The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-02-08

diiures The estimates of the past year by the
Secretary OF the Treasury about five millions
the truth while the expenses OF the Department of War
underestmated by four millions Mr. V went
into statement of the estimates by the Secretary of The
Treasury for the OF The succeeding year. show
ing hat there ground to think he had overestmaed
his about far he did the last year and if
this correct, the same amount should be added 10
the loan demanded. He declared that the Sec
rotary of the Treasury had right 10 include in
these estimates the proceeds of the sales of the pub
lie lands because these were pledged by the loan ACT OF
the last session OF Congress-irom which acl he read lie
proceeded state that the motives which influenced him.
individual member OF Congress, to give that pledge
were because would take the proceeds OF the sales OF
the public lands out of the OF the country and
far goes, might assist in forcing the administration
into an abandonment their policy of free trade and
because he thought also, that would put end to the
efforts reduce the price OF the public lands But far
from this the President returned TO the charge IN his last
annual message, and recommends this measure I'm utter
disregard OF the act OF Congress TO which he had refer
redo means of supplying The payment OF the loan
called for. Mr. " also proceeded to show that the
bounty land scrip for the Mexican would so far abb
sorb the demand Tor the public ants TO render the
proceeds of their sales entirely insufficient for the pur
estimated-to pay the interest The twenty
million loan
five six millions of dollars and with respect TO
tie expenditures he read from the estimates of the Quar-
thousand effective in the field, il would be
~ to support army OF hftyhve Thousand men; and
from this source he perceived an underestimate Q! ex
penses amounting TO upwards of three millions, which,
together with the overestmate OF MEANS would require
that above seven millions should be added TO this loan
bland bringing up the loan for the necessities Of
The government for The present year from sixteen mil
lions TO upwards of twenty three millions.
y Mr. c. w HOUSTON asked that the letter of the
Quariemasicr might be read from the Clerks tablen
timating thai it might exhibit different phase If il were
read through
Mr. VINTON preferred TO send the letter TO the gentle
from Alabama to read for HIMSELF and proceeded to
propose considerations the estimates for the
fiscal year. to the first Of July next and
spoke of the Secetays estimates OF the from
customs and the public lands coming up to thirty five
millions, rather large He thought that the estimates
from and the public lands if placed at twenty
eight millions anda half would be nearer the truthwhich
seven millions less than the Secrearys estimate.
With respect 10 the expenses OF next year, if put
down the estimates of the expenditures to precisely what
they made out for the present year, and add to them
the interest the loans, which would be two and half
millions, the would be sXty-fve millions for the
expenses of the fiscal year against which, there
was submitted an estimate of revenue to the amount Of
twenty Eight millions Here Mr.. VS. time expired.
Mr. LGON spoke hour in relation to the finances,
the necessity of prosecuting the and the question of
improvements, by aid Of the government, of rivers and
harbors
Mr. FISHER of Ohio, obtained the floor, and
The House adjourned