The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-01-06

There woul have been two hundred thousand dollars
Of the relief issues cancelled within the year. accord
with the requirements Of the law but hs payment
Of the interest which fell due the fret of February
last left the Treasury much exhausted, that the
amount which should have been cancelled on the 3lst
March, was not then on hand 1t will be reooleetsd
that became necessary anticipate portion Of the
means of the year, by loan OF 5000 000 to meet the
interest which fell due ON the LIST February
The balance in the Treasury, on the LIST
December, 1915, was. ............ S35467o 20
The receipts into the Treasury, during
the financial year ending the 3oth Nov,
lS47, from all sources including the
loan of S20Ooe0 above referred to,
were. ................... s977,oas 80
Making an aggregate of. ........ 4,asI, 7o4 50
The payments made out Of the Treasury,
during the same period, incuftng the
repayment of loan OF s4Oo COO were a,6sosls ~
the Ist Dec IsI7. ......... $50 800 IS
being 1926 Pig 10, more than il the LIST Deem
Der, 1916.
The estimated amount Of available out
standing taxes, on the let Dec, 1917,
and the esiim.tcd amount of The same, on
LIST Dec 1916 was. ................ 5aa6ss 81
which exhibits an increase in this itom
of. ................... ....... sI9a 90
in the Treasury, OF. .................. 2962la Is
and we have the sum Of. ............ 500, 4oa 81
as the aggregate Increase of the balance In the
and of outstanding taxes LIST December lS47, over
the items on the LIST December 1916.
This calculation shows, that the revenues assessed
and accruing within the financial year. ending the
3Oth November last not adequate the
demands the treasury within the year. but exceed
ed them by the OF $500 4Dl above stated and
If to this bs added the amount Of the debt paid
within the year, to wit $3.50 627 49, We have the
of S463032, the excess of the revenues accruing
within the the payment of the interest the
public debt, the expenses Of tho government and the
ether ordinary demands upon the treasury.
This pres ents very encouraging vsw OF the improv
ing condition ofthe huances the state tits the FIRST
time sincs thscommeacensnt of the internal improve
ment system, that The permanent revenues accruing
within the year unsded from any other source, have
.x.a ada1n hpRr 1.m Qnfa fha
1t true the Interest upon the funded debt and other
claims upon the treasury, during the two preceding
years including the payment of portion OF the public
debt by the cancellation Of relief notes, punctu-
ally paid but Ia doing this, the balance which had
cumulstei in the treasury, on the LIST Of December
S4 by the previous suspension Of the OF the
interest the public debt for two and one-hslf years,
diminished year until the last as is partic
explained in annual messages, in lS43 aud 1885, to
which you are respectfully referred
An estimate OF the receipts and expenditures Of the
year, made with much care aud upon consulta
ton with this other officers Of the government is hereto
appended by which appears that the estimated amount
OF receipts into the treasury from all for the f.
nancia year enains on the soth November, ls4s, Is
S392l 900 90
And that the estimated amount of expsnd-
lures, for The same period, including the
cancellation OF 100000 relief notes Is ..s576,so0 90
Which exhibits estimated excess OF re-
cepts over expenditure, Of ..sS5,olo 90
To which add the estimate for the cancella.
ton Of relief notes, which are part OF - -.
the public debt. ........... ..... .2oo,o 90
And We have the sum of...............54 5 $40 90
as the estimated of receipts Of the current nan
cal year endiog the 5O:h November next, the
OF the interest the public debt and the
rent demands upon the Treasury.
The,s estimates when taken in the aggregate, con.
slider entirely SAT, and reliable During the last few
years. the actual results have been favorable to the
Treasury than anticipated by thu estimates Net
withsandipg the extraordinary floods which occurred
during the pact year the consequent damage to the
public works and the interruption OF the trade upon
them about two months the tolls taken by the COL
1orfn Ia uNpr
Canal Commissioners amounted to the Of $751;
SIS ST. being S2s6,0Sl H. more than taken in the
preceding year and exceeded the estimate made for the
last year nesr one hundred thousand dollars Had NO
unusual Interruption OF business occurred the smouot
taken would certainly have reached eighteen hundred
thousand dollars
rent year is seventeen hundred thousand dollars which
there Is good to believe IN rather below tnsn
above the amount which will be received. Tbs expenses
Of repairing the damages 10 the public wofks oy the
floods Of the past gear, will principally M upon the cur
year They however, included in the estimate
the expenses of the year and will not snect the
suits presented in the preceding calculations
The amour. Of relief in circulation, on the hrst
OF December last was nine hundred and thrty-oue
thousand six hu deed aud sxtyfour dollars of which
fifty thousand cancelled AZ the Treasury, the
9ls Of Dec leaving eight hundred and eighty thou
sand six hundred and s!xtyfour dolars still oustand
ing The means Of the Treasury, IL Is believed will be
ADEQUATE 20 tho cancellation OF the whole amount
Many them defsced, to be almost legible.
and are unfit for circulation besides they vitsss the
currency, and furnish for the use of small
from other States In violation Of law and lessen
the circulation of gold and silver among the people,.
Justice to the public creditors who compelled
eeye them In payment OF their interest when they are
below par well to the people at large imperatvely
demands that they should be taken cut OF circulation as
practicable. ], therefore, recommend the pas
sage of law allowing such of the banks have issued
these notes to fund them at rate of interest not ex-
ceedpg six per per anuum psyably semi annually,
snd that all the surplus means 10 the Treasury beyond
the the interest the public debt and the
ron