The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1857-10-30
THE FEDERAL TREASURY.

$500 AA@1LAhAA AAhL-AOOAhAs
The receipts from the customs from the
lavish imPortations under the late administers
ton. says the New York Herald, were such
that Mr.. Secretary Guthrie was reduced to all
sorts Of shifts to get rid Of his encumbering
surplus revenues, but which, in spite of all
the wasteful devices of Congress. the lobby
spOilsmen and the Kitchen Cabinet. still kept
accumulatiRg upon his hands. Even as late
as a few short weeks ago, there were twenty
three millions in the treasury subject to DRAFT;
but now look at the following report, which
we published yesterday from a responsible
source at Washington, and mark the rapid
ebb Of the tide;-
STATE or THE TREASURY.
Approp's for present fiscal year $S5,37S, 256
Amount expended to Oct. 10 27.l66,74B
Amount Of funds on hand 100000
Aunt devoted to mint operations 100000
Current receipts per week 100000
Dealing in round numbers, let us see what
these figures indicate. OF the appropriations
for the present fiscal year of ss5,Ooo,oOO,
there have been paid out some s27,oOo.O 900
leaving balance yet to be paid Of s5s, OoO,-
900. To meet this sum of liabilities by July
next the Secretary has balance on hand Of
Sd,0o0,000; and our correspondent reports
the treasury receipts at 100000 per week.
We venture to say that the weekly average
Of receipts fof the next six months will not
exceed S750,000 if it even reaches that sum-
for the country is full Of foreign goods, full of
debts, and instead Of sending money to Eng
land for more goods. we shall be sending our
own products to England for money for some
time to come. Assuming, however, that the
treasury receipts for the balance of the fiscal
year will average s750,o0O per week, then,
to the 30th of June
The receipts viii be $4,000, 900
Balance on hank 5000, 900
Miscellaneous, lands, DO. 5000, 900
Total funds $4,000, 900
Appropriations $4,000
Deficiency $l7OOO,O0O
Very different from this the estimates of
Secretary Guthrie in his last annual report,
according to which there ought to be sur.
plus in the treasury on the 3Oth of June,
1858. Of $4S.000,OO0. But Mr.. Guthrie made
no estimates to cover this revulsion of 1857,
and thus his forty-three millions are wiped
out. Great fnanciers are often but indiffer.
ent prophets. How stand we nowl The ex.
penditure of s27, OO0,OOO in little over three
months will fully cover the appropriations Of
SS5,OO0,000 for twelve months, and some.
thing over. Indeed, the first bill required at
almost every session Of Congress for the last
half dozen years, has been deficiency bill
that is, bill to meet the excess of the actual
expenses Of the government over the regular
appropriations for the year. But should the
actual years expenditures fall short OF the
appropriations, we must not overlook the
certain expenses and doubtful receipts Of the
next year.
1t is evident. therefore, not only that Mr..
Secretary Cobb has done all that he can do
for the immediate relief Of the financial in
terests Of the people, but that for the next
fiscal year he will himself need relief in the
shape Of loan Of ten, fifteen or twenty mil.
lions of dollars. The practical issues for the
coming Congress, therefore, will not be mig.
gers, nor Northern or Southern aggressions
for or against niggers, nor land spoils nor lob
by plumber; but such hard matter. of.faot is-
sues as retrenchment. reform. economy, bank.
rupt laws. financial relief, tariffs and govern.
ment loans. Thus the events of an hour
overturn all the schemes and calculations of
parties and politicians, and, when least ex.
pected, usher in upon us sweeping financial
and political revolution.
A Coop ExAMPLE-LET OTHERS Follow.
The Superintendent of the South West.
-. 10 TIL.