Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1841-06-16

ana leave the accruing revenue. reduced s. Z :
Is N amount, burdened with debt and CHARGED :
Win the current expenses of the Government.
ne aggregate amount Of outstanding annro- +,
Prlatlons on the fourth day Of March last was j
Soc'4@9,0l6 90, OF which $24,2lO.OOO w,ll
De required during the current year. and there
VIII also be required, for the use of the War
department, additional appropriations to the a.
mount OF two millions FIVE hundred and eleven
Thousand one hundred and thirty two dollars
ana nnety-elght cents, the special objects of
which Will be seen by reference to the report
OF the Secretary of War.
ne anticipated means of the Treasury are |
greatly. Inadequate to this demand. The re- |
celpts from customs for the last three quarters
OF the last year. and the first quarter of the pre-
sent year, amounted to ST., 100000 the re-
cents for lands for the same time to 2.742.45O
dollars; showing an average revenue from both
sources Of l,236,S7O dollars per month A
| gradual expansion of trade growing out of
restoration Of confidence, together with re-
dvction IN the expenses of collecting, and pune
tualty on the part of collecting officers, may
cause an addition to the monthly receipts from
customs. They are estimated for the residue
OF the year, from the fourth of March at l2,-
100000 dollars; the receipts from the public
lands, for the same time, are es mated at D.
100000 dollars and from miscellaneous sour
ces at 10000 dollars; making an aggregate
available funds with the year of Ia, 670, 900 dol
lars; which win leave probable deficit of H.
/. 406,732 dollars and 90 cents. To meet this,
e some temporary provisions is necessary, until
, the amount can be absorbed by the excess re-
venues which are anticipated to accrue at no
distant day.
There viii fall due within the next three
= months, Treasury notes of the issues of 1910
including interest, about X,S5S,000 dollars
There is chargeable in the same period for ar.
rearages for taking the sixth census 291 ,00(
= dollars, and the estimated expenditures for thu
). current service are about 8, 100000 dollars ma
= king the aggregate demands upon the Treasu
y ~. prior 10 the first of September next abou
. lI,3400O0 dollars.
The WAYS aud means in the Treasury, an
~ estimated to accrue within the above name
- period, consist of about 694, 900 dollars of fund
.e available on the 2Sth ut. an unissued balanc
III of Treasury notes, authorized by the act
- lS4I, amounting to l,655,000 dollars, and e.
% timated receipts from all resources of36O0,OO
~ dollars, making an aggregate of about 6,45O
- 600 dollars, and leaving probable deficit
-. the first OF September next of4, $4,000 dolla'
~ In order to supply the wants of the Cover
~ ment, an intelligent constituency, IN view
Tvs their best interest, will without hesitaton,su
OS' NIT to all necessary burdens. But II is neve
~ theless, important so TO impose them as to
ne void defeating the inst expectations of the CO.
nu try, growing out of pre-eXiSting laws. II
act Of March I'd, 1888. commonly called t
IN compromise act, should not be altered exec
OIL under urgent necessities, which are not belle
ms ed at this time to exist. One year remains
re- complete the series of reductions provided
see by that law, at which time provisions made
W the same law, and which then will be brous
actively in aid Of the manufa cturIng interests
igdi the Union, will not fail to produce the m
'os beneficial results. UnLer system OF dscr
III mating duties imposed for purposes of rever
Srtir in unison with the provisions of existing la
" it is to be hoped that our policy will, IN the
ohs' ture, be fixed and permanent, so as to av
IONS those constant fluctuations which defeat
! on very objects they have IN view. We shall |
lc'si best maintain position which, while 1t
enable US more readily to meet the advaI
cen of other countries calculated to promote
nei trade and commerce, will at the same
ern- leave in our hands the means OF retahatlng
' , g.eater effect unjust regulations.
hlcL In intimate connexion with the questio
revenue IS that which makes provisions
lese suitable fiscal agent, capable of adding inc
Az sed facilities in the collection and dsburseT
Su- ofthe public revenues, rendering more Sc
MS their custody, ard consulting true econ
nent in the great multiplied and delicate opera
oeen of the Treasury Department. Upon sue
-. agent, depends, in an eminent degree, u
- me adjustment OF a currency Vi e'''iOi ~ ~ ~
viii w,,Gn interests ofsocetv; and on the wi
have 70 no manifested in its creation much dep
O. intimately interviewer are ITS oper;
Il this 10, 6nlv with the interests of individual
u and with those ofthe States, that 1t may be
with Jed m GREAT degree as controlling bot
vii be naner be used as the chief medium OF CT
mt Of tion and the power be vested IN the Go
OF all ment ofssung 1t at peasure,eltheE IN the
otthe ofTreasury drafts or any other, or oaI
IOwer- usad as the public repositories, with
Y arise ~ regard all SURPRISES from day TO day
sm are added to their active capital, prices are
with sod 20 constant fluctuations, and indus
Of war severe suffering. In the one case, Fohuca
time s;dorations. directed to party purpose
when .os,rol while excessive cupldIty may !
e only n tho other. The public is thus CON
liable to imposition. Expansions and &C
egular- tons NAV follow each other IN rapid suc(
Up the one enrendering a reckless spirit oil
Revolu- ture and speculation, which embraces
ee mill &c we'll as individuals; the other causin
Ienteen in prices, and accomplishing an enti,e
IN Id- IN the aspect OF affairs. otOCAs VI az :"
,out D n;dlv decline; individuals are rune
DRY suf- States embarrassed even in their en-
Of adj meet with punctuality the interest 0
S ofnew dsbis. Such, unhappily, is the state o
ut par now existing in the United States
this side Tbese effects may readily be traced
g of the causes above referred to. The publ
thebase nues, on being removed from the tthen
columbia Of the United States under an oIder
ded and president. were placed in selected stat
to mar which. actuated by the double motive
err coun- Chatting the Government and augment
e among nrofts TO the greatest possible e%teI
family; ged extravaganty their discounts u
them, we Hing all other existing banks 10 40 Y
,untry as LARGO dividends were declared WIN
the great Hating the cupidity of capitalists
thereby rnsh to be made to the Legislatures.
We exists snective States, for similar acts OF II
torecaim ton which, by many ofthe States VI
ind to IN r,rarv infatuation, were readily gran
civiliza- shns the augmentation fthe circular
prepared nm consisting almost exclusively OF Il
most ear duced most fatal deluslon. an =
unbroken Jsr;ved from the land sales OF the pe
ded 70. will serve best to show tne
T cannot the whole system. The average ga
,;on that unbl;c lands. COR period of ten year
&c our en- 1S9A had not much exceeded 2UOO,C
u az - ox. snn,,no IN 1884, they attained
SAFETY Of numbers, to the amount oil 0,UVV ~
s,em. leav- In the wear 1885, they reachea 2 !! =
oestc con. Ard the wear I-36, they amounted !, :
Govern. fA,,u snm Of 25OO0 600 dollars.
,.fatv 1 iil" ;n.o the short space ofthree