Martinsburg gazette and public advertiser. [volume] (Martinsburg, Va. [W. Va.]) 1826-1833, 1832-12-20
From the National iaielligaleef.
THE ANNUAL TREASURY REPORT.

THE ANNUAL TREASURY REPORT.
The Annual Report Of the Secretary OF
The Treasury to both Houses OF Congress,
m conformity to the act establishing the
Treasury Department, was yesterday trans.
mitted to both Houses Of Congress. A brief
glance at IL enables US to present the follow
ling synopsis Of lis contents.
The REvENUE, from the fst January,
1882, to the lst January 1883, actual and es
timate4, is stated al So .152 $50 81 making
with the balance in the Treasury on the LIST
of January, 1881, an aggregate Of $40, 1885,
SIS 90.
The ExPENDIfgREs, actual and estimated,
for the same period, are stated at s3i,9fi,-
466 SO, leaving an estimated balance in the
Treasury. on the LIST Januay, 1888, (includ
ing the Danish indemenity) of l,644, io7
rs This balance includes the unavailable
funds in the Treasury, heretofore estimated
at l 400, 900 dollars
On the LIST January, 1892, the whole public
debt will have been reduced TO 81 ,000,6a3
IS, which, set off, against the seven millions
Of stock in the Bank Of the United States,
may also be considered as effs ctual extln-
guished, so as to leave the n alton free of
debt
Tie IMrokfs for the year ending the 50th
day of September last, are estimated at t00.-
652 ,677 dollars; aud the Exports for the
same period at sS7 ,03l ,94S, OF which sos.
074,si5 were Of domestic, and sas 1868, las
Of foreign ARTICLES ~
The REcEIpTs during the year 1882 arc
estimated at So 100000 and the Erpendi
tures for the same period for all objects other
than the Public Debt, at St7 ,633 ,575 IS to
which must be added the amount Of the Dan
ish indemnity. (ss94,) which will be payable
within the year. The annual Revenue for
some years to come, under the Revenue law
of the last session, is estimated at 81 .000,-
900. and the annual expenditure at $4,000,
600 dollars, leaving an estimated annual sur
plus in the Treasury, says The Report, of Se,-
00O, 600 10 which amount reduction of che
Revenue is strongly recommended, either by
a diminu.ion Of duties on imports, or 'partly
by a REIMBURSEMENT Of Public Lands as
a source Of revenue" as suggested in the
last Annual Report.
This recommendation is followed by an
argument, Of considerable length. marked
by the known ability Of the hon Secretary
or the Treasury TO shew the inexpendiency
OF continuing duties laid for the protection OF
domestic industry, Sc. beyond the point OF
protection, the perusal of WHICH will be made
acceptahte to our readers as soon as we can
obtain for them copy Of the whole report.
This document concludes with an arraing
ment of the Bank Of the United States; and,
as II TO place beyond doubt, that he would
surprise us more, by his Report Of this year
than he did by that Of the last year, the Sc
crc,ary winds up bis Report by declaring that
the arrangement made by the Bank for pay
ing off the three per cent:-ihe extensive
transactions OF the Bank, 1.-THE importance
and advantages Of which Ire so much, com
mended last year) and The disclosures during
the investiga lion by the Committee Of the
House of Representatives Of the session. To-
gether with the near approach Of the term Of
the charter. have tended to impair public
confidence in tle Bank,!! and have suggested
an enquiry into the security of the Bank, as
the depository of the public fuuds.nf'
Oh, Mr. McLANE. Mr.: MoLANEi