The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-12-04

ing advance leaving the puoc debt on tho 10th
day Of November 1885, o. rs per statement
No 3, parts end 2
In addition TO me public debt - above stated there
treaties with vsri0us Indian tribes Ayable
time the sum of s2I 06e SOL 80. per statement No
Of this report This debt becomes payable, const
tuss em of annual expenditure and is estima'ed for
py the Interior Department II u incident growing
of the exiin OF the Indian p0ssessory title
to the public lands, and Is charge on she annual
paes. Besides this oebt, the United States have IN
vested money In elocks several OF roes the
of S. 6l 624 c8 and hold tae principal OF the
~ ,ha gh Inv Isss in stocks or tnst Institution 4. p.r
statement No g. The United States having made these
investments for the Inc ans ana OF tho fuu
annually provide for the payment Of the interest," which
interest s lot received the stocks. The
sgfs interest appear, in the tables TO the
Of si2o 704 "A tho stocks held for the adaus sut
S4a7.73l % the stocks of the Smithsonian fund
Statement No gives the balances of appropriations OF
rust special funds on the books OF the treasury ut the
clopo of the local year 1850 Statement No gives tue
stocks belonging to the Unitod States In the 0ana
swsmp Chesapeake and Delaware, Chesapeake aad Oao
ard Louis Sllle and Portland canals.
The estimated receipts for the dscal year 1885, with the
actual receipts Of the as quater and the balance in the
and the aesusi .I receipts vii. the came adiou
AZ being the estimates of $5.t994ot 90
28, and the recep,s S6a, o22 1858 so.
The lands actual ana estimated were $8 GOO 000 and
the receipts Ss.9l7,64s 49,
Miscellaneous actual and eotmAted 3s33 495 93
ard The receipts $9T7, ,sS8 o3.
The estimated expenditures for the fiscal year 1885,
were lz2o, $40 81: aud the actusl expenditures
mates.
that he Of ST.. T6 800 SO expended during the
year in pay ent OF Interest premu and redempuoa Of
The public debt making the expenditure up0a all other
interest premium and redemption Of the public debt
being lots III, and the payments $f475 S9o 81
mere tnsn the estimate. making The expenditures upon
other objactA, less than estimated.
In making estimates to be submitted to Congress, for
the annual expenditures, they present themselves in
In tie rst class are the balances unexpended appro
priatons expects 10 be called for during ths ysar.
In the second class expenditures under existing
standing ndefntc apuroprtsons This includes tue re-
dempon and interest OF the public debt tue expenses OF
collecting tie public revenue, and some pensions and
oher items
In the third are all moneys necessary TO comply with
existing aud laws, Including expenses OF Con-
under treaty stipulaops the payment Of the civil hat
foreign minister's consuls, and commercial agents. the
expenses Of the army and navy Indian Intercourse the
survey OF tho public lands, tue expenses Of tine United
States courts, maintaining lights In established light
houses, with variety Of other objccs provided for BY
law
The several executive departments prepare estim sses
for the branches Of the public service respectively com
mtec to Their charge with reference 70 expen itures
arising under existing laws In class a1d which they
cannot d,charge Of existing or standing appropA
ons In addition the Secretaries estmse for such appro
priaiiops In their judgment required for their
spectve departments Thsclass embr the estimates
printed and 10 Congress at the commencement OF
son such additional estimates o. in hts Judgment the
exigency OF the service under his charge requires.
There other appropriations which tbs Secretary Of
the Treasury has 70 consider 10 his report on ths nances
These appropriations by Congress addition tho
existing and standing appropriations, and In addition 70
the appropriations for compliance with treaties, and 70
pay arising under existing ia Vs. and the add
tiona appropriations estimated for by the respective de-
partmen and Include all appropriations for puolic and
private cla objects Of internal Improvement not
timated for, and all miscellaneous appropriations orr
ginatna with Congress during the sesson, although
rpeclh: sum Is set down In the estimates.
