Winchester gazette. [volume] (Winchester, Va.) 18??-1826, 1821-12-22


ent year, we are well pleased, TO find that
within $50 900 dollars of it. The amount
Of the receipts into the Treasury for the three
first quarters of the year, added to the e.ti.
mated receipts for the fourth quarter, is
Sl4, SID 475-being somewhat more than q
million short OF the estimate made bv the
Secretary ofthe Treasury at the commence.
men' OF the last session OF Congress. The dis
agreement OF the estimate with the result 10
attributable TO the unexpected reduction of
the amount OF imports in the close of the la,t
year and the frat quarter OF the present, aud
TO the reduction IN the receipts from the
public lands and from, the dividend, on bapl,
stock. &c.
Iii agreeable to learn. however. that thu
customs secu' ed to the United States { uot
paid into the Tressury) in the ed and I'd
quarters Of the present year have exceeded in
amount the duties secured in the correspond.
ing quarters of the present year by upwards
OF million OF dollars, SO that the revenue i,
evidently improving from that source. A
the customs must, for half century to come.
probably, be the main reliance for revenue
the Information on this subject communica.
ted ny the report must be most agreeable
disappointment to those who hav. been
wailing, with great feeling, and we have no
doubt with great sincerity, the impendinr
bankruptcy OF the Treasury.
On the other hand, we do not think thu.
the Treasury is, al this moment, at all roo
rsch. The balance calculated to be in tho
treasury on the, hrst day of the NEXT v..t
Is 81 ,7T7 ,64S, subject to OUTSTANDING .i.;...ss
under appropriations made by law; but, as
the revenue will be daily accrsing to the
Treasury, as we suppose, in sufficient a.
mounts TO meet claims as they come in, we
suppose that, in effect, the unex pended an.
Preparations will not form demands on the
Treasury beyond its means to meet them.
however on The face of the law they NAV and
ought TO be so computed. Yet, say that the
balance in the Treasury is now, or will be on
The st dsy of January next, as stated, l,77O.
oOo dollars. The Secretary has not stated
what proportion Of this sum is unavailable
for the purpose Of paying demands on the
treasury. Having, at this time last year.
stated the facts this point as they then
stood, it is probable that it was not tho't ne.
cessary now to repeat them. = Last year the
amount OF special deposites, which could noe
be available daring the year, was stated ae
S6OO,OOo. That amount, we will venture
TO say, IS not since diminshed, but, on the
contrary, it is known TO he encreased by the
failure of the Bank of Missouri for Isl. 900
dollars; and it is probable. adding such mo-
ney received at the Land Offices, as has
since proved uncurreot, that the amount of
unavailable fuhds 10 not much short of a
million of dollars, exclusive of the amount
which is always in trdnsitu, between the
places Of collection and those of expendi.
ture.
The available funds in the Treasury, tbereA
fore, on the lst of Janusry next, If we are
right, will be considerably under million Of
dollars. This is running too near the wind.
To pursue the figure, it would be better. as a
general rule. to lose a little way than to run
the risk of laundering by rash seaman.hip. -
The amount in the Treasury, we should sup.
pose, ought never to be much less than two
millions of dollars, though q little interest
should be lost by keeping up that amount.
These observations, whether OF any weight
or not, DO not apply to the Secretary of The
Treasury, who, we remember, in his reports
10 Congress at the last session, insisted on a
loan of seven millions Of dollars for the ser.
vice OF this year, assigning the unavailable
funds reason FOR is being more than the
estimated deficiency for the yesr-statiDg
the lowest amount Of ready money that ought,
under any confederation, to remain in the
Treasury, at one million Of dollars. The.
committee of Finance, in the House Of Res
presentatves, thought the estimate Of Me
Secretary of the Treasury for the customs of
this year to be too low it has proved to be
too high by million Of dollars-and recom-
mended loan of 4 ,500.0CO dollars for The
service Of the year. The sum of 5 100000
finally agreed en-, wa the result Of q conpro-
mise Of opinions, sEd has proved 10 be not 6
cent too much, for the Secretary hss some
time ego been obliged 10 avail himself of the
hota a.l he, tax - o H,r.
rowed.
On the whole, though the aspect of thi.
| Report is very listtering and agreeable as TO
the future, we find in it strong mopitioD, &c
! fiDanciers, against sspguine calculations, and
| in favor of an abundant, rather than scsnty
| provisi Oh of means for defraying the public
| expences. On this head, one fact obtained
| from the rep oft is conclusive: If all the Dp
| preparations made by law had been callet
| for during the year, the Treasury would hsvs
| been deficient tdcductipg the unavailable
fupds) by somewhere about a million and 6
half Of dollars Of the means of paying them.
Ibid.
in the House of Delegates of Virginia, or
| the 9th inst. the following resolution was a
dop,ed, on The motion of MIR. Sherrard:
Resolved, That The Governor be re-
! qnested to cause TO be communicated tt
this House ali the proceedings had BY
the Executive end The Board nj Public
Works, under the act Of the last SEES.
sion OF The General Assembly, entitled
San net concerning the Potomac Com
paDy," together with nuy other iDfor'
mhtion in possession of the Executive
relative 10 the object contemplated b.
said act.
We hail tbi, as an acceptable omen Of IT.