New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1844-06-14

which had 90 long been suffered 10 exist. VII
the first day of December last, that portion oil 'he
Debt which has been created since 1887, Loans
and Treasury Notes together amounted TO
s25, ls2, Os8, or sl9,O76,569 more than on The
lth of March, lS4l. But there was on the Isl
December last balance OF S2,25O,ooo IN Inc
Treasury, against Half Million on the Ain Oh
March. 81. which would alone reduce the apPa-
rent augmentation OF Debt by nearly Two Mil
lions But Mr.. Barnard valves this, and balances
the $40 coo, 900 of increased Debt charged on the
Wings, as follows:
,nproprisons made by the V. B. Conrrsss OF
g. over and above the Revenue provided 10 a. -o3 5,4
Balances e a Of former Appropriations left by them and 20 on
9 ,ad BY da as amount paid ,ace ISL Tor old
,maTai sa.l for Inter-, on 3
Total old scores paid oirby the Wings is'.s.'t
Leaving against the Wings
Rnt this was the state in Decembcrlast. Since
thea very great excess of Revenue over t1-
ncnd;,ure has accrued under the Wing Tariff
amounting to several Millions. The Treasury
Yo,es outstanding had been reduced between lst
December and the Isl of June sl,0ll ,l43. This
alone would bring the balance handsomely IN "a
ror Of the Wings As the Loco oco onslaught
m the Wing Tariff has been defeated for the pre-
sent. there can hardly be a doubt that the Public
Debt will be reduced this year by at least len
MILLIONS, and, if friends OF the Tariff be IN
,over the entire Debt will be paid of in Two or
three more years.
The total amount Of Appropriations by the
- PR ,.yJf
the official documents:
Ar,be Extra Session. in aid OF the SER
vice OF the year 1871. .-.--..-...S5 ,Ol2,,02 "
For the wear 1872 .2o,o'l, -" 20
For the half calendar year IN 1913, and
for the fiscal year ending June 80,
l8l ...2i ,ooJ, llJ ~
To these add the amount OF perna-
nent and indefinite appropriations, VIZ:
For l8i2. s932.0o0 90
For half calendar year III
1913 ...............-I3 2,b42 ~
For the fiscal year ending
on Both June, 1871. 900 Co.,, 35i,642 i9
Total appropriations for the period . So, 40 70
The receipts OF revenue from ordinary sources
exclusive of loans Treasury Notes. and trust funds,
in the same period, and applicable TO these appFo-
p.iaIons have been as follows:
! In 1871 the extra revenue received UNI
der the duties act of Sept. l8, 1911 -.S9lO,22l ~
| In l0lS- ~, y
| In 1913. $50 ODD !" !"
In 1914 TO June 3Oh tes;imated l,OOO,OOO w
Total, TOR about y years. 1900 53,8l.,t23 10
Deduct land fund distributed to States 6l6,93. W
Net receipts from ordinary sources 50, 1896 W
Excess OF Receipts Appropriations Sl,o9' 80
Showing that the Wing Congress has IN no wise
created Public Debt
But this is not all. The receipts Of the first
half OF l6l4 are greatly moderated by Mr. Bar
n4rd. The receipts for Customs at this port
alone will be about Sll 100000. The total re-
ceip,s Of Revenue throughout the Union cannot
be less than SlS,OOO,0OO instead of Fourteen,
and will be very probably S2O0OO,O0O This
would add S6,OOO,000 more to the Wing side Of
the ledger.
Judge, then, reader whether the party which
ran down the Revenue to zero, and commenced
the Public Debt after exhausting Twenty-Five
Millions of available resources, rendering nevita
bic farther deficit before this tendency could be
arrested, shall charge the debt upon that party
which las stemmcd the tide of insolvency, re-
stored s1undncss and thrift to the Finances, and
provided the sure means of rapidly paying ofi'thc
Debt, if only let alone. We carlessy await the
verdict