The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-02-18
tisuIap Of which ] have
before explained, A. the
least sum



before explained As the
least sum S,Wp,Uou
Making the estimates for
the year c2Ss 3yy.3u
But out of this sum Is 10 be
deducted much may
remain, not called for
and standing over Al the
close Of 1871, which !
compute at o,uUsVu
Leaving Of and per-
manent appropriations
for 1871, which will fall
as a charge on the Trea -
sury within the year Si4rss'A"
Making the sum chargeabe on the
Treasury in 1871 for the purposes
above named SzIroosssf-
Estimate Of revenue and receipts rheh ri come into
nc Treasury and be arailabls in the year 1871
der eristing lars, and shouting the dsfeif
From customs si6,oooocc
Doc GOO , 4. lss. f'Da'' ~ A = - $4,000
M;scelIaneous $1,000
Ranks balance 10000
Treasury notes, which, under the act Of
March, 1910, may yet be issued
amount may be $342,6ls
But of this amount there
will be returned and re-
deemed within the year
at least IOoVVo ..,-ei
Availables in all for the year 2,olo
CHARGES on the Treasury 27,569, 1872
Deficit for the wear 1885, 754
Here, then, Mr. Chairman, is my conjecture" IN
regard to the state and prospects of the Treasury for
the present year. The committee will judge what re-
lance is to be placed upon it. have given them the
grounds on which have proceeded in making these
calculations. Let them be impeached If they can De-
do not mean to claim for them any sort Of infal
blity. | have made the best use Of the materials
had and have endeavored to come TO honest and Just
results. may have fallen into errors but this will
say that the Secretary and his friends willing to
abide by his estimate for the year. am willing to abide
by mine, and will whose conjecture will turn
out to be nearest the truth
have now, Mr. Chairman, one impeachment more,
and only one Offer of the accuracy of the financial
statements ofthe Secretary and the President ms
says the President is the only Government which,
having fully and faithfully paid all its creditors has
also relieped itself entirely from debt" The only
shadow Of exception to this sweeping declaration
which can find, either in the Message Report re-
lates to Treasury notes outstanding, and to obli-
CATION entered into in behalf Of the District Of Coum
bia; !" and both these items are readily disposed Of
As to the four and half millions of Treasury notes
outstanding they are to be redeemed In lo4 out Of
"current revenue The statements have submitted,
as well as the very bill now before for issue
Of notes. show what chance there is of that. And as
to the obligation in behalf Of the District Of Column
bia," why, that obligation must soon be discharged
if the debt to be paid by the District OF Co
umba, and that would relieve this Government from
the obligation" will only say sir, that, as under
stand this matter this debt and not that of the
corporate cities Of this District 1t has been distinctly
assumed by this Government, upon good considera-
ton passed between the parties and these cities have
nothing further to do with it.
But the President thinks himself justified in decla-
ring on the WHOLE that this Government has reliev-
ed itself entirely from debt" am not able to fater
myself much in regard to this item in our financial
condition, the omnous statements which hold in
my hand and will now present, may serve to show.
Statement Of the public debt regarded aseerfained
and certain, eristing the LIST January, lS4I,
fhouoh he nmn IL mn l1nkh be ernck