Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1841-06-10

desire viii b. 10 maintain an unbroken
| Dcace
IL presenting the foregoing views, |
cannot withhold The expression al the
! opinion that there exists nOihilg ~ me
extension al our cmplr' over our arklpw.
lid! !cd POSSESSIONS 10 cNctc the alarm Ol
! the patriot tor the safety OF our institutions
| The FcaeraiIyc sl stem, leaving to each
state The care OF IT'S domestic conccr.ls,
and devolvlng on the Fcd>rLl government
hose ot general import admits ia safety
oi the greatest expansion, but at the same
Iinc Gcem u proper Ia add that lIcrc
VIII be ioJnd 10 exist u, all lines an I'M
porous necessity for restraining all the
iunctioDar'cS OF this z yernmcnt wnhln
the range of iheIr respective powers,
thereby preserving a just balance between
The powers granted 10 lhIs goverln"nt
md those reserved 10 the States and to
he people.
From the report OF the Secretary OF
the Treasury, you wll perceive that the
li,cal mealIs present aud accruiug are
insufficient 10 supply the wants OF The
Government for The current year. The
balance Ia the Treasury on the fourth day
oi March last, not covered by outstanding
drafts. aud exclusive of trust funds, Is
estimated at SS6O.OO0. ! his includes
he slm Of S2l5,O0O depos ted IN The
lllut aud rs branches TO procure metal
Tor coming and IN process Of Coinage and
which could not be Withdrawn without
Inconvenience thus leaving subj CT 10
lrail IN the various depos,,orles the sum
ol So 10000. by virtuc "f two several
acts OF Congress, tie Secretary Of the
Treasury was authorized to issue, on aud
after the f,u.lh day Of March last, Trca.
Jury nutcs 10 The amount OF 50, l3, 900,
making an aggr, gate available fund Of
SO, ,O5S 900 on hand.
But this lund was cliargcabIe with
outstanding Treasury notes redccmnbl.
IN the clrrent ear and interest thereon
. the estimated amount Ct five million
two hundred and eighty thousand dol.
lars. There is alsI thrown upon Tie
Treasury the paymcnt ola large amount
ot demands incurred in whole or IN part
~ former years, which will exhaust the
available maahs Of the Treasury and
leave the actruins revenue, reduced us i.
Is IN amount, burdcncd wuh deb, and
charged with the currcnt expresses Of the
Government. The aggregate amount oi
appropriations on the 4rh d,y
Of March last was $33,l20,6lG 81, Of
which S2i2l0,0OO VIII be required |
turing the current year and there viii |
also be required for the use of the War
Department additional appropriations to
The amount OF two million five hundred |
and eleven thousand one hundred and |
!hlty-two dollars aud nineiy eight cents.
ne special objects oi which will be seen
'y reference to the report oil tn, Sccre.
AIRY o. War.
The anticipated means of the I'reasu.
ry are greatly inadequate to this dem. !.
The receipts from customs for the last
three quarters Of the last year, and the
Iirsl quarter OF the present ycar,9mounled /
10 Sl2 100000 the receipts for lands
or the same time 10 S2,142, ,420 show.
ng an average revenue from both sources Il
1t Sl,236 SO per month. a gradual
expansion oi trade, growing out OF res.
ora;ion of confidence, together With |
reduction III the expenses Of collecting,
md punctualiy on the part Of collecting |
plflccis. may cause an addition TO the
monthly receipts from the Customs. They
ire estimated for the residue of the wear
Inp 4 IA q u d Al A
he receipts from The public lands Tor The
ame time arr estimated at 5000. 600: Il
md from miscellaneous sources at SI1U, II
OJ making IN aggregate of available H
md within the year Of SSlA3l5.0uO -
hich will leave a probable detict Of
II ,106, 30. To meet this, some TEN
Orary provision is necessary, until the Il
mount can be absorbed bv tie excess of
ovcnues which are anticipated To accrue
t no distant day.
There viii fall due within the mex,
hree months, Treasury notes of issues Of
Sl0.ncIudmg mtercsi, ,aboul 81 ,S5u, 400.
here Is chargeablc III the same no,jod
Dr arIearagcs for taking the sixth ccns,ls
900 and the estimated cypendi.
lreS Tor the current service are abou
100000, makihg tie aggregate de.
iands upon the Treasury, prior 10 the
81 OF Sept. next, about 1910. .OO0 dol
lr5. H
The ways and means ofihe Treasury. H
nd estimated To accrue within the above \,
lmcd period, consist of abou, S69i,OOO, H,
funds available on the 2Sth ult. and H (
llsSuod balance of Treasury notes au.
Iorlzsd 0v the act Of l-ll, amounting
81 l,9Jo,O0O, and estimated receipts
ON all sources OF SO. SOO,OOO, making
D aggregate of about SG,450,OGO, ard h
aving probable deficit Oh the lst Of
epl. next of Si,5l5 600.
In order to supply The wants Of the I
government, an Intelligent constituency
view OF lhclr best interests, will, " lin.
vi hest itlon, submit to all nccrssar, \ ,
Irdcns. But II ~ Lc,crtheless inc ort.
II so TO impose them as To avoid defeat. -
< The just expectations Of the cJuntry, II,I
owing oui OF prc.cXising laws. The =.
t Of the I'd March, 1888, Commonly =,
He'd the compromise act, should no, be II
ered, except under urgent necessities.
hich are not believed al this time to ex. >,