Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-12-19

TWENTY EIGHTH CoNGREsS--First Session.
D0eum nts accompanying The Presidents Message
REPORT OF THE SECRETARY OF THE TREASURY

DVtHM MS ACCOMPANYING INC fcstue"t '"'se'oN'
REPORT OF THE SECRETARY OF THE TREASURY.
Treasury DEPARTMENT, Dec o. 1913
Sir BY the act Of Congress approved May no'h'
1900, il is made the duty OF the Secretary of the Irea-
sury, "to digest prepare and lay before Congress- at
the commencement OF every sesslon,a report on me
| subject of finance, containing estimates OF The puohc
expenditures and plans for improving or increasing
the revenues from time 10 time. BIZ the act OF 2o.h
August, 1912 the fiscal year of the Treasury is oi-
recled to the first day OF July IN each
year, beginning with tina. day in the year lo4 and It
is provided, that the report and esiimat, required u
be prepared and laid before Congress at the com
mencemert of ea,h session by the Secretary oil Inc
Treasury shall be report aud estimate Ter each hsca
year, commencing, aforesaid, and terminating on
the thlieh day Of June in the succeeding calendar
year.
In obedience tothese laws, The foll,wing report is
submitted
The act of 1912 contemplates tina, estimates of the
receipts aud expenditures Of the fiscal year common
cling Ist July, l544 should be furnished at the com
mencement of the present session Of Congress- They
have accordingly been prepared, and are herein pre-
sen,ed
The estimates for the current 6scel year, commenc
ing lst of July, 1913 were made IN December, lo42
so much in advance of the time to which They relaleo'
that they necessarily conjectured 10 great e1
tent They be rendered more exact by o
| knowledge of the true state of the Treasury at the
commencement of the fiscal year, and by better ac-
quantlnce with the necessities OF the various banches
of the public service. Accordingly, the different De-
parmens have been requested To revise their respec-
tive estimates Upon the information thus obtained,
corrected account OF the actual and estimated receipts
and expenditures Of the current fiscal year, commenc
ing the ls July last has also been prepared and IS now
submitted.
In order to fill the chasm in the accounts between
the 3lst day of December 1912, and the lst day oil
July, 1913, caused by the change in The fiscal year
and TO ascertain thu true balance in the Treasury on
the ist Jolly, SI3 it becomes necessary TO exhibit
statement o. the receipts and expenditures during that
time, which is accordingly presented herein. Ii will
he seen that the expenditures exceeded and the re-
ceipts fell shor, of the estimates for that period. An
Of the actual receipts and expenditures of the
calendar year 1872 is also annexed to this report,
part Of them only having been hitherto submitted to
Congress in which the expenditures will De found
Chased under general yet distinctive, heads oil nppro
prlat,on so EXHIBIT briefly and ntelligibly the
subjects TO which they have been applied. 1t is an ab
stra oi the warrants issued 10 the Treasurer pursu
TO the appropriations by Congress, and paid by him
Il does embrace the trust funds OF ndenntes, al
though it does include what usually called oustlnd
ing warrants, which, in fact not outstanding, but ire
msrey 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 not been returned at the time OF the settlement OF
his accounts, although most, if not all OF hem had in
fact been pad.
The statements of the receipts and expenditures for
the half year, between the lst of January and the Isl
Of July Si3 and for the FIRST quarter OF the fiscal
year. are also founded upon the entries in the books OF
the Register of the Treasury, and make no distinction
between warrants settled or unsettled. These stale
menta therefore, show accurately the payments that
have teen made, according to The appropriations by
Congress- although all the evidences OF those disburse
ments required by The auditing officers, may not have
reached their Offices.
This mode of exhibiting the state of the Treasury,
1, al baep nhap ho v
- '-a- of the Treasurer, has sometimes been so
Us 70 ecve The impression, that IT was IN ~
bsy ara called re er ase ses Of Years has been deduct
ed from the apparent balance, instead Of deductns the
exact amount that remained unsettled. But when 4
warrant has been issued TO the Treasurer, and paid By
him. the is eiIectualy disposed Of, and cannot
be reached by Congress- whether the Tseasnrers &C
count of such payment is settled or not. The mode
now pursued, therefore, is deemed the proper one 10
bi, the amount the Treasury subject appropr-
alton This explanation is made to account for dlscre
pancies that may appear between the statements and
tables presented and those in former reports
These accounts and estimates present connected
series from the LIST of January, s42 10 the lst of Ju
w, 1915, and exhibit the operations Of the Treasury
for the Inst two years. with the exception Of the
present quarterly its presen, condition, and lis future
prospects. The results deduced from them, and the
views they suggest, will be presented in the order
Of time in respect TO the different periods TO which
they relate
Receipts, Expenditures, DC, Of 1912
According to the settlement of the Treasurer accounts
on the frs, day of January, 1872 there was in the
Treasury S25, 6S5,l1l SO
From which is 10 be deducted as not
available
Amount deposited with
The States S25, l0l ,G44 81
Balances Of trust funds,
LIST jan, 1912, 34,52l Is