The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1848-03-08

l6rtI eeiA AA4 ~ 80 = - II
enrF hal muEl Ne provided r. ~ lrani
ne Secretary ef n Treasury essimsies
1 4 twenfy nllioas Eve hundEsd Hos
sd. lie lNr. VI wss sfssid shai ial
his Inc lEseFriary xas againss marh Be-
Low the tnaFk ~ ws son know he wasI
\ yssFags. Tie eFllnsies he Eeeripis ias
nexi year a thify.kss millinn-ihiriy-
40 ffnm rnsioms and lhFrs from he pub-
IL lanas. Nov. he had alressy shoHn
hat 70 he exienl 81 he interest On he
iwrnIy million loan Of last year. AMI no
farther. can he use The PFnreesls cf The
public lands 10 pay The expenses Of ihe
wear; and there is great eause 70 Far that
he sal.lisrs' bounty land warrants viii -
dry % the sales ~ not 70 bring money
enough from that seuTse 70 pay even me
interest On that Loan.
Then there Is nothing lsil % fall hack
upon hut The customs. 80 many rasses
many &c them oflsAiimes arridsnisl or
oerulI--whirh are hranghl Suddenly into
aelion. - greatly inanenee The commerce
0f the country that m certain estimates
can be mads-ikey must Of necessity be
approximations only 10 the ruth. Jndg-
ing. however. frnm reIlain great and gene.
raj causes now Al work. Ihe revenue from
the customs Tor The year which begins On
ihe Isl Of July next cannot be safely est.
mated Al more Than twrniy.six or twenty.
seven millinns-say tweniy-seycn--and
pa, the land II million and half. max.
ing iwenly-eight and half for the year.
This 10 the measure Of the means af the
Government. He therefore de,lueied six
and half millions from the SccreiaTy's
estimate. What. on The other hand, wall
be the expendiiuresi There is now .
much larger force in The public service
than was employed al The beginning ofthe
presen, year, and the faci that the Execu.
live il pressing Congress for large aal.
d,iion 10 il shows that. even If M more
troops are granted BY Congress, all now
there will coniinue TO be employed, and
that therefore there il not the reGnoiesi
probability that the expenses Of the next
wear will Gall below those of this. :ssun.
/ ing them 10 he no more. lie had before
shown that the estimates for this year
already sent in. amount To sixly.iwo mil.
lions seven hundred and eighty-ihree
thouscnd six hundred and sixty dollars;
that probably two and a half millions must
he added Ia that for under estimates IN
the Quariermasier's Departmenl-hringing
il up To upwards II sixiy-iye millions: IA
which must he added al least two millions
for additional interest next year IN the
loan now proposed 10 be raised, and thai
:, which must he raised al the beginning ol
the year to meet the wants If The YEAR
say sixiy-seven millions Of dollars. From
this amount take the next years revenue
! --iweniy.eiphi and a half millions - snt
there wiIl be deficiency Of lhiry-eigh
and half millions TO be provided for b,
loan. instead ofiweniy millions and half
a. estimated by the Secretary ofihe frea
s.ss---shnssrr ihea. abe estimate for lhii
| year and next IS about equally beinW III
/ real wants Of the Governments; that fo
next year, upon this cslrulaiion. helm,
seventeen millions less than the wants q
the Government, while that for this yea
is now admitted To have been sixieel
millions ioo small, with every probability
rs he had before shown. that the defici
10 he supplied by loan will reach twenty
three millinns or more. Il must he horn
in mind that the Quartermasier General
estimate alone for the next year WAS Gu
down Eve milli"ne and forty. one thousand
in she manner before stated; the origina
estimate having been Tor thai Department
sl9.29l 200, which was reduced To SD
250.00O. The Qnartermasier General.
will also be horne in mind, saws il wi
require The most rigid economy to max
The reduced estimates do. should there
no heavy losses Of properly, M exiraal
; binary operation undertaken during IN
, year. and the iroops he not increased. W
know that more troops are urgently demar
. ded; that lossesof property must occur; tia
| the Executive has now changed his policy
: and is resolved upon carrying the war I
, the vilals Of the enemy. which. in plal
English. means 10 overrun and suhdne III
whole vas, territory Of Mexico: and. i
i, pursuance of that policy, we already hea
. that grea. operations are organizing &
the reduriion Of Poiosi and Queretar,
! What. then. will he The public debt a, y,
end Of the next fiscal year, il the war col
; tinuel This has become snlemn an
alarming inquiry. lie had already pl
E dawn the probable debt at the end of Obj
. year a, sevrniy.ihree millions eight hui
( dred thousand dollars. Ifto that he atde
| ihiriy-eigh, and a half millions for the d,
i felt of next year, the amount. al the rio:
] Of that year, will be upwards Of one hui
: dred and twelve millions Of dollars. r.
p u, however. the sixteen millions no
e asked for will do for this year. then ii
e debt at the end Of the next year. shnu
there he ! deficit Of no more than lhiri,
Q eight and half millions in that year, wi