Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1856-01-09

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tween the United States and Russia Of the
22a Of July. 1854. These treaties and con
yentons will DO laid before thu Se&ato for rat
ifcaiion
The statements made. in my last annual
message. respecting the anticipated receipts
and expenditures Of the Treasury, have bseu
substantially verified
1t appears from the report of the Secretary
OF the Treasury, that the receipts during the
last fiscal year ending June 80, 1855, from
all sources. were sixty-fve million three thou-
sand nine hundred and thirty dollars aud that
the pablo expenditures for the came period.
exclusive of payments on account of the pub
lie debt, amounted TO ifty-six million three
hundred aud sixty-6Te thousand three hun
dred and ninety three dollars. During the
same period, the payments made in redelnp-
tlon Of the public debt. Including interest aud
premium. amounted 70 nine million eight hun
dred and forty-four thousand five hundred and
twen;y-eight dollars.
The balance in the Treasury at the begin
ming OF the present fiscal year. july /. 1856,
was eighteen million nine hundred and thirty
one thousand nine hundred and seventy-six
dollars; the receipts for the first quarter, and
the estimated receipts for the remaining three
million nine hundred aud eighteen thousand
seven hundred and thirty-four dollars; thua
afordiug in all, as the available resources Of
the current fiscal year. the sum of eishty-six
million eight hundred and ffty-six thousand
seven hundred and ten dollars.
If to the actual expenditures Of the frst
quarter Of the current fiscal year be added the
probable expenditures for the remaining tbres
quarters, as estimated by the Secretary of the
Treasury, the sum total viii be seventy-ono
million two hundred aud tEenty-six thousand
eight hundred and forty-six dollars, thereby
leaving an estimated balance in the treasury
on July /. 1856, of fifteen million six hum
dred and twenty-three thousand eight hundred
and sixty-tbree dollars aad forly-onc cents.
In the above estimated expenditures Of the
present fiscal year are included three million
dollars to meet the last installDent Of the ten
millions provided for in the late treaty with
Mexico, and seven millious seven hundred and
fifty thousand dollars appropriated on account
of the debt due to Texas, which two sams
make an aggregate amount Of ten million soF-
en- hundred and City thousand dollars. and
reduce the expenditures, actual or estimated.
for ordinary objects Of the year. to the sum OF
sixty million four hundred aad scyenty-s;x
thousand dollars
The amount of the public debt. st the COM
mencement of the present fiscal year, was for
ty million five hundred and eighty-threa
thousand six hundred and thirty one dollars.
and, deduction being made CT subsequent pay
-meRts, the xhele public -debt-of- the Federal
government remaining at this time is less than
forty millions dollars
The remnant of certain otLer government.
stocks, amounting to two hundred and forty
three thousand dollars, referred to in my last
message as outstanding, has since been paid.
| am fully persuaded that it would be diff
cult 10 devise system superior to that BIZ
which the fiscal business of the gosernment IA
now conducted. Notwithstanding the great
number of public agents OF collection and dis-
bursemeut, it is believed that the checks aud
guards provided. including the requirement
of monthly returns. render it scarcely possible
for any considerable fraud on the part Of those
agents, or neglect involving hazard of seri-
Gus public loss, to escape detection. Irenew.
however, the recommendation, heretoforo
made by me. of the enactment of law decla-
ring it felony on the part Of public officers to
insert false entries in their books Of record or
account, or 10 make false returns, and also
requiring tueni lasaIsasa'iIs
service TO deliver 70 their successors sll books.
records, and other objects Of public natur5
in their custody.
Derived as our public revenue is. in chief
part, from duties on imports. It's magnitude
affords gratifying evidences Of the prosperity.
not only of our commerce. but of the other
great interests upon which that depends.
The principle that all monies not required
for the current expenses Of the government
should remain for active employment in the
hands of the people, and the conspicuous fact
that the annual revenue from ali sources ex-
ceeds, by many millions Of dollars, the smotnt
needed for a prudent and eeonomicai admin
istration of public affairs, cannot fail 70 sug-
gest the proPriety of an early revision and re-
duction of the tariff of duties on imports. Ii
is now SO generally conceded that the purpose
of revenue alone can justify the imposition Of
duties on imports, that, IN Ieadjusting the i'm
post tables and schedules. which unquestiona-
bly, require essential notifications, departure
from the principles of the present tariff is rot
anticipated.
The army. during the past year has been
actively engaged in defending the Indian
frontier. the state of the service permitting
but few and small garrisons in onr permanent
Qualifications The additional regiments au-
thorized at the last session of Congress have
been recruited and organized, and large
portion Of the troops have slready been sent
to the field. All tho duties. which deyolye
on the military establishment, have been sat
isfactorily performed. and the dangers and
privaticns INCIDENT to The character &c sKe SER
vice requiFed Of our troops hste furnished ad.
ditional eyid nee of their courage, zeal, and
capacity to meet aDy requisiticn which their
country may make upon them. For the de-
tails cf the military operations the disiribu-
ton of the troops and additional prorisions