The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1841-06-08

continue 70 prrgrcas 10 ratio which duplicated "a
u pc, iod o. weriy-tiiree years. The old States
contain ntarrtory sufficient in itself smarntain q
pouIaiion of additional inillons, andihe most pop
.ulous orihe new States may even yet be regarded
as bat partially settled, while Of the new lands
This side Of The Rocky Mountains, to say nothing
of the immense regun which stretches from the
west OF those mountains to the mouth Of the Column
ba river, about 600 of acres, coded and on
coded sill remnin to be- brought into marlSe;. We
hold out TO the people of other countries an invita-
ton 10 come and settle among members Of
our rapidly growing family and, for tho blessings
which offer them, we require OF them to look
upon our country, and unite with us in the great
usk Of preserving institutions, and thereby per-
petvating our liberties mo motive exists for foreign
conquest. We desire to reclaim our almost unlim
tied Wilderness and 10 introduce INTO their depths
tho light of civilization While we shall at all
times he prepared TO vindcatc the national honor,
our mos: earnest desire VIII be 10 maintain an un-
broken peace.
In presenting the foregoing views, cannot with
hold the preston of The opinion that there exists
nothing in the extension of our empire over our nc
knowledgcd possessions to excite The alarm OF the
patriot for the safety Of our institutions. The fed
erative system, leaving 10 the care Of ench State
the care OF lis domestic concerns, and devolvlng on
the federal Government those Of general import, nd
mits safety OF the greatest expansion, but, at the
same time, deem il proper TO add that there VIII
be found TO exist at all times an impcrions necessi
" for retaining all the funcriondries Of this Govern
ment within the range Of their respective powers,
thereby preserving just balance between the pow
crs granted to this Government and those reserved
TO the States and people.
From the report ofthe Secretary Of the Treasn
nv, you will perceive that the fiscal means present
and accruing insufficient to supply The wants
of the Government for the CUR ent year. The bal
anco in the Treasury the 4!h day of March last
not covered by outstanding drafts, and exclusive Of
trust funds, is estimated at. $S60,000. This in.
cludes tie sum Of $?l 900 deposited in the mint
and its branches to procure metal for coming and
in process of coinage, and which could not 30 with
drawn without Inconvenience, thus leaving sub
ect TO draft in the various repositories the of
$645, 600 BY virtue oftwo several acts of Con-
gress, The Secretary of the Treasury authoriz,
ed To issue aud after the 4li day of March last,
Treasury Notes TO The amount of $S5 A 900, maxi
ing an aggregate OF available funds Of $6O5S, oU0,
on hand.
But this fund was chargeable with outstanding
treasury notes redeem able in the current ear aud
interest thereon TO the estimated amount of f I'VE
million two hundred and eighty thousand dollars.
There Is also thrown upon the Treasury the pay
nent of large amount Of the demands accrued IN
whole or in part in former years, which will ex
haust the means Of the treasury, and leave the
cruing revenue, reduced il is in amount, burden.
ed With debt and charged with the current expen-
ses of the Government. Tho aggregate amount of
outstanding appropriations the fourth day o.
Murch last 1913 ,429,6lG so, Of which 1924 ,2I0,
900 will be required during thu current year; aud
will also BIO required for The OF the war depart
ment additional appropriations TO the amount OF
two millions five hundred and eleven thousand one
hundred and thriy-two dollars and ninety eight
cts, the special objects ofwhich will be seen by ref
erenoe TO the report of the Secretary of War.
The anticipated means OF the Treasury are great
ly inadequate to this demand. The receipts from
customs for the last three quarters ofthe last year
and the first quarters of the present year, amounted
ed to 10000 900; the receipts for lands for the
same lime to So 742 ,450; showing an average rev
enue from both sources of 81 ,236 $50 per month
A gradual expansion Of trade growing OUT fla res>
oratiun circumference, together with a reduction I
n the expenses Of collecting, and pnnc,uality on
he part of collecting officers may cause an add. |
ion 10 tire monthly receipts from the customs.
They estimated for the residue OF the year from
the fourth of March at $i2 1000 900; the receipts
from the public land for the time are estirnat-
ed at So 800 900; and from miscellane sources
at $4,000; milking an aggregate of available
funds within the year OF $4 $40 ,000 which would
leave probable deficit Of $ll ,406,132 90. To
meet this, some temporary provision is necessary,
until the amount be absorbed bv the excess of
The revenues which anticipated TO accrue at 10
distant day.
There will fall due within the next three months
treasury of the issues of I840 including inter
est, about So, $50 900 There is chargeab!e in the
same period for arrearages for taking the sixth CEN
sus 1924 900; and the estimated expenditures for
the current service abont $3,100,000, making
the aggregate demands upon the treasury, rrior to
the first Of September next. $ll 100000. The
ways and means IN the Treasury, and, estimate ted
TO accrue within the above named period, consists
of about 1904 900 of funds available ON the 2sth
ult.; unissned balance OF Treasury notes author
ICED by the act of>lS4l amounting to 81 ,955 900
and estimated receipts from all sources, of S., 800.
600, making aggregate of about &c. 45O 900, and
l~t.I i -E- IL