Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1854-12-15
Rcpor, of the Secretary Of the T,en,ur,

Report of the Secretary Of the Treasury.
/ From the lengthy document submitted by
Mr. GulHMr, Secretary of the Treasury. We
condense the following :-
The actual receipts into the Treasury f,r
/ the fiscal year ending the 50th Of June,
/ 1854, were
From Customs S6i, 21I $50 =,
" Lands S.-4O.79s 50
/ Miscellaneous S5t,7l6 -
Making IN all :73, 549, 1U5 II
which, with the balance IN the Treasury on
the lst Of July, 1853, ;s2l 81, s92, gave as a
total for service Of the year :9o, 492 SO
The actual expenditures for the year were
: SD, $50, leaving balance IN the treas
ury on the lst Of July, l:54, of $2o,l37 900
Of the seyenty-fyg millions aud more *
pended. ths
| Civil List absorbed l.o49 .S,4 q
Foreign intercourse 7,T26.677 iG
/ Miscellaneous lS.53l.SlO IS
Interior Department c,609,05 20
War department 1873 $50 Is
Navy Department l0,768 ,l2c -
Redemption Of public debt, In
torcst and premium 1850, $50 IS
The receipts for the quarter ending Sept
30th, l5ji, were sol ,52l, SOP, and the esti-
mate for the remaining threc-quartcrs Of the
fiscal year S42 800 900.
The sum of 500 095 ,422 70 Of the rublIc
debt was redeemed between the lst Of july,
1858, and the LIST Of July, 1854, and the in
terest and premium paid on the amount re-
deemed was SO ,345 ,5l5 %,
The amount of public debt outstanding on
the lst Of July, 1854, was SI7 ,lsO, 5O6
The Secretary anticipates a falling Of in
dc custom receipts, owing to the reciprocity
treaty and the short crop. The table Of the
tonnage of the United States. exhibits an in
crease for the year Of 39j, 500 tons The ia
Die .. exports ana imports shows that the i'm
ports Of the year were SO ,32l ,3l7 in excess
Of the exports The hattcring state of the
revenue induces the Secretary to again call
the attention of Congress to the proprietv of
reducing the revenue from customs 20 that
no luorc money shall be received into the
treasury, than lu required for economical
administration OF the government.
Juler the act Of 1858, there has bgcn
,l6 10 40 of silver coined at The Mint IN
Philadelphia, and branch mint IN New Or
leans and circulated Tie Secretary thinks
thlt tho lGil benefit Of silver coinage for
change can never he realized whilst bma
bank notes are encouraged under bank charter.
lie estimates the amount Of gold and silver
com IN the country on the Both OF September
1854, at S24l 900 900. Of this sum there
was about $50 900 900 in the banks. and
so 900 600 in the l. 5. neasury-thc rest
being III circulation among the people, or
boarded up. In lsj0-'jl, there were SO
bank. in the United States, with d capital Of
:227 .O7 ,5j5, and In l55G-'5l there were
l26S banks with capital Of 1901 ,15G.07l,
being an increase OF $73, rs sos. The specie
IN their vaults IN ls50-'5l, was f4S.GIl.
0l9, and IN l355-'5i, $50, $40 2i$, being an
increase of Sl0,739 ,20j The tables exhibit
bank circulation of :604 $50 ,2O9 against
the s2ll COS 900 Of gold and silver in the
country.
The Secretary calls for further AID for pro-
tectrns human life from ahlpwreck on our
coaste, and suggests whether the Law should
not provide greater security in the constrrc
tom OF steam passenger vessels. In view of
recent frauds by the Collectors of Customs
in Cleveland Osweso, &c, the report calls
for such additional legislation as may be
deemed necessary,