The daily union. [volume] (Washington [D.C.]) 1845-1857, 1852-01-07
62,56o,3s5 %


Statement d, showing the redemption of treasury
notes. transmitted in obedience TO the requirements OF
the tweny-second section of the act OF 2Sth January,
lS47
tine amount OF money expended at each custom.
house in the United States during the fiscal year enung
the 3Oh June last the number OF persons employed and
custom houses during the period aforesaid" is transmit
ted (staement Ed in accordance with the sixth section
OF the act OF Sd March, ls49.
WAYS AND MEANS.
The receipts from for the last fiscal year.
before stated, were upwards OF fortynne millions OF dol
lars Should importaons OF foreign merchandise for
the and next fiscal years equal those of The past
year, :be from that for the three years
ending 3oth June, 1853, will have been about $780,,
100000 Aside from demands upon the treasury for
new Territories this would have been sutcien, 10
have met the ordinary expenses OF the government and
to have quidated the entire public debt NotwhsaGd
ing those extraordinary demands there has been effected
the first OF December last, redemption OF the regis
tered debt 10 the extent OF Sl667,s43 II. During the
sca year the loan of 81 March, is43. due LIST july
1853, must be provided for, and is expected may be
paid in cash out OF the receipts from the usual sources OF
revenue The amounts OF the land fund TO be invested in
accordance with law will probably amount 10 about
S925, 900 The old funded and unfundeI debt, with the
annual payments account OF the debt OF the District
cities will probably amount 10 further sum Of olsoo,
making aggregate proposed redemption Of the public
debt during the next fiscal year OF S723i,792 80.
The premiums paid on 80 200 OF certificates OF gov
eminent stock purchased at market rates amounted 10
1925 653, "a, or al cost OF more than eighth oil the
enre debt purchased. These rates, if applied 10 the
whole debt as It stood on the 10th November last, would
require for lis liquidation, IN addition to that amount,
about the OF IS 074, ,3S ST. The probability is that
increased rates will follow known demand by the gov
eminent.
Il may well be questioned whether sound policy does
not demand that discretion shall be given TO the de-
parment purchase out OF any available surplus revenue
sound State stocks when IL be done at par
value be held as sinking fund towards the redemption
of the public debt becomes due, and thus the
government the large premium which Otherwise will be
required in the redemption, By purchase at market prices
OF the stock OF The United States In the opinion OF this
department such is desirable and il submitted
for such action thereon may be thought expedlent
The language OF the act OF 2sth September, 1850, ex.
tending the grants OF land has prevented the warrants
issued by virtue thereof IRON passing into the hands OF
the actual settlers by assignment and consequently the
receipts from that have not been seriously affected
Tor The quarter ending 30h September last indicate
enue IRON That source Tor the current year OF upwards oil
two millions oi dollars. Any excess Of receipts the
expenses connected herewith Is already appropriated and
affect the balance in the treasury subject appropriation
the end OF The fiscal year The greater or less amount
dimInuon OF such receipts The revenue from imports
consequently is the great source upon which the country
has depend for the means 10 carry the govern.
ment
The une xpeced addition TO the boundaries OF our coun-
try, covering OF more than i've hundred and
tweny-sir thousand square miles, has without doubt
been OF the large and sudden increase OF
foreign mporalons and consequent increased receipts
from custom duties Our expenses consequent upon such
acquisition have more than kept pace with the increase
OF receipts they will remain permanent charges upon
the treasury. Revenue 10 meet these required expend
must be provided or and that during period when
public debt is maturing IL cannot for one moment
be thought advisable TO presuppose renewal OF any
portion OF such debt and therefore should be our ann
to obtain sufficient 10 meet these maturing habi
ties in addition to the annual expenses OF the govern
ment
The receipts from all sources for The last fiscal year
amounted TO S52,3l2,97e 81
The appropriations 10 5I,42S,dA d6
Being an excess OF receipts OF Ssi, SOS Al
The estimated aggregate receipts for the current hscak
year placed at 81 100000 The expenditures es
tsted and appropriated, amount TO S50932,oo2 SO. be-
ing excess OF estimated receipts over estimated ex
pendltures OF S547 0o7 Al.
The receipts for the next fiscal year are estimated al
s5 500 000 the expenduresat S42 500 299 l9belng
excess of receipts expenditures Of SS 907,700 81
making aggregate estimated excess of receipts over
expenditures the three years ending 3oh june 1883
of $40 s3o 363 63subect, however, 10 reduction 10
the extent OF any appropriations which may be made Tor
this the next fiscal years, additional 10 the estimates
submitted.