New-York tribune. [volume] (New-York [N.Y.]) 1841-1842, 1841-12-25


From bond of Bank
oft. States 1O,3I5 %
From Treasury notes 100000 90
From Loan
Reed $2,292 780 o.
Estimate for balance
qr.. 100, 900 90
1902 30 o.
Making the total estimated receipts
for the year 3O4lO,I65 II
And with the balaace in the Treasury
on the LIST of January last, an ag-
gregate Of. 1850 ,5l2 81
The expenditures for the three first
quarters Of the Presen, year have
amounted to. .......24734,34 6 81
VIZ:
Civil list, foreign intercourse and mis-
cellaneous $4,615.363 81
Military service -. 0,834.I04 as
Naval service ..-.-. .229,9s6 "a
Treasury Notes re-
deemed, including
interest ....-.... 5,027,81l Is
Public debt .------- 27,O8O ID
The expenditures for the 4h quarter
are estimated, on data furnishedb by
the respective departments, at. 7,29O,'25 -
Civil, miscellaneous and foreign IN
tercourse ....-.. 81 ,53l,205 a.
Military,service. 3,l69,773 sd
Naval service 1900 1,966,560 80
Interest on loan 'U,UUU w {.
Principal and interest .
on Treasury notes 503,ls3 50
Making 80 OPS, orc 70
And leaving deficit to be prcvided----
for on the lst January, l842---- 627 ,oo' W
1t being essential that this deficit, arising from
the failure in efecting more than portion OF the
loan authorized by Congress at its last session.
should be provided for by means that might be al
once available il is recommended that an lmmedi-
ate issue of Treasury notes be authorized to meet
the emergency.
H. Ofthc Estimates Of the Public Reusnue and
Expenditures for The Year 1912.
The receipts for the year $40 are estimated as
follows
From customs. $40 900. 900 90
(Arising from dues accruing in
1S4I, and payable in
1912. SO 100000
From duties accruing
and payable in 1912 j S, 600 ,600)
Treasurr notes $4,000 90
Miscellaneous sources. 10000 90
$l9,2OO,O 900 90
From which deduct the estimated
deficiency on the lst of January
1G42 o2f 10Y 9u
Leaving this amount applicable to-----------
the service of the year 1872 l8,572,41O III
The expenditures for the year 1912
including s. 900, 900 for the re-
dempton of Treasury notes,
are estimated at. ........ 1921 ,OlO IS
Leaving TO be provided for this
amount .----.... l4,2l0,0iU 90
The receipts from the customs for the year 1912
depending for their upon the action OF
Congress, at its present session, In the adjustment
OF the Tariff it is practicable to form estimates
OF the revenue which may be derived from that
source with much precision. Those now submitted
have in view the present rates of duty, and thci
final reduction 30 per cent. ad vaorem after the
30th of June The scale of duties thus
ablished has been necessarily assumed the basis
OF calculation for the remainder of the year 1912,
estimated with reference to the anticipated i'm
portatons of that year, compared with the average
lmportatons Of former years
In the estimated receipts, the amount which
will come into the Treasury from the sales ct the
public lands in 1912 has been excluded, AS The act
of Congress of the 4th of September last directs
its distribution among the several States and err
rtories.
With regard to receipts from the loan already
authorized by law il is 10 be remarked that, owing
10 the short period which is TO rlapse before 1T be-
comes redoemabe, together with the unsettled
state of the money market, it would not be safe to
expect that any considerable portion will be ob-
tanned for the service of the year 1872 before the
expiration of the time limited for etfecling it.
The law authorizing the issue of Treasury Notes
also expiring early in 1872 lot more than $4,000,
it is supposed, can be made available from that
soIrte
In estimating the expenditures of the year 1912,
it is assumed that no other appropriations will be
made than those now submitted in the estimates
from the several departments and tina. the bal
ance of those appropriations unexpenied a, the
end Of the year 1912, viii be equal TO that the
close of the present year.
Ii Is proper farther TO remark that estimates OF
expenditures can only be made for such as may b.
required under existing laws, and arise in the or
binary operations of the government. The power
OF appropriation, well as the power OF raising
revenue, being at all times in the hands OF Con
sress, this Department cannot found estimate:
upon ITS own sense OF what the public interest may
be thought 10 require, especially AT time when
me condition OF the country may be supposed to
call for more than ordinary means of defence and
security.
The amount required for SURVEYS of The public
lands and the compensation of the officers EN-.
Played IN that branch OF the public service. being
pay able out o. the proceeds of the sales Of tboss
lands, is included in this estimate Of -xnsn.
di,ure.
10 meet the deficiency in the YEAR is4s .mou,..