The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1844-01-12
WEEKLY ALMANAC.
ANNrAL rREAsuRY REpoRT.
TaEAsctf DErAsrNENrl =. 6, lsll

i & ~ =
Tanscfr DErRrNENr, Dee. G, 1919.
Sn By the act Of Congress, approved
Nav 10, 1900 il is made the duty Of the
Secretary Of the Treasury, "to digest, pre-
pare, and lay before Congress at the CON-
meneemcn, Of every session, repor, on the
60 CT Of finance, containing estimates oil
the pubic revenue aud public expenditures,
a1d plans tOr improving or increasing the
Istyenues from time 10 time" BY the act
pf 20h August, lsi2 the fiscal car Of the
|freaslfy is directed 10 comnence on the
gs,. DAY Of Jaly, 10 each yer, beginning
Fah chat day IN the year lsl3 aud il Is
provided that the report and estimates nc
laired 10 be prepared aud laid before Con
Eress al the commencement OF each session
By tie Secretary Of the Treasury shall be
! report and estimates for each fiscal year,
commencing as aforesaid, aud terminating
N the lhirtie,h day Of June, in The succeed
tag calendar year.
I'm obedience 10 these laws the following
eporl is submitted:
The act Of ls42 con,emplates tina, esii.
Plates ot the receipts aud expenditures oi
he fiscal wear commencing lsI July, 1874,
houd 5s furnished Of the commencement
lhe present session OF Congress. They
ave accordingly been prepared, and are
iaFcia presented.
Tue estimates for the current fiscal,
ear, commencing LIT OF July, lsi3, serc
a5e IN December, lsi2, so much IN I'D
aacc OF the fame TO which they related thai
is acfe necessarily canIrc'ufcd 70 great
ugGf They can nov be rendered more
Hac By knowledge Of tho true state Of
Treasury 81 the commencement OF the
col year. and by a better acquaintance
d lie necessities oil the various bfaGch
SO lh9 public service. Accordingly, the
llafral Departments have been requested
tsyse iEeit respective estimates. Upon
be- Information thus obtained corrected
,eoaal Of the actual and estimated receipts
ri expenditures OF the current fiscal year,
commencing the 1t OF July lust, has also
beeu prepared end ~ now submitted.
IL order 10 81 tie chosm 10 the accounts
between The 3Isl day Of December, / IL,
ad he lsl day Of July, lsl3, caused by
he change ia tbs fiscal year, aud TO ascef-
an The rue balance 10 The Treasury on
&c Isl JAy, l~l3, IL becomes necessary 70
ah.su = statement Of the recep's and eS.
eadi,utcs during that time, which IS occor
gy presented herein. II will be seen
al tie exprnditures exceeded aud the re-
s,p,s toll short Of the estimates Tor that
EQrad. Au account Of the actual receipts
#and expenditures Of tho calendar year lsi2
is also annexed to this report, part OF
sem ouly having been hitherto submitted
10 Congress, 10 which The expenditures viii
DO found classed under general vet distnc'
i've heads Of appropriation, so as 10 exhibit
briefly and intelliglbly the SUBJECTS to
~bca ,hey have been applied. II Is an alb
S'racl OF 'be warrants issued to the Ifeasu
TeT pursuant 20 d.s appropriations by Con
grrss, aud paid by hun. - does not en-
brace the ,rus, funds or ludemnn~s al
though Il does include VIA, are usually coll
cd outstanding warrants, which, IN iacl
are 30, outstanding, but are merely unset
tied, having been paid by the Treasurer t
the parties who presented them by check
and drafts on the public repositories and re
celsers, bu, which had not been returned a
The time Of the settlement, Of his account
although most, if not all OF them, had
fact been paid.
The statements Of the receipts aud G.
pendhurcs loI the bali year between II
Isl Of January aud the lsl Of July, lel'
aud Ior The FIRST quarter OF the new fisc
year, are also founded upon the entries
the books Of the Register Of the Treasur,
and make TO distinction between wnrran
settled or unsettled. These statement
therefore, show accurately tho paymen
that have been made according TO the a
preparations by Congress, although all Il
evidences Of those Disbursements requir
by the auditing officers may not have feac
cd their Offices.
This mode of exhibiting the state Of I
Treasury has no, always been observed.
Inc money apparently in the hands OF
Treasurer has sometimes been so stated
'9leaye the impression that i, was 90 ava
able balance. The average Of outstandl
warrnnis, Us they are called, for n series
years, has been deducted from the sppar,
balance, instead Of deducIlpg The cx