Washington sentinel. [volume] (City of Washington [D.C.]) 1853-1856, 1856-01-12

ance IN the treasury on the lst OF
Jury, loOo....... lo,OS3,ooo 50
Making The estimated sum for the
fiscal year ending June 80, 1857. S7,l23,S 500 SO
The estimated expenditures for said year
follows:
Balance Of former appropriations
be expended this year........ sl6,696,6S9 90
Permanent and indefinite appro-
prialions TO be pended this year. 7,639,9l0 IA
Appropriations asked for. ....... AZ, ll4 ,765 As
69,45l 1865 So
| Less Si2000,0OO, which IL is esti-
| mated will not be expended. =. IL, 100000 90
57,45i 1865 So
Leaving estimated balance in
the treasury on the LIST OF July
1907, OF. .......,.... 1867, 497 IS
The public debt the 4th of March, 1853
amounted 10 the sum of 500 ,l29, 937 27 which
under the authority OF the appropriation act of the
Sd March, 1888 has been reduced, up TO and
including the 18th of November, 1855, 10 $40 96a
73l 20, as per statement No 3, accompanying this
report. The sums expended In payne al OF prnci-
pal premium, and interest in making this reduc-
ton. amounted TO $50, l0o.5l2 g..
In addition 10 the public debt, "a above stated
there Is due, under treaties with various Indian
tribes, payable upon Time, the sum of SIG 253 522
ID "a per statement No. A, accompanying this
report Besides which, The United States hold
| stocks in trust for various Indian tribes 10 the
amount OF $500, TOO 81 and ST26 lS4 SIS invested
for the Smithsonian Institution, as per statement
No. .. The United States hold the principal of
| the Smithsonian fund, amounting 10 S5l5l69,
under the aci Of the 18th of August, 1916 and are
| bound 10 pay the interest annually, for which the
stocks, stated in the table, are held as an indem-
nifty. In addition, there in the treasury on
the LIST Of July, 1855, the sum Of S6S3,373 g. bal
| ances OF various trust funds, per statement
| No 6.
The estimated receipts for the fiscal year ending
| 3Oh OF June, 1855 based upon the actual rece pts
ofhe hrst quarter together with The actual balance
in the treasury on the lst of July, 1854, were
Ssh 1920 80, and the actual receipts were
SS5 337 SeS 05 and in excess of the estimat ed
receipts 81 IFS 627 10, and the estimated expeD-
ditures for the same year Were S6i ,3l5,92l 2l,
and the actual expenditures We're sec, 209, 922 Oh
making excess of expenditures, over the
estimate, OF 81 $4,000 50; but nothing was es.l-
mated for premiums. and payment of the public
debt, for tho last three quarters of the year. nor
was ANYTHING estimated for appropriations by
| private acts of Congress-
The actual receips for said year were 81 Old
0O4 "A from customs less than estimated, and
81, 1894 80 more from lands than estimated
and SloS, 7b3 Ol less than estimated from msce
aneous sources. The causes which il was then
apprehe nded would affect the receipts from Gus
toms for the remaining three quarters of the fsca
year had more stringent operation than was
calculated, whilst the proceeds of the sales of The
public lands exceeded the estimate.
The actual receipts into the treasury, from
customs for the first quarter of the fiscal year &c
end The Both of June, 1856, have been Sl7,0S5,
23S %, and sl554 $50 IT less than the actual re
| ceipts OF the corresponding quarter of the pre-
ceding year, arising from the same causes that
| affected tho receipts from customs for the three
quarters of the preceding year; and the receipts
| from public lands have been diminished by The
use of land warrants under the the bounty lanc
bill of the last session of Congress-
II VIII be seen that the receipts from customs
Tor the remaining three quarters of the fiscal yea
1896 have been advanced from the estimated re
ceipts submitted in my last report. This has beer
done because the abundant agricultural produc
tons in all sections of country will justif,
larger expectations, and because of the deman.
for provisions in Europe, caused by the war an.
limited crops, but with the expectation of les
demand for cotton and diminished prices and also
the return of American stocks under continued
siringency IN the money markets of Europe
growing out of the demand of mohey for the war
and for breadstufs, and the withdrawal of none,
from circulation, under an apprehended scarcity
aud It's effects upon the money market in the
United States. The advance may not be realized
but II is believed the estimate is a fair one and
at all events, the receipts from customs and lands
, will meet the estimated expenditures as far a,
they will be called for, and allow con siderabl,
sum for the redemption of the public debt shoult
the holders be willing 10 part with il.
The table exhibiting the amount of gold, silver
and bank notes IN circulation at different period.
gives the amount of gold and silver in circula
lion for the hscal year 1855 at over $3.50 600 600
and the bank notes in circulation AT $751;, 900 600
making total circulation of s437, DOC, O00 anc
showing that the bank note circulation was re
duced from that of the preceding year about
sl7,Ooo,OO0, but which we may consider il ha,
more than recovered The table Of coinage fol
the same year exhibits gold and silver bullion
received at the mint and branches, 10 the amount
OF s7OOl7,OO7 50, and the table of exports ex
hibits the expor of gold and bullion TO the amour
OF $50 .247,343; showing excess of receipt.
over the exports of SIS, 9.664 So The table Of
exports for the fiscal year in addition 10 the
export OF gold, exhibits s30,427, 1S7 OF manufac
lures exported, and s26, 1885, 6S OF foreig, goods
exported, exclusive of specie, and sl62 1923 94S OF
all other articles; making the whole exports
s273l56,S SAG, against S26l, 46s $50 imported show
ing the excess OF exports sl3,6SS, 1926 over the
imports. There is no return or estimate OF the
gold imported by emigrants, and no return o,
estimate for the freghts of eur vessels that hay.
contributed TO our imports.
The table OF tonnage for the same wear ex
hibts our tonnage al 52l200l 1895, an exces,
over that of the preceding year OF 4l0 900 tons
but u Is proper 10 remark that the tonnage meas
urement OF American vessels, under the pre Sc
act Of Congress, makes the measured tonnage
less than the actual tonnage, whilst the unre
ported lost vessels may more than counterbalanc c,
the difference.
The table upon the currency justfes the belle
that there Is not less than $50 millions Of qol,
Shfci IN ine 'OuHlTy Whilst lneTe ~ no reason
10 doubt the continued yield Of The mines of Cali
fornia, and that the demand for our exports vii
enable US 10 exchange as largely for the produc
lions OF other countries as in former years, with
out parting with our gold and silver in large
quantities than we produce H.
The demand for our agricultural products fo
export, and the consequent good prices will, Il
some extent stimulate importing merchant.
10 bring in foreign goods, because Of our in
creased ability 10 purchase them abroad and con
sumo them at home.
IL is believed the check TO impouations and
consumption from short crops last year will "a
some extent, continue through this year and
with other causes prevent extravagani import a.
tons on American account, because the war de-
mand and short crops in Europe will lessen Euro
pean consumption Of manufactured goods, and
the makers will seek the American market for
their surplus consequently, large supply oil
foreign goods on foreign account may be expected
IN the market interfering with the profits OF the
American importer. Moreover, if the war shall
continue, considerable stringency in the money
market OF Europe may be apprehended, derang.
ing more or less the money market in the United
states, according TO the intensity there. This ap.
ILL.