Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1844-01-06
ANNUAL TREASURY REPORT.

TREASURY DEPARTMENT Dec. 6, ls43.
SIR-By the act of Congress, approved
May 10, 1900, il is made the duty of the
Secretary of the Treasury, 'to digest, pre-
pare, and lay before Congress, at the com.
mencement of every session, a report on
the subject of finance, containing estimates
of the public revenue and public expendi.
lures, and plans for improving or increasing
the revenues from time to time." By the
act of 26th August, 1912. the fiscal year
Of the Treasury is directed to commence
on the first day of July, in each year, be-
ginning with that day in the year lS43;
and it is provided that the repor, and esti-
mates required to be prepared and laid
before Congress at the commencement of
each session by the Secretary Of the
Treasury shall be a report and estimates for
each fiscal year, commencing as aforesaid
and terminating on the thirlieth day of
June. in the succeeding calendar year.
In obedience to these laws, the following
report is submitted:
The act of lS42 contemplates that est-
mates Of the receipts and expenditures of
the fiscal year commencing lst July, 1874
should be furnished at the commencement
Of the present session Of Congress. They
have accordingly been prepared, and are
herein presented.
The estimates for the current fiscal year,
commencing lst of July, ls43, were made
in December, Is42, so much in advance
of the time to which they related that they
were necessarily conjectured to great ex.
tent They can now be rendered more
exact by a knowledge of the true state of
the Treasury at the commencement of the
fiscal year, and by better 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 re.
ceipts 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 day Of December, $40.
and the LIST day of July, ls43, caused by
the change in the fiscal year. and to ascer.
tain the true balance in the Treasury on the
LIST July, lS43. il becomes necessary 10 ex.
hibit statement of the receips and ex-
pendtures during that time, which is &C.
cordingly presented herein. II will be seen
that the expenditures exceeded and the re
ceipts fell short of the estimates for that
period. An account Of the actual receipts
and expenditures of the calendar year ls42
is also annexed to this report, a part of
them only having been hitherto submitted
10 Congress, in which the expenditures
will be found classed under general vet
distinctive heads Of appropriation, so as to
exhibit briefly and intelligibly the subjects
10 which they have been applied. Il is an
abstract of the warrants issued to the
Treasurer pursuant 10 the appropriations
by Congress, and paid by him. 1t does
not embrace the trust funds or indemni-
ties, although it does include what are
usually called outstanding warrants, which.
in fact, are not outstanding, but are merely
unsettled, having been paid by the Treasurer
70 the parties who presented them by checks
and drafts on the public repositories and
receivers, but which had not been returned
at the time of the settlement of his ac-
counts, although most, if not all of them.
had in fact been paid.
The statement of the receipts and ex-
penditures of the half year between the
LIST Of January and the LIST of July, ls43
and for the first quarter of the new 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 statements
therefore, shew accurately the payments
that have been made according 10 the ap-
preparations by Congress, although all the
evidences of those disbursements required
by the auditing officers may not have
preached their Offices.
This mode Of exhibiting the state of the
Treasury has not always been observed
The money apparently in the hands of the
Treasurer has sometimes been so stated a.
TO leave the impression that il was ar
available balance. The average of out
standing warrants. as they are called, fo
series of years, has been deducted from
the apparent balance, instead of deductin,
the exact amount that remained unsettled
But when warrant has been issued TO tn
Treasurer and paid by him, the amount i
effectualy disposed Of, and cannot b
reached by Congress, whether the Treasur
ere account Of such payment is settled o