Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-12-18
RTcHMoND. VIRGINIA. FRIDAY DECEMBER Is, 1910. ,

have arisen from these circumstances Granting, how
ever, That se OF 1t has, the consequences 10 that
and in another view of the subject are not wei
calculated to excite qualification The increased de
pendence which the change of habits, in selling an,
buying so much mnre of what is consumed, has &C
casoned between different countries and those
in different avocatIons, well the increased cred
thus demanded through many new ramifications, ane
the greater subsection thus produced of almost every
pursuit to the evils attendant fluctuations prices
on bank expansions, and revusons in commerce have
probably exercised influence the events of thu
last four years not inconsderable salutary Com
bined with other causes, they must certainly have
tended to effect wide and unfavorabe alteration ir
public manners, and may, in time, infct an injury oil
the morals and character of The nation, which will more
than counterbalance all the gains in wealth.
V. The estimates of the receipts and expenditure
| for lS4l next demand attention.
The actual receipts and expenditures in that yea
can, OF course, be regulued by Congress, throug
new legislation, as TO reach nearly any amount it MAJ
deem proper. But the undersigned can neither ncreas
nor diminish them; though duty is devoved on him
III respcc, s TIE srbjec while al the head of the Urea
sury which he now proceeds to perorm-of presenn.
some opinion concerning the amounts to which, unde
the existing laws and the calls of the different depart
menis, they are likely TO attain.
! He will further suggest any general changes which
appear to him exprdicnt, MS well as any means
deemed necessary to meet all the burdens, which, 1t Il
apprehended, may be imposed.
The estimates for the ordinary receipts and expen
ditures in the ensuing year differ some millions from
what will be actually received and expended in the pre-
sent one.
| II is calculated, however, that the difference vii
be what is always most desirable, some increase o
the receipts, and further dminution of the expend
lures.
The estimates for the latter in the present year.
made less than those of 1885, and the results have cor
responded Indeed it s cause of much qualification
that the expectations heretofore cherished, of matsral
reducing the public burdens, have been verified to 81
great extent. Thus, the expenses of 1888, fell below
those of S3; while the expenses of 1897 notwnsnnd
ing the continuance at the Florida war, nearly
eight millions below those of 1885, and it isexpectrd
that the expenses of $780, will be fom two 10 three
millions still lower, quite ten millions less than those
| of 1888
They wonld have been nearly twelve millions less
had not that continued, and unusually large pay
mens been made to Indians, under old appropriations
II believed that the urdnar, expenses of 1871 ought
10 fall some millions below thse in $40; the pen
sons have diminished by deaths, fewer Indians remair
be removed, several eSpenve pnblIc buildings have
been mostly finished and ho,ttes with the Seminoles
must be nearer TO n close.
More details concerning the estimates for the nex
year will be proper and viii illustrate the correctness
of some of the preceding esnlts
1t may be stated, from the best data in possession Of
this Department. that tho receipts, under the existing
laws, will probably be as follows:
! From customs, $l9OnO,O0C
From lands, $780, UC
From miscellaneous, $4,000
/ Add the expected balance in the Treasury,
available on the LIST of January next, l,3S0,coa
The aggregate of ordinary means for the
next year, would then be 24,lGO,e55
| There will be nothing more, either of prin-
/ cipal or interest, due from banks, which
| is likely 10 be made available, except
about 900, oOC
power will exist. under the act Of 3lst
March, ls40, to issue Treasury notes
till a year from its passage expires, but
not 10 make the whole emission out
standing at any one time exceed five mil
| lions of dollars
This will furnish additional means, equal
to The computed amount which can be s-
| sued at the close of the present year,
being about 342,Gls
| Hence, there may be added, from these
several sources, much as to make the
| whole means for the next year "a, Az
On the other hand, the expenditures for
l-Il, for ordinary purposes, if Congress
make reduction IN the appropriations
requested by the different departments,
are estimated at l9,25OOOo
This would leave balance in the Trea-
sury, at the close of the year, equal TO 5,473,47a
But certain payments must also be made
on account Of the funded and unfunded
debt, unless Congress authorize con-
tracts 10 be formed for extending the
time of their payment Thus, there
will be required
On account Of the funded debt, chiefly for
the cities Of this District Sl49,2OO
For the redemption of Treasury notes, if
all the others be issued which can be
under the present law, as then the
amount returned within A. D., 1c4l,
will probably not exceed A,ooo,ooo
81 6Ig 900