Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1853-02-01
TREASURY REPORT.

TREASURY REPORT.
We learn from the report OF the SecfehiY ~ 't 49,,
presented TO Congress Thursday that me re-
cept. for the fiscal year ending June 30 l7o2 were
sio 79a 3e6 90 TO which is to be added baance OF
1901 l6i5 6S in hand July ISL The expenditures gu.
rnp the year amounted $50 2O leaving
NJ tho commencement Of the current year ol Sl4 80 81.
The recepts of the current fiscal year arc estimate" Al
AL 100000 which ndicd the existing balance, VIII form
ESQ 80 os6 IS INCLUDING All IL which is 10 he APP
pIied 10 the redemption OF The public drol. IL ese @
utions be realized then the year VIII leave an "napP'P'
aled balance Of S. 372O79 81.
The total means Of the following fiscal year, commencing
Juv 1883 are estimated at $50 512Ulg 81 including BAL
ance; and the expenditures al SIC 2U5, 1913 on.
The r,uenditures Of the last year embraced the last N
s,om.nt du,e 10 Mexico under The treaty n Gu'u"pc
HdaI.o and the payment ri upwards Of SlOo VVo ioi nr-
cs besides nearly S2UOO oyO Tor Inc redemption % 'e pm
cipc Of various loans Deducn2 these and other Items Of
extraordinary expenditure OF the period, reduces "ha may
be termed The regular working expenditure 10 i5i o9 o.
Tn, ACCURACY u The estimates made IL" III; chri' h sch'
v.,r bav. appr,Aiiuated closely actual results Thus,
Inc receipts which calculated at s3l eO0oU0 Tor e
whole period have amounted 10 s22 ~ IN me INST
five months: and the estimated and actual expenditures
boar ike proportion The latter however, have teen IN
creased 10 the extent Of about SOOOOOO by appropriations
of Congress not included IN Tie estimates p'eSce" Wy "
Treasury Department
The registered debt Of tho country has been
duced BY ire paynent OF 81 2S 03 - various accounts
snd on the first January instant stood at SOo o9. Is c
u.vn NJ s. OO 600 still deliverable Texas under the mel
of September g 1850 The report recommends that TIE Do
parment be empowered purchase any portion OF me out
of any surplus hand providing however, that The
available Treasury balance shall not be reduced below
SIS 100000
from duties on foreign merchandise compared with those
of the previous fiscal year. Nh CnnwlS remarks that The de.
cline il eemed bu, temporary whilst il shows tie
tantv of large amounts (which in times OF high prosperity
are xp ced from that branch OF revenue lie refers also
views expressed in urmcr reports IN regard 10 Inc fu
dca tendency Of free trade legislation which Is described
as lending inuriousy affect 10 great extent 10
destroy some of the prominent manufacturing interests Of
The country giving TO the foreign producer The control OF
the supplies OF home market The experience oil the
iron trade is cited as particularly Illustrative of the opinion
or the whole of enormous agricultural mineral, and
manufacturing products, but twentieth part Is
ted Ia E,,rpn markets. being little at all more IN point Of
value Than The coaswisc trade and from the American
mort. in the Gulf Mexico and less than Tie mere tolls ca"
Irc,d by the canals and railroads The transportation u
merchandise for the internal trade III the country.
On u review Of this portion Of hs subject Mr. C"rwin
sees sufficient confirm his conviction HAT ari with hX
ed and reliable duties would be vastly more beneficial Than
the present uncertain rates
The foreign merchandise imported in the year amounted
To s2O7 lO9 1885, of which Sl2US7,0l3, in value,
nored The domestic merchandise exported in The same pc
Rod were Sl54 9304iI. The specie exported during the
same period was less than sl26I4, l35, showing in
crease of sl3,20l 1893.
Tic Uold coinage nj the mint for tho ycnr ending 3st De
cembcr last was s5 sos 63S so In rcfencc 10 The incn-
ded mint at California, II is remarked that The sum of
$500 O0O to which Congress has restricted the expenditure
IS Insufficient and that before any further steps be
ken Congress authorize the purchase of Site md
provide The OF ciiecting it, The Inconvenience ac
on of the act OF last session prohibiting the receipt Tor
public of The issues of The locnl assay os Ii submit
ted 10 the consideration Of Congress- The pressing and
mineral want silver coinage Is another matter To which
attention directed and the bill which passed the Senate
last session. making issue nl reduced weight is spo
ken of as only available remedy within The knowledge of
the Department.
The bullion fund during the year has amounted nearly
81 900 OOO which has been applied 10 the redemption of
mint certificates The Of maintaining the fund is from
$3.50 900 10 s4OO 600 annually and Mr. Corwn proposes
dispense will, by making mint certificates receivable in
ymen Of nI di"s 10 the Government, making them re-
dccma5lc al the within say twenty days after the bull
lion drposi;cd shhl have assayed. Restrictions
suggested 10 prevent The ndiscrminae receipt of these
ucaes throughout The country and thus to oovale the
objection that their Issue would be equivalent TO paper cur
rency.
The progress the Coast Survey has been satisfactory
With the exception of sng short Ins, an unbrnken TIL
anpualion extends from the kennebec In Maine 10
Beaufort North Carolina; and corresponding advance has
taken place reference the topography and hydrogaPhy
of the service An effective preliminary reconnaissance has
also been carried The western coast ~hcte obsrrva
lions have been made for latitude ana longitude and The
magnetic attraction.
thoroughly competent Lighthouse Board has been
ganztd under the act Of August last
Six cutters in course o. construction, under
contract
Stems have been taken TO provide for the construction Of
large number Of places designated and
al other places buildings in progress have been advanced
with all nussibe rapidly That at Savannah has been
pleted In instances the amount appropriated by Con-
gress has found insufficient do than purchase
sites; in others The has prevented the
ton OF Gfep proof buildings The latter circumstance is
pecial be regretted In many the accommodate
provided with the appropriations include custom
house ,>t office Quilted States courts, and other pnhc Of
fees ~ papes great value necessarily dep0s.
ted.
TIC hospital fund nr the relief al sick and disabled
men, Inadequate The demands consequent upon
pa,.on Of and direct appropriations by Con-
gfesS recommended the necessities ui the case
The erection 81 marine IL advised pre-
SEMI The belief being that the objects contemplated be
better and more cheaply carried out BY eecng arrange
with local hospitals already In operation. Exception
OF made in favor Of places where sites have
purchased or works commenced.
The claims of certain parties who have experienced hard
ship in consequence Of decision Of the Department. rem
dercd under decision OF the Supreme Court commended
to The favorable action OF Congress They claims of
persons who seek Of duties Illegally assessed BIT
who failed To enter written protest nj the lime.
Another recommendation is submitted in favor Of sw
check the multiplicity Of suits against collectors Of Gus
toms
further appropriation Of $4,000 IL suggested 10 srppy
twelve points The of Maine and Massachusetts with
surhoas and appurtenances and power sought enable
The Department 10 expend portions Of fund from time
time nay be necessary.
Amongs, the documents transmitted with tho report
he thr