Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1837-01-03
THE SURPLUS REVENUE.

Ia the u. s. SENATE, "Wednesday last, Mr.
CALHOUN asked leave to introduce u bill to ex-
tend the provisions of certain sections therein ma
med of the act of the 23d of June, 1896. for req.
luting the Deposits of the Puplic Money which may
be in the Treasury Of the United States, TO Janua
ry 1888.
Mr. Calhoun said that he had net prepared TIN.
bill without having first satisfied himself that there
would be considerable surplus in the Treasury al
the end of the year. lie was not prepared to suy
what the amount Of that surplus would be. Tn,
annual report of the Treasury had Just been laid or
the tables, but he had not yet, made any calcu
latlon. Allowing the most liberal appropriations
he had satisfied himself that there would be at tho
end ofthe year not less than eight millions, aud
there might perhaps. be carly double that amount
The Secretary oftae Treasury had, he knew. como
to different conclusion, but he Beloved that the
Secretary was mistaken. lie would have felt ur.
willing to apply such an expression to any former
Secretary Of the Treasury but SO vague. SO contra
dictory, so unsatisfactory, and so erroneous hac
been the reports OF the present head Of the Depart
i' t'a' no torn to his reports perfect,
y"PP"~"''e' ne proceeded IT, s;~a q co,,r,.o,; -,
statement IN reference to the Treasury peb"t,
The last ana present years. In the report of las
year, The Secretary had estimated the receipts o
the present year at $40. $50 600, while the repor
a /,
SAL ,G0l 1913, leaving dificruce between his es
innate and the true result of nearly S2s 600 600
the excess of the receipts exceeding by about on,
third the entire estimate Of the Departmen, ADMIN
the Secretary, IN his report, estimates The boianc
IN The Treasury on The 1st of January. 1896 Il
/ SlS,O41 $50, whilst The last statement shows
TO be IN fact $50 as, SOB, yet the estimate wa
made ~ very near the date ITSELF Whether thes
errors were tie efe;t Of negligence or to subsery
any particular Condition of things, ut was not f.
Inn to say. II was enough for HIM to show thu
he was correct IN stating that the Secretary ha
/ been guilty OF irequent errors. MrC went on I,
show stil further discrepancies in the estima les
the available meons Of The Treasury and of the q,
pendltures, compared with the actual results. -
In his estimate concerning The next year The Sec
retary had profiled in some degree by his error ,
last year. lie had come nearer to the truth. b,
was still far removed from A.
He concluded with advising gentlemen 10 di.
cuss THE not as political or party question, bu
as great question involving the highest ipteres,
of the country.
Leave having been given, the Bill was roa
twice, when MIR Calhoun moved 10 postpone il
further consideration, and make il the special On
der for Monday sennight.
+ Mr. CLAY said few words On the subject
the sct of 1888:
II was true that it must have been f,reseen
many, as II was by hin. that there would be an i
crease Of revenue beyond the wants Of the countr
y FOR tins he had prepared a remedy By Introduce
3 his Land BIZ, which had passed the two Lous,
{ simultaneously. and was uetoed by the Presdef
Is Had even the Land Bill Of last year gone into o
i efsuon, be stated that The distribution cf the p,
0 Plus among The States would have been more H
g era than unde' the distribution act. He sta,
his course. 1t would be rigidly to adhere TO I
compromise sct. lie might not be sblc 10 u,
= serve It, ss there se' med 10 be d great dspos'tl
y TO modify It IN reference 10 eer.sin articles in
hai Of which our sympsthies are elected. bot !
,, were 20 be touched. he wish no participation in
y act.
=. Mr. Walker moved 10 refer the Bill to the co
= on Finance.
4 some discussion ensued, when Sir Calhoun M
N Cd Tor ils reference 10 q special committee. and =
20 ed Tor the yeas aud nays On the motion OF Nr
. which were ordered
The question being taken Oh the Let motion
Was decided as folows:-
fess-Messrs Brown, Buchanan, Ewing m
FULTON. Gruudy. Hendricks, Hubbard, King "A
90 hung, tGeo.l. Lam, MKesn. Nles Pare. Pa,
nc ki'es. Robinson. Ruggles, Sewer. Strange. 7
madge, Walker. Wal %.
IL Ns!s--Messrs Baysrt, Ben,on Blaek Call,