Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-06-08
STATE OF THE FINANCES,
At the clOIe Of the last Administration
. TREASURY DEPARTMENT
March 2. lS4i

March2, lS4i
In pursuance Of a suggestion by the
President, the secretary of the Treasury
submits, with his resignation, general
statement Of Tie fiscal operations Of his
Department, since the last annual report
in order to show its condition till the close
of his connection with it.
So far as yet ascertained. the ordinary
expenditures for the year lS40, ,have since
that report, proved 10 be less than those in
1889, by, the amount then estimated
Of between two aud three millions Of dol
lars.
The revenue has turned out, also, 10 be
nearly the same Jas then calculated, making
in the actual result-though affected by
fluctuations in imports almost uneXam-
pled-litlle or no variation from the eSti.
mates in 1889, beyond what has been the
average annually, for the last quarter of
century.
The available balance Of money in the
Treasury, at the commencement Of lS4l
. including, as was before computed, what
!
lectors, receivers, and the Mint, sub
iect to draft, has proved to be about as
much as was anticipated in December
last
The only material difference, and which
has cen since explained to the proper
committee, was caused by some new char
ges imposed by Congress, through new
appropriations, which would otherwise
have fallen on lS4l, and some failures
by the indebted Banks 10 pay so much in
1910 as was expected.
The power remaining on thelst OF Jan.
uary to issue Treasury notes, constituted
another Of the fiscal means orthe present
wear, and il has been ascertained TO exist
in an amount somewhat greater than had
been estimated.
Hence the present year commenced
with resources on hand quite equal tn the
aniicipatiOns previously formed The
differences before named were fortunately
Of a character not to charge the fiscal con.
ditiOn Of lS4l--as in proportion 10 their
respective amounts, the receipts in that
year will probahIy be larger, aud the
expenses smaller.
But Notwithstanding this, it was deem
ed very important, as detSiled fully in The
annual report, TO obtain at an early day
the aid Of surne subsidiary means, with a
view to guard against fluctuations and
contingencies generally, as well as TO
eqdal,ze the receipts and expenditures
during I64l, the latter being likely
to fall very heavily on the first quarter of
il.
Accordingly, as had been done on
some similHI occasions since the Pnblic
debt was discharged, and the current
revenue diminished; these means were
requested by'Ihe Department the first mo
Tent ,raciicahle after the session began,
being in the annual report itself. The
additional COMMUNICATIONS in this and 9th
or years, urging complance with such
requests, were made only 10 devel0ps
new facts and reasons, which had in the
meantime occurred favorable 10 prevl-
Qua recommendations.
Although the aid was not in this IN
Starce furnished as early as desired, yet
the Department has succeeded IN com
meRding its funds so effectually as with
theexisiing resources Of the first OfJann'
-ary, and The current receipt afterwards,
to meet all the authorized claims that
were due and presented during the
severe pressure experienced in that
month.
Since the desired aid was furnished by
the passage of the new act concerning
Treasury notes, in February, no necessi
" has arisen to issue any of them. solel,
with view to defray claims already pay
able. But in consequence nf the public
convenience being InnCh promoted b.
advances Of wnney for pensions. befor
=, they would fall due, on the 4lh of March
those advances have been made; and al
amount ofnoies under the new ACT ha
consequently been issued, equal to Vbou
$S0O,OOO. This is moi so great by $3.50
600, as the sum which has already bee
forwarded on account ofthose advances
No greater amount fOT any purpose, an