Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1841-06-19

and exclusive Of lFusl idQ0s j. t>tulAttH ny S''oH
600. THIS includes lde sum Of S2l500J depos +
tied N The riut and Is branches 70 procure metal +
cor coming and 10 prEsess Of coinage, and which /
could not be W,h5mwu without incouFsnente-
thus leaving sub5sg, JeiJraft 10 the various denas- +
tories he sum III Sl45.ulQ By NHue 81 two /
several acts Of Congress, the Secretary q he I
Treasury was authorised to issue, on and alter
the fourth day Of March last, Treasury notes q
The amount Of S5,A3,01U, making an aggregate
available fund Of S6,05s, coo on baud.
But this fund was chargeabe with outstanding
Treasury notes redeemabIe m the current year
and interest thereon, 10 the estimated amount o.
i've million two hundred and eighty thousand doll
lars. There IS also thrown upon the Treasury
the payment OF a large amount OF demands ac-
crued IA whole or in part 10 former yeafs, when
will exhaust the available means OF The ltcasa-
~, and leave the accrulng revenue, reduced as It
S in amount, burdened with debt and charged
with the current expenses ottAe Government
The aggregate amount Of outstanding aPpropua-
lions On The fourth day Of March last was S55,-
429, 6I6 so, Of which S24,2l0,uuu wtII be re
ouired during the current year, and there will al
50 be Iequred for the use Of the War Depart
menl additional appropriations 10 the amount o,
S2,5lI.I32 9s, tie special objects OF which VIII
be seen by reference to the report OF the Secfela-
~ OF War
The anticipated means Of the Treasury are
greatly inadequate to this demand, The receipts
from customs Tor The last three quarters OF me
las year, and the first quarter OF The present yeaf'
amounted To Sl2, lU0,U90; the receipts tor lands
for the same time to S2742450; showing an aH-
erage revenue from doth sources Of l236,S7O
per month. Agradual expansion OF trade grow
! inr out of a restoration oil confidence together
with reduction IN the expenses OF colecung'-
and puucnahty on the part OF collecting oIAcetS'
NAV cause an addition TO the monthly receipts
from customs. They are estimated ior The TEST
due Of the year, from the loulth OF March, at sI2
100000, the receipts from the pubic lands loi
the same time, are e. tmaled at S2,oJ0,O0U, and
from miscellaneous SO urces at Slfu,uuu, making
an aggregate available funds within the year OF
Sl4, go, 600; which will leave a probable dehcit
of SIl4U6,732 9S 40 meet this, some tempo
rary provision is necessary, unt the amount can
be absorbed by the exces revenues which ae an
tlcipated to accrue at no distant day.
There will fall due within the next three months
Treasury notes OF the issues OF lS4U, including
interest about S2,S58, 900. There is chargeabIt
IN the same period for arearaees los taking me
sixth census 1924, 700, and the estimated eXpch
dtures for the current service ale about -, NO,
600, making the aggregate demands upon th'
Treasury, PRIOR TO the inst a September nest
about Sll,340, coo.
The ways and means in the Treasury, and es
tmated to accrue within the above named peao'
consist Of about 100000 Of funds available o.
the 2Slh uIL, an unlsaucd balance d Irca>ar
notes authorised by tie act Of ls4l, amounting
TO Sl,gjj,Og5 and estimated receipts from al
resources Of S3S00,0OO, making an aggregate
Of about S6,45o,uOc, and leaving probable De
fen on the inst Of September next Of $l,Sl0,
GOO
In order to supply the wants Of the @oyeu
ment, an Iutolgeul constituency, N view OF ihel
best interest wll, without esDtauon, submit
all necessary burdens. But II IS nayeIlhe es'
important 50 TO impose them as to AVOID deleaiin
the lust expectations OF the country, growing OF
: If nre.fxlstnc laws. The act oil March 2nC
1888. commonly called the compromise ac
should not be altered except under urgent oecc,s
. ties, vhIch age not believed at this time to exist.
y One year only remains to complete the scenes
reductions provided for by that law, al which TIN
, provisions made by the same law, and winch the
; viii be brought actively III aid OF he manuiaclu
. lnp interests Of tie Union, Will not iat to produ'
e The most beneficial results. Under a system
9 discriminating duties imposed for purposes ct re
l. cnnc. IN unison with the provisions oil cxlsur
y lawsuits TO behoped that our policy wlln the f
~ tute, be fixed and permanent, so a. 10 avoid tho
constant, fluctuations which defeat tue very o
" iscts tney have IN view We shall iAus best mat
N lain posltlon which, While It viii enable US mo
q, readily 10 meet the advances Of other couutr,
" calculated 10 promote our trade and commrce,-
- will at the same time leavc III cur own hands
90 means Of reala,ing with greater effect unjust re
:, uIatlous.
10 In intimate connexion with the question Of 7
~ venue IS that which makes provisions Tor sun
- Bile fiscal agent, capable Of adding increased
~ cinIes ia The collection aud disbursement Of
- public revenues, rendering more secure Their CT
= lody, and consulting true economy IN The grt
~ multiplied and delicate operations Of the lfe'
~ ury Department. Upon such an agent depen'
- 10 an eminent degree, the establishment OF a g
~ rency Of uniform value, which IS Of 50 great II
' poltdnce to all the essential interests OF socei
" and on the wisdom 10 be manifested n It's ere
~ uon much depends. So intimately lnler~oY
are It's operations, not only with the Interests
cav individuals, but with those Of the States, that
e! may be regarded in great degree as controls
~. both. llpaper be used as the chief medium
~ circulation, and the power be vested IN the u
:" eminent of ISSUING II at pleasure, either IN
". form Of Treasury drafts or any Other or II ban
"a be used as the public repositories, with liberty
= regard all SURPRISES from day to day as SO mt
-, added TO their active capital, prices are expos
no' to constant fluctuations, and industry to sey
gig suffering In the one case, political console
rm nus ,oyail n tho oh