Richmond daily times. [volume] (Richmond [Va.]) 1850-1853, 1850-12-19
S23.l99.l4S ga


BY deductng this aggregate OF excess 1928 1899 14S o.
from the aggregate estimated expenditures for the yea
ending 30th June, 1852, OF S46 l24, 1893 49, there will
remain the estimated ordinary expenditures, the
OF S24 ,925 ,844 "a.
Thus it will be seen that of the aggregate expendi-
lures actual and estimated for the years ending
on the Both June, 1882 amounting to 1924 S07 407 90,
the sum Of l4S 800 49, exclusive 1897 544 06
interest the war debt is required TO sustain the faith
OF the Government pledged or implied, or arising in
consequence OF its acts during period subsequent to
3Oth June, lS45, and prior to LIST July lS49.
Some OF the objects OF these estimated expenditures
by of the extended of territory have been
made either permanent charges upon the Treasury or
will continue for long series OF years, and may be
stated as follows:
Excess of expenditures OF War Department. Navy
Department; Pensions; Interest War Debt Terrific
rial Governments; Survey of Boundary Line; Survey
oil Coast OF California; Indians.
Further experience will undoubtedly result in compel
ling still greater expenditures in the iument of treaty
spuatous, and in controlling and subduing the Indians
and other lawless bands with which newly acquired
Territories infested, and before there will be that
permanent emigration to and settlement therein OF that
class OF citizens necessary to full development
of the resources and defence Of that country.
These charges upon the Treasury, not found in ouI
expenditures former times, arising from greatly
expanded territorial limits will doubtless Tor the presen
press heavily, but we may confidently expect an ample
compensation for these additional burdens, in the i'm.
mense mineral wealth OF our acquisitions and tn
rich commerce which our commanding position on the
Pacific opens to the enterprise OF country
men.
Frauds upon the Rerenue.
In obedience to the act of 10th May, 1900 whereby
it made the duty OF the Secretary OF the Treasury SIC
digest, prepare and lay before Congress, the com
mencement OF every session, report the subject
finance, containing estimates of the public ant
public expenditures, and plans for improving increas
ing the revenues from time to time" feel il my duty
view OF our necessarily increased expenditures ant
maturing liabilities, TO submit TO the wisdom OF Congress
such suggestions the present OF our country ant
the revenues seem to demand.
We cannot overlook the fact in our estimates of fu
revenue that the last three Or four years have beer
exceptional ones; that we indebted for our larg
revenues in part the famine, the revolutions and IN,
bToken-down markets Of Europe. The ease vi it'll whic
the low duties under the act OF 1916 may be reduced still
lower by successful frauds and undervaluatons com
oned with the causes Just stated, have induced large
excess OF Importation. Bat the markets OF Europe ar
recovering then tone the effects of the famine are pass
ing away, our country is filled it is believed to exces
with foreign goods, and it would be contrary all rea
sonabe expectation TO look for continuance Of thes
large mporlauons.
The PROVISIONS OF the act of July 1886 have bee
found insufficient Tor the prevention OF frauds and un
derya!uatIons 1 ne extent 10 which they have bee
carried and the degree IN which they have been rep
dered systematic and complete, have been highly detr
mental TO the revenue. The Department has Ion
given the subject oil these frauds its most earnest altep
on and exhausted all Its authority for their prevento
and Detection but they still OF such magnitude an
50 demoralzing in their effects, demand the rnme
date interpostion of Congress
A special communication on this subject was mad
to the Senate on the 18th September last ia answer
sFesouton oil that body, and as that embraced NC