Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1848-02-21
Voc. XXVH.---yO. 68


parimenr, which brings back the areatase for RI ,h n
fom the rednrcd snn a six hundred thousand 10 ninS
hundred and sixty thousand dollars, which The Quar-
irrlnasier Genefal had originally estimated il.
II NJ should make nfe provision ff The p'tsen ia
cal Year We shall restore The millions eiah hundred
nnd sxy thousand dollars which were taken away from
the 9nmlrrnasier Generals original esnats. II his
be done, mud assume there will be other expendi-
ntes dnrng Tho year beyond what is already estimated
FOL- and M addition made a. the arny Then the warts #
The Government for this year and beyond It's means will
stand thus To tbr loan II sixteen millions asked
Tor by the Secretary Of the Treasury. add five m Hons for
over estimate nj the rotenue Of the y.ar and add also
IMo millions eight hundred and xiy thousand dollars r
the under estimate o the expenditures In the War De-
partneni. and there bs nscd BY loan carry tn.
Government 10 the lat ofJuly next twenty va mil
lions elgh hundred and sixty Thousand dollars
And the loan Of tho last scsslun. which was intend
ed Ia provide for the whole Of the present year. in.
stead Of twenty THREE millions, which thu Secretary.
as nlready stated, informed Congress all that
would he wanted thould have en Tor forty five mllliors
ciph hundred and sixty Thousand dallas. II the Six
teen mlllinns proposed to be raised III meet Tho
wans Of the Gsernmcni thea the public debt the end
o The present fiscal year (Jnue 3Uh) will be sixty six
millions oil liars II You add to this million,
eight hundred and sixty thousand dlIas for the
estimates III receipts and under estimate III urcs,
already explained the deb NJ that date Will be
enly three millions eight hundred Thousand dollars.
LIT ms nnw see what addition Will be made 10 this a.
mount AT the end OF The next fiscal year, which ought
properly ID 10 provided Tor nj Tho pr sei session u Cum
gtess The appropriation Tor next year. whlch begins
the lsi ri July next, must 10 uade al tits session.
aud. When the appropriations made the means 10 pay
them ought 10 he provided AT the time, insesd u
rasng laus on an emergency, as We are uow obliged 10
do, y sason III he sbr estimate ii The Secretary vi the
Inasoy "hen the twenty three million han bill
passed the last ssln. lie should have ample time
Ia negotiate his loan before the money isNanled II IL.
hereote HE clear duty Of The Executive 10 ask that
provision may he made Al this sessIn Tor all the wans
ri the Government io the neAt year. and not come, az
presenl, year behind tho proper time.
What. he (Mr. y J would ask. will be II ceips aud
expenditures 81 the next fiscal yeari AMI wha will I've
The deficiency HAT must he prov dcd ior by loan. The
Secretary ol Treasury estimates II nj twenty millions nvo
hundred thousand. lie (Mr V. was aiIad that in ibis
the SECRETARY VAS again much bflaw The mark
no" know he MAS year ng'. lie estimates The re-
crpts lor neAi Year nj thlry i've mans-ihiriy-two
IA III customs aud ihtee from the public lands. Now,
lac had already shown that 10 The eAeni III the interest
on the Menly million loan IT last year. aud further,
can he He proceeds oI the public lands iopay the
enses n The yea and there Ii great cause Ia teal that
the sotes bounty land warrants will dry up the sal.s
an not 10 bring money enough from thai source TO pay
even ihonlens on that loan.
1hen ihefe Is nothing l,t to fall back upon but the
IONS. So many oauses-luany Of them oilenllnes acc.
dental oI occnll-mhch are 5uush suddenly into acil
greatly nhhenco the cmmCfce 81 The country that
certain estimate can be madethoy must oi necessity 10
approximations only 10 the truth Jad.ng, however,
revenue ltum lie customs Tor the year which hegins
the Ii m July next cannot tc safely estimated al nure
than twenty sN ~ Twenty seven mllhIhs-sy twenty
seven aud put the land at million aud a halt. making
"eniy ,lghl and hall for tie ycar This sa measure
# The ol the Government lie therefore deducted
sn and hail millions il,m the Secretary Estimate
v hat, onthe other hand, viii be LIE exp ,ndut.s,--
There Is now much lugr force IN ihe public service
than "as EN- oyfd al he lcsmung Of the present year
aud the fac that the Executive pressing Congress for
large addition Ia It shows thar even II no tr,ops
are ptauhd by torgrss, all now There III continue
l. be emp 4ed All that therefore There not the
test probability TIA, the expenses Of The neAi year viii
fall below lhose o dis assuming Them 10 DE-
He had belae Shown that the ESTIMATES iai tins year al
ready seni IN, amount TO sAty-twO millions seven hun
dtod AID tgity thrce Thousand hundfed and sAty
dollars HAL probably Two and q hall millions must bo
added In tat lor under estimate, in the Qarleunaslr
Depafimcpl-LflnEng up ioupNads u slAiy five null
lions In " lel must be added AT least tno nllions iur
additional interest next year the Lam proposed
10 be raised, aud That which must be raised al to btsn
mig ol The year 10 meet the wants Of the y.arsay Xix
y -suyen millions Of dollars.
From This amount take the next years resennr---
"rnly elghl and half mlIons-and lhore will bo a
d,cenry ii thiryrsht aud halt millions 10 be proyl
died fol by Loan, instead OF twenty millions and half
estimated by The Secretary OF he Treasury-slowu.
that tho estimate tot This yearand neNts ab.u equally be-
low the real wants of the Sovenment that for next year,
upon this calculation beng seventeen millions less Than
the wants of he Government while that for This year
nuN ad niittd 10 have been millions small,
with every probability as he had before shown that the
delcil 10 be supplied by loan will reach weniy three
millions ar 1t must he borne in mind that the
9uafiermasic Generals estimate alone for The year
cul down five millions aud iurly one thousand in the
manner t.iore stated the original estimate having been
for that u parlmenI &l9,29 200 which reduced to
id,25o,ooO. The Quarlermaser General. it will also
b. borne In mind says it will require the most rigid
economy 10 make the reduced iales de- should there
be- no heavy loss's o property, extraordinary opera
TONS undertaken during he year, and The lrops be not
increased. We know that troops urgently
deuanded thai losses Of properly occur; tina. tho
Executive has now changed his policy and IS resolved up
ON carrying the 10 tho vtas of the enemy which in
plan Enelsl means to uverrun and sutdue tho whole
vast territory OF MeNcoand in pursuance Of that policy,
we already hear that great operations organizing for
The reduction Of Poosl aud Queretaro. What, them viii
be The public debt al the eud If the fiscal year II
the war continued This la. become solemn and alarm
ing inquiry lie had already put down the probable debt.
al HE end II .hs year, al seventy three millions eight
hundred thousand collars. II to that be added thirty
eight aud hall millions, for the dec, of next year, the
amount al the close Of that year, will be upwards Of
hundred and twelve millions of dollars.
H. however, the sixteen millions asked for, will
do or this year, then the debt the end Of year
should there be deficit Of than thirty eight and
han millions III that year, will be but one hundred
and tour aud halt millions. According the mates
OF The Treasury, the debt the end Of year will bo
eighty SIN and half millions. These estimates all
pedicaed upon the supposon that the increased ioca
asked Tor Is mol raised. II that raised must largely
Increase the public expen lures. II must be estimated
lr, and appropriations made heeaer for its support