Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1848-03-04

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Treasury furnishes no satisfactory explanation and Is shown
its face to exceeding $685. 900
10 the result at which il arrives
That the amount Of Treasury for the first quarter
as stated in Table b. attached the report is not correctly
stated that the whole amount actually received during the
quarter from customs shown by Table XIX and from pub
lie lands, shown by Table H the Of $780, $50
that the amount in Table b. for redemption Of Treasury
notes. of So 1885, 329 includes the amount of notes funded
which is in redemption Of the notes. and in no
reduces the amount Of the avais Of the notes previously
received stated the other side OF the that this
appears from other tables attached TO the report showing
that in this statement there was of more than
800 900 and if the statement is correct Of the avas Of
Treasury during this quarter, the mistake Of the Secre
ary is more than $4,000, O00
That according TO these tables the amount Of Treasury
available the residue of the present fiscal year. after
the first quarter instead Of being stated by the Secretary
29455 would be only about So $780, 00O thus show
overesmate of the available means of about three and
half millions Of dollars.
r. That the statement Of the amount Of public debt and
interest paid during the year ending December i ls47,
than 600, shown by Table E, and less
shown by Table O. than So 800 900 for seventeen months
embracing the period mentioned In Table T.
am aware, sir, that am making very serious charge,
and one which, sustained by the papers which shall REFER
will show the bead of this department TO be grossly in
competent to the station which he fills is made with great
sincerity, at least and after careful examination If did
suppose the results which have arrived demonsraJe
well true should not make any such assertion, and
quite DESTROYS that the members the Committee Of Ways
and Means, any other gentleman in the House who shall
suppose that wrong Should while am speakng correct
any statement which may make in his opinion
The problem be solved is, upon the basis Of the
report Of the Secretary the Treasury of the actual and es
mated expenditures and Of payment fer the years
ending July |, 1913, what will be the provided
for on that day by the way Of loan
This proposition appears to to be very simple one,
and to the solution of which it is all difficult arrive
The Of actual and estimated expenditures given in
the report of the Secretary Of the Treasury for the two years
The of the actual and estimated receipts given also
during the These mea of ara
three only !. The balance hand the lst Of
July, 1916, the commencement of the two years. O. The
ordinary receipts from the customs public lands, and mcel
celaneous g. The of the loans authorized
during the same period by Congress
1t is evident therefore, leave out of consideration the
loans of SAC and ls47 and the to be received from
that source doducng the of notes redeemed the
the balance hand added the of actual
and estimated receipts being deducted from the Of
expenditures actual and estimated during the period,
will give the balance to be provided for the ls Of july
lS4s If from this amount you deduct the total amount of
the loans authorized the balance necessarily be the
sum to be provided for at the end Of the year.
In this view of the matter, which begin by placing in its
most simple form, is perfectly certain that nothing in
any way can be made out Of the loan Of ss3 0OO 900 than
if sold par, the precise amount if sold fraction above
par the tng amount in addition and process Of cipher
ing, combination of figures, mathematics either in
the Treasury Department elsewhere vary the result
In this view of the subject it quite unmpoant whether the
loan has been negotiated not whether all in the form
of money in the Treasury in the form Of scrip Treasury
which De maue avail
able for the of the Treasury The result is the
nothing can be made out of this oan par than the
sum Of S33, 900, 600.
appears however, by therepoha the ava Of Treasury
notes and loans during the year ending July l. ls47,
S25 679 l9945. 1t also appears the other side Of the
statement that there paid for the redemption of
Treasury notes during theyear the of 81, 36 or
which being deducted leaves the amount Of avas of
Treasury during the the $751;
and if this deducted from the Of the loans the
whole of available from Treasury the
present year would be only the Of SO, 1872 29762
This the whole amount of Treasury notes available
the end of the fiscal year ending June 80, ls47 If from
this you deduct in the first place the of avas of
Treasury and loan for the first quarter less the
redeemed and returned into the Treasury have the whole
amount, the Secretary showing Of the Treasury
available for the residue Of the present fiscal year.
In order present this the glance of the eye
give the statement shown by the report Of the Secretary,
for the years. in summary presenting the results Of the
Secretary's figures
Actual expenditures for year ending Soth june
1SH. S5g,451,1 65
Deduct Treasury redeemed 1851, 1897 OF
57,os9,7so IS
Actual expenditures for the quar-
ter ending September SO, l84S,
and estimated expenditures for
the rest of the year ending 3oth
June, lS4S. S5S, 6l5 600 %
Deduct redemption of Treasury
notes in the first quarter in Ia
BILE Is, contained in statement of
expenditures OF first quarter. 1856, 329 63
--56, $50, $50 Al
ll3,320,lI1 OF
Actual receipts during the year