The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-03-18

tare. sold 81 Premium sfIwo per esni.
IL issned on aimr u wonid Be- w0FGh more;
bnt 81 tWo-sper ceni. The Gosernmsnt
would save 100000 IN loan az en
mil.ons. II you issue Treasury nolss
made relurnsble in ons year. yoB are oaly
pos,poaing ne ssil. which siil be aegra
sslsd when aha tsmr Of prsssnl.lsan
arrivss. For. a. | shall slismpt e show
The dskrIi in the Treasury . no, ism-
Porssy one. bat permanent cne which
cannot be supplied. unless lhe imParis
should be increased bey ond any reasolable
II calculation. o. The duties oh those impoHs.
o. portion al them. shanld be rsIsed.
80 thai. a. The line ihess Treasury neles
shalI rrsnrn. shs 1ressaTy will need oil
10 sssllsble means IN order 10 meet The
necessary sad current demands Of The
Gasernmrnt.
| That there 10 deficit sll serer. The
qusslion Is. how large IS IL likely 70 be
during The present yeari Ihsse no doubl
lha, u will be more ihan ten millions; IL
ceuiainly vii. Il Congress passes lhe
appropriations that are absolutely nerrs
ssry for the country. Il Is mpr. ne can
make he expenditures sny smnusl we
please. no matter how small. IL ve are
disposed 10 disbsnd the army, 20 lay up
The navy. desert our foriIiicaiIDns. suspend
our lorrign intercourse. &c. Ii resdlrg
The Tepori ef the Secretary Of ihe Urea.
sury. MAS struck With The lime ssIsing
and disgraeslBl proposition be has made.
Tor The purpose Of preserving b.l.nee in
The Treasury q The end cl lie year. lie
ssys:
.Ba, the preservation OF suitable balance
20 Tie treasury may require mere than what
will probably b. lsli after satisfying other pur.
poses. The raising Of snY SUN Tor that object
~ lsil could. how ever, be obviatej By author
sing coairaci % be made under propcr re
stiictinns. eKssndins the period u paymeni CO
portion oi iaa temporary liabilities falling due
n thai year. Yet, ia the opininn Of the uadeT
signed the bet mode afproFiding for this c4se
would be, Niihnnt either al rxieEsion 81 tn,
Kind, or loan, or further ISSUE Il ireasus /.
nnirs, or chaape IN The tariff bur mercy bB lts
SEEMING the appropriations or ths ssrrics ls4l Dc
otc the estimates. OF by passing sueb declaration,
clauses az Co ihe present iaiiH, End such act
- 10 the public lands, as hsve hercto fore beel
urged on the consideration Of Congress
Now, here is The Secretary OF the
/, Treasury, an officer whnse especial duty
. u 10 To submit an estimate Of ell the rx
! pendiIures necessary FOR the Government.
proposing in one sweeping clsnse 10
. lessen The appropriations helnw the est,
mates. withou, speelf. ing any items nI
expenditure which he would cut dawn.
! wnhout considering The absolute want,
! and sufferings ofihe country merely lol
The purpose Of making show ef economy
!. INV 1pUn h,s retirement fgnm Office. az,
! ~ wnhdTs sing stlsnnon from tina, pro
fiigscy and errs,sgsucs that hsse bank
! ruptsd the Government. Add tbs 10 the
same hsvi Woodbury., under whore al.
minisirasion Of The finances $50. 0O0, 000
a per aunnm have been expended, wihou
+. murmpr saa,nst extravaganza escaping
him. No, sir, hope 40 such ,lliberal
. narrow minded palicy 10 10 be pursue'
! here. As statesmen entrusted with lh
!, interests of the country. il is our boundei
;. duty To see that it's honor snd chsrac,e
!, shall be preserved, and all ils maj,
e branches Of defence shail he sustained
! and il there is deficiency in the revenue
growing gu, Of long period Of mIsrule
. we must resort TO other meRns-to ih'
? credit Of the Government; relying upor
r the future. for the return Of prosperity
Z and a replenished Treasury.
Z The Secretary Of the Treasury esu
4 mates the expenditures Cor the year lS4l
e as follows, VIZ:
P Civil. diplomatic, and mseelians
q GUS, E3i5n,740 l.
n Military, 7725,iiO O.
Naval, 5.4I5,339 p
: Besides these, certsin permanent
appropriations under existing
E laws will become cha geabio
r on the treasury DUNG ihe next
Il year, in sums as follows:
D Military, $4,000 oC
For other purposes.
: Public debt. including IdleTcsI aud
{ first instslment for the district
nj al Colnmbis, I4s, 200 0O
n Redteming treasury notes, 4.5uOO 600 Oi
II
!. Amounting in all TO 2a,l34,72O 2s
!, The receipts for The same year, he es.
|, Inmates as fellows,
]. From customs. SIG 600 O0u
), From lands, 5,ooO uoU
From miscellaneous, 50 600
e Expected balance 10 the treasury
!. available on lst jan. 1871, l,5s0s5i
Available from banks, 2a0 Coo
Treasury notes yet Issusble under
the act OF 5Ist March 1870. 3l2 6ls
= Amounting in ell 10 24,7ss AIS
G Thus leaving balance on LIST ia
nuary, 1s4a, Of sai Ooo
e These estimates Of the secretary have
i been proven TO be entirely lllus"ry aud
y decep,ive. The tables in his report have
i all been 60, up. worked out. and arTsae
il ell. 10 meet conclusion 10 which he hsd
9 resolved to srrlve--tha. the expenditures
a for the present year should fall wnh,S
a the receipts. Heads Of bureaus have de