The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1842-05-13
- o ltttral.
THE FINANCES or THE UNION.

From the Report of the Secretary of the Treas
ury under date of March Z, 1871. and comniunl-
Gated TO Congress, with the approval of the Pres
ident, on the 9Th of March 1912, 1t appears
lsl. That the estimated expenditure during The
months of March, April and May, exclusive Of the
redemption of Treasury Notes, is rs. 10Y ,OI0 be-
ing at The rate Of an annual expenditure Of $780,
1856, l60.
I'd That the total estimated revenue during the
same months excluding the proceeds of the pub
land set apart for the States, is SO, 1875, 900.
Sd That. consequently, tho estimated excess Of
expenditures over receipts, in these months, is
$I,9S4 ,O40.
4lh That, during these months, the Govern
ment will be obliged TO eXpend the money Oh hand
on the Isl of March, (being $74l6,OOO,) the accru-
ing revenue, and The money 10 he realized under
the incorporated power To Issue Treasury Notes,
(bring 1853, $3.50 aud that there will still he
u deficiency, on The inst Of June, Of 1921,
Csc.
5h That, the liabilities of the Treasury, until
line Isl Of June neat, will be us loliows:-
Deficiency, S3,2jl $50
Treasury notes outstanding. 9,127, 20S
Loan negotiated, (ubouU, 6,OU0,OOV
Total debt, S,9Sl 1874
Anu Int llcuSuTl VIII Uc IlIiOJ "a GIN
GLE DOLLAR On HAND
such are the estimated operations of the Treas
ury, durUg the months Of Starch, April and May.
Let US Sue what They were during HE month Of
February.
On the LIST of that month, the total amount Of
Trensur, Notes outstanding was SG,592 ,U4S On
the LIST Of March, the total amount was $685.
il5. I he increase Of Treasury Notes. during Feb
ru,ry ,,oc ihnr.lnrp u vl7 Un7 and thai suui
represents the excess OF expenditures over receipts,
IN that single monM Of iweaty-eiyht duyI
Under such circumstances, who wonders that
The Government cannot negotiate even II d per
cent stock, that its Notes are constant subject Of
protests, and that they are at a rulnous deprecm-
lion?
And what do the re(Ormers now in power, pro-
pose us reucdlrs for evils 50 extraordinary and ai-
dieting Win they at length practise the economy
he, preached viii they acknowledge the stu
pdy of the land distribution act, and repeal it
None of these things do they propose, or will
they permit 10 be done. J heir remedy il, TO ud-
,elliSc The stocks of The Government, AND SELL
HEM FOR WHAT THEY WILL BRING!
I his Is what The COMMITTEE OF NaNS aud Means
propose, aud This is what the lhn'rnan Of that
Committee (Nr filmorc) says the etaIy OF the
rc"suN ut, iaes.
The ci,izrns of New York City alarmed at these
-lcns If the iiurs, have held ,Nss meeting with.
oLl distinction Of patty, 10 invoke the patriotism VI
HE cotnlIl against policy thus FAMOUS III al,
lis parts, Ought not the cl'lzenS of New York to
receive an approving response from the whole PEG.
pie ! Does there not exist II crisis sufficiently mo
lrcn,ous, to drown for time the dlScordlnt voice
of faction " ho longer will defend rulers, 50 IN
excusaby stupid, or alrociously corrupt! Who
longer, III sight of Ii bankrupt Government, and Il
ruined country, will uphold an administration. al
once 50 ridiculous and deestable'
The distribution Act must be repealed. Re.
trenchnent must be the order of the day. a fac
lious Congress, idling away It's time in the mJs
Of disasters 50 appalling, must be admonishcd that
there is point beyond which popular orbearance
cannot safely be tried. Meetings should be held
in every town and village. in every part of the L.
hon, to express The sentiments of the people, at
this critical junc,ure Of affairs. The conmercial
en- porum has started The ball, and every patriot
will wish it, God speed !-.Mai@e Age.