The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-12-12
The means in the Treasury, as above stated,


1t will be that exceeding two millions
and half is deducted from the appropriations already
made the ground that it will not be required to be paid
out during the fiscal year. Being actually appropriated
by Congress and liable to be used during the year.
and certainly within short time after its expiration the
undersigned has heated to deduct the amount from the
expenditures and although this has been done in confor
nifty with usage this explanation is necessary to prevent
mistake. Notwithstanding this deduction, 1t will be
ceved that there will be deficiency of more than two
millions five hundred thousand dollars To this deficiency
must be added the amount Of such special appropriation us
Congress may make during the session. in addition
to the appropriations for which estimates are submitted in
another report duty also remark that the credit
of the Treasury the facility of its operations and the
necessity Of guarding against unforeseen contingencies,
small surplus There nothing in the circumstances of
the present year to induce departure from such rov
dollars ought be added to the deficiency above stated
The whole amount to be provided for the services OF the
present fiscal year. beyond the means now existing or es-
timated would therefore be about $4,O00,OOO.
ESTIMATE REVENUES AspExrESDrTuREs FOR THE FISCAL
YEAR, COMMENCING July l, 1914, TERMIsArISa JUNE
From sales Of public lands, 2,25O,OOO 90
From miscellaneous sources, $4,000 10
sa2,soo,Ooo 90
Observation-Disclosures to the data furnished by the
different Departments there will be required the balance
of former appropriations OS026 06
Permanent and indefinite appropriations, 2,3s,ls9 OF
Specific appropriations for the service Of the
year, 2l,95O,Si4 ii
S26,s77, $50 10
This sum is composed Of the following items:
Civil list foreign intercourse and miscel
laneous Objects S4,659,904 SO
Army proper, 3,926,096 OF
Fortifeations ordnance, arming militia,
SC. 4,47s,ll2 10
Indian Department, asaos55 II
Pensions 1855, S44 81
Naval establishment, s,s94,OO7 -
Interest, &C., public debt, l,032, 7s9 OF
sas,s77,oss 10
Probable deficiency, Independent Of other
specific appropriations that may be made
by Congress, $4,577, o59 10
The estimate of the proceeds Of the sales of public
lands founded upon the expectation that all the Mama
lands in Indiana those the Chocaw cesson of $780,
in Mississippi, will be brought into market
II both tracts should be offered for SALE the amount from
that source may be increased four hundred thousand dol
lars If neither should be offered, the estimated amount
will he reduced two hundred and fifty thousand dollars.
the continuance Of the existing laws for the collection of
duties on imports and tonnage and for the sale Of the pub
lie lands and Of will be affected by changes In
those laws The fluctuations Of commerce forbid an i'm.
plcit reliance upon any prospective calculations for
long term. Those presented have been made from
the information that could be obtained and from
comparison with the receipts of previous, years The
large amount Of eighteen millions recyed IN nsta ro%
that year. includes 81 sos 600 H. the amount Of duties
whichhad accrued in ls and was secured by bonds that
deemed by the collectors in the former year but which
credited in 1912, thus leaving the actual receipts
from the duties of the year at less than thirteen millions
1t will be perceived that there decided improve.
the duties imports during the year ls43; for,
during the three first quarters of that year. the receipts
exceeded thirteen millions and from returns already
ceved quite those Of the fourth quarter will
amount to than three millions making total OF
more than sixteenImions for the calendar year
Various general considerations and particularly that
years nearly exhausted induce the beeftha the
from this will continue to augment under the pre-
this increase will exceed three or four millions.
1t is believed that habits of economy prevailing
among fellow citizens stimulated and strengthened
the sad consequences of overtradng and spirit Of
cuation. The disposition to husband their means pre-.
the purchase of many speruous articles OF foreign
bich
Many fabrics which were heretofore imported and nearly
all those which necessary to our comfort excepting
those composed of silk are manufactured within
own borders well, and are furnished as cheap,
as the productions of other countries This cause
has for several years gradually reduced the consumption
of foreign disc, and will continue to operate and
in connection with healthfnl economy, will mate
rally aectthe The estimates Of receipts from
customs the ensuing eighteen months have been franz
ed in reference to these considerations . -
table been prepared under my direction, which
accompanies this report (G exhibiting the value Of TO-
reign merchandise imported and reexported from 1871 to
s} and showing the value Of articles consumed or le
On hand during each year BY comparison of this table
with another o. also hereto annexed showing the value
for each wear during the period will be perceived
as general result that the duties were the greatest
during the years when the largest amounts Oh imported
SON these for the several will afford very good
idea the average consumption OF foreign goods and the
balances that have been left hand and VIII Jus
W the conclusion that the largest amounts of duties were
founded upon ofmporaton consumption;
in other words that the regular and steady consumption
of the country did furnish the from which those
excessive derived. The inference to be
drawn from these results that not to expect such
amounts Of duties the years 1884, 1892
1888 1885, and 1882 without the existence OF the same
observation-disclosures beyond our wants And indeed
more general may be drawn, that without the
intervention of extraordinary which there Is
reason to anticipate we cannGt rely upon more
bearing a proportion to the increase Of population for
years to come
Department respecting the and fluctuations oil our
foreign commerce. in convenient form for examination
xuIua
nrenared which are annexed TO this report Among them
besides those already mentioned is aistaemen OF our ex
ports of domestic produce and OIL g1oas ae
also tables OF the most important articles imported from
those countries with which have the most intercourse
designating them respectively and also OF our exports
40 be Same countries There is also table showing the
gross each year. the expenses upon
and the nett proceeds All these embrace the period
from lsll when the statistical reports first made to
ng noceed, Of the sales of the public lands have
estimated from the best elements within reach The de,
mond for these lands is steady, while II is moderate and
there is no anticipate the wild and excessive rage
for purchases which at time prevailed the tide OF
m!yraon should take its towards the shores Of
tho Pacific might materially affect the Government sales
ed sv them being or likely to in the market will also
have an influence upon the question These and other
consieraons not equal magnitude but having bear
@ o The result hav nduce ed the doubt
whether the receipts from the sales Of lands will be equal
estimates submitted which have been Obtained IRON
chases being made oracs that will be brought into the
market. .,.-.-,,, .
diminished considerable extent in consequence
distribution of the proceeds Of the sales oil public lands
ew of no ospp prS Of public build
tsgs, heretofore authorised being completed and II
hoped Of the claims Of militia and volunteers beng near
Yet from present appearances Il certain that the
deficiencies above stated will exist during the present and
the next fiscal year They but continuances OF smi
lar deficiencies which commenced Immediately after the
dcposes made with the States and have continued