The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1856-01-18

million eight hundred and forty-fonr thousand
fiyr hundred and twenty eight dollars.
The baaEer in the i'reasary at the beginning
Of the present Escal year, July /, 1888, was
eighteen million nin- hundred and thirty-one
Thousand nine hundred and sevtnty-six dollars;
the receipts for thr first quarter aud the rstina-
ted receipts for the remaining three quarters, a.
mount together, to sixtY-srvrn million nine hun
dred and eighteen thousand s-rrn hundred and
thirty four dollars; thus afording in all, as the
available resources of the current fiscal year, the
sum Of eghty-six million eight hundred and If
ty-Six thousand seven hundred and ten dollars.
II, 10 the actual expenditures of tbr current
fiscal year, be added th- probable expenditures
or tRp remaining three quarters, as estimated by
the SECRETARY Of the Treasury; the sun total
will Be seventy-one million two hundred and
tweniy SIX thousand eight Hundred and forty
Ssx dollars, thereby leaving an estimated balaDee
in the Treasury on July /, 1896, Of fifteen midi
ion six hundred and twenty-three Thousand
eight hundred and sixiy-tbree dollars and forty
one ceutS.
In the above estimated expenditures OF The
present fiscal year arr included ;hree million
dollars to meet the last lns,alments OF The ten
millions provided for in the late treaty with
Mexico, and seven millions seven hundred and
fifty thousand dollars appropriated on account
ot the debt due 10 Texas, which two saras make
an aggregate amount OF ten million seven hun
drttl and fifty ttonsand dollars, and reduce the
expenditures, actual or estimated for ordinary
objects of the year, 20 the sum OF sixty million
fonI hundred and srventy-siX thousand dollars.
The amount Of the public debt. at the COM
niencefnrnt Of the present fiscal year was forty
II
million FIVE hundred and eighty-three thousand
six buadfed and thuty-one dollars, and, de-
d,.cion bpng made of subsequent payments, the
whole public debt of tie federal government re-
naming At this time is less than forty million
dollars
The remnant of certain other government
stocks. amounting 70 two hundred and forty
three lhouSand dollars referred TO IN my last
messag- as outstanding, has since been paid.
am fully persuaded that il would be dlffi-
cnit to devise a sySiefn superior to that, by
which The fiscal business Of the governments
now conducted. Notwithstanding the greet
number oi agents of collection and disbursement,
Il is beIit4vpd that the checks and guards pre-
yid-d, including the requirement OF Rlonthiy re-
tpras, render il scarcely possible for any COR
siderable fraud ON the part OF those agents, or
neglect involving hazard oi serious public loss,
TO escape detection. | renew, however, the
recommendation, heretofore rate by me, Of the
enactment Of a law declaring il felony on The
part of public officers 10 insert false entrlrs in
their books OF records or account, or TO make
false returns, and also requiring them on the
termination oi their service TO deliver 10 their
Successors all books, records and other objects
Of public nature i'm their custody.
Derived as our public revenue IS, in chiei
part, from duties on imports. lis magnitude al
iords gratifying evidence Of The prosperity, not
only of our commercp, but of the other great
interests upon which that depends.
The principle that al! moneys not required
for the current expenses Of the government
should remain for active employment IN the
hands Of the people, and the conscious fact that
the annual revenue from all sources exceeds: by
many millions of dollars, the amount needed for
a prndcni and economical administration OF pubs
lc affairs, cannot fail 10 Suggest the proPfety OF
an early revision and reduction of the tariff OF
eln,ies on imports. It is now 50 generally con-
ctdrd that The purpose OF revenue alone can
Justify the imposition of duties imports, that,
N rc-adju>tng the npo<t table and schedules,
which unqurstonably require essential modlf-
cations, departure from the present tariff is
not anticipated.
tConclusion acrt Weekl