The daily union. [volume] (Washington [D.C.]) 1845-1857, 1856-12-04


This report able fiscal paper long strong luminous
and elaborate, searching and satisfactory We publish
the following condensed synopsis of it for the benefit Of
those to whom the report in fun may not be accessible
who may not have leisure to peruse it forthwith
The actual receipts into the treasury for the fiscal year
ending 3Oh June 1885, were $739lsl4l 46 to which is
to be added 976 OIL being the balance in the treas
ury the LIST OF July 1861 giving for the service Of that
year the total of $92sboll7 AZ, of which $s,9l7-
GA 80 receipts from lands and $sTT6s3 0s mscela-
and incidental The total expenditures $72-
s4s792 or of which $l2776asO SO for the redemp
ton of pubc debt interest and premium leaving il the
treasury the ls july 1885, the sum OF 325 As
Including the balance in the treasury the lat July
1916 4bhe for the service of the fiscal
year 1857 is 92s566a6 o2; and the estimated expendl-
for that year being $7O5ll 4l3 I'll there will be, is
estimated balance in the treasury the 3Oth of June
1857, of $22,34b,222 81
The receipts into the treasury for the fiscal year ending
June 80 1865 estimated at $729553l0 81 and the
tmaed balance in the treasury being added the for
the service of that fiscal year will be sos OOb33 49, and
taking $40 900 900 the amount that may not be expend
ed the estimated balance in the treasury will be the
Both of June 1868, $49,955,7o g.
The public debt amounted the 4t of March, 1853 to
the of $60,l29937 27, which subsequently in
creased to liqudae the debt Of Texas by the of $780,
900. Tha reduced on the 10Th of November last to
$3O063000 Ga In making this reduction the of $780,,
96027 63 has been paid for the principal and $4 609
882 81 "for premium portions of 1t redeemed before
turity saving the Of $l4G0644l 80 by paying in ad
| vance,"
In addition TO the public debt thus stated there due to
various Indian tribes payable time the of $2l
0665ol SO. This debt it becomes due constitutes
item of annual expenditure and is charge the annual
land sales Besides this debt the United States have in
vested money in stocks for several Of the tribes to the
amount of $35l62 o. and they hold the principal Of
the Smithsonian fund.- amounting to $5l5 1862 For the
payment of the interest these investments the United
States annually provide (which interest is is not
ceved the stocks" The arrearage of interest the
stocks held for the Indians are $i2oO4 a. and $4a7al
| 90 on the stocks of the Smithsonian fund.
The estimated receipts for the fiscal year 1885, with the
actual receipts of the first quarter and the balance in the
treasury the LIST of july 1885, 81 and
the actual receipts with the addition e2 s5ol7 Al,
being the estimates of 4O7 20 The
customs actual and estimated $59os523s 49, and
the receipts 64 500 So The lands actual and es-
mated, $soooOoo and the receipts $s9l7e44 90.
| $l,72l ,945 IL in excess of the estimates.
"The legislative power" the Secretary says us respon-
sibe for all wase extravagant and unnecessary expen-
dtures, authorized by standing appropriations and
9uired to comply with existing laws well for all
such may from time to time be authorized and the
ecuve power is responsible for correct construction
existing laws and honest application Of the funds placed
by Congress at its disposal in the execution of the law and
for the objects for which the appropriations made"
The actual receipts from the customs into the treasury
for the rs quarter Of the fiscal year 1851 the quarter end
ing the Both September have been Sal 92543l So the
innate Of receipts from therefore been vanced
to 100000 The estimate of the receipts from lands
for the fiscal year has been reduced 5000 ooo
The large tracts of land withdrawn from market for rail-
roads under of the last session. and the lands which
will be entered under the land issued and being
issued assigned the of this reduction.
The domestic and foreign merchandise exported during
the fiscal year ending Both Of June 1885, amounted to
326 9s and the imports for the year amounted
to 1914 making the exports Sl2325o66 in
of the imports The continued increase says the Sec
rotary Of population and Of imports and exports
with that Of agricultural manufacturing and mining
wealth, and facilities for internal and external
meroe encourage again to recommend modification Of
the tariff of ls46 and reduction of the from
customs
The Secretary suggests the proprety of increasing our
free list" of imported articles by admitting the raw
era used in manufactures free entry the extent
that such material is admitted free by Great Britain
and he suggests that in addition articles of general
consumption such salt should be added to the free list
likewise These reductions would reduce the
about 100000 from the customs which, with the
ceps from the public lands s deemed all-sufcen for the
necessary requirements Of the government"
The Secretary is opposed to repeal of all tari as
"many persons suggest" and opposed TO its Consequence
direct taxation Free trade IL expedent should be APP
preached gradually he says and pa pasu with the ad
to that end by foreign nations Until they agree to
admit productions free IL would not be eIpedent to
admit theirs free and allow them to tax our labor when we
do not tax THERE
According to the OF $780, the manufacture Of wool
in the United States amounted to S4 54b and Il ia es
timated that they amount to $50 1885, The Secre
tay is Of opinion that repeal Of the duty wool would
greatly stimulate the manufacture of woolen goods and
would not be prejudcial the wool-growipg interest
which not to have been promoted by the imposition
Of the duty BY it's repeal the manufacturers of this coun
try would be able to compete in foreign markets with the
British manufacturer, who now pays duty on wool !;
and without the repeal they never can so compete In
England experience has proved that the admitting Of for
egu wool free does not prejudice the woolgrowcr and as