Lewisburg chronicle. [volume] (Lewisburg, Pa.) 1850-1859, 1856-01-04

treaty oi friendship. commerce, and navl-
CATION with Nicaragua and Il convention
OF commercial reciprocity with the Hawai-
in kingdom, have been negotiated. The
latter kingdom and the State Of Nicaragua
have alsoaccededto to a declaration, recogni-
sing as international rights the principles
contained in the convention between the
United States and Russia of the I'D of
july, 1871. These treaties and conyen-
tions Will be laid before the Senate for rat
ification.
TREASURY.
The statements made, IN my last annual
message, respecting the pated receipts
and expenditures Of the Treasury, have
been substantially verified.
1t appears FROM the report OF the Secre-
tarv OF the Treasury, that the receipts du-
ring the las, fiscal year ending june 30,
lsjJ, from all sources, were siXty-tive MIL
lion three thousand nine hundred and thlr-
ty dollars and that the public expendi-
lures for the same period, exclusive Of
payment on account Of the public debt,
amounted to iifty-six million three hundred
aud sixty-fve thousand three hundred and
ninety-three dollars. During the same pc
Rod, the payments made IN redemption Of
the public debt, including interest and
premium, amounted to nine million eight
hundred and torty-four thousand five hun
dred and twenty-eight dollars.
The balance in the Treasury at the be-
ginning Of the present fiscal year, July /,
l,Jj. was eighteen million nine hundred
and thirty-One thousand nine hundred and
seycnty-siX dollars: the receipts for the
first quarter, and the estimated receipts
for thu remaining three quarters, amount,
together, to sixty-Seven pillion nine hum
dred and eighteen thousand seven hun
dred and thir,y-fo dollars thus attording
in all, rs the available resources Of the cur
rent fiscal year. the sum Of elghty-slx mil
lion eight hundred and litty-,iX thousand
seven hundred and ten dollars.
If, to the actual expenditures Of the first
quarter Of the current fiscal year. be added
the probable expenditures for ,he remain
inc thrce-quarters, as estimated by the Sec
retary Of the Treasury, the SUN total will
De seyeuty-one million two hundred and
tHenty-siX Thousand eight hundred and
toty-,ix dollars thereby leaving an estima-
ted balance in the treasury on July |,
1876. Of fifteen million six hundred and
tweAty-tErec thousand eight hundred and
sixty-three dollars and forty-one cents.
In the above estimated expenditures Of
the present iscal year are included three
million dollar, 10 meet the la>t instalment
of the ten millions provided Ior IN the late
treaty with Mexico. and seven million sew
en- hundred and fifty thousand dollars ap-
propriated on account ot the debt due to
Texas, which two SUMS make an aggregate
amount Of ten million seven hundred and
fifty thousand dollars, and reduce the ex-
penditure~, actual Or estimated. for ordina-
~ objects Of the year, to the sum Of sixty
million four hundred and seyenty-slx thou
sand dollars.
The amount of the public debt. at the
commencement of the present fiscal year,
was forty million five hundred and eighty
three thousand six hundred and thirty-one
dollars, and, deduction being made Of sub
se4uent payments, the whole public debt
Of the federal government remaining at
this time is less than forty million dollars.
The remnant of certain other govern
ment stocks, amounting to two hundred
and forty-three thousand dollars, referred
to III my last message a. outstanding, has
since been paid.
am fully persuaded tha. it would be
difficult 10 devise 4 system superior 10 that,
by which the fiscal business Of the govern
ment is now conducted. Notwithstanding
the Great number Of public agents of col
lection and disburse ment, it is believed
that the checks and guards provided, in-
Guiding the requirement ofmonthly returns,
render it scarcely possible for any eonsid-
cradle fraud on the part Of those agents,
or neglect involving hazard of serious pub
lie loss, to escape detection | renew,
however, the recommendation, heretofore
made by me, Of the enactment Of law de-
claring it felony ou the part Of public off
GERS 10 insert false entries IN their books of
record or account, or to make false returns,
and also requiring them On the termina-
ton OF their service to deliver to their
SUCCESSORS al bOnhs, TtcOItS, anu OiueT o.
jects Of public nature in their custody.
Derived as our public revenue is, in
chief part, from duties on imports, its mag
nitude affords gratifying evidence of the
prosperity, not only of our commerce, but
of the other great interests upon which
that depends.
The principle that all moneys not re-
quired for the current expenses fthe gov
ernment should remain for active employ
ment in the hands of the people, and the
conspicuous fact that the annual revenue
from all sources exceeds, by many millions
OF dollars, the amount needed for a pru-
dent and economical administration Of pub
lie affairs, cannot fail TO suggest the pro-
priety of an early revision and reduction
of the tariff of duties on imports. 1t is
now SO generally conceded that the pur-
pose of revenue alone can justify the im-
position of duties on imports, that, in re-
adjusting the impost tables and schedules,
which unquestionably require essential
departure from the prin-
ciples of the present tariff Is not ansicipa-