Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1835-12-31

As ii has already been a>ccria'ncd Iom eAa'i-
nation of he returns, that the revenue Of the las
quarter exceeds that of The corresponding quarter
Of the last wear about twelve per cent, it may he
safely stated that the surplus OF the re,cnu' over
expenditure for that quarter, will he a'"n' Sl2',-
eco and that there was, on the 30 h september
asst a urplis Of available means over the whole
debt OF the Department, amounting to about Sl'o,-
600. |, is confidently expected that this sur 'ns
will be increased, AT the end OF the current quar-
ter, 10 abou, 1920 eco; and, at tire end of the
mex, quarter to abou, s340, coo. Tie old debts
due TO contractors and Others, new paid as fast
AS they are presented and be adjusted and
the accumulation Of funds, not" outstanding these
payments, is so considerable as 10 Justify be-
lief that 100000 fthc remaining debt may be
paid in Janurv next, and the balance III April.
Tie undersigned takes pleasure in presenting
YOU with the data which Justify tins ANTICIPATION.
He is happy to say that tar from needing any pc :
cunarv aid from tire Treasury, tie Department
may be- presented to Congress, before the ttrm-
nation Of their approaching session, substantially
free from debt. with clear annual surplus eHcte-
ding S1O0, 900. applicable to the establishment OF
rev mail routes, and the Improvement at old ones
Even should the suspended allowances he finally
paid, the anticipated result cannot be delayed bc-
vond the month Of July, 1880.
not been ,fcc,cd for about twenty years. Alter
a full consideration Of the subject it was deemed
cypcdirnt to close them, and open new set from
the lSt of JAW 1885. The balances OF accounts
are not carried forward from the old books 10 the
new, hut all collections made Of moneys due be-
fore hat !aN, are credited TO an account headed
A. car res" on the new books and all pay
MI, MS mad, on debts contracted PRIOR to NAT day.
are charged to tie san e account. That account,
when closed, will show the exact amount OF debt
and of available means al the commencement OF the
present fSt al wear; facts which cannot be sooner
ascrrlaincd with csactiiude.
In Keeping the new books, AN attempt ma
king, through the agency OF General Accounts, to
n Nv specifically from what sources the revenue
Of the Department is derived, an to what purposes
il j, appilrd The accruing revenue is credited T."
General Accounts, headed Letter Postoges,'
:. Newspapers and PamphhS.' and F'ncS.'
The expenditures are charged to General Ac-
counts, headed, " Compensation Of Posfmost.rs,
TRANSFORMATION Of me Mats" !" ship, Steam
boat, AMI Wan Leners," " Wrapping P"p'r,'
ONCE Furniture" " idrcriisng," Mail
BARS" VJonIs,r MoH Lacks and Keys,
and Stamps" "WaH Deprrdntions and Special
AGENTS." " Clerks, Sc for OGees," and " Mis-
ccHaneous." When the entire business OF aqnar-
ter is brought upon the books, the credit General
Accounts will be balanced by transfer To the credit
of "A general accom-. headed Post ONce De-
parthaent" which will thus exhibit, AT aelancc, the
entire income Of the Post Office Department for
the quarter, and the sources whence il IS derived
In like manner, the debit Of General Accounts
will be Closed By transfer to deb. OF Post Once