The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1850-12-27
Report of the Secretary OF the treasury.

NEW YORK. December ID.
BY the report OF the Secretary of the Treasury,
il appears that the total receipts from all sources
into the Treasury during the last fiscal year end
Ing June 3Oih. 1850. including bslnncs on baud
nj the beginning of the year WINS $49. COZ 7Ol I8.
Total expenditures including Treasury mite lunds.
$4,000 l56 so leaving balance in the Treasl.
ry of ,604,544 40.
Estimated tolnl receipts for current year eurlng
June Both. 1851. including the above bannce.
354,3l2.59i 10; and estimnted expenditures $53, :.
S53,5o7 81, leaving an expected balance Of $459,
! 1896 80.
| Estimated receipts for The f4ci year ending
June 30th 1852 are $i7 .258 99G:99 Expendilu, ,es
of all kinds $48,l24, 1893: 10; leaving deficit of
1865 996, 49,
The average annual expenditures inclusive of
trust funds public debt and expenses of collecting
tie revenue. for l843 IA aud AS. the three wears
preceding the Mexican War. were $l2 277 g0l:G4:
those lur 1916. ~ aud 48 the three yea"s Of the
War. were $4l.733 81 and those of ls49, 80
and 81. three years subsequentt To the treaty Of
peacs, $33 974, ,0j9Gl incInlling expenses of col
Icctug -e revenne from customs pnbllc un,ls aud
dntms termed drawbacks The debentnres for
the proceeds above mentioned were considerably
higher being for first period Sa5 4l0. l88:60 for
the second $4j,729 83S:20, for the third $il,702,
257:29
Secretary Corwin proceeds 10 show that con-
tlnnance OF the largely incr creased expenditures
WI he required for an indefinite perrin d Of time
His estimates ure sustained by an elaborate array
ufcalcuatous. embracing sufficient detail of ex.
pendilures and liabilities. cliurgeabe directly TO
said War aud the acquisition of territory conse.
qnent upon the treaty Of peace, amounting To
$slV 575:75; and this he adds dnes mt include
many claims presented and to he presented aris
! ing directly aud indirectly from the War. There
are great variety orbiddimg appropriations eth.
er as To number or amount
! The bounty land system. legacy maialy of the
War. involves or will inv.Ive prodisions burd IN
by diverting from the Treasury one Of its furmer
sources of revenue during the years l847. '48 and
'49. The quantity Of land located with bounty
: land W rrants amount To ID 727.747 acres. valued
at 1891 .ii4; and the warrants yet to be pre-
sented will governs ,922 5 l3 acres valued at 500,
! 653.l40.
The Secretary estimates that. taking sales AT
the average oi the three years above mentioned,
over sixteen years will he required To satisfy the
warrants yet to be issued under the several acts
now in iorce. and he calculates that there will be
diverted from the Treasury from the siles Of lands
tile sum ut l324j,36G not anticipated at the
date when the rsvenne law was enacted
| large PARTON of the report is occupied by an
exposition of the working uf our present tariif
system at this lime. II is the most convincing ar
gnmeni OF the great InIlv wrong and ini usiice oI
this system. both Ia the Government aud people
of the United States, that / seems impossible to
fail of disposns Congress towards some measure
! %! relief INV 50 greatly needed. He urges on
Congress the necessity of such notifications Of
the law Of 1916, as viii subserve the double end
Ot increasing The evenIe Of The Government and
projecting the interests of citizens