Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1841-06-12

Of Is Feb. lSII. I.5O3943 81
). Estimated receipts
from the customs 100000 90
Do do the lands 100000 90
Do. miscellaneous $4,000 90
Making 9oO,305 o.
And leaving deficit of 5.25l ,3Ss 30
To which add The sum recommend.
cd 10 be kept in the Treasury TO
meet any emergencies Of the pub
lie service. viz: 1000 600 90
Making m aggregate Of 9.25l .35s 80
In another part of this paper the views uf the
Department as 10 the mode OF Providing for the
above deficit, together with the residue uf the ex-
lsting public debt, will be presented
From the year 1916 10 1897, period OF t.eniy-one
years the revenues constantly exceeded the eI-
pendriures The average annual surplus during
that time was sIl 46i226 81, Csee tables I and
making an aggregate excess Of S2IO AS. 76I
u Vi this there was applied 10 the eIliucituu
OF the national debt sos 1872 1877 "a and there
was, under the provision OF the act IIhe % of
June, 1856 deposited with the staies S2S IUl .
oi4 ~, and there remained Oh the Il of Janua.
ry' 1887, IN the Treasury Of The United States
including the Alb iusIament due TO the states a
surplus Of $l7l09.473 20
There were. also, ouisian6 ng debts
due and falling due TO rhe treasury
arising from other sources than
those OF the ordinary revenue and
which were paid between The Ist
OF January. 1887, and the 4lh Of
March, 1911. the amount of 9Io4747 %
There were also IsIued within that
perI"d. and outstanding on IN, 4lb
Of March. 1871. Treasury nutcs
10 the amount Of 5.64s SIP 20
Making the aggregate aVailable
means which were IA The treasury
on the Isl Of January 1897. and
winch came into n prior a. the An
Of Ma ch 1871, over and above
the current revenue 81 $50 -3) &c
From which deduct the amount GeSs
the trust iund.) remaining m the
treasury on An March, 1911 5727Is &C
And there appears an excess or ex
PendHure over the current revenue 81. 3IOOl4 90
10 Is proper TO remark that the entries ON The ho,t
OF the Register Of the Treasury do NOT a},,,ays shoe
ne true dnes Of the receipts and evpendrfurea A,
"eh Ih'oFed ~ the abpve statement Gable ~ will
srve TO illustrate this fact. The sum of $50 I2c
81 was. on The 2 and 3lsr Of Oct,ber 1sA1 -
by the Bank Of the Unued Sares on its Ia,t h1,rI
10 william Armstrong. superintendent al Forf Cir
son by order OF the Secretary Of War Tbop,h
ms sum was m fact received aud expended an ,bs.
GHS'' I" d'u NOT ma its way into the Office Of tb.
hegister until the 4ih uf March, 1871. ON which
day nnPpean ON hs books both IN receirt and on
expenditure - anu "i'
Thus and 10 Ibis extent within The I,s, FAM -.
were the expenditures pushed bryunI the au,n,, ~
'ne revenue. They were made 10 absorb In. So,
Plus ~ The Treasury and the outstanding debt, dus
TO The United States ~ that the Tre,spry ,.,s 80,
me an Of March 1871, exhausted Of lis moan, al
Gu9eG' 70 hra'y and immediate liabilities Il was
H'e"uy Ouflened with debt incurred ~ time of
md Naffl hut 4
me authority granted by law 70 augment that dcb,
A. yet no provision has been made q reduce nj
u .'' % !" cheek IFS constant and rapid increase
HS hhd ~. ihereinre rs far rs past lcri.,t,n md
M ancill arrangements characerze o. permanent
I'd increasing national debt The temporary OF.
p dieI Is BY which u has b,sn sustained do moi NJ
vary Hs essential character
ne attention oi Congress Is rrspecffslly invited
70 me necessity Of early and efecnal measure. In
preS eui ~ further anpment,iion TLo ,h,.;,.,.
remedy - 10 increase The revenue rs far ne may no
without unresspnably burdening commerce. and :,
ie'u'e We expenditures within the Limits Of strict
economy.
bnI rs 1t may not compori with the views Of Con.
gress u 60 into n revision nnd adjustment Of The
u'iom' 40 long before Inc act Of March 2. s33
,p'es 20 nave ITS final and permanent operation.
u"ot'''Ehea would respectfully rscpmmenl, as
y temporary measure, the levy ola duty Of 90 psr
'eni. advalorem on OIL articles vhich ore now free
~ Guy or Which pny les duty Than 20 per cent
sA'eP' gold and SILVER. md tic articles specifically
-. 1893. " 'i''''
~ his measure he adopted. IL 10 Estimated that
mere VIII b received into the Treasury frgr, cos.
IN IN ne l1si quarter II tho present yenr. about
- V,OOO' 90 eli Of the wear 1912, about q 500
wv ana ~ The wear 1888. after The final du,iiou
under Che act Of March ?. 1893. about $50 300 600
The details Of this estimate viii n. C,y,J 4, Al.
Do somp'nyng pspsr, marked r. and enclosures
~ - believed that. sfief the eroerfiturss rsgri-
~ ior ne public service m the present yesr shall
'''" oeen provided for, the revenues which will
Sf1e ifom that OF nearly pfori nate rate OF duty.
WI oo sufficient o. deifay the expenses Of Govern
neni' nnd leave n surplus 10 be- annually appIied
o me gradual payment Of he NATIONAL debt. Ie1v
70 ne proceeds u he public lands 10 be disposed
. az Congress shall think ~.
ne gnneral principles on which the 63si revision .
~ nc tara &C. 90 r@sf afr, perhaps. simple
I'd ssy % be apprehsuJed. but The work Of rev, /
'On i'eii 20 iis s'is iian. end detail. must he n
'ofN o. llme u should be done on calm rsGee.
'.h Anl cafsiui de!iheaiion. with view % reclU.
w. - laf a. possible The cOnntcIg opinions. and
piprnoif OF The various interests ~ the whole
eopie Ut fhese United States And % may be H.,
'',anL in iha ndJuHmeui, not only 10 reciprorsfe.
iaf and eq'al principles. and IN liberal rplrir
- CONCESSIONS which may be accorded to our com,
efoe ~ iweisn nations. bot aso % do iustice d,
lL own citizens by meetiRE in r. like equal spirit
20 heaVy FRACTIONS OF prohibitions which f1rorrr ,
lions may ih'os ~ 10 impose upon The importation
our siaple productions q
S0ne legal provisions are alec required % cor,sr
CAPABILITIES between fbe duties upon sugar and y,- O
anuaciured Or distilled from freien material, n
relation 5stwssn The juty end iho drawback e