The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1843-12-11
ANNUAL TREASURY REPORT.



Deceaber s, l6%3.
sx BY the act Of ODnsrvss approved May 10.
1900 it is made he duty of the Secretary Of the
Treasury "to digsst, prepare, and lay before Con-
grsss, at the commencement Of every session, re-
port the subject Of finance containing estimates
Of the public and public expenditures, and
plans for improving increasing the revenues from
time to time" BY the act Of Goth August, 1872 the
fiscal year Of the Treasury is directed to commence
the first day Of July in each year, beginning with
that day in the year 1913 and il is provided that the
report and estimates required to be prepared and
laid before Congress at the commencement Of each
session. by the Secretary Of the Treasury shall be
report and estimates for each fiscal year, commenc
ing as aforesaid, and terminating the 30th day Of
June, in the succeeding calendar year.
10 obedience to these laws the following report is
submitted;
The act of ls42 contemplates that estimates Of
the receipts and expenditures Of the fiscal year
mencing Isl July, 1874 should be furnished at the
commencement Of the present session Of Congress.
They have accordingly been prepared, and are here
in presented.
The estimates for the current fiscal year. COM
mcncing Isl OF July, l643, were made in December
1912, SO much in advance Of the time to which they
related that they were necessarily coDecturaI TO q
great extent. They can now be rendered more exact
by knowledge of the true state Of the Treasury at
the commencement of the fiscal year, and by bet
ter acquaintance with the necessities Of the various
branches OF the public service. Accordingly, the
different Departments have been requested to revise
their respective estimates. Upon the information
thus obtained, corrected account of the actual and
estimated receipts and expenditures of the current
fiscal year, commencing the LIST of July last has also
been prepared, and is now submitted.
In order TO fill the chasm in the accounts between
the 3lst Of December, ls42 and tho LIST day of July,
lS43, caused BY the change in the fiscal year. and 10
ascertain the true balance in the Treasury tho LIST
july lS43, II becomes necessary to exhibit state
ment Of the receipts and expenditures during that
time which is accordingly presented herein Il will
be seen that the expenditures exceeded and the re-
cepts fell short Of the estimates Tor that period An
of The actual receipts and expenditures of the
calendar year 1912 is also annexed to this report
part OF them Only having been hitherto submitted to
Congress, IN which the expenditures will be found
cassed under general Jet distinctive heads Of appro
priaton, SO US 10 exhibit briefly and ntelligibS the
subjects to which they have been applied. 1t is an
abstract of the warrants issued the Treasurer pur
suant TO the appropriations by Congress- and paid by
hun. 1t does not embrace the trust funds or niem-
mites, although it does include what are usually
called outstanding warrants, which, in fact not
outstanding but are merely unsettled, having been
paid by the Treasurer to the parties who presented
them by checks and drafts the public repositories
and receivers but which had been returned at the
time OF the settlement of his accounts although most
if not all of them, had in fact been paid.
The statements Of the receipts and expenditures
for the half year between the LIST Of January and the
LIST Of July, 643 and for the Sst quarter Of the new
fiscal year, also founded upon the entries in the
books Of the Register Of the Treasury, and make no
These statements, therefore, show accurately the pay
ments that have been made according to the appro-
priations BY Congress- although all the evidences OF
those disbursements required by the auditing off,
GERS may not have reached their offices.
This mode Of exhibiting the state of the Ire asury
has not always been observed. The money appar-
emily in the hands Of the Treasurer has sometimes
been so stated as 10 leave the impression that il was
an available balance. The average Of outstanding
warrants as they are called for series of years. has
been deducted from the apparent balance instead of
deductng the exact amount that remained unsettled
But when warrant has been issued to the Treasurer
aud paid by him. the amount is efectually disposed
or and cannot be reached by Congress, whether the
Ieasurers account Of such payment is settled or not
The mode now pursued, therefore, is deemed the
proper one to exhibit the amount in tn /, Treasury
subject to appropriation. This explanation is made,
to account for discrepancies that may appear be-
tween the statements and tables herewith presented
and those in former reports
These accounts and estimates present a connected
series from the LIST Of January 1872 TO the lst of Ju
y, 1885, and exhibit the operations Of the Treasury
Tor ihe last two years. with the exception OF the pre-
sent quarter) its present condition, and its future
views they suggest will now be presented in the or
der Of time in respect to the different periods to which
they relate.
Receipts, Expenditures, &c Vls42.
According TO the settlement Of the Treasurers ac-
count, on the LIT day Of January, IS42, there was
IN the Treasury S2s 685, Ill 0s
From bch is to be deducted as not
available:
Amount deposited with
the States SOS, 0l,6i49I
Balances Of iru-t funds,
lst JAN, 1912 374,52l Is
26,476, l66 90
The outstanding war
rants at the close Of
the year l64l were sl326s 4G
Total liabilities 20 259, 434 IS
Deficiency Of means to meet war
rants GOA, 323 Al
t29, 2s9. I34 IS
Instead OF any available balance in the Treasury