Lincoln telegraph. [volume] (Bath, Me.) 1836-1846, 1838-12-13
NO 81.

on the fist of JANUARY next, is estimated
al S2.765,342. The receipts OF the year,
is"'n customs aud lands, viii probably a.
| mount 10 $50, GIG 500 these usual sources
OF revenue have been increased by an is.
sue uttrcasury Noes; Of which less than
eight millions al dollars including interest
and principal, ill be on standing at The
ehd of the year, and by Tie sale Of one of
tie hands of The Bank olthe United States
Tor S2254 81. The ucgfeua,e OF means
from these and other sources, with the
balance Gu hand on the first of January
last, has Leen applied TO the payment Of
appropriations by Congress. The " i,cle ex.
pend'ure fer The year on their account. Inc
Guiding the red, nlptipn of more than eight
hI.lions OF lr a-Gry notes, CONSTITUTES an
sggregae of about frty millions f dollars.
and will sill leave in the Treasury the ball
ance before stated.
Ninety eight millions. of dollars of Treass
nry noies are to be paid during the com.
ing year, in addition 10 the ordinary ap.
preparations for the support of the govern.
Tent for both these purposes, the re.
sources of,he Treasury will undoubtedly
be sufficient, ifthc charges upon it are not
Hl1a' h>'u IVY ''IN 'f'S dHuudt cStitflItcs. 4tQ
excess however is likely to ex;si; nor can
the postponed insaiIinent Of the surplus
revenue BE- deposited with the States. nor
any considerable appropriations beyond the
estimates be made, without causing def
cheney in the treasury. -.
The great caution advisable. at all times
OF limiting appropriations to the wants Of
the public service, is rendered neressary
at present by the prospective aud rapid re-
tuctiou If the tariff while the vigiIanij eal.
ousy evidently excited among the people,
by the occurrences ofthe last few years, as-
sures us that they expec, from their repre-.
seutaiives, and will sustain them IN the ex.
ercisc of the mos; rigid economy Much
can be effected by postponing appropriations
not Immediately required Tor the ordinary
public service, or for any pressing ernerg-
encv; and much by reducing the txpendi-
lures where The entire and imtne diate ac-
compiisIrnent of the objects in view, is NOT
indispensable. ~
When we call to mind the recent and
extreme embarrassTnents produced by ex.
cessise issues OF bank paper, aggravated
by the unforeseen wiitdrnwaI Of much
foreign capital, and The inevitable dcrange-
ment arising from the disiriI u;i IN Of The
surplus revenue aiming the States as re-
CURED 10y Congress and consider the hea-
w expenses incurred BY the removal of
Indian tribes by the military operations
in Flerlda and on account of the unusu-
ally large appropriations made at the last
two annual srssians of Congress for other
objects we have striking evidence, in the
present efficient state of our finances, Of
the abundant resources of the country TO
fulfil all its obligations. Nor is il less
CRAFTY ing 10 find that the general business
OF the Community, deeply affected as il has
BEEN. is reviving will, additional vipor.
cha>iened by the lessons Of the past, and
animated by the hopes Of the future. By
the cnrtaiment ofpapcr Issues by curling
the sanguine ard adventurous spirit of spec
uiaiion; aud by the honorab application
OF all available means to the fulfi ment Of
obligations, confidence has been restored
both at home and abron'l, aud case and.
facility secured to all the operations Of
trade.
The agency ofthe Government in produ-
cling these results has been ~ tficieut al
lis powers and means permnted. BY With.
holding from the States the deposits of tho
''tsh to"'i NoNiHk ettStdi mt>-
lions at lung credits with the banks, princi-
pally in one section Of the country. and
mare l,nmedia'ely beneficial to i, aud at.
the same time, aiding the banks ard coin-
mercial communities in other sect,ons by.
postp"ning the payment of bonds Cor dn-,
ties tn the amount OF between four sud FIVE
millions OF dollars by ali issue Of Treasury
notes as meats To cnahle the Gosernmeiit.
To inoet The Consequences OF their indulgen-
cies, but afinrding al theron time. FAC iii,
ties for telnltting and exchange and by
steadily deciinine'to employ =. general de-.
positorles OF the public revenues o. feceiys
the notes of all banks which refused to re-.
deem with specie; by these measures, aid,
ed by the favorable action Of snnae Vi tho.
banks, and by the support aud cd-opera-
ton of n large portion Of the co,nmnn-
ity, we have Witnessed an .s4Iy re-
sumpsion Of peciepaymsnts. in our great
commercial capital promptly followed In al.
mosi every part Of the United States. This
result has been alike saluiary TO the true,
ilteresta Of agriculture. commerce and Ia.
manufactures: to public morals, respect for
the laws, and thai confderce between man
and man which is 30 essential in all cur re-
laiions.
The contrast between the snspensiep of
1914, aud that Of 1897. is most strikiuR.
The short duration oftie latter; the prompt
ra.s -. as:or-,c h.saireus che ertdeaf knuafsk-