The Cedar County advertiser. [volume] (Tipton, Iowa) 1853-1856, 1854-12-16
SATURDAY DEC. Is, 1854.
I.A@We ask to be excused for the

/
ssA~We ask to be excused for tn
lack of editorial this week. The Pres
dents message has crowded out niue
news matter. and left no room for GU
scribbling-besides, we have been anon
the "peoples" this week, and did nc
have time to drive the pen.
Continued from 4h page.)
ing and more defenceless than Grey
own, have been chastlsed with mucI
greater severity, and where not cite,
only have been laid in ruins, bu. human
life has been recklessly sacrificed, ano
the blood Of the innocent made proiusel,
to mingle with that Of the guilty.
Passing from foreign to domestic af
| fairs, your attention is naturally directed
to the financial condition of the country
always subject OF general interest. FoI
complete and exac, information regarding
the finances, and the various branches o
the public service connected herewith,
refer you to the repor, Of the Secre,ar,
Of the Treasury; from which it will ap.
pear, that the amount of revenue during
the last fiscal year, from all sources, wa.
seventy three million FIVE hundred and
forty nine thousand seven hundred and
five dollars ; and that the public expendi.
lures for the same period, exclusive OF
payments on account Of the public debt,
amounted to titty-one million eighteen
thousand two hundred and forty nine dol
lars. During the same period, the pay
men,s made in redemption of the public
debt, including interest and premium,
amounted 10 twenty-four million three
hundred and thirty six thousand three
hundred and eighty dollars.
To the sum total OF the receipts of that
year is to be added balance remaining
in the Treasury at the commencement
thereof, amounting 10 twenty one millions
nine hundred and forty-two thousand
eight hundred and ninety two dollars
and al the close OF the same Year a cor
responding balance amounting TO twenty
millions onv hundred and thirty-seven
thousand nine hundred and sixty seven
dollars OF receipts above expenditures,
also remained in the Treasury. Al
though, IN the opinion OF the Secretary
OF the Treasury, the receipts of the cur.
rem, fiscal year are not likely 10 equal
those OF the last, yet they will undoubted.
ly exceed the amount Of expenditures
by al least fifteen millions of dollars
l shall, there ore, continue to direct
that the surplus revenue be applied so
far as it it can be ludleiously and econ
omically done, TO the reduction of the
public debt, the amount OF which, a, the
commencement OF the las, year, was sixty.
seven millions three hundred and forty
thousand, SIX hundred and twenty eight
dollars of which there had been paid on
the twentieth day Of November, 1854
the sum OF twenty two millions three hun.
dred and sixty five thousand one hundred
and seventy two dollars; leaving bal.
ance OF outstanding public debt of only
forty four million nine hundred and seven.
ty five thousand four hundred and fifty
SIX dollars, rcdeemable at different periods
within fourteen years.
There are a so remnants of other gov.
eminent stocks, most of which are already
due and on which the interest has ceased
but which have not Yet been presented
for payment, amounting to two hundred
and thirty three thousand one hundred
and seventy nine dollars. This state
ment exhibits the TACT, that the annual in.
come OF the government greatly exc eds
..e amour, Of lts public debt, which la. n
remains unpaid only because the time of
payment has not yet matured and It can.
no! be discharged at once, excep, at the
option OF public creditors, who prefer to
retain the securities OF the UGnted States ::
and the other fact, not less striking ina,
the annual revenue from all sources er-
eeeds, by many millions OF dollars. the
amount needed Tor prudent and econ
omical administration of the Govern
ment.
He estimates presented to Congress
from the different Executive Department,
Al tie last session, amounted TO thirty
eight million four hundred and six thous.
and five hundred and eighty one dollars !;
and The appropriations made, 10 the sum
Of atty eight millions one hundred and
sixteen thousand nine hundred and fifty
elgE. dollars. Oh THIS excess Of appro.
prIatlons over estimtes, however. more
than twenty millions was applicable 10
extraordinary objects, having no refer
enec 10 the usual annual expenditures
Among these objects, was embraced ten
millions 10 meet the third article of the
treaty between the United States and
Mexico 50 tAat, In fact, FIR objects of
ordinary expenditure, the appropriations
were limited . considerably less than
forty millions u dollars. | therefore
renew my recommendation for a reaac-
Ton .! the duties Oh imports. The re-
pofL u TIE Secretary Of the Treasury
presents a series 81 tables, showing the
operations ot the revenue system for
several successlre years, and as the gen
era qrnelp.e Of reduction Of duties with
a view 70 revenue and rot protection may
noM be regarded as the settled policy OF
The country, trust tat little difficulty
"lli to encountered in settling the details
OF measure 10 shat effect.
l. connection with this subject, rec
omnend a cLange IN tie laws, which re-
cent experience Inns shown to be %.
sen'ial 70 tie protection Of the govern
mel, There Is no express provision Of
la", requiring the records and papers Of
] a n4.Ln Character nI thn snnnral officers