The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1848-02-25

ing, however, from certain great and gen
eral causes now at work, the revenue
from the customs for the year, which be-
gins on the first of July next, cannot be
safely estimated at mnre than twenty-slx
or twenty seven millions-say twenty
seven-and put the land at million aud
half, making tweuly.eight and half
for the year. This is the measure of tho
means of the Government. He there
fore deducted six and half millions
from the Secretary's estimate. What
on the other hand. will be the cxpendi-
lures! There is now much larger force
in the public service than was employed
atthe beginning of the present year; and
the fact tina; the Executive is pressing
Congress for large addition 10 it, shows
that, even if no more troops are granted
by Congress, all now there will continue |
To be employed, aHd that therefore there !
is not the remoteSt probability, that the
expenses of the war next year will fall
below 'hosc of this, assuming them to he
no more. He had before shown that the
estimates for this year already sent in.
amount to sixty.two millions seven hun.
dred aud eighty thousand six hundred
and sixty dollars; that probably two and
halt millions must be nlded to that for
under estimates in the Quarterrnas,er's
Observation-Disclosures it up to upwards
OF sixty.five millions; to which must he
added at least two millions for additional
interest next year on the loan now pro-
posed to be raised. and that which must
be raised at the beginning ofthe year to
meot the wants of the year-say sixty.
seven millions of dollars.
From this amount take the next years
revenue--twenty eight and half mil.
lions-and there will be deficiency of
thirty eight and half millions to be pro.
vlded for by the loan, instead of twenty
millions and half, as estimated by the
Secretary of the Treasury showing that
the estimate for this year and next is a
bout equally below tho real wants of the
Governmenri that for next year, upon this
calculation, being seventeen millions less
than tho wants Of the Government, while
that for this year is now admitted to have
been sixteen millions too small, with ev.
cry probability, as he had before shown,
that the deficit to be supplied by loan
will reach twenty millions or more. Ii
must be borne in mind that the Quarter.
master Generals estimate alone for the
next year. was cut down FIVE millions and
forty one thousand in the manner before
stated; the original estimate having been
for that Department Sl9.29l 200, which
was reduced to $14,250, 900. The Quar-.
termaster General, it will also be borne
in mind, says it will require the most rig
id economy to make the reduced esti.
mates do, should there be no heavy losses
of property, no extraordinary operations
undertaken during the year, and the
troops be not increased. We know that
more troops are under demand that loss.
cs of property must occur; that the Elk.
ecutive has now changed his policy, and
is resolved upon carrying the war to the
vitals of the enemy. which, in plain En-
glish, means to overrun and subdue the
whole vast territory Of Moxico; and, in
pursuance to that policy, we already
hear that great operations are organizing
for the reduction of Potosi and Quere.
taro. What then, will be the public debt
at the end of the next fiscal year if the
war continue? This has become a sol.
emn and alarming inquiry. He Ihad al.
ready put down the probable debt at the
end of this year at seventy. three millions
eight hundred thousand dollars. If to
that be added thiry.eight aud half mil,
lions, for the deficit Of the next year, the
amount, at the close of that year will be
upwards of one hundred and twelve
millions Of dollars.
If, however, the sixteen 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 half millions in that year, will
be but one hundred four and half mil.
lions. According to the estimates of the
Secretary of the Treasury, the debt at
the end of next year will be eighty. six
and half millions. These estimates
are n ! predicted upon tho supposlion.
that Ine increased force asked for is not
raised, II thar is raised, it must largely
increase the public expenditures. 1t
must be estimated for, aud appropria.
tions made hereafter for its support. Any
ono of these estimates exhibits sad
prospect for tho country. Looking at
this bill as n more money transaction be.
tween the Government and the public
creditor, II may be thought to be moro
honest than expedien, to make discos-
ure OF the present and prospective con-
dlIion of the financial affairs of the coun-
try; but it is not to DO forgotten, that there
is another party whose agents wo are,
the tax'paying people who must foot the
bills, and who have a right to know the
truth and the whole truth-to know how,
by whom, aud for what their money is
expended. Ho felt bound to say, that
from the nature and uncertainty of the
facts from which many of the opinions he
had stated Orc deduCed, he could not
roly with ontire confidence in the correct.
ness OF all his conclusions; but they were
nevertheless conclusions no could not a.
| void coming to. He sincerely hoped,
Tor The sake of the country, that his cal.
culations were as much above the futur.
wants OF the Government, as the past es.
Inmates of tho Executive are now known
to hnyn been below tham