New-York tribune. [volume] (New-York [N.Y.]) 1841-1842, 1842-03-10
The Finnnce@-special Message.
WAsHfNcroS. Msrcb ?. Is;q

| To the House Of Representative,
| / feel i; 70 be my duty invite your attention
to the accompanying communication from the Sc
creta.y Of the Treasury, in relation 10 the probable
demands which Will be- made upon the Treasury
Tor the present quarter. twill be seen that with
out arresting the acquisitions which will be made
By the War and Navy Departments for the months
of March, April. and May, there will be an IN
provided for deici, OF upwards Of three millions.
| cannot bring myself, however, to believe that
it will enter into the view Of any department OF the
Government to arrest works of defence now in
progress Of comIletion or vessels under construc-
ton or preparation for sea- Having due regard to
the unsettled condition of our foreign relations,
and the exposed situation Of our inland and mari
time frontier, should feel myself wanting in nly
duly 10 the Country. If I could hesitate in urging
upon Congress al! necessary appropriations tor
placing it in an attitude Of strength and security
Such recommendation, however has heretofore
been made In full reliance well on Congress as
on the well-sncsn patriotism OF the Peope, their
| hioh sense OF rational honor, and their determine,
iion 10 defend our soil from the possibility, how
ever remote Of hostile INVASION
The dinlinutiolt in the arising from The
yre,t dirnnution Of duties under what is commonly
called the Compromise Act necessarily involves
the Treasury incmbarls ssments, which maze been
|
dent Of issuing Treasury No,es-an expcdient
which, aiording no permanent relief. has imposed
upon Congress, from time 80 time the necessity
Of replacing the old by new issue. The amount
outstanding OR the il OF March. 1910, varies in
no great degree !ram the amount winch will be
outstanding on the first Of January next; while IN
| tho interim the new issues rendered equivalent
to the redemption Of the Old, and at the end of
the fiscal year leave augmented pressure ont the
! finances by the accumulation Of interest.
The contemplated revision of the tariff: Of duties
NAV, and doubtless will, lead in the end to re-
lief Of the TrcasurytroIn these constantly recurring
cmbarrassments but it mus, be obvious that time
will be necessary TO realize the full aniicipa,ions
Of financial benefit from any modification of the
I tariff laws. In the mean time submit to Con
gress The suggestions made BY the Secretary, and
JOHN TYLER.
This Message is accompanied by u Report from
the Secretary Of the Treasury, according with its
tons and stating that the Treasury labors
under pressing cmbarras smcnts. Relief had been
expected from the passage Of the Exchequer bill,
which would in effect add SO, 100000 to the means
at command of the Government, but the failure of
Congress to pass il has left the Government en-
| t1rcfN without resource. nc net revenue from
Customs for this and the two following. months i.
estimated a, only g $50 COOS tho cash on hand Is
bat si1G, 260 %, (of which 100000 belongs TO
the Statcs;) and the authorized issue of Treasury
Notes remaining unssucd amounts to but S2,G33,-
| 003 30; making the entire means within reach Of
the Department for these three months SG,3l9.-
| 353 53: against which there is required
For the redemption OF Treasury Notes 81 40
ar 81, o6o
Naval service
g Civil List, Interest on Debt, &c...... 2212,W0
Total requirements for the 80 80 OiO
From which deduct 6,3l9t53
And there remains deficit of ,225 687
Which the Secretary earnestly urges must be tenn
sorariy supplied by authority to extend the time
| for whi.l the Loan is now authorized to be ncgo-
tatcd. and to pledge distinc, source of revenue
| for its redemption.