The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-11-30
The Finances.

The following article from the New York True Sun OF
the 27h cannot very well be understood by our readers
without brief explanation. Estimates of additional ap,
preparations proposed 10 be made for the service of the
fiscal year ending the 3oh of june s4p have been pre-
pared by the Secretary of the Treasury to be printed
under resolution of Congress, for distribution at the
commencement OF the session. They were sent to the
contractors Tor the printing of Congress- and copies
have been transmitted by correspondent or CORE
spondents IN Washington to some of the northern
papers, without the privity or sanction, and we
presume, against the wishes of the Secretary They
Will be officially submitted to Congress on the first
day OF their session. and shall lay them before our
readers as soon they thus communicated II is
these estimates, purporing to be Official 1--WE have had
no opportunity of testing the accuracy of the publication
to which the following article REFERS from the pen of one
Of our most intelligent writers on finance
From the New York True
uoVkkNMENr FNANcKs-The treasury statement, which
VIII be found on the outside of todays paper presents
gratifying view OF the condition Of the government finances
VIII be seen that the estimates of the necessary addition
al appopra atoms for the fiscal year ing Goth June l849
amount to but S7449J3 So The Herald in its summary
OF these statements, gives the amount at $40 1886 IL
very careessy adding in the appropriations made by former
acts OF Congress- as expressly stated in the table, amount
Ing to All 49, The Herald is very fond of Boosting
Of its character in financial statements but it Is not all
uncommon to find 1t committing grossly careless blum
der similar to that aforementioned. But the
statement The estimates for the fiscal year ending S0h
June, $780, given $33 28l52 To- The revenue
government If its policy unchanged will than
this that financial difficulty is to be encountered by
The new administration when it comes into power. 1t re-
mains TO be seen whether it will OUT leaving matters In
secure position The democracy, and. indeed. the
whole people, have every congratulate themselves
the which has marked the policy of the present
administration in all matters of finance That the revenue
tariff and the independent treasury have had all the salutay
effect in this respect which has been expected Of Them
be dened and though pect both OF these
violently assaulted in the Congress- the peo
pie cannot be deceived any great extent in regard
hem They recolect the wings predictions of ruin and
disaster which attended the passage of these laws and they
conscious OF the signal failure OF these predictions
Under administration has the credit of the government
the general interests of the country, been in
healthy condition than under that which is going out
OF pswer and that, too, when extraordinary circamstan-
ces have combined to embarrass it, The widest wing
will pretend that the change in the administration,
which the election has decreed is the result of any
dissatisfaction the part of the people in regard TO the
operation OF the policy of the democratic party in this
respect. The best evidence Of this may be found in
the fact that the Wing National Convention did not
WISE They knew that they could not conduct the
successfully, if they presented these matters in issue
before the people and if the wings attempt to fly in
the face of public opinion by endeavorng repeal these
which have been rumphanty successful, and
which, be denied, have received the unquestion
able sanction of the people, word for it, they will be
hurled from power by the of popular Indignation
which the attempt will surely raise
We repeat-he democratic party point with pride
the condition of all tho public and national interests which
have been under its control in the present administration
and it is deliberate opinion that its policy is 50 firmly
established in the good opinion of the people, that the in
coming administration will take the responsibility of
changing ii, if it has the ability to do so.