Sentinel of the valley. [volume] (Woodstock, Va) 1841-1848, 1847-12-16
hundred and ffy.seven dollars and

HuHuieu anu MY -feEen uoildIS d"u
seventy-six cents. M
The net: revenue from customs du-
ring the year ending on the first Of De
cember, 1916, berhgrhe last year IN
! Ter the the operation Of the tariff act Of
1912. was twenty two million nine
hundred and seventy one thousand four
hundred and three dollars and ten
cents; and the nett revenue from Gus
toms during the year ending on the
first Of December. lS47, bring the first
year under the operation of the tariff
act of 1916, was about thirty one mil
ion FIVE hundred thousand dollars; be.
Ing al increase of revenue for the first
year under the tariff Of 1876, Of more
:han eight million five hundred thou
sand dollars over that of the last year
under the tariff of 1912.
The expenditures during the fsca!
year ending on the thiriieth of June
last, were fi,y-nine million four hun
dreG and fifty-on thousand one hum
dred and seventy-seven dollars and
sixty.fve cents; of which three million
five hundred and twenty-five thousand
and eighty.:wo dollars and thirty-sev-
en- cents was on account of payment
of principal and interest of the public
debt, including treasury notes redeem
ed and not funded. The expendi-
lures, exclusive of payment of public
debt, were ffIy-fve million nine hum
dred and twenty nine thousand and
ninety five dollars and twenty eight
cents.
1t is estimated that the receipts into
the treasury for the 6scaal year ending
on the ,hir,ie,h of June, 1913, inclu-
ding the balance in the Treasury on
the first of July last, will amount to
forty-two million eight hundred and
eighty.six thousand five hundred and
forty-fve dollars and eighty cents, OF
which thirty-one million, it is estima.
ted, will be derived from customs;three
million FIVE hundred thousand from The
sale of The public lands; four hundred
thousand from Incidental sources, in
Guiding sales made by the Solicitor OF
the Treasury; and six million two
hundred and eighty-hve thousand two
hundred and ninety-four dollars and
fif,y-fve cents from loans already au-
thorized by law, which, together with
the balance in the treasury on the
first Of July last, make the sum estima-
ted.
The expenditures for the same peri.
cd, ifpeace with Mexico shall not be
concluded, and the army shall be in.
creased as is proposed, will amount, in
Guiding the necessary payments on &C.
} count of principal and interest Of the
public debt and treasury notes, TO fifty.
eight million six hundred and fifteer
. thousand six hundred and sixty
dollars and seven cents.
On the first Of the present month, the a
monnt of the public debt actually incurred
Including treasury notes. was forty five mil
lion six hundred and ifty>nine thousand 81,
hundred and ffty-nine dollars and fort,
cents The public debt due on the fourth o
March, 1916, including treasury notes, wa
seven teen million seven hundred and eight,
eight thousand seven hundred and ninetynne
dollars and sixty two cents, and consequently
the addition made to the public debt since tina
time, is twenty seven millinn eight hundred
ard seventy thousand eight hundred and fit,
nine dollars and seventy eight cents.
Of the loan of twenty.three millions, au
thorized by the act of the twenty eighth o.
January, 1847, the sum of three millions was
paid out to the public creditors, or exchang
f ed at par for specie; the remaining eighteen
, millions was offered for specie to the highes
bidder not below par, by All advertisement is
sued by the Secretary, of the Treasury, ant
published from the ninth Of February unit
the tenth of April, 1847, when it was award
ed to the several highest bidders,at premiums
varying from one-eigth of one per cent. to two
per cent. above par. The premium has beer
paid into the treasury, and the sums awarded
deposited in specie in the treasury as fas
as it was required by the wants of the gov
I eminent.
> To meet The expenditures for the remand
. err of the present and for the next fiscal year
ending on the thirteenth of June, !84e, a fur.
Their loan, in aid of the ordinary revenues Of
the government, will be necessary. Re
{ tanning a sufficient surplus in the treasury
the loan required for the remainder of the
present fiscal year will be about eighteen
million FIVE hundred thousand dollars. Il the
) duty on tea and coffee be imposed and the
| graduation of the price of the public lands
shall be made at an early period ofyour SEES
sion, as recommended. the loan for The pres
ent fiscal year may be reduced to seventeen
millions of dollars. The loan may be further
reduced by whatever amount of expenditures
can be saved by military contributions col
lected IN Mexico. The most vigorous meas
ures forthe augmentation Of these contribu.
tons have been directed, and very consit.
cradle sum is expected from that source
Its amount cannot, however, be calculated
with any certainty. 1t is recommended that the
loan to be made be authorized upon the same
terms, and for the same time, that which
was authorized under the provision of the
act of the twenty-eighth of January. lS47.
Should the war with Mexico be continued
until the thirteenth of June. 1849. it is esti-
mated that further loan of twenty million
five hundred thousand dollars will be required
| = H.