Bloomington herald. [volume] (Bloomington, I. T. [Iowa]) 1840-1849, 1848-12-23

balance ia the treasury an The lst Of JuiJ last,
make the sum estimated. III
: The expenditures for the same period. in. /
clpdiug the necessary payment on account OF
M pfincpaiaand interest Of the fret INSTALL |
ment due 70 Mexico on the 3Oih of May next. /
and other expenditures growing out Of the war
10 be paid during the present year, will amount /
incl ding the reimbursement Of the treasury |
no,es) 10 the sum Of 454 1875 275 O6. leaving !
an estimated balance in the treasury on the
Is, Of July. ls49. Of $685., 1874 "a
h The Secretary Of the Treasury will present. as
soon rs required by law the estimates of the rece
and expendi, ures for the next fiscal year. The
pendi.ures as estimated, for that year, amount to
$50, 799 1902 ls, for the interest the public debt.
and Sl3 ,OOO5 $40 for the principle and interest due
to Mexico on the Dist of May, 1850; leaving the
sum Of S25,s74 $50 35, which it is believed, will
BE- ample for the ordinary peace expenditure.
There follows long and fuIsom euosy Of the
Tariff Of '46 and the Sub-rreasury, which. as his
arguments have BEEN time and again, reiterated by
every loco foco cofee-house politician in the coun-
try, we take the liberty to om.-Ep. HEnALD.i
Ia nv message TO Congress Of the 9Th OF
July last, transmitting 10 Congress the rati-
fed treaty of peace with Mexico, recon-
! mended the adoption Of measures Tor the
speedy paymen. Of The public debt. In sub
mj,,ino the accommodation | referred yoa
to the considerations presented 10 that message
10 i,s support. The public debt inclndlug that
| authorized TO be negotiated 10 pursuance OF ex'
| listing laws. and including Treasury notes a.
| mounted at tina, time 10 S65.770 $50 Al.
Funded stock Of the United States amount
Tao - s.ss>Asls s-sss;4sas sf -aeen
purchased as authorised by law. since that
period, and the public debt has thus been re.
| duced, the details Of which will he presented
! 10 the report Of the Secretary CT the Treasury.
| The estimate of expenditures for the next
fiscal year, presented BY the Secretary Of the
| Treasury, it is believed will be ample for all
necessary purposes. II the appropriation made
| by Congress shall no, exceed the amount es-
,iu,a,ed, the means in tine Treasury will be
suficien, to defray all the expenses of the
Government 20 pay off the mex, 'ns'amen' OF
$1,000. 900 to Mexico which fall due on the
The 3Oh May next. and still consdera-
BILE surplus will remain. which should be APP
| piled 10 further purchases Of the pubic stock
and reduction of the debt. Should other ap-
preparations be made. the necessary conse-
qnence will be 20 posipone the payment OF
| the debt. Though our deb. as compared with II
that Of most her nations OF the world ,ls small,
is Out true policy and in harmony with the Ma
,ure Of our Institutions, that we shoald pre-
cent to the world the rare spectacle OF great
Republic, possessing vast resources.and wealth
wholly exempt from Indebtedness; and II
! would add sill more to our strength. and give
TO US sill more com1Danding position among
the ua'ions Of the earth.
| The expenses should be economical, and
| confined to such objects as are clearly With"
,nt, not
absolutely demanded, should bs postponed.
The paynen, .of the public deb, at the earliest
pra c,icabe period. should be a cardinal prln-
cipaI Of our public policy.
For the reasons assigned in my last Annual
! Message. repea, my recon nenda'ion, that
branch Of the min, Of the United States be
established a. the city Of New York. The I'M
porance Of this measure is greatly Increased
by the acquisition of the rich mines OF pre-
, C ions metals in New Mexico and California,
especially the latter.
| repeat the recommendation heretofore made
In favor of the graduation and reduction 10
price Of such Of the public lands as have been
| long ffsrtd in the market and have remained
unsold, and in favor OF extending the nights Ct
presumption to actual settlers. on the lusurvey-
ed as we'll as The surveyed lands.
The condition and operations OF the army
and the state of the other branches under ina
supervision Of the WarlDepar'men' are salts
facfory presented in the accompanying re
port of the Secretary Of War.
On the return Of peace our forces ware With
drawn from Mexico and the volunteers and
that portion Of the regular army engaged for
the war were discharged Orders were ls-
sued for s,a,ioning the forces Of our perma-
nent establishment AT various points IN our ex
tended coun,'y. where troops may be reqn'f-
ed. Owing 10 the remoeness OF some oil
their positions. the de,achmen,s have not reach
ed their destination. Notwithstanding the linn
It's of orr country and The new territories. II
is confidently believed, that our present mill
tary establishment is sufficient for all eXigen-
cies, 80 long as our peaceful relations remain
undisturbed.
Of the amount Of military contributions coll
,ec,ed in Mexico, the sum of 769, $50 was ap.
| piled toward the payment or the first install
| ment due under the treaty with Mexico. The
further sum Of 346 800 80 has been paid into
| The treasury. An unexpendrG balance still re
mains il the hands Of discussing officers, and
| these are engaged Il the collection Of those
moneys. After the proclamation Of pc ace, n o
| further Disbursements were made OF any
| unexpended monies arising from this source
| The balances on hand were directed to BE-
paid into the Treasury, and the individual
claims will remain unadju sted until Congress
| shall au,horzs their settlement and payment
These claims are not considerable in number or
in amount. l recommend for your favorable con-
silera,on, the suggestions of the Secretary of War
and the Navy, in regard TO the legislation on this
subject. Our Indian relations are presented in
most able view. in the report from the War Depart
ment The wisdom Of our policy in regard TO the
tribes wi, hin limits. is clearly manifested by