The Massachusetts spy, and Worcester County advertiser. [volume] ([Worcester, Mass.]) 1825-1831, 1829-12-30

Leaving the true balance of avail
able funds at the disposal of the De-
partment, on the LIST of July, 1929,
provided no farther losses shall be
sustained in the collection, viz
Cash in deposite, l36,44S &C
Balances due from Post
masters and others, 81, 400 81
$3.50, $40 O7
1t appears, therefore, that the funds of the
Department suffered diminution. from July !,
1928, to July |, 1929, of $l0l ,256 03.
In this result, all the collections made of for
mer debts, as well all losses ascertained with
in the year, are comprehended.
The expense for transporting the mail, by
reason of the increased facilities contracted for
before the commencement of the present year,
from January !, to July /, 1922 exceeded the
expense for transportation during the cores
ponding period of the preceding year, SCI, 633 :
same period, being the first half the current
year, had there been no increase of hostages,
would have exceeded its revenue &c, 68I, equal
to Si37 1862 for the year. The actual excess
OF expenditure, however, owing to the increase
of revenue for the half year ending July l, 1899
amounts to but $l0,775 So.
The proceeds of hostages for the quarter end
ing June 80, 1929, exceed the amount for the
corresponding quarter of 1928, by $50, 1916 So
az oSSONhlS iOH TIC quarter cUuiUR Inc OUt1
OF September last, are not all examined; but so
far as the examination has proceeded, it PROM
ises proportionate increase.
On entering the Department. my attention
was, at an early day, drawn to the manner in
which its funds were received and disbursed
| Circumstances transpired at the very threshold
of this enquiry, which indicated ooseness and
responsibility entirely incompatible with that
system which ought to characterize every
branch of the public service. Moneys had been
advanced to different persons contrary to law /:
and persons IN the immediate employment of
the Department, who receive stipulated sala-
ries, defined and appropriated by law, had re-
ceived monies in advance from the funds of the
Department, beyond the allowances so provided,
and which had not been appropriated
I'm abstract of The Report of the Seer,tor, of
the Treasury, on the state of The. finances.
The receipts into the Treasury for the wear
1927, were $22 9G6, 1873, and the expendtnres for
the same period amounted to SO, CSC. 764. The
o balance IN the Treasury on the lst of January.
1878, was S466o, 2S6, and the receipts during
the year 1928, were S24, 7S9, 463. making an
aggregate Of S31 ,457, 749 The exDendifu,es
during the same year were $25, ass. 3i3. leaving
balance on theslst Of January, 1899. of "a. O72.
45o. The receipts during the three first QUAR-
lers OF the present year are estimated to have
amounted to SIS, 437 $50, and for the fourth
quarter they are estimated at $5,lG5, 600, max
ing the total of receipts for the year 1929 S24.-
COO, 230, and which with the balance in he
Treasury on the LIST of January, makes an ao.
gregate of $3O, 574 ,666. The expenditures for
the year ending the LIST of January, 1880, are
estimated to amount to S26, 164, 595, leaving in
the Treasury balance of S4,4IO,O7I.
The Public Debt. The total amount of the
public debt of the United States on the LIST Of
January, 1929, including the subscription of
I,OOO,O0o to the stock of the IT, S. Bank. was
sos, 4O6,4l9. The payments made on account
of the principal of this debt during the wear
amount to $9,84l oil, and on account of inter.
est to S2,563994, leaving the total amount of
public debt on the first Of January next SAa. 545
40S. This debt is redeemable as follows
In 1880 aOIz eos ~
Is3I 6,Ols,9OO 70
iS3S 1921, 1863 81
iSa5 007 2e2 90
1884 4,735, 2g6 30
At the pleasure Of Government 20.296.249 Ak
Domestic Exports The value of Domestic
articles exported during the year ending on the
5Oth day OF September last, is estimated at S55.-
oOOOOO, and exceeds the amount of exports the
preceding year by $5,030,35I
The receipts for the ensuing year arc est.
mated at $23,o4O,OOO, which with the balance
now IN the Treasury, will amount to s28. $50.
vi. The expenditures for the same perod in.
GLIDING $l2, 100000 to be applied to the nav.
ment of the public debt, are estimated AZ so3
5,526, leaving an estimated balance in he
treasury on the LIST Of Jan, 1881, of "a .4o4.
545 The resources of the government viii
probably enable It TO pay off the whole Of The
public debt within the year 1884.
Hartford Mirror.