Jeffersonian Republican. [volume] (Stroudsburg, Pa.) 1840-1853, 1841-06-09
No I6

base OF those mountains to the mouth of the
Columbia river, about 77O,OOO,OOO of acres.
ceded and unceded, still remain to be brought
into market. We hold out to the people of 9th
\ er countries invitation to come and settle
among us members of our rapidly growing
family; and, for the blessings which we offer
them, we require ofthem to look upon our coum-
try as their country, and to unite with us in the
great task Of preserving our institutions. and
thereby perpeuatng our liberties No motive
exists for foreign conquest We desire but 10
reclaim our almost iimitabe wildernesses. and
to introduce into their depths the lights of civ
ilization. While we shall at all times be pre-
pared to vindicate the national honor, our most
earnest desire will be to maintain an unbroken
peace.
In presenting the foregoing views, cannot
withhold the expression ofthe opinion that there
exists nothing in the extension of our empire
over our acknowledged possessions to excite
the alarm of the patriot for the safety of our in
stitutions. The Federative system, leaving TO
each State the care of its domestic concerns,
and devolving on the Federal Government those
of general import, admits in safety of the great
est expansion but, at the same time, deem it
proper TO add that there will be found TO exist
at all times an lmperious necessity for restrain
ing all the functionares Of this Government
within the range of 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 the
Treasury you will perceive that the fiscal
means present and accruing are insufficient TO
supply the wants of the Government for the
current year. The balance in the Treasury Oh
the fourth day of March last not covered by
outstanding drafts and exclusive Of trust funds,
is estimated at S86O,0OO. This includes the
sum of S2l5,000 deposited in the mint and its
branches to procure metal for coming and in
process of coinage, and which could net be
Withdrawn without inconvenience; thus leaving
subject to draft IN the various repositories tho
sum of $645,000. By virtue of two several
acts of Congress, the Secretary of the Treas
ury was authorized to issue, on and after the
fourth day of March last, Treasury notes 10 The
amount of $5,4l3,000, making an aggregate
available fund of Sc, ,05S, 900 on hand.
But this fund was chargeable with ouSiand-
ing 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 payment of large amount of
demands accrued in the whole or in part in
former years, which will exhaust the available
means of the Treasury, and leave tho accruing
revenue, reduced as it is in amount, burdened
with debt and charged with the current expen-
ses of the Government. The aggregate a.
mount of outstanding appropriations on the
fourth day of March last was $33, ,429,6I6 so,
of which S24,2lO,000 will be required during
the current year; and there will also be re-
qured for the use of the War Department ad-
ditional appropriations to the amount of two
million five hundred and eleven thousand and
thirty-two dollars and ninety-eight cents, the
special objects of which will be seen by refer !,
ence 10 the report of the Secretary of War.
The anticipated means Of the Treasury are
greatly inadequate to this demand. The re-
ceipts from customs for the last three quarters
of the last year, and the first quarter of the
present year, amount TO $l2, 100000; the re-
ceipts for lands for the same time to 50, 49,
450; showing an average revenue from both
sources of $l,236, $50 per month. A gradual
expansion of trade growing out of restoration
of confidence, together with reduction IN the
expenses of collecting, and punctuality on the
part of collecting officers, may cause an addl-
ton to the monthly receipts from the customs.
They are estimated for the residue OF the year,
from the 4th of March, at l2,000,00O; the re-
ceipts from the public lands for the same time
are estimated at 50, 500, 900; and from miscel-
laneous sources at $l7O,000; making an ag-
gregate of available fund within the year of
1870 900; which will leave probable de-
felt of $I1 ,406, 80 9S To meet this, some
temporary provision is necessary, until tho
amount can be absorbed by the excess of reve-
nues which are anticipated to accrue at no dis
tant day.
There will fall due within the next three
months Treasury notes OF the issues Of 1870.
including interest, about $2,S5O,000 There
is chargeable in the same period for arrearaees
for taking the 9th census $249 900; and the
estimated expenditures for the current service
are about S6, 100000, making the aggregate de-
mands upon the Treasury, prior 10 the lst OF
September next, about $ll 100000,
The ways and means in the Treasury, and
TO accrue within the above named re
90 e j