Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1841-06-19

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each State the care Of It's domestic con-
Germs, and devolying on the Federal Go
verninent those Of general import, admits
in safety Of the greatest expansion, but at
the same time, | deem it proper to add
that there will be found to exist at all
times an imperioas necessity for restrain
ing all the funetionaries Of this govern
ment within the range of their respective
powers, thereby preserving d just balance
between the powers granted to this govern
ment 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 accrGlng, are INSULT
cient to supply the. wants Of the govern
ment tor the current year. The balance
In the Treasury on the fourth day of
March last, not covered by outstanding
drafts, and exclusive Of trust funds, is es-
tlmated at $780, 900. Th@ includes the
sum OF S2l5,000 deposited in the Mint
and its branches, to procure metal for
coming and the process Of coinage, and
WhlcFi could not be withdrawn without in
convenience, thus leaving subject to draft
in various repositories the sum Of $685.
600. by virtue of two several acts of
Congress, the Secretary of the Treasury
was authorised to issue, on and after the
fourth day of March last, Treasury notes
to the amount Of $o,4l3,O0O, making an
aggregate available fund of 6,058,0 900
on hand.
But this fund was chargeable with out
standing Treasury notes redeemable in the
current year and interest thereon to the
estimated amount of S5,2s0, 900. There
is also thrown upon the Treasury the paw
ment OF a large amount of demands ac-
crned In whole or in part in former years,
which will exhaust the available means Of
the Treasury, and leave the accrui1g re-
venue, reduced as it is in amount, burden
ed with debt and charged with the current
expences OF the government. The aggre-
gate amount OF outstanding appropriations
on the 4th day Of March last was $780,
42e,615 80, Of which $24,2lO,00O will
be required during the current year; and
there will also be required for the use of
the War department additional appropria-
tons to the amount of $2,511,l3 3 99, the
special object Of which will be seen by re.
ference to the report of the Secretary of
War.
The anticipated means of the Treasury
are greatly inadequate to this demand.
The receipts from customs of the last
three quarters of the last year, and the
first quarter of the present year, amounted
to Sl2, 100000; the receipts for lands for
the same time to 81, 7i2,450; showing
an average revenue from both sources of
Sl,236,e70 per month. A gradual ex-
panslon OF trade growing out Of a restora-
J ton OF confidence, together with a reduc-
zion IN the expenses of collecting, and
pu. 7ctuallty on the part Of the collecting
Office RS, may cause an addition to the
monthly receipts from the customs. They
are estin. tted for the residue of the wear
from the 4'hof March at $4,000 900;
the receipts ilon the public lands for the
same time are estimated at 2,500,0 900 dol
lars; and from miscellaneous sources at
l7O,010 dollars; h'aking>an aggregate of
available funds within; the year Of 14,67o,-
900 dollars; which WI leave a probable
deficit of l1,406,l32 collars So cents.
To meet this, some temporary provision is
necessary, until the amount can be absorb
ed by the excess of revenues which are
anticipated to accrue at no distaA,t day.
There will fall due within the net three
months Treasury notes of the issue o. 1910
including interest, about 81 $500, 600.
There is chargeable in the same period lar
arrearages for taking the sixth census,
$29i 1000; and the estimated expenditures |
for the current service are about IS, l00,-
900, making the aggregate demands upon
the Treasury, prior to the first Of Septem-.
Der next, about l~1,340,000 dollars,
The ways and means in the Treasury,
and estimated to accrue within the above
named period, consist of about $4,000
dollars of funds available on the 2sth ult.;
an unlssued balance of Treasury notes
authorised by the act of T841, amounting
to 100000 dollars, and estimated receipts
from all sources of 100000 dollars,
iii"hihE az o5SicSdkS VI dDoul OsfoUsUVO
dollars, and leaving a probable deficit on
the LIST Of September next of 4,Sl5,000
dollars.
In order to supply the wants Of the govern
ment, al intelligent constituency, in view OF
their best interests, will without hesitation,
submit to all necessary burdens. But it is
nevertheless important SO to impose them as
to avoid defeating the just expectations of the
country, growing out of Fre-existing laws.
The act OF ID March 1888, commonly called |
the compromise act, should not be altered ex-
cept under urgent necessities, which are not
believed at this time to exist. One year only
remains to complete the series Of reductions
provided for by that law, at which time provi-
sions made by the same law, and which then
will be brought actively in aid of the manu-
featuring interests of the Union, will not fail
to produce the most beneficial results. Under
a system of discriminating duties imposed for
purposes Of revenue, in unison with the pro-
visions of existing laws, it is to be hoped that
our policy will, III future, be fixed and pernaa-
nent, SO as to avoid those constant fuctuation
which defeat the very objects they have in
view. We shall thus best maintain a position
which, while it will enable Us the more readi-
iF W IllcSb Litc dufGLCSS Vi UbIST countries
calculated to promote our trade and commerce..
will at the sane time leave in our own hands
the means Of retaliating with greater effect
unjust regulations.
In intimate connection with the question
of revenue is that which makes provision for
a suitable fiscal agent capable Of adding in
creased facilities in the collection and dis
~burssnont of the public revenues, rendering
more secure their custody. and consulting a
true economy in the great, multiplied and
delicate operations of the Treasury depart
ment. Upon such al agent depends in an
eminent degree the establishment of a cur
reney of uniform value, which is of So great