The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-11-26
Government H nances.

regulating the duties of the Secretary OF the Trea-
sury relative to his annual reports, ne has already
transmitted to the Speaker of the House of Repre-
sentatives the estimates OF appropriations Sc for
the fiscal years ending June &c. 1919 and 1850.
These reports we give atlength in another column.
Various rumors have recently been industrlously
circulated in relation to the financial wants and
resources of the government, and the official
statements, therefore, at this moment, possess
vast deal of interest, and are particularly I'M
portant.
1t appears by this report, that additional appropra-
tons are requisite tor the fiscal year ending June
Both, ls49, &c. PSF 1886. This includes payments
to be made to the Mexican government under the
treaty Of peace, which, with the estimated expendI-
lures made in the last report from the treasury
department, will swell the aggregate for the year
to SCI, 932, 276 The estimated receipts for the
same year were 1886, lOO 900, showing an excess of
expenditures of $50, 49,, 276. The loan made last
June, provided for the deficit estimated for the
year ending June 3Oth, 1913, leaving the operations
of the department for the current year free from
previous Deficiencies.
The estimates of tine expenditures for the year
ending June 30, ls49 were based upon the suppose.
ton that the Mexican war would still be actively
carried on, and the expenses Of the army were
therefore put down at S32 OO7 OPS, and the navy at
SIC, sos $685. making an aggregate for the two items
upon war standard, $42,9l2, 57S-an amount
nearly double the annual ordinary expenses Of the
government. AS the war was closed before the
present fiscal year commenced, the estimates are,
of course, far above the actual expenditures. The
expenditures on account of the army and navy, for
the year ending June 80, 1s35-the year before
the commencement of the Mexican war--amount-
ed to only 81, 497 5sl; and the departments have
almost since the cOmmencemento of the present fiscal
year, been reduced to peace standard, the expendi
lures cannot much exceed that sum. Suppose how
ever we putt down at $40 00O 600, which, deducted
from the amount estimated, Az SIS, leaves
SIS to the credit of the treasury IN the estI.
mate. This is greater than the deficiency estl-
mated, and will leave balance on hand, June
Both, lSi9, of 1850, 3O2that is, if all the other
items are realized, according to the calculations
made. If our deductions from these premises arc
correct, there will be no further call for money,
and the finances of the government will soon be
placed upon sound and substantial basis.
The expenditures for the fiscal year ending
June 80, 1850, are estimated at 1928, l52 49,
This is within our ordinary revenue, and we shall
easily make both ends meet. If any more difficult
ties occur in our financial affairs, they will be re-
alzed before the close of the present year, after
which all will be plain sailing for the new party
about coming into power.
HoAxEs BY TELEGRApH.-We understand from
the best authority-the family of the gentleman
himsef--that Levi North, now at Memphis, who
has been reported by telegraph to have died from
wound received in an afIray, is still alive and
well, and had no difficulty or quarrel with any one
IN Mississippi. All the reports of his deeth, here
tofore given in the newspapers, we have every rea-
son to believe, were wicked and unme aning
hoaxes-perpetrated by some worthless persons
without any apparent purpose These hoaxes have
given good deal of uneasiness TO his family, who
reside IN this neighborhood. ......
Levi North, therefore, has been engaged in no
row in Mississippi, and was perfectly well by the
last accounts received through the telegraph.
ARRIVAL OF THE UNITED SrArEs--A SPLENDID
PAssAeE.--This magnificent ship arrived last even.
ing from New Orleans, after rapid run of only
six DAYS and six hours OF the shortest passages
that has yet been made between the two ports
The papers brought, for which we are under obi
cations to Captain Hack staff, are full three DAYS
later, and consequently that many days IN ad-
| vance of the U. 8. mails The noble ship had
| eevefe time on the first of the passage, and for
Eve days after leaving the Baze, she encountered
heavy head winds and cross seas. Notwithstand-
ing her delay at Havana, and the long stay at New
| Orleans, she has been absent from this city but
twenty-one days.
| INTELLIGENCE PROM CENTRAL AMERIcA.-Cap-
tain Sannichson, of the schooner Regina Hill
who left San Juan de Nicaragua on the 10Th INST.
says that much sickness prevailed at Grenada,
and that the people were greatly distressed from
| the want Of medical aid. A gold mine is said to
have been discovered close to the sea coast at
Salt Key, or Creag, belonging TO Captain Shep-
| pard, Governor Of San Juan. Provisions scarce
| ut San Juan.
| ARRIVAL or THE CHERoKEE.-The steamship
| Cherokee, Capt. Lyon, arrived at a very early
hour Yesterday morning from Savannah bayug