Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1846-12-21
From the National in,e,iiEcneer. Dec. I7n.
The Eiunnces mud rI,c .r,,,s,

| IN
Turning therefore, from the Message to tho Treasury Re-
port we mud that the OF the Treasury estimated
| as lolows:
For the year end,as Jvns SOFA, Isi7.
Revenue from Customs, Sa7s35,73l
| From Sales OF Lands, 300 900
| Miscellaneous 100000
Total, S3l 1886, i3I
For the year ending June 3Oih, lsis.
From Customs, S3sOOOOO0
From Lands. 100000
M'sceIIaneous, 100000
Total. s32,OOOOOO
Being an increase from lSI7 to 1915
In the cOs'o@s of sI6426s
In the Land Sales of 500 600
Total increase. 1904 269
Ii is impression that the Secretary greatly oyet-es
uulates the receipts both customs and from lands
These would be large estimates, a OF peace
when inc pursuits OF men are uninterrupted and the large
sums that are wanted Tor expenditures at home
TO lnvIgoraie the commerce Of the country.
There is nothing in appearances to Justify eapec
iaions ut 50 large import for the residue OF this year a.
That upon which the Secretary has founded his estimate
Tue rate OF exchange upon Europe below the specie
point ana OF course specie is coming into the county The
import OF dHfiabe merchandise is, course TO that de-
accordingly.
To obtain twenty eight millions Of nett revenue will re-
qure about one hundred and thirty three millions Of i'm
ports consumed. The imports consumed during
the last fiscal ,345 l7l-an amount exceed
ing an average OF several years past. The value Of domes
TIC exports Tor the same year Sl02 Al Sg3-being
about an average OF several year, Experience is abun
liant TO show that we cannot. ordinary years safely I'M
port tor consumption much value of 100 600 OOn
nut when 1t is considered that the Government
must according its showing borrow Tor the service
oi TINS aud the next fiscal year, twenty three millions of
dollars more than Its estimated means that a-e nor.
ton OF the ordinary be driven OFT in spece
Tor distant cxpendi Ues, that the commerce and bus
ness ct the country must be cramped by tins disturbance OF
as monetary operations than right 10 e1pect
that our imports will fall oil very sousiby.
we predict therefore, that the Of the present
hssalyear lending ON the Both June ncxD customs
WI. not exceed S2IOUO,OOO from lands 81 800 600
IN all S26.5UOOJO; and for the next fiscal year lending
June 80 Isis should the continue aud the Subrea
sur continue au that the receipts OF the Government from,
n" sources OF revenue will exceed twenty two millions
ct dollars. instead OF the hirty-iwo millions of dollars
umalod Al the Treasury Department.
or the expenditures OF the Government II imp,Ssbl, in
speak with much precision but eviden, that they arc
Report.
The appropriations made at the la, session of onrcs,
tot the support the army proper ami volunteers I tb
Mexican war, round numbers bout 2 600 200
ahu inc estimates no" presented by the Department TO Com
gIcss snow deficiency hIs appropriation at 700 OOO
S261UU,UUO.
1t believed that there has no, been a, any time within
the year thus Tar force under pay amounting 10 thirty
ih'u'ahd men. he volunteers now m the field number
about IoJOO, the regular army lOjOO. total 900
Is proposed no" In raise the regular army the num-
Der authorized by the act OF the last session. viz 600
men, 10 have ten regiments enlisted var saw 10 600
men, and To puvda contingent volunteer force of ten
regiments, lu,'UiU making Ia.
manahtd Tort noSt year o thirty thousand men
Yet the Department computes that the whole expenditure
Tor E'7 W" be only twenty tour millions OF dIars whilst
upon the same scale ot expenditure as this ycas fore. n
VIII amount 10 thlrtyscyon millions OF dollars
Tho total expenditure ui the present fiscal wear is e.t
mated al SI52i,2 il whilst the total expenditure or the
next fiscal year - estimated bee but SIS 5s4 fall
ing-oh OF ten millions OF dollars, which cannot under
-and how the Treasury officers have made out or can salts
Iae!ouiy account for, even by their figuring.
