The Mississippi Creole. [volume] (Canton, Miss.) 1841-1851, 1850-01-12
$44,997,O99 70

D3ESO0' SVV$ ~
Leaving a deficit of $40 574,O92 70, and a
total deficit for the Two years of $l6,S75,2l4
80.
The business of the country has so much
increased that the number Of officers in the
revenue department has MOI been found sufi-
cient, and therefore thirtytwo additional clerks
have been appointed at New York, Boston,
New Orleans, Baltimore, aud Bristol. There
are now no collection districts in the United
States. OF this number eighteen are maintain
ed at the public expence, not having collected
any revenue during the past year. There are
thirty six at which tho revenue collected is not
sufficient 10 meet the Onnaal expenses, and but
Atty six at which the gross revenue exceeds
the expences. The public debt now amounts
to S64,704 1893 II. Of land warrnlas. IS, 1
for 100 acles each, and 5,2l9 for 100 acres each
have already been issued. Claims to the
amount Of $4,000 have already been suspend
ed or rejected, AMI it is estimated that the
number OF claims yet to be pres, nted will a.
mount to $4,000. During the last fiscal year
there were paid, under stipulaliOns in the
treaty with Mexico, sums amounting In all to
$7,o99,lOS.
In regard to the deGclt, the Secretary says:
Ihave gone into this detail Tor the purpose
Of showing that the estimated deficit will have
arisen from the extraordinary expenses Of the
treaty and war with Mexico, and that the
Justly high public credit of the United States
is not endangered by the fact that, in this po-
%silion Of affairs, a new loan will be required
Under Il ese circumstances, l propose that au-
thority be given to raise such sums, not ex-
ceeding $l6,5Oa0OO as may be found necessary
from time to time, by the issue of stock or
treasury notes, on such terms Of interest mot
exceeding six per cent? and repayment as the
President. in his discretion shall, previous to
their being issued, think fit to order.
He then goes on to treat Of the tariff system
and argues in favor Of protection, recon-.
mendirg a change from ad yOlorem to specific
duties.
The sub-treOsury system Is submitted to the
wisdom Of Congress. In regard to it he says.
Discussing officers, to whom drafts for large
sums are issued. are by existing arrangements
oblige to receive the full amount OF said drafts
at one payment from the proper A Assistant Trea-
surer, while their expenditures must be made
in small sums from time to time. The CUSTODY
OF the money is thus forced upon them, with
DOT any provision for its convenience or even
safety II money is 10 be discussed a. points
distant from the place where it is received. the
burden OF transferring is in the like manner
imposed on them. lfthey adopt the usual
and customary mode Of keeping and transfer
ring money, they violate the law. If they UNI
detake themselves It's custody and charge.
they incur grea, risk and responsibility.
The actual carriage Of coin from place TO
place in the same town is burdensome, esne-
eially in the Southern ports where silver is The
coin chic fly in use.
The number Of clerks authorized by law ia
De Employed believed to be 7auch too limit
ed,
To alleviate some OF the inconyeniences at
tending the system / respectfully suggest, iii
is 10 be cOnlinued-
let. That any person having a draft on an
Assistant Treasurer be permitted to deposit
bio draft With tho Assistant Treasure,
@ wv va u