at the Treasure 81,
iSl6 3dlv, IN relation to tile public debt.
and 4thlv, in relation to the miscellane-
Gus business ofthc department. Ttmmst
however, be remembered, that until The
accounts OF the Treasursf shall be fnallv
balanced and settled, the statemenfs
winch have been officially furnished hv
the register, for the immediate purnoses
OF me present report, are to be regarded
IN the light fcstimstes, subject t0 sucb
changes, as the ultimate examination of
The accounting officers may produce
But 1t is not believed that any essential
variance will occur. >-''S"'''''
lst. 0ftAe appropriations aud PAYMENTS t,,.
1916.
The demands authorized bv acfs of.,-
preparation to be made on the Treas,,r,,
for the year 1916, Gndependept Of the mn
satlshed balances of appropriations for
former years, not carried 10 the s,,rnIns
fund, amounted 10 the sum of
For the civil department, 70
reign intercourse, and IniscaIinD.
Gus expenses, the sum of
-. 3,5io,77o II
For the military de-
partncnt, 7,7t,250 75
| Arrearages
s,9s5,s72 90
For the naval estab-
| lishment, 4.204 or, M
FOR the pubic debt, S,000,eO0 90
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