80 Tar from this estimate being correct It the provinces
ltigll
aud posts be established on the route 10 OREGON and
California and 'he various other modes expendng NON
ey cd "a the Message and ntaI Ronort
se adopted The actual expenditures OF the fiscal year Ie47
Is wall those of 1861 AZ much as the estimates
now ia snort OF them Among these proposed additional
expenditures ~ likely ta;sune will be authorized besides
the oTlhcaons &c; such oi pay OF the mr.
my aud volunteers and bousIcs upon onIistmcnts &C.
we nave SO Tar been seeking On the presumption upon
the Executive estimates, OF the wars continuing 10 the
middle oi the year Isis. But nf the Administration
journals predict peace, and peace possible We mus,
therefore, CONSIDER what Will be its effect shOld come
upon the operations 0i the Treasury.
How much money may be wanted FOR the support of
Government Tor the rt year Of peace cannot be
known with any certainty. But whenever aud however
made, peace not think, certain produce any great
reduction OF the demands upon the Treasury the present
Or the next year. nth view to peace the President
asAed ioF two millions OF dollars last year, and 1t
now, TO ttsiH WITH for advance payment Besides all
the arrears oi war eEpcudiufc-whch know, from eH
peuenCc, will require nearly large disbursement during
the fret year Of peace will have been made durng the
first year Of the unlikely that from five TO
eight millions Of money will be required pay for our
conquered oUiHees and four mill ons more
Tor indemnify to citizens, whose claims upon Mexico
80 lar a. they can be made 10 be just honest
Of course shall oSsumc Mexico not having been able to
pay them before the began being likely to be able
10 pay them alter 10 In consideration Of all these
circumstances Is clear that the Treasury " m not from
now TO the end Of the fiscal year l545 require s means
IN the event Of pence than ia the continuance Of
For the expenses Of hat period loans in one form o.
other to the amount Of fifty millions Of dollars at least
Will probably be required and possibly amount
much larger.
In obtaining the loans necessary 10 carry on Govern
msnt, whether the scale Of estimate Or OF hs ow m
the Secretary Of the Treasury will, VIC apyrohend find
great dhhcliy; not though the required be large,
" monoycd men unable lend IT, from the want Of
confidence IN the Administrations aud disirnst Of IT.
management Of public atlirs. This dsirus has been
gi'aD increased by the establishment ui the Sub-iTcasury
SYSTEM whch-lttcr having Just undertaken costly war;
the seat 81 which distant thousands miles from the
Capital Of the United Sta,s-wns one Of the greatest
biuudofs ever made by Administration or a patty-
The waT itself, as scheme OF pnpuanty-ii such
is leading mOuyC-was Uisf1ke, 10 be classod among
those which, according to The idea Of TolIsyand,
worse han crimes II has made the army popular hos
proved the ability OF country, emergency, TO call
into existence volunteer military force 10 any r,uurcd
extent aud U has proved tho disposition Of the people
TO sustain the Government aud however IL finds
itself l war; but has given no popularity o. tho Adj.
minIsi1uon. Nor has che President neuiod the mat
Ter 10y hs idSf unhappy mistake in deuoun.ng traitors
those who doubt the wisdom the necessity Of his war
II intended 10 tcuiiy the Wing party into submission this
dcnuncau"n has not only failed Of iy effect but has had
the ordinary effect ~ u attempts nj pcrfron of secs a.
uni'c that party band Of brothers What effect IL may
have upon c Ncmbofs II Congress and other individuals
OF his own parry umc will disclose. The effect Of the
whole Mcs-agc upon tho country, 70 affirming the policy
Of the War; TIE Subrcasury and the New Tann, Is not
likely to be- ayofablc to the public credit
With regard 10
THE PROSPECT or LOANS.
Since This Administration hss been in Office a. St,ss
p'r cent forks the very b,s,in Inc wofld-bayo dc,
Glued boo h' mkct about twelve dollars n ic hundred l.
this uD ndmouiuuu tn The Executive OF o tendency Of H.
policy The Secretary pi tho Tclsurys lest loan ftbc
live mlIouHJ BE- below par. Does he expect ~ be- able q,
,ir' another upon any thing like he crm II % aY
Tho omUunt of tho late u,n paid Treasury notes
md bank bills the ouount oi the next must be called fo
n specie This loan ncg1tatcd under solemn public
assurances 81 the Government that Orc troops would
Doe wanted Tor The army. But Immediately otter the nrqo
atOu ui 10 concluded. nine additional regiments Tor
tho called for aud, now. this additional Cofcc b.
proposed IN be than doubled We do not object 10
tho proposed increase of force bccause VIC have no doubt
. 20 a.