Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1848-05-12


July next, must be made at this session; and,
+ when the appropriations are made, the means
to pay them oughI TO be provided al the same
T time, instead Of raising lorns on an emergency,
as We are now obliged 10 do, by reason Of the
short eitimale of the Secretary Of the Treasury,
when the wenty-three million loan bill was al
the last session. lie should have ample time
10 negotiate his loan before the money is want.
ed. Il is, therefore, the clear duty of the Exc.
ecutive 10 ask that provision may made at this
session for all The wants of the Government for
the next year, and not come, as at present, year
behind the proper time.
What he (Mr. w. would ask, will be the re-
ceipts and expenditures of the next fiscal yearl
And what will be the deficiency that must be
provided for by loanl The Secretary Of the
Treasury estimates il al twenty millions five
hundred thousand. He (Mr. w was afraid
that in this the Secretary was again as much
below the mark as we now know he was year
ago. He estimates the receipts for next year
at Ihirty-fye miions-thirty-Iwo from customs
and three from the public lands. Now, he had
already shown that, TO the extent Of the interest
on the twenty.three million loan of last year,
and no further, can he use the proceeds Of pub.
tic lands 10 pay the expenses of next year; and
there is great cause 10 fear, that the soldiers
bounty land warrants will so dry up the sales
as not to bring money enough from that source
to,pay eyenIhe interest on that loan.
Then there is nothing left to fall back upon
but the customs. So many causes, many of
them ofientimes accidental or occult which are
brought suddenly into action, so gRaIly inau-
! ence the commerce of the country, that no GER
tain estimates can be made; they must, of ne
cessity, be approximations only TO the truth
Judging, however, from certain great and gen.
erul causes now al work, the revenue from the
customs for the year which begins on the first
Of July next cannot be safely estimated al more
than wenty-six or twenty-seven mlllions-say
Itwenty-seven, and put the land at a million and
u hall, making twenty.eight and half for the
year. This is the measure Of the means Of the
Government lie therefore deducted six and a
half millions from the Secretary's estimate
What, on the other hand. will be the expendi-
lures! There is now much larger force in
the public service than was employed at the be.
ginning OF the present year; and the fact that
the Executive is pressing Congress for large
addition to it shows that, even if no more lroops
are granted by Congress, all now there will con.
tnue 10 be employed, and that, therefore, there
is not the remotest probability that the expen-
ses Of the next year will fall below those of this
assuming them 10 be no more. And he belize
we'd the war would grow more and more expen.
sive the longer ii continued and the wider the
surface over which we spread our armies. He
had before shown that the estimates for this
year, sent in, amount to sixty.two millions seven
hundred and eghty.three thousand six hundred
and sixty dollars; that probably two and half
millions must be added TO that for under-esti-
mates in the Quartermasters department, bring
ing il up to upwards of sixty-five millions; to
which must be added at least two millions for
additional interest next year on the loan now
proposed TO be raised and that which must be
raised at the beginning of the year TO meet the
wants Of the year-say sixty millions Of
dollars. Frem this amount take the next years
revenue, twenty-eight and half millions, and
there will be deficiency Of thlry.eighl and
half millions to be provided for by loan, instead
of twenty millions and a half, as estimated by
the Secretary of the Treasury; showing that
! the estimate for this year and next is about e.
quaiIy below the real wants OF the Governments
that for next year, upon this calculation, being
seventeen millions less than the wants of the
Government, while that for this year is now ad-
milted TO have been sixteen millions to small,
with every probably, as he had before shown,
that the deficit 10 be supplied by loan will reach
twenly-three millions or more. 1t must be borne
in mind that the Quartermaster Generals esti-
mate alone for the next year was cut down five
millions and fortY-one thousand in the manner
before slaled-lhe original estimate having been,
for that department, 81 8 30 200, which was re.
duced 10 $14,25O,O0O. The Quartermaster
General, it will also be borne in mind, says it
will require the most rigid economy to make the
reduced estimates do, should there be no heavy
losses of properly, no extraordinary operations
underIoken during the year, and the troops be
noincreased. We know that more troops are
urgently demanded; that losses of-property
must occur; that the Executive has now changed
his policy, and is resolved upon carrying the
war TO the vitaIs Of the enemy, which, in plain
English, mems TO oyerrun and subdue the
whole vast territory of Mexico; and, in pursu-
ance of that policy, already hear that great
operations are organizing for the reduction of
Potos and Queretaro. What, then, will be
the public debi at the end of the next fiscal year,
| if the war continue? This has become a SOL
emn and alarming inquiry. He had already
put down the probable debt at the end of this
year at seventy-three millions eight hundred
thousand dollars. If to that be added thirty
eight and half millions for the deficit of next
year, the amount at the close of that year, will
be- upwards of one hundred and twelve millions
Of dollars. n.r q,
IT, however, thesixteen millions now asked for
will do for this year, then the debt at the end of
next year, should there be a deficit of no more
than thirty-eight and a half millions in that year,
will be but one hundred four and half Millions.
According 10 the estimates of the Secretary of
the Treasury,the debt at the end of the nextYear
will be eighty-six and half millions. These
estimates, thpt of the Secretary, and those by
himself, are all predicated upon the suppositlon
that the increased force asked for is not raised.
If it is raised, it must largely increase the public
Expenditures II must be estimated for, aud ap.