The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1841-05-12
STATE OF THE FINANCES,
AT THE CLOSE OF THE LAST ADM1NIsTRA-
TON.
Treasury Department,
March 9, lS4l.

March 9, ls4l.
In pursuance Of a suggestion by the
President, the Secretary Of the Treasury
submits, with his resignation, a genera
statement of the fiscal operations of his
Department, since the last annual report
in order to show its condition tlllthe close
of his connection with it.
So far as yet ascertained, the ordinary
expenditures for the year 1910, have, since
that report, proved to be less than those
in 1889 by -, the amount then esti-
mated of between two and three millions
of dollars.
The revenue has turned out, also, TO be
nearly the same, as then calculated. max
ing in the actual result-though affected
by fluctuations in imports almost unexam-
pled-little or no variation from the esti.
mates in 1889, beyond what has been the
average annually, for the last quarter of
century.
The available balance of money in the
Treasury, at the commencement of lS4l,
including, as was before computed, what
stood to the Treasurer's credit with col
lectors, receivers, and the Mint, subject to
draft, has proved to be about as was anti
cipated in December last.
The only material difference, andwhich
has been since explained to the proper
committee, was caused by some new
charges imposed by Congress, through
new appropriations, which would other
wise have fallen on ls4l, and some fail
ures by the indebted banks to pay SO
much in 1910 as was expected.
The power remaining on the first Of
January to issue Treasury notes, consti-
tuted another of the fiscal means for the
present year. and it has been ascertained
to exist in an amount somewhat greater
than had been estimated. - S.
Hence the present year commenced
with resources on hand quite equal to- the
anticipations previously formed The diff.
ferences before named were, fortunately,
of a character not to change the fiscal
condition Of lS4l-as in proportion to
their respective amounts, the receipts in
that. year will probably be larger, and
the expenses smaller.
But notwithstanding this; it was deemL
ed very important, as detailed fully in the
annual report, to obtain at an early day
the aid of some subsidiary means, with
view to guard against fluctuations and
contingencies generally, as, well as to
equalize the receipts and expenditures
during ls4l, the latter being likely to fall
very heavily on the first quarter Of it.
Accordingly, as had been done on some
similar occasions since the public debt
was discharged, and the current revenue
these means were requested
by the Department the first moment prac-
ticablc after the session began, being in
the annual report itself. The additional
in this ard. other years,
urging a compliance with such requests,
were made only to develope new facts
and reasons, which had in the mean time
occurred, favorable to the previous re-
Communications.
Although the aid was not inthis instance
furnished as early as desired, yet the De-
partment has succeeded in commanding
its funds SO effectually as with the existing
resources on the first of January, and the
current receipts afterwards, to meet all
the authorized claims that were due and
presented during the severe pressure ex-
Derienced i'm that month. e -
Since the desired aid was furnished by
the passage of the new act concerning
Treasury notes, in February, no necessity
has arisen to issue any of them, solely
with view to defray claims already pay
able. But in consequence of the public
convenience being much promoted by
advances of money for pensions, before
they would fall due, on the 4th of March,
those advances have been made; and an
amount of notes under the new act has
consequently been issued, equal to about
s5OO,0OO. This is not so great by $780,
900, as the sum which has already been
forwarded on account of those advances.
mo greater amount for any purpose, and
probably. not so great as that difference, is
likely to be called for before the 4th inst.
Hence it appears that the other available
means in the Treasury have, as yet prov
ed more than enough, in the aggregate, for
the discharge of all engagements OF every