Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1846-06-25
JAMES X POLK.



The following is The Report of the Secretary Of the
Treasury referred Ia IN the preceding message
TREASURY DErAnrMENr, june 10, lSl6.
SIN. have dnly CONSIDERED The resolution OF tie Sen
ate ui the Sd u june 1916 together with the estimates
of Tie Secretary al the Navy of the 9h Instant aud Of
the Secretary ol Nar ii The 18Th Instant. submitted
by yon Ia this Department. and respectfully reporl 10
ypu rs follows
1t appears that the aggregate estimated expenditures
Of the War aud Navy Department hr The fiscal ycnrs
terminating On the 3Oh 81 June, lSi6, aud the 3Ol u
June, 1877 amount 10 1852 9ni over and above The
estimates made by these Department IN December Ias
and ihrn submitted III ny annual report 10 Congress
In tal report II was SUPPOSEDLY This Department thai
upon the Expenditures illus estimated cor state ii
peace, there wuald ttman the LIST o July, lSi7 :
balance the Treasury oi 81, 332 All. Deducung
this balance from the exrass of expenditures. above es
mated by the War aud Navy Drpanmru,s, there would
result Deficiency oil 1870 1853 II is believed. how
ever that lhls deficiency VIII, from augmented receipts
accrued aud acrfnIu1 or the fiscal years 1916 aud 117.
be diminished four millions Of dollars, which would re
duce tie deficit on the lst Of July. ls17 to SO G20
1G3
Ii ia aseerainel by experience. that fr the certain,
prompt, and convenient payment Of the public creditors
all Unts aud places throughout extended territory
aud The supply u The mint and branch mnis for com.
age 81 iqor rnuus OF dollars, especially during
STATE or war, mGst trnaln ON hand III the Treasury
which would again raise he SUN lohe provided Tor be
lore the 3Oih llnne. lslT. 10 $40 ,62O .1G3.
1t Is believed. however. thai equal 10 ST.
sd 051 o additional revenue may be prudGce by The
mod caun vt HE afH herein pruposed namely: 10 a.
dopl basis he bill reducing the arn reported by the
Committee oi Ways aud Means 10 the House oi Rep
rtsentaves he litn Of AprIl last. together with the
augm nle1 aud additional duties nov proposed and enn-
mrraled IN schedule A. Tins change ot Me bill fepor-
ted by the committee, emitting the Eunh secun, would
make addition Ia The revenue 10 be produced by thai
/ bill oi 81 3l057.
Aeta very eaTeiul exam nation If the additional data
which II has been IN my power to obtain since the monlh
Of February last It i my conviction that the bill OF The
Committee viii produce metz oi al least t"en
~ SIX lt9is o dpars ii Ia Tins he added the addl-
tlonal duties proposed 10 be levied IN schedule the bill
uf the committee, with the notifications embraced IN
that schedule would produce a melt revenue OF 800
O3l OBJ Tins would make addition If 1851 .05I
To the that would be produced under 1 act Of
the 30th Of August, 1872 II, then, We deduct ihls
tj.5I O57 from Tire drict abnve estimated. II would
still leave (, tcii oil Sll,0sb406.
IT, Ia addition The modcaton Of The iarlli above
suggested. The %arehulsng system ndopied re
cnnlnend,d n my annual report Of Decenhrr las. !
would make an addition to Tic annual revenue from
customs ii million If dollars. which deducted iron
the ahaya decir, would leave deficiency sl remain
ing 1874 c6,fU0
II Is Irne that Tho introduction of the warehous
ing +, stem might diminish tia revenue during ioT
would add nlIon ,t dollls per tu The yer
uianeni annual revenue from customs is not doubted.
Il is believed also that the reductions AID graduation
If the price of The public lands IN favor oi ss,srs and
eYsaloTF, Is recommended II yont Wees9ss VI peceW'