The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1840-12-12

These would make the new charges, for ordinary
purposes, under both new and permanent appropna-
lions amount TO 81 1855 $40 3D. But, including the
public debt and the redemption of Treasury notes,
these charges would be S22, i34, 100 %.
ID will be perceived therefore, that the aggregate Of
actual expenditures during 1871 has been computed to
be 81 ,76l, f60 higher than the estimated amount Of
new and permanent appropriation. This is done not
only because some small oyersghts have doubtless
Cured in the latter and unavoidable omissions, as will
be by the notes but private bills, grant
ing money, may be passed by Congress, and greater
proportion Of the outstanding appropriations at the
end Of 1910 though reduced much three or -four
millions less than at the end Of 1880 may be expend
ed in lS4l than will be left unexpended Of the new
charges imposed. These last two items usually
computed to equal each other The Departments cal
culate that SO 66l 1913 Of the old appropriations will
be required to complete the purposes originally con-
templated by them
They propose only to apply about SO, 749, 90f Of
them To the service of the ensuing year. without re-
appropriation; and the residue, amounting 10 Sl3s
S7S, is expected will 90 TO the surplus fund They
estimate the whole of them at the close of the year
be SIC, 905.
vi. A few more explanations Of the other grounds
for the estimates OF receipts and expenditures for the
next year may be useful
| 1t will be noticed that the estimates for both are
| founded principally on the existing laws Should
Congress- therefore, alter the tariff increase
or reduce the duties the expected amount of receipts
must Of course be varied in that proportion.
| So il must be if Congress makes any essential
change respect TO the public lands and either passes
graduation bill, and creates land districts in
which surveys ready for large sales, this would
increase the immediate receipts; or it, the other
hand it should distribute the proceeds of the sales
among the States that would diminish the revenue
applicable TO the purposes of the General Government
and render resort TO new taxation increased tariff
or loan, Indispensable, TO the extent of the disri-
button.
The estimates ofthe receipts from customs have been
essened somewhat because the importation Of certain
articles paying duty will in ls4l, be partially post
poned to 1912 in consequence of the great reduction
in the tariff them which will take place in the latter
year under the existing laws.
So have they been account of the greater proper
tomato bounties and drawbacks which are now re-
turned several articles and beneficial opera
ton anticipated from the Independent Treasury in
checking speculation.
On the contrary, the revulsons in business which
have occurred since the middle of 1889 and deeply a
fected the revenue of other countries well as
own, and the proracted suspension of specie pay
ments by many of the banks which has continued
large part ofthe United States since October in
that year, will probably terminate soon by the sauta-
ry reaction of great commercial principles and that
event must be accompanied by considerable increase
Of imports and duties The amount of the latter
therefore, has been estimated higher than the actual
receipts in the present year, but not so high they
were in 1889 by about two millions, high as
many anticipate they will be. But if the banks dc
speedily resume il is to be feared that the estimate
will prove larger, instead Of smaller, than events will
verify.
/ To be continued