Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-01-06
From hc FirYor4 Y5acs. I.
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Alter DELAY OF about three weeks the
Of Congress commenced, the report OF Mr. Forward on
the stale Of the finances, has made is appearance We
believe this the first, Tina, III" report Of the s.
cre,arv of the Treasury has not been Submitted n the
CONNIE ncement OF Tie session. The task vas no
doubt unpleasant enc, II not !a5nrlous one, and
this may account for the delay, which Is perhaps Of
very little consequence; although the Wings would
have made prod Gious noise, II Mr., Woodbury. had
DELAYED his repor, three weeks beyond thc usual time
We have iaul: 10 find with the report, be-
eve that il exhibits true and honest statement OF the
present condition Of the public finances, and such
estimate OF the pts aud expenditures for the next
year, accu!Gs with the S-cretarys best Judgment
and knowledge the subject. II hears is pce
evidence oil honesty and sincerity winch could be
said OF any OF Mr. Ewing reports, whose w,l;ul
statements Of facts aud figures only eqGal,ed hy
his notorious blunders This report asn, has the
ri q. beng ineligible and clear TINT there
h. mistake 10 the real condition OF the Treasury
Tn. observations of the Secretary The provisions Of
the n, Of 1898. ami tie general subject Of rev
s,on Of the tariff d. not propose notice Oar
present obcc; Is, T. call ait"u"o his figures, The
sctua! condition Of the Treasury and liz iov the
ensuing year
The year seems, have been 81 $40 and the
mated expenditures for the fourth quarter ~ 2n 2,
making Tor the whole year the SUN Of S32,u25,n79.
The receipts INTO the Treasury Tor The frs; 'hree
quarters have been S23 i6l or aud Cor the fourth quar-
estimated, tina, there viii br received So St3,
les making S30, Hiatt which with the bslanc" IN
The Treasury he ifst Of January asl Of S3o' 30,
makes the of S3l ~ 5l2, as The whole revenues
ofihe year. THIS exhibits a deficiency o. So21 oo1.
OF rersnne, Sl4 900, 900 from customs Il '
45,063 were from the public lands, and :s!2O o9l
we're from miscellaneous sources, mnklng Sl3,b' loi
3, lie whole amount OF the accguing ct The
wear. The cypend therefore, lave exceeded the
revenue the Of $40 ,-l6. being something over
f0y per cent sir. Ewing made IN elaborate effort 10
prove that during the twelve Of Jackson and
Van 6uren's administrations, there have been expent
ed thirty. millions more Than the accrung reve
nue.. But he included in ~" expenditure, the twenty
eight millions deposited with The States which beng
deducted, leaves only FIVE millions Of excess oexpen
dlture during the twelve years in which We were IN
yolved in two Indian wars, which nearly, twenty
millions of doars and paid the Indians Tor Their land
than fifteen Millions and Three millions tor public
buildings.
But a Wing administration has in year, witnou
any extraordinary demand on the Treasury, expcnde,
more than sxtesm moas Ct dollars, over and above ln
revenue Of the year This deficit o. sixteen millions In
been supplied, by the balance in tie Treasury a. h
CONNIE of the year, payments rcceis from IN
Bank of the L. s rs bonds, from Stale banks Of oil
debts, bv Treasury notes and by the twelve million loa
authorized at the extra The balance III the Trea
sury have stated nearly l,000 3oG the amour
received from banks old debts was S123,l1O; frcu
the issue OF Treasury notes. S713l 635, and from 'h
author zed loan SIS 53l 000 making Sl3262 go whci
have been borrowed, and Sl.7l0,5sl Of tie balance
the TREASURY and old debts. nd after all these
ceps from loans, Treasury notes, the balance IN Ia
Treasury and pay o! old debts, there deicie
cy Of S627, 557. After spending nearly two million
of the Of former years, and more than thrice
millions which have been borrowed, the Treasury
bankrupt, and unless Congress afford imnediat
relief, ii Will soon have II suspend payment lndec
learn by letter from Washington TINT the Treasu
~ now declines 10 provide for certain descriptions
CLAIMS.
;'nch has been The first years result of Wing ere
trenchment and reform Such IS The economy aa
iinacial ability Of the who denounced the late Ad
minstration as extravaganza and incompetent 10 con
duct the finances Of the country
In regard 10 the year lci2 the Secretary estimate
the expenditures al S32 19l ,Ql0 To meet this deman
the Treasury, he estimates the from custom
al Sl9,000,0Q0 and 200G00 from Treasury notes an
miscellaneous and the land has bee
rrhnqu,shed this to be the whole receipts If The
From ths sam there is 10 he deducted Ii, deficit Of IL
present year. S627 800, leaving Tor the expenditures
the wear. SlS,5e2,ai0, and showing tricienc. ~ III
end Of the year, OF SID 2lS30 But the Secretary
ought Ia be surplus Of 2n00,0 600 in he Treasury
30 that the actual deficiency. viii be Sl6,2S570 o
about 80 per This deficiency the Secretary p.opos
es supply BY loan Tor IL years, OF So $40 000
by Treasury TO the OF 50 900 Goa, and b
an increase of duties TO the amount al S5,1lS,510-
These are his figures which, according Ia Da5oll
arithmetic make million m"re Than h" wanted.-i
thus appears, that by borrowing Sl230Hi, ami lmroS
ing ne taxes 10 the amount Of S17l-.571 this eco
nomical administration get through another year
IL ID 10 be- remembered that al the Extra Session III
duties were increased about millions, ana il i
now proposed 10 Increase them SIX millions more
But IN what condition does the Secretary propose 4
place the finances OF the country; Why, wth al! III
sectional taxes he propose, leave deficiency tn
revenue of Sl05Geceo. He does not sulgcs; an
scheme Of providing for tins deficit, doe
ha recommend reduction 81 expenditures 10 ca
"A tins deficiency by re;rrnchneIt. ii - therefore
the settled policy Ct this reforming administration, {,
cary the government by tosroscing ten or nes!s
millions annually.
And the estimates for the year III II INSIDE IN
ference TO the existing laws bn, the heads Of all Thu
departments recommend increased appropriations 10
large amount. The Secretary Of the Navy urges h'
aunnen naval force 10 At least cne-lin tina
of Great Britain, and the Secretary Of War wants on
maritime and lake frontiers lined with forts and brst
ling w,,h cannon with line Of posts extending 10 The
Pacific OCEAN The Postmaster General wishes 10 ere
ale debt of Ten millions /" hnv ~ the railroads. ant
saws his tersr:.nen, w hereafter be charge on III,
Treasury OF at least haifa million year.
Such a,e the splendid schemes put forward at time
when the Treasury is deficient sixteen millions, anc
with the proposed additional duties, more ,hon ten NIL