New-York tribune., 1841-06-07
VOL. L. no. SO.

VOL. 4. no. SO.
pended the should be increased to
i'.e ''SS than si.eooOeo 90
Winch sum added tie above, makes the
estimated detct BIC OS8 o15 ~
But tie undersigned feels il h; 3,. ., al, Ola
o congress 10 ihe more immediate dcmand of m. ,,bI;
ec' and the means by which those demands are 10 b.,
The sums which viii be required from III, sr., IS INN.
the fist Of August next, estimated a. or,,, w
tor The payment of Treasury Notes which
VIII tall due within that tine, and the in
terc<t thereon about .-.-..... 81 20 ooo ~,
I Balance Tor taking the 9th Census Sst 400 NJ,
For the Civil List. miscellaneous and foreign ~
intercourse Observation-Disclosures. 1909 sos ar
S4ii"aiy service 459l, 09s Oh
HaFal do--.----. OBSERVATION-DISCLOSURES. l,Si4,00O 90
'oi'c Dtot. OBSERVATION-DISCLOSURES. 6,3S7 90
ENe"'e7 o Tue Atra Session ot Congress 100000 81
Making about -----....----.-... 81 ISL 695 81
The ways and the power OF the Treasury md
winch Will probably under existing laws ,re ~ 81,
lows ~
l. Funds in the Treasury a.
per statement (C)...... s6i436l rs
=. Treasury Notes authorized
by the act OF the 10Th Feb
ruary, 1871 sos oar OF
j. Estimated receipts from the
Ch>tonls NEUTRALITY-SUSPICIOUS.. 900 600 00
Estimated receipts from the
Lands ---..-----.----. 100000 90
Instantaneous sources 1000 90
Making ------.---..---..----- 5,9OO,So5 OF
AVA leaI'"s = dehcH 5,s5l 1888 30
lo which add the recommended 10 b,
kept in the Treasury anv eaercen-
c'cs OF the public service, viz. ..-.. 1000 OOo 0o
'iaN'"s an aggregate Of s9,a5l,383 30
In another Part of this paper the views of the Dcnar,
ment as to the mode of providing for the above deficit M
geer with the residue d; the existing public debt will be
presented.
tro' the GEAR 1916 to 1887 period of years the re-
venues constantly exceeded the expenditures hs average
ana"' surplus during that time sll,4G4226 81 (see
tables anc y making aggregate excess of 764
- W thi> there applied the extinction of the ma
9na de't s"03592 27 A and tcre was under the pro-
isons OF the act of a3d of June. 1886 deposited with the
States S!Sl0l6ii 81 and there remained on the Is, Of
January 1887, IN the Treasury of the United States ncu-
ding the 1tl inStalmcnt due TO the States n
,atpus Of s17 100 d73 os
There were. also, outstanding debt. due onJ
falling due to the Treasury, arising from
other sources than those of the ordinary
re"enuc. and which were paid between the
ist OF January, 1887 and 18th of March
l34l, to the amount of see statement d. 91o4747 0a
There were, also, issued within that period
and outstanding on the 18th of March 1871
Treasury notes to the amount Oft 564a, SIP %
Making the aggregate available means which
which were in the Treasury on the LIST of
JANUARY, 1887, and which came into it
prior to the 4th of March, lSil orcr and
= above the current revenues 3lasa73e Is
tror which deduct the amount (lcss the
irlstunds) remaining in the Treasury on
the 18th of March 1871 ....-.... s7o7l5 az
And there appears an excess of expenditure
over the current revenue oi S3I 80 ola %
IL Is proper TO remark, that the entries on the books
OF the Resiser OF the Treasury do not always show ss
true dates OF the receipts and expenditures An item ia
VOWED IN the above liable D. will serve to illus
ratc the fact The of $5l2 1876 AZ was on the Cd and
Jl't OF October 1870 paid by the Bank of the United
States on us last bond, William Armstrong sapcrntend-
cn at ort Gibson, by order of the Secretary of War
Though TINS sum In fact, received and expended on
those days it did not find way the office of the Re-
t-fQrf ~ sltp. III 81
on ms books both as receipt and expenditure.
nus and to this within the last four years vera
T expenditures pushed beyond the of the revenue
lhe were made 10 absorb the surplus in the Treasrv ,i
the outstanding debt due the Emitted Sotc. ca ,b, d.
Treasury the 4h of March, I84 exhausted of irs
means, and subject heavy and immediate liabilities T.
was already burened with debt incurred Of peace
and without any adequate except the AUTHORITY
granted by law to augment that debt.
A. provision has been made reduce this debt Or
10 check its constant and rapid increase We find it, there
tore as tar as past legislation and financial arrangements
characterize it permanent and increasing national debt
The temporary expedcn by which has been sustained do
a; all is essential character.
The attention Of Congress is respectfully invited to the
necessity of early and citctua to prevent m fur
thur augmentation The Obvious remedy is, increase tho
revenuc far may be, without unrcasonaby burdenny
commerce, and reduce the expenditures within the r.
strict economy
Bur may comport with the views of Congcsstor,
revision and dsment of the customs so long before
the of March 3D. 1888 have its final and per-
anent peraton the undersigned would respectfully
mend as temporary measure, the levy of duty Of 90 per
sd yaore all articles which free of duty
which Pa less duty than 90 per cent. except gold and
silver and the articles specifically enumerated in the 5t,
section OF the Of March ID, 1888.
Il the he adopted is estimated TINT there viii
BE- received into the Treasury from CUSTOMS the last quar-
ter OF the present year, abou. S5300090 In all of the
scar 1912 abea $500 OO0 and in the year 1843 after
the final reduction under the of March g 1888 abour
52O900000 The details Of this estimate will be found in
the accompanying paper marked (E. and enclosures.)
bee"ed that after the heavy expenditures required
for the public service the present year shall have been
provided for that the which will accrue from thar
nearly nroyiruate of Ju,,. h,