The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-08-16
RArss OF Fo,zres BILL. IN New York.

The Bank Of America received to-day, in gold from
France about S2eoOOo probably the proceeds of bills
mitted.
The navyofce received small sum of money on Sat.
urday to pay off its dshenored claims They boosted
much of it, however and the funds speedily exsaus-
ted leaving large unsettled The acceptances
oil the department drawn for the supplies in Florida and
discounted atHavana at 2a3 per cent than private
pis are now dishonorcd in the markets parties receiving
these as remtances notify their to take no
more such. By this process the wheels of the govern
ment are gradually stopped what the result will be time
will show.
Inc condition OF stock securtesIhas by no means i'm
on the contrary new causes of dstrus and alarm
have sprung up The most serious which is the posi-
ton of the Federal Government When the new admin
straton came into power the 18th of March 1871 the
expenditures ofthe government had been brought within
very compass and the estimated receipts inclu
ding the public lands, were not only sufficient to meet
those expenditures, but to discharge the s5oOOoo of
Treasury then outstanding and which constituted
the whole debt of the government There was it Is true
$2S 00O the savings of the former administration de-
posted with the States until the government should re-
quire it, But little disposition manifest pay this
back according contract longer reckoned
among the Of the Treasury. At the close of the
year appeared that the estimate of receipts right the
revenues having realised very nearly the stated by
Congress but the extra session had far raised the
penditurss that the outstanding debt at the close of the
year had been increased about 100000. During the
SIX months of the present year which has elapsed the
debt has been still further increased notwithstanding
that the tariff was raised in September last by per
duty on most Of the articles Heretofore Free This
tmaed to yield s5ooo0oo per The revenues, from
the customs have therefore, Notwithstanding the great
aucon OF duties which took place after the LIST JAM 1872
peen hgher by slcooooo than during the same period
Of the previous four years. excepting $780, This has not
however prevented ans increase of the National debt
which is follows
,NATIoyAL DEnr THE UNirrp sr,rrs
Debt OF District S eSG%sii md ed debt so
AS'' ''r!' ''''' 81 'sii 3 81 ss 1900
Treasury notes outstanding, IOo0a a,a
Actual debt, August. 1872, ias,s,7
Stock on the market, al, 20,
Debt, actual and authorised Goa 9ao 3oo
increase in 10 months S2t es0 soe
This does not include arrcarages protests and dshonor
ed obligations of which the President his mes
sage $4,000 Navy bills. Wehave not included them
because the stock the market will them if the
money is obtained If the debt will exist in the
shape of dshonorcdlpaper. These the fruits of
ira sessions" retrenchmens" and above all relif to
the people,
With this alarming state of things what the prospect
ahead Existing laws give away the lend revenues which
proper agement might yield 50 900 900 per an
The President in his message that the Gus.
receipts s5oOoo per week This 20 per cent
On the imports under the present mode of valuation which
as understand it, is to add so per cent to the foreign
cost deduct 10th of the whole amount and then
dutesuPon the remainder. Thiswould make the imports