Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-12-17
TWemty-Gourah CoHgrcss--ast sess.


Explanation Of estimated receipts from Miscellaneous
sources.
The estimate of receipts from Bank dividends has
been made at the usual rate, computed the present
amount of stock still owned by the United States indie
pendept of what belongs to the navy pension fund
Should the bank divide part of its capital after the Sd
of March and before the close of the year 1896 the
dividends received for interest profits will probably be
what lowerbut on the other hand there will then
be received into the Treasury instead of hem due pro-
portion of the capital stock.
This Department made seasonable inquiries of the
bank ITSELF to its probable course in respect to the
division OF ITS capital, with view to apprize Con-
gess of the which ought be anticipated from
tha' source In iooo-out exaordnary as may appear,
at period the close of its charter and after the
dscontnuance of several of its branches, il will be
by the correspondence annexed, go that the bank had
then come to no decision on the subject.
The sales of bank stock the navy pension fund will
probably not be deemed advisable by Congress- after the
Sd March next and hence the receipts from those sales
have been estimated less than usual.
Ii supposed that the other receipts from msceane
Gus sources will correspond nearly with those in 1885,
cept that the of 81, 235 belonging to this Govern
ent out OF the Neapotan ndemnity for the transporta
ton seamen at the time vessels seized having
In the LIST instamen been promptly and honoraby paid
according to treaty. has, since the last annual report been
adjusted and credited under this general head IL gives
pleasure to add, that about $l0000 has been
secured by means of that indemnity, debts of long
standing due from several ohe claimants TO the u 81 and
over oneh of it has already been paid into the Trea
sury In pursuance of the of Congress this SUBJ
jcct, the balance of the first instamen the
awards completed paid to those entitled TO
and certificates were issued for the remainder An due
under the second instament has since been puncuay
discharged by the King of the Two Scilies, the agent
OF the Treasury abroad, and after delay in its
mittance from Naples TO Paris with view make il in
manner most dvantageous TO the claimants, the whole
hes been received here and the proceeds
ascertainabe, Immediately paid over
Explanation Of the Estimates of Expenditures.
The expenditures in 1886 for ordinary purposes are it
has been seem estimated at still lower than they
for 1885 But the present long session of
Congress- the contingent of appropriations be-
yond the general estimates, explained in the last annual
report, have been submitted as likely to be halfa million
tn Indpn nf
payments towards the national debt, leaving the
munity with all its capital and energies entirely from
aa Ganse eno@rdened and the actual
other subjects since 1888 been reduced about four and
halt millions of dollars year, nine millions
In 1854 and 1885, and the country at large during the
same period, relieved from taxation by reductions in
the tariff equal 10 nearly twelve and half millions
year, about twenty five millions in all The proba
bes as TO still further reductions in expenditures
for ordinary purposes during number of ensuing years.
excluding any extraordinary grants account of the
present large surplus other causes best be weigh
ed by retrospect the chief subjects of increase dur
ing few past years, and by discrimination between
the items, which in their character permanent
temporary, and which still exist have already expired
he chief items of increased expense during those years.
which (from an increase in of national esa-
blIshments caused by obvious in cases,
such as greater population and business and rapidly
extending frontier0 will probably be somewhat per-
maneDt, if not in instances progressive, are
most OF the large additions TO the legislative expenses
the gradual augmentation in appropriations for the
Judiciary and the salaries of District Judges-the
new Bureau of Solicitor of the Trcasury-the corps
oil mounted dragons in the army-the increased num-
Der of and pay officers in the navy and the extra
compensation TO officers OF the the great
duciions in the tariff The chief additional items of
pendtures during the last few years which may be deem
ed temporary their nature but which still continue
greater or less degree are the large increase in the exn
punishment Of Indian titles and grants of Revolutionary
Penslons the payment OF Virginia commutatIon claims,
great additions TO lighthouses and custom houses;
opening many roads in the Territories; the connu-
alton OF the Cumberland road; the survey Of the coast
more numerous allowances of miscellaneous claims
he
present year. though their future support will be new
item of permanent expense The issue of Virvnia
land scrip virtually receivable instead of money for
lands, is, in SUBSTANCE though form another large
item; because though not included in the exhibit
OF expenditures, il has the last four years exceeded
million of dollars, and will this and the ensuing year
probably extend to eight hundred thousand more The
items OF magnitude IN our expenses which have lately
sed out are now either terminated suspended the
building THE Potomac bridge; though pairs lighting
and draws, may hereafter be durable charge Macada
mlziDg Pennsylvania Avenue, and several grants Of
money for other purposes in the District Of Columbia
repairs of the Cumberland Road finishing and eDarqin0
some THE buildings here Tefundng large amounts
OF duties under former laws; the expenses of the war
with the North western Indians in 1885, repaynents for
advances during The war of1Sl2, large reimbursement
OF the naval pension fund several special expired appro
Praons towards naval Objects and almost every thing
connected with the public debt. A tabular statement
further illustrating many OF these changes well
others under all the most important heads Of pendture
by exhibiting the yearly paid under each material
one from 1916 70 1884 inclusive has been prepared with
but vOuminous tatit will not be submitted IN
the estimates for extraordinary purposes the present
year, u viii be seen, that most Of the increase Is
called for by the omission TO pass the annual an
proprations last year for forhcations and by The
unusually large surplus in the Treasury which Il NOT
wanted for ordinary Objects and which, il is supposed
can be applied usefully hasten those great improve
ments connected with military and naval dcfcnces
and which are Of character admitted by al be ma
tional, beneficial and constitutional Under our hgh
state OF financial prosperity and rcposng in peace the
best period for due preparation for war the UNDERSIGNED
considers the Treasury proper condition to meet any
measures which The Executive the appropriate De.
parmen have recommended for these desirable objects
as well as any similar and additional measures which
Congress may be likely 10 think required by pfudent
foresight and proper regard for national character and
safety.
Y. Surplus ~ ne Treosury and disDositi0a ofH
IL has been shown that the available balance in the
Treasury al outstanding appropriations on the Ist
OF January, 1896 is estimated at about ten and half
mons5 the expenditures for the ensuing year for all
purposes whether ordinary extraordinary enumerated
IN the schedules at more than twenty three millions md
the receipts at less than twenty millions Hence fol-
lows, that il the appropriations made and the revenues
received in 1886, shall be large as the estimates and
no larger, the nett surplus applicable 10 new and
other objects viii probably, in The course Of the ensn
year, become reduced 10 between six and seven
millions. This sum, therefore, would in those events
remain on the LIST Of January 1887, nett surpIns
uncxpcnded and unpledged Consequently most Of II
could now be applied 10 other purposes moi included m
The estimates and literally aid in promoting inv cousti
tuonal objects, which Congress may deem most cxpedi
emit