The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-11-27

octcu het inc revenues OF the govcnmcu independent
of the land fund and OF oans amounted to $50 los Jos
for the year ending the soh Of June. ls4s II we are
rightly informed. the revenue has not fallen of. bu.
has rather increased II il is plain that the deficit
has been occasoned by extravsgsnt and illegal ex-
penditures-by California companies--by the payment
Of old claims that have been rejected-by illegal al
owances to party favoritessnd by appointing ncom-
peten men to Office. and thus making il necessary to
give extra pay to Others in order to perform their duties
II these things had not been done, the revenue Of the
government would have been sufficient not only for our
ordinary expenses. but there would have been surplus
from which the extraordinary expenses of the govern.
ment might have been paid. Mr. Polk. in his message
Of the 9Th Of July, is4s. accompanying the treaty of
peace with Mexico. held the following language:
Without changing OF modifying the present tariff Of du-
e 90 great has been the increase Of under
m benign operation, that the derived from that
source and from the sales Of the public lands WILL
ddeniy believed, enable the government discharge an
nuaiy several millions of tho debt add the time,
possess the means Of meeting necessary appropriations for
oil other proper objects Unless Congress shall authorize
largely increased expenditures for objects not absolute
neces the whole public debt existing before the Mex-
and that created during continuance may be
paid off, without any increase Of taxation the people,
long before ii will fall due.
In his message of December last, Mr.. Polk said:
Is estimated that The receipts into the treasury for the
fiscal ending the hireh Of June lS4O including
the balance in the treasury the first of July last viii
amount 10 the Of fyseven million pr,yeight thou
sand hundred and sxtynine dollars ninety cents
Of which hirytwo millions of dollars Is estimated viii
be derived from customs three million, of dollars from the
sales OF the public lands; and million hundred
thousand dollars from miscellaneous and incidental sources
including the premium upon the losn the paid
and 70 be paid into the treasury of military con-
butons in Mexico and the sales of and vessels and
other public popery rendered unnecessary for the use Of
The kxr
million six hundred and ninetyve thousand four hundred
and thirty five dollars and thirty from loans already
negotiated including treasury notes funded which, to
gether with the balance in the treasury the July
last, make the sum estimated.
The expenditures for the period including the ne
cessary payment Of the principal and interest of
the public debt and the principal and interest of the rs
psalment due to Mexico the hiricth of May next and
other expenditures growing out Of the war; be paid
during the present year, will amount including the REIN.
bursement of treasury notes. the Of y-four million
hundred and ninety-fve thousand hundred and
seventyfve dollars and six cens leaving estimated
lion eight hundred and thousand ak hundred and
ninety -four dollars and eighty-four cents.
The Secretary Of the Treasury will present as required
BY law the estimate Of the receipts and expenditures
the next fiscal The KxPEnDrUK1s FOR
THAT YEAR, ARK mIRTY-rHRKK MILLION TWO HUNDRED AND
THIRTEEN THOUSAND HUNDRED AND FIFTYrwo DOLLARS
AND SEVENTY THREE CENTS, INCLUDING THREE MILLION
SEVEN HUNDRED AND MSErr-NrE ONE HUNDRED
AND TWO DoLLARs xIoHrEEN CENTS YoR THE INTER-
EST ON TnK PUBLIC DEBT, MILIoN Five HIM.
DEED AND FORTY THOUSAND DOLLARS FOR THE PRINCIPAL
AND INTEREST DUE TO MEXICO rHIRrIKrH OF MAY
1850; LEAVING THE sum TWENTY-FIVE MILLION EIGHT
HUNDRED AND sEvESrYFoUR THOUSAND FrPry DOLLARS
AND THIRTY FIVE CENTS WHICH, IT BELIEVED WILL BIZ
AMPLE FoR THE ORDINARY PEACE KxPKNpIrURxs.
Such was Mr. Walkers estimate for the fiscal year
ending the 3oh Of June, $780, II was made up of the
following Items
Interest the public debt ssTse rue IL
l.r~,xs Mox nh, Ma q Eaon M
ordinary expenses 5,674.O60 IS
ss,2ls, l52 s.
The only item which is to be added TO these for the
fiscal year ending the 3oh OF June 1884, is the amount to
be paid Mexican ndemnities which cannot according
to the treaty. exceed in the aggregate sa25oooo But
there is to be deficiency Of fifteen or twenty millions
OF dollars; and plain and apparent how il has been
occasoned All the expenses occasoned by the Mexi-
can which will paid during this and the nex fiscal
year, will be paid out of the fifteen twsnty millions OF
dollars, leaving the ordinary expenses OF the government
to absorb the whole revenues Of the government The or
binary expensesf the government are to overun the est
mates by fifteen or twenty millions of dollars in two years
Say seven eight millions year. and when ii becomes
necessary to make that deficiency known the admnisra
lion charges il to the Mexican war Mr. Merediths con-
duct in this matter has been of apiece with that of his
organs The expenses growing out OF the Mexican war;
Tor the year 1885, known and ascertaned and pro-
vded for, along with the estimated expenses OF the gov
eminent Mr.. Meredith finds that the ordinary expenses
Of the government exceed the esfate that he cannot
discharge the amounts growing out OF the Mexican war
without additional means; and yet as IL holding the
public intelligence in contempt, he gravely says the
public revenues are sufficient for the ordinary ex-
penses OF the government but fkeen or twenty mil
ions in addition will be required for expenditures grow
ng out Of the Mexican war; so that his presses may
charge that the loan was made necessary by the
ate administration when il is made necessary by the
sxravagan ordinary expenditures Of this administration
4 the land fund hypothecaed for any portion Of the
'ublc debt that he could not use it, he ought 10 have
informed the country of the fact But he has not done
%. He charges everything to the Mexican war, and
ks for an amount equal to the expenses of that war yet
lnpad and he thereby admits that the ordinary expenses
" the government under wing rule, have exceeded the
smates by that amount and swallowed mp all the eve-
tues Of the government The revenues of the government
Exclusive OF the land fund, may be STAGED at hiny.two
Millions of dollarssir millions more aa Mr. Waiksr esfi-
Mated the ordinary expenses of The government for tie year
ndng me aoh June 1850 Now that IL s found that hisad
has increased those expenses by that amount
Mr. Meredith preends charge the deficit thereby occa-
Toned othose items Of extraordinary expenditure which
lad been foeseen and provided for af the Mexican war
Al