The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1844-04-19
NUMBER 20.

ny eAPrnulluTeS OF The last three
% quarters OF the fiscal year, at SIS, 1853, 1876,
q winch, added 10 the ascertained expendi.
lure oil The first quarter, scar, 1857,
i makes total for the year Of S25, $50. 1852.
l am aware the Secretary is not response.
Die Tor The proposed expenditures, if Con.
gress makes the appropriation. The heads
oi Inc other departments, the War and
the Navy, through which almost three.
quarters OF the disbursements are made.
) ADOPT their own measures, independent of
The Treasury Department, and furnish the
estimates of the sums which mav me re-.
quired Tor any given period But must
say mat the sum proposed to be expended
from whatever department the proposition
nus come, seems 10 me somewhat extraya.
CANT The appropriations made by the
'ast congress for the half calendar wear
ending June 80, ls43, and for the fiscal
year ending June 80, ls44, were but S2A..
0oo'Se4, exclusive of the amount for tho
ros' oihce Department. The total an.
preparations tor the fiscal year were Sl7..
f4o'oo~' A pretty uniform rule has Oh.
famed al the departments, Of expanding If
'he year an amount, as nI~-,.,-,,r1enc :, &c.
cnu.ao ne ~" as al dsburse-
sg'i crmer 6 wv .,acHs; the So seven,
: teen e---sed, won,, 6sca! year , &C ,wen.
e ty.fve aud rssp9s- ! ~. iaslead oil '. CON
L lempaed by the Exccullrrs 70 nno1,ments.
II Sometimes, undoubtedly, an extT.,,d,nary
d exigency may arise, rendering it eScdl.
i ent and necessary, to expend wiibirf,he
!. wear no, only all the outstanding uppropri-
3 atoms, but also all which may be made for
.s the service Of the year, leaving no'mog
!, outstanding at the close of II. do not
e know that such an exgency does no' no"
i, exist, or that il may not arise H. the current
a, year, aud do not therefore call 10 question
d, the propriety Of the expenditures wh'ch
d. the Secretary anticipates will be made
q, NV purpose is 10 show, that nolwllhsiand-
iir ING so heavy disbursement as is eSpec,
o. ted, the ordinary revenues OF the year VIII
On he sufficient TO meet its expenditures
en- And, in the first place, if there should be a
IT'S deficiency Of two and half millions, as Is
anticipated, it will have been occasioned IN
mar, by expenditures for other than orhtne'
no rv purnoses. A considerable portion oil II
81 w,ll be attributable 10 the redemption oil
- Treasury notes. The amount Of outstand'
20 inp notes on Sd March, ls4s, when ex'
IN pressed the opinion as to the suliic'ency o.
the revenue, already adverted TO- wal
SlI $50 1857. The amount now ouis'and
ing is sz,eO7 1923, showing that oyel
.oo nine millions have since beod redeemed
20 OF these. :. 900 900 were taken up by TN
700 proceeds of the loan then authorized, leav
'o' mo over 1000 900 which have fallen up
US on the ordinary receipts OF the treasury
~" This alone nearly balances the anticipate
We deficiency, and this amount may be rel;
a"u sued, if necessary, TO supply 1t TO that eA
tent, Authority was given at the last Sc
loe' SION to redeem all the Treasury notes the
DRY out. By new loan, expressly with tt
! nc view Of freeing the Treasury from emoa
l'e' rassment, and leaving the current rece'p
, TO meet the current expenses IL u
maj means Of the Treasury have enabled Il
y Oh Secretary TO redeem any portion OF theI
'eh without the aid of further loan, he ~
lucn made very favorable operation by don
mac SO nor do | complain Of il. But u 7
ifec resul, has BEEN or shall be, 10 occasion
we deficiency, then have to say, that II u
l'lo" deficiency not caused by any excess oil
rom oendtures over receipts for ordinary p
e list
poses.
In Congress intended that these lfeast
III notes should not be a charge on the re
- nue Of the wear, unless II was able 10 d.
the charpe. II It has been able, II o.
~ STRENGTHENS the opinion then express
and if il has not il does not mvahdate
- If This amount of Treasury notes thus
.aan deemed should be now funded or otherw
: r ~, provided for, il would reduce the esllma
deficiency to about half million. Il
On - Gun be accounted for, also. The Seer
n an nv computes oil the outstanding warra
A Tho or which were outstanding at the dat
- this report, as chargeable on the rev OF
,h,tIy and liable to be called for al any NOM
.',, So they are but as fast as these warri
.,a,! come in, in the ordinary course oil b
=: -, ness. others are thrown out, and bee
:" ~ also outstanding for longer or shorter
-, oc RODS. They are not necessarily paid
in, or pedlalely on being issued some are "
80, mitted to great distance; so 'hnt prob'
o,y he there never is day when there is
10 ond considerable amount of outstanding
rants. which do moi come ~ I'LL some
oa,d has eapsed. The Secretary const
&c ,ho all these Immediately chargeable on
, stand Treasury. ney are So ou' VI
,od -;r TO be given for whatever amount, larg
~ ,,non small, shall be outstanding at the q
: other the year. They do not fail exclusly
,d;,arv the revenue of the year, but on W
=, Iaa,, ia received into the Treasury, u2A
'L ""oT dav Of their payment. What =
1;c,;on, may be outstanding at the clio
annre. wear we cannot, Of coursso1Dl1
!, unon doubt, i, may often hapBa
ncts,- OUTSTANDING ~ '"o r anil
nd dis. very conside n, s.l .'ah WV I'D
check ng year. should ~
+. But, WY wv I, is not ~
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