The Cedar County advertiser. [volume] (Tipton, Iowa) 1853-1856, 1853-12-17
NO. e.,


the public treasury, nor as TO the manner
ol keeping and managing it, does any
great controversy now prevail, there being
a general aoqulescence in the wisdom of
the p.csent system. The reports of the
Treasury will exhibit in detail the state
oF TIL Public Finances, and the Cor.di-
ton OF the various branches Of the public
service, administered by ,ha, department
of the Government.
The revenue of the country, levied al
most insensibly to the tax PAYERS, goes
on from year to year, increasing beyond
either the interests or the prospective
wants of the Government At the close
of the fiscal year, ending June 30, 1853.
there remained in the Treasury balance
of Sli 632 636. The public revenue
Tor the fiscal year, ending June 80, 1853.
amounted 10 S5S, ,93l $50 from customs,
and S2,iol,70S from public lands, and
other miscellaneous sources, amounting
together to SCI 1886, ,!I}7, while the public
expenditures for the same period, exclu-
slve OF payments on account of public
debt, amounted to AZ, ,55A ,262, leaving a
balance Of S32, ,i25 ,i47 Of receipts above
expenditures.
This fac, OF increasing surplus in the
Treasury became the sublcc, OF anxious
consideration at very early period OF
my administration, and the path Of duty
IN regard To il seems To- me obvious and
CLEAR, namely, first to apply the surplus
revenues to the discharge Of the public
debt. SO far as it could ludiciously bs
done, and secondly, TO devise measures
for the gradual reduction ol the revenue
TO the standard of the public exigcncies.
Ol these objects, the first has been in
the course OF accomplishment In man.
ner and TO degree highly satisfactory.
The amount of public deb, .of all classes,
was on the ith Of March, 1853, S69,-
l9O,o37, payments ON account of which
have been made since that period to tho
amount of Sl2, ,7O3,325,. leaving unpaid
aud In the continuous course OF liquida-
ton the sum OF SJ6, 6,4S6, ,7oS.
These payments, although made at the
market price OF the respective classes Of
stocks have been effected readily, and to
the general advantage OF the Treasury.
and have at the same time proved Of
signal utility IN the relief they have in
cidcntally afforded to the money market
and to the industrial and commercial in
terests OF the country.
| You will find In the report Of the Sec
re'ary of the Treasury also, abundan.
lproot OF the entire adequacy OF the pres
eat fiscal system to meet all the require.
ments OF the public service, and tha,
"hlle properly administered, it operates
to the advantage OF the community in
ordinary business relations.
/ | respectfully ask your attention 10
snadfy suggestions OF improvement in
the settlement Of accounts, especially a.
regards the large sums Of outstanding
accounts due to the government, and OF
other reforms in the administrative ae-
tton Of this department, which are indi.
Gated by the Secretary, also as to the
progress made in the construction OF
Marine Hospitals, Custom houses, and of
a new mint IN California, and Assay OF.
fees ID the city Of New York, heretofore
provided for by Congress, and also TO tho
emnently successful progress of the
4 Coast Survey and OF the Lighthouse
Board.
Among the objects needing your at
tehtlon Will be important recommenda-
tons from the Secretaries OF War and
Navy. am fully satisfied tha, the navy
OF the United States is no, in condition
o strength and efficiency comlnensu-
rate with the magnitude Of our CONNER
elal and other interest. | commend 10
your especial atteution the Suggestions
On this Inject made by the Secretary Of
The Navy. | respectfully submi. that
the army, which under the present state
mus always be regarded with the high
est interest as a nucleus around which
the volunteer force OF the nation gathers
ia the hour OF danger, requires an aug
menialion and modification, conmensu.
rate with the extended limits and frontier
relations oi the country, and the con.
dltlon Of It's Indian tribes In the interior
oi the continent, the necessity Of which
T VIII appear In the communication OF the
. Secretaries Of War and Of the Interior.
ia the administration of the Pos, Office
: department for the fiscal year ending
June 80, 1853, the gross expenditure
was ~ as2 .756, and the gross receipts
during the same period were $5,6l3, 73i,
, showing that the current revenue failed
la meet the current expenses Of tho
/ department BY the SUN of S2,0l2, ,O32-
i The causes which, under the present
, postal system, has led inevitably to these
, results are fully explained is the reports
) oi the Postmaster General, one great
cause hela5 the enormous rates the De-
paftment has been compelled to pay for
, Mail service rendered by Railroad Ccm-
5 panles.
The exhibit in the report Of the Post
: Master General OF the income and the