The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-09

dition s. 500 1853 %
Hence there was lefl in the Treasury
on the LIST Of January, 1887, ba-
lance of 4596s,52 sc
The receipts during the first three
quarters OF the present year. with
similar exceptions 10 those before
mentioned, are aScertained and es-
timaed lobe l5,Iil,olG 90
Viz from
Customs 50 COS S7S
Lands 49, $3.50 22I
Interest from deposite banks, and
other miscellaneous and incidental
receipts 5S5,Sl7 !.
The receipts of the fourth quarter,
including those from the issue Of
Treasury notes to the amount of
four millions three hundred thou
sand dollars, are estimated at 1856 O65 90
Viz: from
Customs l750lOO
Lands 100000
Miscellaneous and Incl
dental receipts 10000
Issue of Treasury notes 100000
First bond due from the
United States Bank,
excluding what be-
longed in trust to the
Navy pension fund ,965
These combined make the total re-
ceip,s for the year as ascertaned
and estimated 23499, 9SI 90
With the balance on the LIST of Janu-
airy last, they constitute an aggre
gate of &c, 46S, 50i sc
The expenditures for the first three
quarters of the present year, with
the like exceptions, are ascertained
to have been 25,4ls,9l6 81
Viz:
Civil list foreign intercourse and
miscellaneous 4,04 1923 10
Military service including Florida
war; other Indian affairs fortifca-
tionS, roads, haTbors. pensions
&c. l6,3ie,2os IS
Naval service, including Exploring
adj nj tr,nr
&c. 5,06I 1865 81
Public debt 220l9 25
See particulars in the document an
nexed
The expenditures for the fourth
quarter, including those under the
recent as well as former appropr-
atoms, are, on facts presented by
the various Departments, asthma
Making an aggregate for the year
This computation would leave inthe
Treasury, on the first OF January,
1888, a balance Of 81, Isl, lab %
Before adverting to other TOPICS it will be proper
to explain what portion OF this balance will not i'm
mediately be either avilabc or applicable TO public
purposes.
The first three insalments of deposits with the
several States which have recently been placed to
the credit OF the Treasurer for sate-keeping, in con-
formiy to the provisions of the act 23d June 1886,
are included in il.
As the subsequent law Of October l4th, 1887, pro-
hbi,s the recall of those deposits till otherwise d-
rectcd by Congress, their large amount will, till
then, be unavailable for any purposes of the General
Government. II is s2S, l01 GA 81
All the funds in the Treasury, which in any for
mer years, from the foundation of the Government,
have become unavailable being chiefly such as are
still due from insolvent banks, likewise embrac
ed in the balance above mentioned. Their amount
is not far from 81 100000.
Another portion consists of what is yet unpaid by
hebanking institutions which, during the last spring
and summer, suspended specie payments, and there
by, under the imperative provisions OF the deposite
act, were discontinued public repositories. The
amounts in their possession that have been or proba
bly, will under the act of 10th of October last be post
poned, and will remain unavailable, one-third till
July nexr, onehrd till January, 1889, and the resi-
due till July 1889, are estimated at S3 100000.
Another sum, not Immediately applicable to general
purposes is that part Of the amounts transferred to the
mint, which being now in active employment Tor the
objects specified in the acts Of June 23, 1885, and of
January IS. 1887, cannot, without serious nconveni-
ence, and some delay be otherwise used This sumis
about 100000
If the aggregate Of all these, amounting to $50, l0
644 81, be deducted from the balance of S34, 1877
l43 30 above mentioned, the residue Of the public
money that on the LIST of January next will probably
be then both available and applicable to general pupo-
SEES will be $l,0S5,49s, 30.
Perhaps IN strlctness, the Of about S370,79
which in the Treasury account Of several small
trust funds, and included in the balance on the LIST
oil January 1880, ought 10 De from
is now considered applicable to public purposes.
Most Of il has BEEN probably will be, required for
the special objects 10 which it belongs.
Previous to the consideration Of other matters con-
nected with the finances, the undersigned would add,
| that the appropriations which will remain unsasfed at
the end Of the year. are estimated at SD SOB 4S3
These, with the exception hereafter mentioned, viii be
chargeabe on that balance, and the subse-
quently received
To prevent Misrepresentation this point it may be
proper observe, that this is the amount Of those APP
preparations considered unsatshcd after dcducng all
the money which has been actually paid to the public
| claimants and all the advances which, having been
made to the various discussing officers still in their
mants It is supposed that Sl035l ,G9l of the out
standing appropriations will be required TO accomplish
the objects contemplated by them.
OF the residue about S36 ,S39 will 90 10 the surplus
| fund or in other words, will not be used at all and
is proposed to apply 37s2,55 in aid of the service OF
the ensuing year without re-appropriaton, explained
/ in the estimates
II is proper also to explain, that by the act Of May
90 1886, all amount sufficient to pay the principal oil
the debt due in Holland account Of the cities OF the
District OF Columbia, equal to 81 100000, sppro-
| pratod and is still outstanding. But this has not
been included in the foregoing statement Of outstanding
appropriations, the reimbursement Of the loan cannot
commence under the stipulatons upon which II was
contracted, until ls4l and the amount required may
be partly reimbursed by the sale Of the canal stocks
pledged for that purpose.
p Of he Public Debt.
4 The payments on account Of the funded and IN
| funded debt since the first December, 1886, have
: been as follows !,
| Ist On account of the principal Of the funded