Republican vindicator. [volume] (Staunton, Va.) 1849-1857, 1854-12-18
Synopsis Of the Report OF tho aearstsfy
of the Treasury


Synopsis OF the Report OF tho seerstsfy
of the Treasury.
The Secretary reports that the ba'ance
in the Treasury on the 1st Of July, 1858,
was S21 ,943. 1872 Sc. Actual receipts into
the treasury for the first quarter, ss22, 1856,
37S So. Estimated receipts Tor the other
three quarters, $4,000. geo 90, making
the total service Tor the year were S72,
1872 666 86; which would have left an es-
innate balance in the treasury Oh the 1st of
July, 1854, Of Stl ,26G GOA 50. The &C.
tual receipts into the treasury for the fs-
cal year ending Seth of Jupe, 1854, were
S73, $40, 705 &C. TO which add the balance
in treasury tefY LIST fiscal year ending
July seth. 1854, of 500, 49,, 597 rs. The
actual expenditures for said year were
SO, 334. eS0 rs: leaving balance in
the treasury, July 1st, 1854, Of $50, 1871,
967 SO. The estimated resources for The
fiscal year ending June aesh 1895. are $66
s66. 604, and the estimated expenditures
S51, 900, 277 Is. leaving in the treasury
July /, 1855, balance of S12, 206, 327
so. The receipts for the first quarter Of
the Gsesl year ending September 80, 1854,
have been S21 ,521 1902 rs; and the expen=
aitures for the same quarter SIG, ie9, $50
62. The receipts for the remaining three
quarters of the year ave row estimated at
S42, 10000. The receipts for the FIST
quarter, the estnaamated receipts fer the
remaining three quarters. and the balance
in the treasury on the 6rst day of July
1854, make total SUM of 1854, 107, 967 SO
for the service OF the fiscal year en-
ding June SO, 1855. Yhe estimated en-
pendi;nres for the remaining three quar-
iefsss of the year are &4s, 176.590 50; and
the total estimated expenditure fer the
year 1855 are $65. 345. 1921 10; which
would leave balance on the LIST of July
| 1855, OF SIS, 1862, 046 %.
The amount of public debt on the list
Of July, 1883 was $67 $40 .62S 78; and
on the 1st O. yu'y 1854. SAT, 1870, SOC O5,
, being reduction of $40, l6e. l22 70.
The amount of public debt on tire f.t Of
July, 1854 was $67 $40 e2S rs: and on
the LIST of July 1854, $47, $50, 500 o5, be-
ing reduction, Of $40, 122,7s.
The estimated sum in the treasury
July /, 1854, is $50, 2s2 046 % and the
estimated expenditures Ios the fiscal year
1856, $50, 1863 1888 81 leaving the sum Of
21, 392212 80 on the LIST of Juiy 1856.
II S12 100000 however, shall be appsi-
ed to the redemption of the public dept
there will remain an estimated balance in
the treasury Of SO, 339 2a, aii.a 80. The secre-
tary again calls the attention OF Congress
to the propriety Of reducing the revenue
shall be received into the treasury than is
required for an economical administration
Of the government. He also renews the
recommendation FOR arepeal of the fishing
bonnties. and ske the subject Of draw Back
duties on reffHed sugar T the same pfinci-
Pile would require darw like backs on all
exported articles on which there is a duty
ON tire raw material used in their manu-
fattufc.
Under the act Of 1853, there has been
SIG, 155 TO of silver coined at the mint
in Philadelphia and branch mint in New
Orleans. apd circulated in yarions places.
This has tended to keep sonpd currency
for change in circulation, and afforded
great convenience to the public but the
secretary says the circulation of large a.
mounts OF small bank notes has contracted
the benefits OF the silver change in many
places. or driven it away, or tied it up in
the pockets Of the people. The full BEN
eft of silver coinage for change can never
bo realized whilst small bank notes are
encouraged under bank charters, and made
current by the patronage of the communi-
ty.
The amount Of gold and silver coin in
the country on the 30lh of September,
1854, is entrusted at $24l 900, 000of this
sum there was about $50. 100000 in banks
aud $26000,000 IN the U. S. treasury /;
the rest being in circulation among the
people, or boarded up.
The secretary makes recommended ions
for protecting human life from shipwreck
Oh the coast and suggest many other prac-
tical reforms in the political economy Of the
government.
I'VE may add that as no period has the
condition OF the finances been more propi-
tuous for paying off Obligations which
have rested upon our country during the
greater part Of the present century.