Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1848-03-04
THE REPORT ON THE FINANCES.

HOUSE OF REPRESENTATIVES MARCH 1.
The House having resolved itself into Committee of the
Whole, (Mr. Husr, Of New York, in the char,) and
proceeded the consideration Of the bill TO supply deficiencies
the appropriations for the fiscal ending June 80 ls4s
Mr. ROCKWELL, of Connecticut, being entitled to the
floor, and addressed the committee as follows
When the loan BILL with the proposed amendment Of the mi
nory of the Committee Of Ways and Means under dis
CUSTOM my purpose TO have addressed the House in
aon those measures and especially the cporto the ece-
ary Of the Treasury the finances failed to do that
me but suppose TO be quite pertinent to the bill now be-
fore the House present my views in relation to that report
In with the public at large was asonhed when
announced after the lapse of than month from
the time when the Secretary made his report Congress- that
he had discovered OF about millions OF dollars
ia his original estimate. It seemed incredible that gross
and dgracefu mistake should have been made in any form
by any head Of the Treasury Department II supposed
hat at least the must have been Of estimate merely
when appeared, the examination OF the supplement
al report Of the Department and the tables in the report
erred TO- that il misstatement Of the OF funds
actually received into the Treasury Of the ava Of Treasury
during the first quarter of the present fiscal yearhat the
Secretary had in his hands millions Of available
than he Of and that the amount Of the loan
ked for by him could be reduced that amount the
ent Of the intelligent business portion of the public
ohnded After such exhibition Of gross ignorance Of the
ondon Of the Department; after 50 gevous in
ne statement of the matter which the very gs of his
or which remained undecided for amon and ten days after
report had been Congress, the examine
Of this document with the utmost dstrus in its accuracy
bttH JusuDeu, tnlnk, result
rpect TO substantiate the following propositions
That deducing the nctual and estimated receipts for the
years ending Both june Is4s ncuding the entire
Treasury notes authorized by the Of July 30 1896
January %, 1s47, from the actual and estimated expend
res for the PERIOD there remains the basis Of the
port ITSELF amount 10 be provided by loanan Of
pcndures over reccpsgreater by than ST. 49, 600
an the amount shown by the Secretary provided for in
loan bill.
That this amount Is shown by subsequent statement
nished me by the Register Of the Treasury 10 he larger
the above sum portion Of the expenses charged
the head Of redemption Of Treasury and loans du-
the last fiscal year and the first quarter Of the present
cal year. for payments made Of prior loans
ot interest and that by these reports taken together
will appear that the of expenditure the LIST July
4s, would be- instead of 49, 900, than 500 600
pre- than the Of the estimates of the Secretary Of the
easury.
g. That the amount Of avaIs Of Treasury actually re-
we'd for the last and the first quarter Of the fiscal year.
the amount estimated available, exceed by than
millions the whole authorized and II from this Is
iucted il should be, the amount OF Treasury notes
med during the period there still an excess Of more
VI 900 Of ava Of Treasury notes. actual and est
ed and above the amount authorized to be issued,
supposion that the amount Of Treasury notes actually
truly stated In the tables for the first quarter OF the
sent hs.J wear.