The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-01-30

The receipts of the Belgian Railroads WILL 1t is said
amount in ls42 to million more than in is4l.
This presents extraordinary increase Of travel and
profit.
The accounts from Washington advise OF the utter
defeat of the Exchequer project of Mr. Webster No
ever supposed that i'll contrived scheme could be
rouly entertained but the small number Of political ad
herents to created surprise. The avowed object of the
plan "assist commerce." and to regulate the
changes" the defeat, however, brings out the avowa
from the government organ that it entertained only
borrowing project to assist the finances of the fed
era government. This is most singular Of ALL that
could seriously entertain in time of peace, and great
agrc ultura wealth, the idea of resorting revolution
airy tax in the shape Of issues Of paper
money, to carry the government. II is mark of po
ltical weakness palpable to be evinced only by
determined to cling to Office conscious that they do
carry with them the voice of the people, and that they
be sustained only by the temporary and fictitious combna
naion of pecunisry interests Hence the
cr6ced by high tariff csncilate manufacturers paper
issues tried to win the spectators and ruined gamblers
the land sacrificed to the cupdty the holders
deprecated Stocks and debts accumulated the beHe
Fl, of clques of stockholders This trucking to
the storm and trimming to the breeze, has brought the
federal to the of insolvency Its last
the defeated project TO issue paper money
its relief 1t is driving before the gale with decrea
sng increasing expenses, and accommodating
is proposed the coming year by the Secretary of the
Treasury in his late reports, as follows
RrvrSuss AND EXPENDITURES OF THE UNITED STATES.
1912.
Customs Of 1919 1898 Cos Ordinary expenses 1892
Do bonds of 1871 $500, o0e
Miscellaneous, ia2,se7
Total revenue, 2a4Is.sos ., sso s3a
borro we'd ls,65t,l5 Loans raid 9.3l9302
mean. ssOe',sss Total expense. s,3Osssl
this return appears that the regular for
the year SIC ofa 400 only, emitting the bonds which
belonged to the customs of the former year. The deficit
irregular to meet regular expenses ssO76
l2e and the of debt The actual
derived from the last quarter of 49,
s7o being less than the Sd quarter and showing falling
off under the present tariff With the general appearance
ofcommercal affairs there nothing induce the belief
that the next six quarters will exceed the average the
last quarter which would give for the Is months
customs in round numbrrs of $4,000 900. The
Secretary estimated the lands and other revenues
that period at $44oO0OO which would give gross re-
OF 100000 for ls months ending JAM 3d. 1884,
against estimated ordinary expenditures of $sl 1885,
leaving deficiency of 81 be added to the pre-.
sent debt of $22 o2S making debt of GA
3d. 1884, This result is based upon the estimate the
creary that the ordinary expenses of the
will be reduced to $40 900 900 instead of which
may may not be the This terrible and alarming
deficiency OF the revenue to be supplied by giving
government power to issue paper money And no steps
taken to raise the customs enhance the pro-
ceeds of the lands Unless contemplate political ciques
cast to the winds, and petfoggng lawyers expelled
from the councils Of the nation make room for wise and
vigorous national measures inevitable bankruptcy will
overtake the whole Union.