The receipts iron customs uctuate, with the increase
elimination OF the imports Of duty paylsg goods, aud
the receipa from public lands with Increased or dmta
,bcd sales; whust the expenditures, to very consds
rabic extent depend upon the action OF Congress- and
the delay In applying for and settlement CT at the
The legislative power responsible for ali was.eful
cxravsgant and unnecessary expenditures authos osxsd
by standing appropriations and required comply with
existing laws, well for all such may. from time
tme be authorized; WITH that power, rests
the right op OF all such waste AMI by
grant any such appropriations The executive power IL
responsible for correct construction OF existing laws
and an nones. Application ., 'as lunas placed " Con
the spproIrl.s.On. are made: mo Executive
has the right recommend the repeal modification oil
laws for the purpose of looping OF all waste exavasant
unnecessary expenditures and 10 recommend all SUCH
cons.tnton but ,ne legislature is not bound by the re-
commendaops, nor TO await executive recon- neadaon,
to repeal modification Of laws, or AZ 10 appropra
tons and has the rgh by new enactmen's 10 enforce
the proper consrcton OF the laws and their economical
admlpstraton. II Is not necessary to inquire, whether
w
necessary TO pay the charges accrung under existing
Laws. but s manifest t would be better 10 repeal or
modify the law 80 to make the di.ures conorm
to p views rather than hazard the injustice
credit OF failing TO pay charges accrued and accrung,
under exstpg laws. Economy . legislative IS
well administrative virtue, which Ia
easy TO commend and prescribe rules for but
which II Ia difficult 10 observe, with Overlooking
treasury and sro1s oaSds .n pressure m aas legislative
10 tho end II the egisStivc branch falls, waste,
sxuavsgance and unnecessary expenditure are the re.
suit. The executive branch In without the full preventive
power but II the executive branch fails the legislature
ain and correct liz abuses The first Ia the
more money shall be collected from the people than
required for economical administration OF the govern
ment In iulnment Of ai s obligations and duties exter
nal and Internal The second s ths honest aud faithful
application Of the moneys TO The legitimate purposes Of
the government
The actual receipts from customs into the treasury for
ending the both OF september, 1856, have been
sal AL &C. being 2l5o,9Il % more than the
respondpT quarter Of the preceding year. The same
that operated 10 increase the from
toms during the last year may be expected 10 inasuce
three quarters, b1, probably no, 20 the Same es
tent. The estimate Of receipts from customs
has, therefore, been advanced 10 sseooo,oeo
The receipts from lands for the same hrst quarter
Of the hscA year 1887 have been sse23 $50 90, being
si, a., ,sls 4s ess than the receipts Of tho
tracts land Withdrawn from market Cor railroads. ua
der acts OF the last session and the lands which viii be
entered, under the land wsrrAn issuef and being is
from bat they were In the pondng lhrce quar-
ks, OF last year which account the cstims,o rom
lands has been reduced 10 100000 The receipts from
miscellaneous sources have been put s9s5,3lo 81,
per estimate
The In the estimate Of receipts from customs
s made, with the knowledge Of the large duty paying
imports, already Ia warehouse, and under the expecta
ton that the demand for provisions abroad, at
remuneratiug prlces, viii not be equal 10
that Of last year also, Of tho pressure
In the European money market, and the great
demand FOR cotton and tobacco win the abundance
of uou In nj Inv of
the Texas debt and the California bords also the
failure Of the sugar crop OF Louisiana, acting In favor Of
increased Importation, and st advanced price
The ability ofte people OF the United States purchase
and pay only FOR nscessarles but Tor superluues
may be relied upon for the sumption OF duty paying
merchandise extent sufficient TO the estlssted
expenc lures and allow the continued redemption OF
public debt fs.t the holders OF the stock shall be
willing TO accept the principal and interest with
able premium.
statements from Nos. 3 70 81 and from No 70 p
No. O. ere continuation OF those which accompanied my
last report the neanoss with the addition, where ne
osny Of the corresponding items belonging 10 the ns
cal ear 1855, and are again submitted.
Statement No II gives, for the nscsl year eniing Goth