The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1837-12-23


show. On a careful and deliberate exam
lnation of their contents, and considering
the spirit manifested by the Mexican Gov
ernment, it has become my painful duty to
return the subject, as it now stands, to Con-
gress, to whom it belongs, to decide upon
the time, the mode, and the measure ofre- |
dress. Whatever may be your decision,
it shall be faithfully executed confident
thatit will be characterized by that moder-
alton and justice, which will, trust, under
all circumstances, govern the councils of
our country.
The balance in the Treasury on the lst
day of January, 1887, was forty five mill
ions, nine hundred and sixtv-eigIt thou
sand five hundred and twenty three dollars.
The receipts during the present year from
all sources, including the amount of Trea-
sury notes issued are estimated at twenty
three millions four hundred and ninety-nine
thousand nine hundred and eighty-one dol
lars, constituting an aggregate of siXty-nine
millions four hundred and siXty-eight thou
sand five hundred and four dollars. OF this
amount, about thirty-fve millions, two hun
dred and eighty-one thousand three hundred
& sixty-onedollars will have been expended
at the end of the year on appropriations
made by Congress; and the residue, amoun-
ting to thirty-four millions, one hundred and
eighty-seven thousand one hundred and
forty-three dollars, will be the nominal bal
ance in the Treasury on the first of January
next. But of that sum, only one million
eighty-fve thousand four hundred and nine
ty eight dollars is considered as immedi-
ately available for, and applicable to, pub
lie purposes. Those portions of it, which
will be for some time unavailable, consist
chiefly Of sums deposited with the States,
and due from the former deposite banks.
The details upon this subject will be found
in the ANNUAL report of the Secretary Of the
Treasury.
The amount of Treasury notes, which it
will be necessary to issue during the year
on account of those funds being unavailable
WILL it is supposed, not exceed four and
half millions, Ii seemed proper, in the
condition ofthe country, to have the esti-
mates on all subjects made as low as prac-
ticable, withoutp prejudice to any great pub,
lie measures. The Departments were
therefore, desired to prepare their estimates
accordingly, and am happy to find that
they have been able TO graduate them on so
economical scale. In the great and often
unexpected fluctuations to which the reve-
nue. is subjected, it Is not possible to COM
pute the receipts beforehand with great
certainty; but should they not differ essen
tally from present anticipations, and should
the appropriations not much exceed the
estimates, no difficulty seems likely to hap
pen in defraying the current expenses with
promptitude and fidelity.
Notwithstanding the great embarrass-
ments which have recently occupied in
commercial affairs, and the liberal indul-
gence which, in consequence of those en-
! barrassments, has been extended to both
the merchants and the banks, it is crafty
| ing to be able to anticipate that the Treasu-
ry notes, which have been issued during
! the present year, will be redeemed, and
that the resources eff the Treasury without
any resort to loans or increased taxes, will
prove ample for delraying all charges i'm
posed on it during 1898.
The Report of the Secretary Of the Trea-
suary will afford youa more minute expos
! ition of all matters connected with the ad-
ministration Of the finances dnring the cur
rent year; period which for the amount OF
public moneys dsbursed and deposited with
| the States, as well as the financial difficult
ties encountered and overcome, has few
parallels in our history.
! Your attention was, at the last session,
invited to thenecesity Of additional legisla-
tive provisions in respect to the collection,
safe keeping, and transfer of the public mo-
ney. No law having been then matured,
and not understanding the proceedings OF
Congress- as intended to be final, it becomes
my duty again to bring the subject to your
notice.
On that occasion, three modes Of perior-
ming this branch of the public service were
presented for your consideration. These
were, the creation of a national bank; the
revival, with notifications, of the deposlte
system established by the act of the 23d OF
June, 1896, permitting the use OF the pub
lie moneys by the banks, and the dlscon-
I tinuance of the use of such institutions for
the purposes referred to, with suitable pro-
visions for their accomplishment through
the agency of public officers. Considering
the opinions of both Houses of Congress on
the two first propositions as expressed il
the negative, in which entirely concur, i
is unnecessary for me again to recur tC
| L. ,a laot haua haf