The pilot and transcript. [volume] (Baltimore, Md.) 1840-1841, 1840-12-14
VOEI. H...NO. POS.
civil. dinlomntic. and miscel.

Viz: Civil, diplomatic, and miscel-
lsneous, S3,45O,74O 13
Military, 7,723,440 "a
Naval, 5,445, 1893 81
Besides these certain permanent appropria-
tons under existing laws will become chargea-
BILE on the Treasury during the next year, in
sums as follows
For ordinary purposes.
Military, ss64,0OO
For other purposes.
Public debt, including interest and
first instalment in the District Of
Columbia, $4,000
Redeeming Treasury notes, 4,500,000
These would make the new charges, for ordi-
nary purposes, under both few and permanent
appropriations, amount to SIT ,4s5, $50 20. But,
including the public debt and the redemption Of
Treasury notes, these charges would be S22, l34,-
720 rs.
1t will be perceived, therefore, that the aggre.
gate of actual expenditures during 1S41 has been
computed to be 81, 764, $50 higher than the esti-
mated amount Of new and permanent appropria-
tions This is done not only because some small
oversiahts have doubtless occurred in the latter,
and unavoidable omissions, as will be seen by
the notes, but some new private bills, granting
money may be passed By Congress, and great
er proportion Of the outstanding appropriations
at the end OF 1910, Though reduce as much as
three or four millions less than at the end Of
1889 may be expended in 1871, than will be left
unexpended OF the new charges imposed. These
last two items usually computed to equal
| each other. The Departments calculate that
1861 1923 of the old appropriations will be re-
| auired to complete the purposes originally con-
templatsd by them.
They propose only to apply about s3,74s, 9O4
of Them to the servIte of the ensuing year,
without re-appropriation; and the residue, a
mounting to SI3S,S7S, it is expected will go to
the surplus fund. Tney estimate the whole of
them at the close of the year to be $40, $40 905
vi. A few more explanations of 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, so as
to increase or reduce the duties, the expected a.
mount Of receipts must of course be varied in
| that proportion,
| So it must be if Congress makes any essential
change in respect to the public lands, and either
passes a graduation bill, and creates new land
districts which surveys ready for large sales,
as this would increase the immediate receipts,
or IT, on the other hand, it should distribute the
proceeds of the sales among the States, as that
would diminish the revenue applicable to the
purposes of the General Government, and rem
| der resort to new taxation, increased tariff,
or loaD indispensable, to the extent of the dis
| tribution.
The estimates of the receipts from customs
have been lessened somewhat, because the ina
portation Of certain articles paying duty will
in 1s41, be partially postponed to 1912, in con-
| sequence oil the great reduction in the tariff on
them which will take place in the latter year
under the existing laws.
| So have they been on account of the greater
, proportionste bounties and drawbacks which
are now returned on several articles, and SOM
beneficial operation anticipated from the indie
pendent Treasury in checking speculation.
On the contrary, the revulsions in bushes
which have occurred since the middle of 1889
and deeply affected the revenue of some othel
countries as well as our own, and the protracted
suspension of specie payments by many of the
banks, which has continued over large part oil
the United States since October in that year, will
probably terminate soon, by the salutary reac
ton of great commercial principles; and thai
event must be accompanied by a 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 as they were in 1899 by about two
millions, nor so high many anticipate they
I will be. But if the banks do not speedily re-
sume it is to be feared that the estimate will
prove larger, instead OF smaller, than events
will verify.
The revenue from lands mast continue to bt
lower under the present laws than might other
wise be expected, because that portion of tn
vast sales in 1885 and 1886 which were made t.
spectators, must for some wears longer COM
into the market in competition with the Govern
ment; and the emigration to Texas, as well a
the continuance of the suspension of specie pay
ments by the banks over much of the West ant
Southwest, is likely to operate injuriousl
somewhat longer, though probably with force
somewhat diminished.
In respect to the estimates for expenditures, il
need only be observed here, that any considerable
addition made by Congress to the new appro-
priations called for, would require provision Of
further means to meet them, corresponding in
amount; and any diminution in those appropri-
atoms would also reduce, in similar manner
the amount of means otherwise necessary.
ITO be Conclttded.1