The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-23

BY this report it appears that
the amount of revenue received from ali |
sources into the Treasury during the fis-
cal year ending the sOth June, 1857, was
sixty eight million six hundred and thirty
one thousand fye hundred and thirteen
dollars and 67cents, ($6s,
which amount, with the balance of nine
tcen million nine hundred and one thous-
and three hundred and twenty-five dollars
and forty-fve cents, Isl 9,901,325 45) re-
naming in the treasury at the co A,mencc-
ment Of the year, made an aggregate for
the service of the year of eighty-eight
million five hundred and thirty-two thous-
and eight hundred and thirty nine dollars
and twelve cents, ($Sss5S2,8s9I2) !,
The public expenditures for the fiscal
year ending 30th June, 1857, amounted
to seventy million eight hundred and
twenty thousand seven hundred and
twenty-four dollars and eighty-Gve cents,
(s70,822,724.85,) of which 1--WE million
nine hundred and forty-three thousand
eight hundred and ninety-six dollars and
ninesy-one cents ($5,943,s96.91) were
applied to the redemption of the public
debt, including interest and premium, leav-
ing in the treasury at the commencement
of the present fiscal year on the lst July,
1851, seventeen million seven hundred and
ten thousand one hundred and fourteen
dollars aud twenty seven cents, ($l7,7l0.-
Il4.27) sssts 81 ae ,sHa ~ -
l.. TO snk0 81 fov 4
first quarter of the present fiscal year,
commencing lst July, 1851 we're twen.
ty million nine hundred and TIVE nty nine
thousand eight hundred and nineteen dol
lars and eighty-one cents, ($20, ,929, 49,
81 ) and the estimated receipts of the re-
naming three-quarters to the seth june
1858, are thirty-six million seven hundred
and fifty thousand dollars ($36, $780, ,0O0,)
making with the balance before stated an
aggregate of seventy five million three
hundred and eighty-nine thousand nine
hundred and thirty -four dollars and eight
cents, ($75,3Ss,934.0S) for the service Of
the present fiscal year. $50 8 ,za;gs8Ff., i
The actual expenditures during the first
quarter of the present fiscal year were
twenty-thrce million seven hundred and
fourteen thousand i've hundred ana twenty
ty-eight dollars and thirty seven cents,
($23, TIA, 52S.37,) of which three mil
lions eight hundred and nipety-two thous-
and 2 hundred and 80 dollars and 80 cts,
(s3, S92, 2,232.39,) we're applied to the re-
demption of the public debt. including in
terest and premium The probable ex-
penditures of the remaining three quarters
to 30.h June, 1858, are ffty-one million
i two hundred and forty eight thousand FIVE
hundred aud thirty dollars and four cents,
1851 ,24S, S,530.04) including interest on
the public debt, making an aggregate Of
seventy. four million nine hundred and
sixty-three thousand fifty eight dollars
and forty one cents, ($74.963.05S.4i)
leaving an estimated balance iu the treas
ury at the close of the present fiscal year
/ of four hundred and twenty-six thousand
eight hundred and seventy-hve dollars and
sixty seven cents; ($4a6,s75 67.)
The amount of the public debt at the
commencement of the present fiscal year
was $29, 90.
The amount redeemed since the lst oil
July was So, ,S95. .2322e-leav a bal
ance unredeemed ut this time of $25,165,-
iI54.6l. aSe s@
The amount of estimated expenditures
for the remaining three quarters of the
present fiscal year will in all probability
he increased from the causes set forth in
the report of the Secretary. His sugges.
tion therefore, that authority should be
given to supply any temporary deficiency
by the issue of limited amount of treas.
ury notes, is approved. and accordingly
recommend the passage ofsuch law
1 As stated in the report of the Secreta.
Try, the tariff of March 3, 1857 has been
in operation for SO short period of time
and under circumstances so unfavorable
to just development of its results as 8
revenue measure, that should regard il
as inexpedient, at least for the present, to
undertake its revision. gsoltl
transmit herewith the reports made
to me by the Secretaries of War and Ma.
Wy, of the Interior and of the Postmastei
General. They oil contain valuable and
important information and suggestions
which commend to the favorable consia
Grafton of Congress. 1i
Ihave already recommended the rails
ing of four additional regiments and the
Report of the Secretary of Wan presents
strong reasons proving this increase Of the
army under exciting circumstances. to be
Indispensable. .a5xs aeiza9siaiqaa i.a s1s
I.would CALI the special attention ol
Congress to the, Recommendation of che
Secretary of thes NasyIin savoris0f the
construction Of ten small war steamers o
1 light dranght. For some years the gov
ernment has been obliged on many occa.
sions to hire such steamers from individ.
''uals to supply its pressing wants. At the
present moment we have no armed: YES.
sells in the navy which can penetrate the
rivers of China We have but few which
can enter any of the harbors south of N or.
folk, although many millions of foreign
and domestic commerce annually pass in
1 oe h., kc~