Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1841-06-10
NUMBER Is.


ing family, and for the blessings which
we offer them, we require OF them TO look
upon our country as their country, and
to unite with US in the great task OF pre-.
serving our institutions and hereby per.
petuating our Liberties. No motive exists
for foreign conquests-we desire but to
reclaim our almost ilimtabe wildernesses
and to introduce into their depths the lights
of civilization. While we shall at all
times be prepared to vindicate the nation
al honor, our most earnest desire will be
to maintain an unbroken peace.
In presenting the foregoing views, |
cannot withhold the expression Of the
opinion, that there exists nothing in the
extension of our empire over our acknowl
edged possessions, to excite the alarm Of
the patriot for the safety OF our institutions.
The Federatve system. leaving to each
State the care of its domestic concerns,
and deyolying on the Federal Government
those of general import, admits in safety
OF the greatest expansion; but at the same
time, deem il proper to adj, that there
will be found to exist, al all times, an in-
perious necessity for restraining all tho
lunctionaries OF this Government within
the range oil their respective powers,
thereby preserving just balance between
the powers granted to this Government
and those reserved to the States and to the
People.
From the report Of the Secretary Of thu
Treasury, you will perceive that the ifs.
cal means present and accruing are insult.
ficient 10 supply the wants Of the Govern.
ment for the current year. The balance
in the Treasury on the fourth day of March
last, not covered by outstanding drafts,
and exclusive OF trust funds, is estimated
at $s60,000. This includ.s the sum of
$2l5, 900 deposited in the min, and its
branches to procure metal for coming and
in process Of coinage, and which could not
be Withdrawn without Inconvenience
thus leaving subject to draft in the various
depG sitories the sum of $645 900. BY
virtue oftwo several acts Of Congress, the
Secretary of the Treasury was authorized
to issue, on and after the fourth day Of
March last, Treasury notes to the amount
of $5,4l3,000, making an aggregate a.
vailable fund Of SO, 05S 900 OH hand.
But this fund was chargeable with out
standing Treasury notes redeemable in
the current year, and interest thereon to
the estimated amount Of five million two
hundred and eighty thousand dollars.
There is also thrown upon the Treasury
the paymen, of large amount OF demands
accrued in whole or in part in former
years, which will exhuus; the available
means of the Treasury, and leave the ac-
cruing revenue, reduced as it is in amount,
burdened with debt and charged with the
current expenses of the Government.
The aggregate amount Of outstanding az
preparations on the fourth day of March
last, was 500, 429,616 so, of which $24,.
2l0, 900 will be required during the current
year; and there will also be required for
the use of the War Department, addition
al appropriations to the amount of two
million five hundred and eleven thousand
one hundred and thrty-two dollars and
ninety-eight cents, the special object Of
which will be seen by reference to the 70.
port Of the Secretary OF War.
The anticipated means Of the Treasury
are greatly inadequate to this demand.
The receipts from customs Tor the last
three quarters OF the last year, and the
first quarter of the PR sent year, amount
ed to $l2, 1905 the receipts Tor lands
for the same time to $a,74a, 450; show
ing an average revenue from both sources
of 81 ,236,770 per month. A gradual
expansion Of trade growing out Of resto.
ration of confidence, together with re.
duction in the expenses of collecting, and
punctuality on the part Of collecting Off
GERS, may cause an addition to the month.
ly receipts from the customs. They are
estimated for the residue Of the year, from
the fourth of March, at 5 IL 900, 900 the
receipts from the public lands for the same
time are estimated at $2,500,000 and
from miscellaneous sources at Sl70,000;
making an aggregate Of available funds
within the year OF s14,670, 900; which
will leave a probable deficit of Sll ,406,-
1872 90. To meet this, some temporary
provision is necessary, until the amount
can be absorbed by the excess OF revenues
which are anticipated TO accrue at no dis
tant day.
There will fall due within the next
three months Treasury notes oil The issues
oil l64U, inciuulnB inleieS', "ooN' ~~,ooo,-
600. There is chargeable in the same
period, for arrearages for taking the sixth
census 1924, 900; and the estimated ex.
pendi,ures for the current service are
about So, 100, 900, making the aggregate
demands upon the Treasury, prior TO the
first OF September next, about $1l, 340,-
900.
The ways and means ir the Treasury,
and estimated to accrue within the above
named period, consist Of about $685., 900,
Of funds available on the 2Sth u,imo an
unissued balance OF Treasury notes au.
thorized by the act Of l64l, amounting to
81 ,955, 900, and estimated receipts from
all sources, of 30, 500, 900, making an ag-
gregate of about Sc, 450, 900, and leaving
probable deficit on the LIST Of September r
next, of 4,s45, 900.
In order to supply the wants of the Go
vernment, an intelligent constituency, IN
view oil their best interests, will, without
hesitation, submit to all necessary burdens.
But it is nevertheless important SO to i'm
r Al