Richmond daily times. [volume] (Richmond [Va.]) 1850-1853, 1850-12-19

were required to insure to the Government officers of
ability and integrity and full reliance placed upon an
honest and faithful discharge of the onerous and re-
sponslbe duties devoving upon them in that remote
section of our country.
The great reduction OF the marine made by
my predecessor, in consequence of the limited appro
pratiops, has been represented injurious in its effects
This branch OF the service, intimately connected with
and necessary to- the collection OF the revenue in the
opinion of the Department proper subject for distinct
appropriations and have, therefore, submitted es-
mates Tor that service upon basis of twenty revenue
vessels less number by four, than existed previous to
that reduction.
Public Debt
According to the last annual report from this Depart
ment the public debt the 1st December 1S49 in
GLIDING sls,s2l As in Treasury notes and stock not
then stated, was... 1854 ,723 SIS l6
Since that period the following reductions have been
On account of the debt of the cities of the District OF
Columbia, assumed by the act of Goth
MAY, 1000 SoUUUU w
On account of the old funded and unfunded
debt. ................"... STAY II
Of Treasury notes. Observation-Disclosures. 1877 81
And OF the stock OF lS47. ..............4 30250 90
$685. 76 70
The above stock was purchased at market rates,
through the agency OF Messss Corcoran Riggs, and
which but for the great demand for Government
ties, increasing their price beyond the limit fixed by the
Department in Its instructions to ts agents, would have
The public debt on the 30th November last $751;,
22S ,238 81 per statement d, viz:
Old funded and ununded debt redeem
able on presentation. minimum. 1l9 585 SO
Debts OF the district cities, assumed by
Congress, sou 600, payable annual
ly.............. ............. 100000 co
Five per cent. stock per act OF August
1916, redeemable August 9, 1851, 3035 90
Five per cent loan OF Sd March, 1S43,
redeemable July l, 1858. ......... 6,46s,23l So
Six per cent loan Of 22d July, 1916.
redeemabe November H. 1885,. 1899 l49 As
Six per cent. loan of 18th April, 1872
redeemable December 81, Is62,. s,I98, $50 o3
Six per cent loan OF 2Slh January,
lS47, redeemable LIST January. 1868 27,135, l22 90
Six per cent. loan OF 28lh January,
1917, redeemable Jao'y LIST, 1863. l54, 1923 90
Six per cent. loan 3lst March, 1913,
redeemable July l, 1863. ........ 15,740,000 90
Treasury notes issued prior 10 1916,
payable on presentation, if conver-
ted into stock. under the act OF IAN
uary 18th, lS47, will be redeema-
BILE July i, 1868. .......... 2oe Sol Ga
s64,22s 238 81
In obedience to the requirements of the 22d section
oft, act OF 29h January, lS47. transmit statement
E) showing the issue, reissue and redemption OF Trea-
sury notes.
Statement annexed, marked F, shows the amount of
Treasury paid during the last fiscal year, under
the act of 10Th August, 1916.
Estimates
The total actual cash receipts into the treasury om
all soWces during the fiscal year ending SON June,
1850, were. Observation-Disclosures. SAB ia ,s4s 20
The total cash expenditures Tor the
same period were. ........-... 80 800 ,26S 69
The actual and estimated cash
cepts from all sources Tor the year
ending Both June, 1851, are...... 47,592,0CO co
The actual and estimated cash expen-
dtures for the same period, amount
to-. 53,1oI ,5l1 %
The total estimated cash receipst for
the year ending Both June, 1852,
amount 10. 9b ,UUO W
The totalestimated cash expenditures
for the same period amount to (see
statement Vi. ACKNOWLEDGEMENTS. 4S,l24,953 10
am well aware that asa actual and asrnated expen-
ditures may justly be dec med large and Ssh
hitting tnem, it is proass that W. be acs
such explanations 81 iateme' = ~ ass S
ordinary non, .3S sAuKs
treasury, and show the assSs
is demanded BY dle sSgard to econoiYx-
cations OF the Government.
annex table, marked Fl exhibiting the total ex-Sg
funds and public debt expenses of collecting the revenue
from customs, lands &c, for three periods, viz:
lst For the years ending Both June, lS43-'4-'5, or
preceding the Mexican war.
3D. For the years ending Both June, lS46-'7-'S en-
brac ing the period of the war, and
3D. For the years ending Both June 1S49-'50-5I
actual and estimated or the three years subsequent
the treaty OF peace.
1t will be that for the three years prior 10 The
war, the aggregate expenditures, exclusive of
funds public debt and the expenses OF collecting the
revenue from customs, lands &c,
WERE S63 1873, 704 80
Averaging annual
Y............. $2l,277,90l "a
For the three years
of the war...... 1875 POI Ol7 IL
Averaging. ....... 41,733672 81
And Tor the three
years Immediately
subsequent there.
to-. ........... 1l6,922,17S SO
Averaging annual
ly. 3S974, O59 6l
Including the expenses of collecting
the revenue from customs public
lands, duties returned drawbacks,
debenures, bounties, &C., none of
which have appeared in the expen-
dtures heretofore exhibited prior to
the Both June, lS49, las all these
items previous to that date,
deducted from the revenue before
the latter was paid into the treasu-
ry leaving only the nett receipts to
figure in the annual statements) the
aggregate expenditures for the first
period (per statement HI will be
seen 10 have BEEN. ............- $40 ,230,54l SO
Averaging. $25, 4l0 $50 81
For the second period sl37,ls9,666 81
Averaging .s...... 4o,729 ,SSS "
And tor the third Pc
Rod. ......"..... 1926, lO6,754 IS
Averaging. ..-..... $41, 702 ,25I 80
thus appears that these largely increased expendi
ures commenced in the year 1886, and in
uence OF the war with Mexico, and it will be shown
hat by reason OF acquisitions OF territory, and
he tuhment OF the obligations OF the Government
uimg from that war; contln uance OF these expendl
ures will be required for an indefinite period.
Annexed statements Il and j. sh wing the total
annual expend lures, exclusive OF the payments on
OF the public debt made and estimated to q
made under the direction OF the several heads OF De-
artments for the year ending Both June, lS46-7'S-
oo-ol ana 90 or the seven years Subsequent 10 the
ecaration OF war with Mexico. Also statement X,
lowing the quantities and values OF the public lands
lired TO satisfy warrants issued and be issued
er The several acts granting lands, distinguishing, of
zen expenditures and values, those occasoned by sand