The daily union. [volume] (Washington [D.C.]) 1845-1857, 1856-01-05

w
To whictf add The estimated balance in the
treasury on the LIST OF July, lSbG..... l5623S63 30
Making the estimated sum for the fiscal year
ending June 80, 1857 57................ s7I23s63 So
The estimated expenditures for said year follows
Balance OF former appropriations to be expended this
$l6G96,6s9 80
Permanent and indefinite appropriations 10
be expended this T6399lO IA
Appropriations asked or.............. 4bll47G5 45
ee45l,a65 5s
Less Sl2,ooo,ooo, which 1t is estimated will
not be expended. ed....... .. 100000 90
57,45l,365 So
Leaving estimated balance in the the LIST Of
July 1897, ZS6IZ4Sf 10
The public debt the 4th of March, 1885, amounted to
the of $69 29s37 81 which under the authority Of
the appropriation of the 3d March, 1853, has been
duced up to and including the nth Of November 1885,
$39 73I 05 per statement No. accompanying this
report The expended in payment of principal pre-
mium and interest," in making this reduction amounted 10
$50, l00,5l2 SO. a ra .#.1. aea 6..a #
In addition to the public debt above stated there is
due, under treaties with various Indian tribes payable
upon me the of Sl9253523 l3 per statement No
A. accompanying this report Besides which, the United
States hold stocks in trust for various Indian tribes to the
amount of S22 700 b and 726 "a s5 invested for the
Smithsonian Institution, per statement No. D. The
United States hold the principal of the Smithsonian fund
amounting to 5l5 69 under the act of the 18th OF Au
gust 1886 and bound pay the interest annually for
which the stocks stated in the table held indem-
nifty. In addition there in the treasury the lst OF
july 1885, the of $683373 &c. balances OF various
trust funds, rs per statement No. q. aas.
The estimated receipts for the fiscal year ending 30h OF
June 1885, based upon the actual receipts of the first
ter together with the actual balance ia the treasury on the
ls Of July 1854 Ss4 59270 49, and the actual
cepts $S5337 1893 o. and in Of the estimated
receipts STs627 TO- and the estimated expenditures for
the year S6434592l 81 and the actual expen-
dtures S66 208922 04 making excess OF expen-
dures the estimate of 81 S64 600 83 but nothing
estimated for premiums, and payment of the public
debt for the last three quarters Of the year. nor was
anything estimated for appropriations by private acts OF
Congress. Fl ...." #"#@
The actual receipts for said year were S6l4oO4 "a from
less than estimated and 765394 05 more from
lands than estimated and S68 63 oil less than estimated
from miscellaneous The which it was then
appr hended would affect the receipts from customs Tor the
remaining three quarters of the fiscal year had more
stringent operation than calculated whilst the pro-
ceeds of the sales of the public lands exceeded the estimate
The actual receipts into the treasury from customs for
the first quarter of tke fiscal year. end the 3oh OF june
1866 have been Os523s 49, and 81 55I56o II less than
the actual receipts of the corresponding quarter OF the
cedng year, arsng from the that affected the
receipts from customs for the three quarters OF the prece
ding year and the receipts from public lands have been
diminished by the of land warrants under the bounty
land bill OF the last session OF Congress.
Ii will be that the receipts from customs for the
remaining three quarters OF the fiscal year 1866 have been
advanced from the estimated receipts submitted in my last
report This has been done because the abundant agricu
tura productions in all sections of country will justify
larger expectations and because of the demand for provs
ions Europe caused by the and limited crops but
with the expectation of less demand for cotton and dmin
shed prices and also the return of American stocks under
continued stringency in the money markets of Europe,
growing of the demand of money tor the and for
breadsns and the withdrawal Of money from circulation
under apprehended scarcity and its effects upon the
money market in the United States The advance may not
be realized but it Is believed the estimate is fair
and all events the receipts from customs and lands will
meet estimated expenditures far they will be called
for and allow considerable for the redemption OF the
public debt should the holders be willing to part with It,
The table exhibiting the amount Of gold silver, and
bank notes in circulation at different periods gives the
amount of gold and silver n circulation for the fiscal year
1855 at 100000 and the bank notes in circun
tion at 900 making total circulation OF S33I
600 OO0 and showing that the banknoe circulation
reduced from that Of the preceding year about Sloo0ooo
but which may consider it has more than recovered
The table OF coinage for the exhibits gold and
silver bullion received at the mint and branches TO the
Of S7O0l7007 82 and the table of exports ex-
hibs the export OF gold and bullion to the amount OF
S5B247 343; showing of receipts the
ports OF S376s 664 s2 The table of exports for the
fiscal year. addition the export of gold exhibits $780,
s7 Of mspuiactures exported and OF for
egn goods exported exclusive Of specie and S623239As
OF all other articles making the whole exports S2I5
$780, against S26 $40 imported showing the excess Of
exports Sl36Ss326 the imports There no return
or estimate of the gold imported by cmigrans and
turn estimate for the reigh of vessels that have
contributed to our imports.
The table of tonnage for the year exhibits ton
mage at a2l200l 1895 tons, that OF the
preceding year of 1000 tons but II Is proper 10 remark
that the tonnage measurement Of American vessels unde
the present of Congress- makes the measured tonnagt
less thsn the actual tonnage whilst the unreporcd lost
vessels may than counterbannce the difference.
The table upon the currency ustes the belief that there
Is les than 900 millions of gold and silver In the coun
try whilst there doubt the continued yield
of the mines of California and that the demand for our ex
ports will enable 10 exchange largely for the produc
lions of other countries In former years without parting
with gold and silver In larger quantities than we pro
duce IT,
The demand for our agricultural products for export
and the consequent good prices WILL TO extent stm
ulate importing merchants to bring in foreign goods
because of increased ability TO purchase them abroad
and consume them at home.
Ii is believed the check importatons and consump
ton from short crops last year WILL to extent con
aue through this year and, with other causes preyen
extravsgant mporn lions American account, becaus
The war demand short crops in Europe will lessen Eu
kcrs viii seek the American market for their surplus con
sequenty large supply of foreign goods on foreign nc
count may be expected In the Market interfering with th
profits OF the American importer Moreover, II the wal
shall continue considerable sngency in the money mar
ket of Europe may be appreheuded derangng more or les
the money market in the United States according 10 tb
intensity there This spprehended money crisis in Europe
will operate repress mportatons Of Europesn goods
American account and enterprises at home whilst th
continued tide OF emigration TO the States and new Terri
tories of the West will induce large Investments in the pub
Tic domain thereby absorbing the land warrants and
strig considerable demand for money The aspect pre-
sents prosperous for the United States and It's reve
nue vet caIs for prudence and caution in expenditures
Herewith is submitted statement No. taken from th'
most reliable authorities with years and amounts blank
where no such authority could be ound Of the gold ane
silver coin and bank notes in circulation 10 the United
States from 100 1855 showing the increase OF banks
bank capital and bank-note circulation and containing
explanatory remarks upon the subject Also, statement
No g. exhibiting the coinage at the United states mint sne