Democratic banner., 1850-02-04
The Treasury deficiency.

tiN oi" ~ sSh "kosAAA obN
r The Treasury Deficiency.
Many Of the wing prints seem anxious TO de-
wise some plan for raising the existing deficiency
in the treasury, so Tat the President and his
friends may know how to get along. We knew
that this would be the case. The democrats told
them not to elect Gen. Taylor--that he would not
be able to conduct the affairs Of this great nation.
But they wouldn't take our advice. They would
elect him.. He took the office with q large sur
plus in the treasury, appointed Mr.. Meredith to
waste it, and C, mmenced business on q magni-
fcent scale. Meredith finding that The money
might run out, and determined to keep flush if
possible, begins to figure out the basis for a loan,
Iunderratrs tho income and makes the most ex-
'travagant estimates for expenditures. in order 10
|frightenthe country to the support Of the ~resiric-
tive system for the benefit ofhis northern friends.
Mersdiih explains it all to the President, and
he, examining it through his green specs, finds
it clear as mud. He thinks il a bad thing to be
in debt, hut then soliloquises that it costs a great
deal Of postage to be President, and he might as
well lius high while he Is in for he will soon be
out. It's Uncle Sans money anyhow!
No doubt his friends will be still more anx-
ious to get advice, before the administration has
run its race. ~ $40 .ai 81:
We now make a few suggestions in regard TO
this matter, which if pursued, might be Of sig
nal benefit In the first place. let US have a lit
tie Of that 'retrenchment and reform to he SO
characteristic Of this administration. Have such
enormous expenditures ever been made in aiime
of peace as those now proposed by the Secretary
Of the Treasury We are told that the govern
|ment is in Debt and that this debt should be ex-
|tinguished. a. Prudence would then dictate a
course Of economy and care, instead Of enIarg-
ing to a most unprecedented extent the expenses
of the government! '' '.'- 'r
Letius examine FIR moment the estimates of
Mr.. Meredith, and see il good judgment and a
spirit Of economy can possibly. produce his re-
suits: In The first place, he take, he fiscal year
ending June Both, 1850. aud finds a balance in
the treasury Of $2,lS4.964 %. He Estimates
the receipts from pubic lands and other sources
at 81 800, 900 90. and. from CUSTOMS n; $SI $780,
FeS0eessssow u waisse pesRalyAsnsHRse
any idfr who will examine this SspSrt, thai hs
estimates from customs Is fio6 Tow, Er the Aetdbl
receipts. from this source iorr the ! E.i quarter 81
tte year amapnt to $lI.64372s should
to be shs same throsghopt Fear. sps.
toms aloS,st viii produce upwards5 Of forty six
millisns Of do9lars;' but we'w iladedaet ten mill
ions from this and still leave, according to bis
own estimate otherwise, % amount Of available
means equal 10 nearly s4~s,,oep,oeoo 90.
On the other hand, we will take biz Estimates
Of expenditures for the sans.ysar, which are put
$43,65l.5 s5, 81. including the interest
ON the pablici debt, which Is %, 700 SIS 40.--
Now the actual expenditures for the present
quarter Of this year are $3.50, 500 SO; and there
Is ho good rsasbao why they sAcuid exceed that
amount for The, remainder ;Sf the Year, which
would make The total esxpsadf insiadaiplgsthe
interest on tie debt, s lials upwards of' $39,
.ooo, 900 90 but we will ~ down the sun a
forty %pilliepss n From this 9sleplatior, which IN
our estimation is TOO liberal, there will Ie9ain 10
the treasury y the end Of The prssept fshsiyesr
TIE san Of tlxsse sillion dalissss iRssssa Of ade-
fct Of upwards iefs live mi1toss2 EJedi !.
And Ho~te eessso dssssesssaryss figures for
the second ys.s ending soth June, 1881, we are