Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-04-03

| y
| Indian annuites removal o. Hlnes, N nn ''-0'0
| Pensions 2O0OO00
Deduct the amount remain
| inc in The hands ot pension
agents to pay pensions, when
| have been due md unclaimed
more han six months statedto
| be S1l0 COO Ia be- hereafter
| applied 10 The ray mPnt OF other
| pensions, say available S2oo'ooo .oo ooo
! f,,,d md o;ber roads go 600
| tl,h.x md rv.rs 430 ,0Ou
Wesisfont Academy loo'o"u
E,,,;cs.,;ops $50 COG
j,;anG hns,iIn;es G265 DOC
r"anan C,or,ier G25, COO
Extraordinary appropriations By Congress ,UOU,OOU
SAB, $50 600
dawn =, ,he cl.sa IF the vear II GOO 900
T,r,srrr ~ ISss s32 $50 900
If all the foregoing appropriations are authorized by
Congress- the demands upon the Treasury might exceed
the receipts about half million OF dollars, lndepend.
en Of the OF Treasury notes received IN lieu OF
But the extraordinary amount OF Tie nhe1'
pended balances Of appropriations makes necessary 10
restrict ne apnopriatnns Tar may be practical
BILE such amounts may be expended within The year
or early in the next. They have not been hitherto maze
sufficiently with view to the current expenditure OIL
the year Large sums have been appropriated, whether
the money would be drawn from the Treasury IN one or
more years. At the present Time when almost all our
officers employed IN active military service many VI
public works cannot be prosecuted with advantage
Some Of these appropriations II authorized must c"nse'
quen,ly remain almost wholly unexpended DUNG III!
present year Snme may, therefore, be suspended, anu
others reduced 70 the extent oil one or t"n millions,
without dermrnt to the public service, as Is lPac
cab!e at this time. TO devote TO these branches q our
expenditure the skill and talents OF our most riicient
officers.
With very moderate reduction Of the appropriations
for the present year will only be necessary 10 provide
means equal to the amount Of Treasury notes winch
have been and may be received at our custom houses
and land Offices in lieu oil revenue 1t rs MOI pnsSine 10
estimate what amount may be thus returned To The rca
sury and canc lied OF the six million eight hundred
thousand dollars heretofore issued, upwarts of three
millions have been already paid IN three "r lou" millions
be, and ii is possible that The whole len in
lions mnht b. returned To the Treasury. and canctied
before Ike end Of the year. Those which bear low
OF interest," amounting now to 81 oU Uuo, VIII Ger
tany be rcturnrd besides others at five per cent Inc
term %; which will have expired, when lie interest
cCuses according to Tie art "i October last Any sud
den, though Temporary revival "t trace, Creating 4
desire 10 make olhrr Investments would throw al
most the whole ten millions into the Treasury. twoud
be unsafe. under such circumstances, not TO authorize
the notes issued be hereafter issued under the act
Of October last In be again pad out or 10 Pr0rie lor
mn issue Of Treasury equal To the ten millions
thorized BY that act The Treasury may not require
more than SIX millions TO replace the notes paid
in and cancerd bat the authority should be extended
receipts There is no certainty that the late dePose
banks will reduce telr drbt 10 the extent c5maed and
in the prescn, s'ae OF trade /, Is impossible 10 make
any sure calculations the revenue from custums or
pn lie lands for the present year The former Is csI
mated at Sl3 UJ0 GGG; the latter, at S3.GOO OUD The
receipts from both in The first t~o months, were
vrry inconsderable and The Treasury must depend al
entirely upon the revenue to be received IN tne
Ias, half the year. pom the income Of The whole
from these sources no estimate can De ane winch
can be relied upon with confidence
II would appear 10 be most simple and economical 10
repeal the restriction in the act Of October last and per-
mil the Treasury reissue the Eutes then authorized
Bur ina, act dirf ced them be cancelled when paid IN
a seine OF them have been; and the interest On the
fre per cent notes ceases after twelve months, they
yrou.C be unavailable Fit were Otherwise however, and
they could b. paid out disposed Vi III any other ainc
i, would be xpedien 10 authorize it, as they would
be Immediately returned Ia the Treasury, rendering 1t ne
cessarv issue them for the third time Such process
payments and receipts would he particularly em0arass'
irr 10 the Treasury the notes will soon bear no m
lerest at all. The COMMITTEE therefore, recommend
that authority be given issue Treasury notes TO such
an amount the public eSgemcy may require, not 10
exceed ten millions, q! an interest not exceeding per
cen,um per annur, and payable, one tnd OF ihrIn IN
twelve months one third IN eighteen months, and one
third in years to he disposed OF only to supply The
wants Of the Treasury, and as the money be required
For their redempton it proposed to pledge the baan-
ces due from all the banks together with the iah I" The
u The amount which will be payable by The late
drpos;e banks IN $50 probably about four millions in
eudng interest and the bonds oil the bank ol Tie o.
euual with interest, 10 near live millions payable III
lc3q and 1910 will anticipate and be applied 10 the re-
dem ,rn the Treasury notes proposed without
any additional charge upon The revenue ct either oil those
years.
The committee respectfully submit bill authorizing
nm issue of Treasury notes the public Interests
should REQUIRE it, and epIacc which have been or may
be received for public into the Treasury, according
10 The provisions OF the act Of OCTOBER last
The following is copy Of the bill which accompanied
the above report:
A BILL To authorize the issuing of Treasury notes
Be ii enaetcd, &C. That the President of the United
States is hereby authorized Treasury notes for
such the xigences of the Government
NAV require but exceeding. in the whole amount OF
notes issued the Of ten millions OF dollars, and ot
denominations not less than hundred dollars for any
one note be prepared signed, and issued, in the
ner hereinafter provided
SEC find be ii further enacted. That the Treasury
notes authorized be issued by the first section OF this
&C, shall be made pay able and redeemabe by the u S
onethiTd OF them in twelve months onethrd in eighteen
months and one third in two years from the dates on
which they shall be issued respectively: from which said
daes for the terms aforesaid and longer The said
notes shall bear interest not exceeding six per cent
per annum and shall be made payable 10 order, and
transferable by delivery and ass gnmen endorsed on
the same. The payment Of the SAID notes herein pro
yidrd for and the interest which may be- due thereon,
shnl be made at the Treasury Of the u, s. 10 the hold
ers of the said notes, respectively upon preseniment;
and FOR the redemption al the same the balances due The
u -, by BOND or OTHERWISE, from Inc BANK oI I've u
States Of Pennsv and from the late depose banks
,orether with the faith of the u States, hereby
lemnIy pledged
SEC g. ind be ii further enacted, That the Treasury
noes authorized BY this act shall be issued at such times
and in such amounts the public exgencies may re-.
auire and shall lie paid to the public creditors. dspos
ed of in such the Secretary OF the Treasury
with the appreciation Of the President Of the United
States MAJ prescrbe and that the Secretary Of the
Treasury shall lay before Congress, the
ment Of the mex session, accnun, Of all the money
obtained BY the sale of the said Treasury NOTES, together
with statement IF the rate rates at which the same
may have been sold.
SEC And be ii further enacted That the said Trea,
sury notes shall be prepared under the direction Of The