The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-09-07

also have available your treasury note OF hundre
reissue On the side of expenditures must be placed on
hundred dollars for your treasury note redeemed The
apparent OF the treasury for the year from treasury
notes, thus two hundred doarsone hundred dollar
which has actually accrued from the issue OF the
and hundred dollars available from the right
the note which has been redeemed. This il
double the authorized to be issued and kept out
any one time
Thus in order 10 get at the real OF the reasur,
for the year, the amount OF the treasury note redeemed
equal TO what you get for the of the noe by tas
it up On the other side, in order TO get at the real
penditures of the year, the sum, for the treasury
note redeemed must be deducted because The giving
taking up the note balance each other. In Short thu
matter will stand thus
Avas of treasury note issued $lM
Available from power to reissue treasury note Io'
Apparent means $500
Deduct treasury note redeemed lot
Real means of year SAOI
Apparent Expenditures.
For treasury note redeemed $IN
Deduct treasury note redeemed lO'
Real expenditures oo'
trust the principle is apparent.
Mr.: PHELPS. Will the senator allow, me to ask hin
whether his estimate OF expenditures includes the expen
dtures for the redemption of the public debit
Mr. ATTENTION. 1t does; but excludes the expeRd
lures for redemption of treasury notes, for the
have explained.
Mr. PHELPS So supposed.
MIR. ATBERToN | now come to the means and eX-
penditures of the current fiscal year
Fiscal year beginning July 1877 being the cHrent fsca
gear, and the second Of The tcar.
The receipts are
From customs, first quarter, ending Septcm-
Estimated Tor the three la st quarters is'sSs'7i2 81
3l,oOo,ooo on
From lands $500, 900 OF
Miscellaneous sources 100000 OF
Receipts asderom treasury and oans So 900 Ot
The expenditures Tor first quarter ending September
30 lSl7, are stated il, the Secrelarys report :,
In this is included win be by table
b. re denption OF treasury notes and inter- .
In this latter sum is included an amount of
notes redeemed under acts other than those
Of 1916 and 1877, equal to 1851 g.
Which being deducted, leaves 3lD97a 0C
the amount of notes paid in for customs and lands OF
for loans which should be taken from the gross amount OF
expenditures above stated.
This deduction leaves
The real expenditures OF the first quarter Si 222 6s
The estimated expenditures for the last three
To this add the additional appropriations not
included in the estimated expenditures 80
above 4,WW,0W w
Real expenditures of the year sol, 3o5, 6ss o.
Means.
The receipts of the year,
given above from customs,
lands, aud miscellaneous
sources, amount to x3i,9Oo00o W
To this addthe balance in the
treasury at the beginning OF
the year l,7Ol,2Jf 20
Means Of the year, aside from treasury
and loans 3660l, PSI q
This taken from the expenditures of the
aside from treasury notes and loans S23. 7O4 436 80
Means of the rear from, treasury and oans under the
acts of 1876 and l64.
Received during the first quarter, omitted in
table -, and in Sec retary's report as APP
pears by supplemental letter $6,9lo,O7S w
and and redeemed 2,sO9,s 72 90
And we have the real means accrung from
Quarter 4,6O5, LOG oO
'I for phs Ia three quarters 6,2s5, 29i 55
and loans, under acts of 1916 and s47 SlossO 400 s.
II we take the means of the year from treasury notes
and loans under these acts, from the whole deficiency
we have the deficiency which remains now to be provided
for.
Deficiency of the year, aside from treasury "a, oo o.,
and loans e, $zo,f"i,43o o.
Means of the year from treasury notes and
loans under the acts of 1916 and s47 I0.S0,400 h,
Deficiency to be provided for Sl2,sl4,O36 q
This agrees with the report OF the Secretary, which,
according TO the supplemental letter. makes the deficiency
SIS O36 27-$4 having been here added in my