The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-12-18

districts Were created on the Paci ic and two east
81 the Rocky mountains, on our aorthern frontier.
lhete give occasion for large ia the per-
sosWsi OF the department of customs and more
Than CORES spending Increase IN the expenditures
The maximum salaries cf those officers attached
TO the Pacific disnt Is designated by that act though
IN general reducsd ny the department. are believed
10 be only CONNIE nsuraic with the expenses T.
tendant upon a residence IN that country That
basis, as fixed nv Conyrs S. has been the standard
adopted by the department reisnveIy for the COM
Fnsation Of the subordinate officers, and in the
exercise OF the discretion gwen nv the first section
OF the Jen resolution Of the l4h Of February last
such salaries have he.n assigned 49, Ia the opinion
of the department., were required to insure to the
governmt nj officers Of sbnity and integrity, and
full reliance is placed upon honest faithful
discharge OF the onerous and responsible duties
devolving upon them in that remote section of our
country.
The great reduction of rbe revenue marine made
by my predecessor, in conssq uepc- of the limited
appropriauous has been repr~sented injurious in
its effects. This branch OF the service, Intimately
connected with, and necessary 20, the collection
of the revenue, is, in the opinion Of the depart
ment, proper subject for distinct appropriations,
and have, therefore, submitted estimates for that
service upon basis OF twenty revenue vessels, a
less number, by four, than existed previous to that
reduction
PUBLIC pKsr
According to the last annual report Of this de-
partmenf, the public debt on the LIST of December,
1S49, including SIS, S2l 48 in Treasury so,-s and
stock not then sirted was......... S6l 723 5l5 10
Since that period the following reductions have
been made, viz
On accouBt of the deqt of the cities
Of the District of Columbia, as
sumed by the act Of The 10Th May,
1850 500 900 90
On account of the old funssd and
unfunded debt. 3.l49 IL
" Treasury notes. ........ 1871 81
And of the stock Of lS47.......... 400 $50 90
$405.2 ZIG 70
- ko.x l.
through the agency Of Messrs Corcoran u Riggs,
and which but for the great demand for govern.
ment securities, increasing their price beyond the
limit liked by the department in its instructions to
its agents, would have been somewhat increased.
The public debt on the 30ih November last was
SOL. 22S, rs 81, as per statement d, viz
Old funded and unfunded debt re-
deemHble on presentation. ..... 1855 SO
Debts OF the District cities, assum-
ed by Congress, S60, 900, payable
ANNUALLY -..-.......... 80 ,0O0 10
Five per cent stock per act of Au-
gust, 1876, redeemsble Aug 8,
Five per cent loan of Sd March,
1913, redeemsble July !, 1855. s,4s,2sl IS
Six per cent loan Of 22i July, lS46,
redeemable November IL 1856. 4,999, 149 45
Six per CT. loan of 10th April, 1872,
redeemabie December 81, 1862. 8,l98636 03
Six per cent loan of 18th January,
lS47, redeemsble Jan. 1, 1862. z,l3S, I22 90
Six per cent loan Of 18th January,
l847, redeemable Jsn'y Ist 1868 l5s,32S 90
Six per cent loan of 3lst March,
:, 1913, redeemsble July l. 1853 I5,74o.OoO 90
Treasury notes issued prior TO
1876, pay able on presentation, IL
converted into stock. under she
act VI January 18th, l847 will be
redeemable July ], 1888. 29, 1861 81
$64, Us 23S 81
In obedience to the require ments OF the I'D Sec
ton OF the act OF 18th January 1877, transmit a
statement (El showing the issue, reissue, and re-
demption OF Treasury notes.
Statement annexed, marked +, shows the amount
OF Treasury notes paid during the last fiscal year,
under The act OF 10Th August, 1876.
ESTIMATES.
The total actual curh receipts into the treasury
from all sources during the fiscal year ending
Sotn June, 1850, were. ....... $aSTts6 30
The total cash expenditures for
the same period were. $500. 80. 800, 26S "
The actual and estimated cash re-
ceipts from all sources, for the
year ending 30,h June, 1861. are a, so, 600 90
The actual and estimated cash
expenditures for the same pc
nod amount TO. oS,IU,oH %
The total estimated cssh receipts
for the JeA ending SOth Juae,
1852, amount TO. .............. 4b,OO,OOO w
The total estimated cash expeDor
lures Tor the same period amount
TO (see statement G)........... 4S, lA,Ss3 IS
| am well aware thar these actual and estimated
expenditures may justly be deemed large, and,
in submitting them, II IS proper that
they be accompanied 10y such explanations and
statements will distinguish the ordinary from
the extraordinary demands upon the Treasury, and
show that the aggregate - no greater Than L. de-
msnded by a due regard to economy and the obi
annex table, marked II, exhibiting the total
expenditures, exclusive OF payments on account OF
trust funds ana public debt expenses OF collecting
the revenue from customs, lands, &C., Tor three
lat For the years ending Goth June, 1Ss3-'4-'5,
or imme diafeIy preceding the Mexican war.
I'd For the years ending 30th June, lSso-7-'S,
en- bracing the period OF the war, and
30 For the years ending Goth June, IS9-'5o-'5l,
actual and estimated, OF the three years subse-
quent TO the treaty Of peHce.
II will be seen that, for the three years pror to
the war, the aggregate expenditures, exclusive OF
trust funds, public debt, and the expenses OF col
lt ctine the revenue from customs,
lands nc, were. ................. tb5,oSS,TOa vs.
Averaging annually t2l, ~ Col 81
For The three years
of the wsr....... lZ,,1Ol,OlI III
Averaging ..... u,IS5,o1z 81
And for tie three
years immediate
ly subs queht - -
thereto. uo,Szz,lfo %
Averaging annu- .o,
Including the expenses oil collecting
the revenue from customs, pubic
lAnds, duties returned, draw
backs, dehentures, bountse-, 40,
none of which have appeared IN
the xp<Iditures heretofore rxhi
bied pnor 20 the Goth June, 1919.
Gas all these items were, pre-
viously 20 that date, deducted
from the revenue before the lat
ter Was paid into the Treasury,
leaving only the net receipts To
figure In the annual statenenis,)
the aggregate expenditures, for
the firsf ysriod oyer statement HD
will be seen TO have b~en... -. tB,Z0,otl "
Averaging. 80. .... 81, 4l0, ls0 81
For the second Pc