Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1828-12-16

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lss leading duties So deeply do the finances of a
Hsate Always enter into the estimate ofs prospcrty
S!ten OF Its very existence that he has at no time felt
himself ut liberty to take restricted view of the Law,
commanding him to make an annual report to Con.
gress ION the subject of inance" but puts himself nm
on the Indulgence of that body for havinr coupled
WIN inns annual performances of his duty principles
ano recommendations which he believes eventna llv
calculated, in the language of that law to Improve
ana increase the finances of the Union.
Ihe Report will now proceed to state the receipts
d expenditures OF the past and present years us far
as ahcertaied, and estimate OF those iur the vc.
ensuing.
The actual receipts from all sources durinr the
Year 1927, amounted las will be seen in Docuincn
NO. y to twenty wo millions nine hundred and sixty
slx thousand three hundred and sixtvthree dollars and
ainety-Eix cents, which, with the balance in the IIrea-
sry on tie first Of Jan. of that wear of six million,
hundred aud hty-eight thousand six hundreda and
esuF-slS dollars ahd eighteen cents .ives an apur-
gate OF twenty nine millions three hundred and twen
ty-hve thousand and fifty dollars and fourteen cents
ofthe sum received as above, during 1927, the Gus
toms yielded upwards ofnineteen millions and n half
ind the sales of the public lands nearly one million and
halt. The expenditures OF the United States Tor
the same year, amounted to twcnty-tw millions six
Apndred and fhy-six thousand seven hundred and
sixty tour dollars and four cents. The same doom
ment will supply specification of the particulars
and show balance in the Treasury on the first Of
JANUARY 1923. of six millions six hundred and sixty
eight Thousand two hundred and eighty-sy dollars
and ten cents.
The actual receipts during the three first quarters
OF 1928, document No 81 are supposed to lave a.
mounted to eighteen millions six hundred and thirty
three thousand five hundred and eighty dollars and
twenty seven CENTS and those OF the fourth quarter
Is supposed VIII amount to five millions four hundred
aud sixty one thousand two hundred and eighty-thrac
dollars and forty cents making the total receipts for
1923, twenty four millions and nnety-four Thousand
eight hundred and sixty three dollars and sixty seven
CENTS which added to the balance il the treasury Oil
the first of January above stated gives al acrre-
gate of thirty millions hundred and sixty three
S1rdp btrpdr ALI,
GnyscVen cents. The expenditures oftLc three first
quarters of the year, same document) are supposed
to have amounted to eighteen millions two hundred
and forty four thousand nine hundred and seven dol
lars and ninety one cents; und those for the fourth
quarter 1t is supposed will amount to seven millions
three hundred and ninety two thousand six hundred
and trea dollars and seventy two cents; making for
the Whole year, twenty five millions six hundred and
thirty thousand five hundred ui. eleven dollars
and sixty three cents This expenditure includes as
the items to the document will show upwards of
twelve millions on account of the debt, and will leave
IN the Treasury, the first of January 1899, an e
tinated balance of FIVE millions one hnd re- and twen-
fy five thousand six hundred and thirty eight dollars
and fourteen cents. This balance will be subject to
the appropriations of moneys for the service OF 1928
that have not as yet been callod for cstnuted
ut three millions five hundred thousand dollars; and
includes the million of dollars in funds not now eff
fective, as heretofore explained
E5rIMArE R:vESuE kxpEynT I820hc sfos,
of duties secured by Custom House bonds during
three FIRST quarters Of tic year, is Estimated twenty
millions hundred and Iletyevcn thousand dollars
and the amount that will be secured during the fourth quarter
% n rSg a, re am 81 r 'e MGg year OF
iSr drawback OF duty, issued during the lhCe quarters
amounted To two millions nine hundred aud thou
sand live hundred and eighty dollars and iy-yc cents
und The outstanding the last day third quarter
was two millions two hundred and sxty-onc thoIs,nd ssve
hundred and ninety eight dollars and FIVE crnts which one
liion orty-ve thousand hundred dollars
and forty chageabe upon reven; of 1925
The amount OF bonds the close of the qlaer
four millions hundred and twentyour thousand two
hundred and SEVENTY dollars and eyelyve cents which
our
red and dollars and eleven cents the that was
In suit on the corresponding day OF 1927
Making the proper deductions the foregoing AMI other
accounts from the gos of duties secured in 1923
reccved from the Customs may be est
mated millions five hundred thousand dollars
that from The sales Of the public lands be pat down
nion that from blink dividends four hundred ninety
thousand dollars and that from incidental ono
hundred and fifty thousand; making total OF twenty-tl mil
lions hundred and Erty thousand dollars TheGxpcnrcs
estimated thus For the whole civil list including mceia-
objects and the millions for the e,, mons
hundred aud sixty thousand dollars fol TIE military
lsients and objects conneSO with thcm millions
sixty thousand and for the naval four millions
twenty Thousand making III the whole, wcny-one millions six
hundred and Nty thousand dollars, and giving
receipts for the year 1879 its expenditure, of million
fire hundred thousand dollar.
The receipts for 1929 estimated TWENTY-FIVE millions
three hundred thousand dollars; likely amount in
point OF fie To above tHcn-four millions The receipts for
1929 estimated, above twenty three millions
hundred and forty thousand 1t has been considered
safe place them, by decided anticipation Il higher
there Appearances the Commercial and political
world which, in their further development carry the
Tepts their estimated amount
IS likely be the with those of 1923. IT. for example,
without allndiHs to other contingencies any continued further
activity the demand for au and -four should heavier
explorations Of produce than usual, within months to
come there would Of course I've flow Of heavier importliion
The of 1923 would feel the effects Of in increased
reeip. because under the long credits allowed on duty
bonds portion of the duties that accrue within the year arc
receivable within the year BIT slch these although
hPeshaps incidentally hntc, at arc to he viewed with
cauon as The ground work of any positive financial
and aceoringy have not bep adopted in that upon
present occasion.
Upon the whole, in bringing 'h Report close, ,hco is
foom Tor minglng feeling Of cogTaiuaton Nationa!
Legislature with the which has exhibited The
receipts ofthe existing year, greater by nearly millions OF
gers than bad been eseGn, with prospect income for
the scarcely css abundan tho receipts Of four ycrs
presenting large and gratifying thoSG 0f the fur
years PRECEDING the foreign of the in state
6sold prosperity, from the improving condition Gifts eading
Departments Of industry at home, and consequent increase
dn exposo Of products; che of IT'S Tonnage
foundation strength we'll riches keep
pace with the increase fcouncnc; the public debt annually
and mpidy decreasing under the apple alton Of surplus funds
anr,,all and ran,dl- l..