Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1858-12-08

ascertain ths averrge value Of any imported article
for ssresof years; and, instead Of suojectng ii to
al al nalaxem duty at certain rate per cenum, TO
suAstisutsin its pixce anssqaivaent specidc dsty.
By such an arrang cement the consumer would not
be inferred. Il s true, he might have to pay little
more dnty On eivea article in one year but II so,
be would pay little less in another, and in series
of yeas these would eoaaterbalancs each other and
amount 10 the same thing, so far MS his Interests is
concerned. This Inconvenience would lie trifng,
when coutr,sted with the additional security TINS al
forled against frauds upon the revenue in which ey-
,ry consumer - directly interested
hive thrown ost these suggestions the frai, of
my observation, TO which Congress- in their bet
Judgment, will give such weight they may just
~ deserve.
The report of the Secretary of The Treasury will
explain In detail the operations OF that department
of the government The receipts into the treasury
from all sources during tire Zeal year ending Both
June, 1883, including the treasury notes authorized
by the act ofDecenher %, 1887 seventy million
two hundred and sev+nty-ihree thousand eight hun
dred and sixty dollars and Eft, mine CENTS $780,
273, $50 59,D which amount, with tho balance Z mil
lion seven hundred and ten Thousand one hundred
and fourteen dollars and twenty cents (Sl7-
no., IA 27) remaining 10 the treasury Mt the COM
,nencemeni OF the year. made an aggregate Tor the
service Of the year Of eighty million nine hun
drei and eighty three thousand nine handrrd aud
eighty three dollars and eighty-six cents $685.
9S3 SCI
The public expenditures during the fiscal year end
ing June 80, 1858, amounted to eighty-one million
five hundred and eighty five thousand six hundred
and sixty-seven dollars and sevenysix cents, 1881.
$685. 667 76) Of which niue million six hundred and
eighty four thousand five hundred and thirty
dollars aud ninety mine cents (S9, GA, 637 99) were
applied to the payment of the public debt, and the
redemption of treasury notes with the interest there
on, leaving in the treasuary on July ], 1858, being
the commencement Of the present fiscal year, six
million three hundred md ninety-eight thousand
three hundred and sixteen dollars and ten cents
S6,396,3i6 10.
The receipts into the treasury, during tie first
qnarter of the present fiscal year commencing the st
july 1858, including one halfo the loan OF twenty
millions OF dollars, with the premium upon it, att
thorzed by the Of l4th Of june 1858, were TWEEN
ty-fve million two hundred and thirty thousand eight
hundred aud seventy nine dollars and fortysx cents,
-S25, ,879 46, and the estimated receipts for the
remaining three quarters to the 30th juno, 1899,
from ordinary sources, are thiriyeght million live
hundred thousand dollars,-3s 100000, making
with the bat&lce before stated IN aggregate ofsesen
~ million hundred and twcn'y-nire thousand
one hundred and ninety live dollars and hity-Six
cents,-sS70,l29l05 Sc.
The expenditures during the first quarter of the
present fiscal year, were iweuty-one II ilons seven
hundred nd eight THOUSAND one hundred and ninety
eight dollars and 6hyone cents, tS2l 1851 9s al.)
of which one million and ten thousand one he
dred and forty-two dollars aud thirty seven cents
(Sl,0l0l42 80 applied to the payment of the
public debt and the redemption of treasury notes,
and the interest thereon. The estimated expendi-
lures, during the remaining three quarters to Both
June 1859, ffty-two millions three hundred and
ffty-seven thousand six hundred and nineiy-eght
dollars and forty -eight cents, (52,357 COS 49, maxi
ing aggregate of seventyfour millions sixty-hve
thousand eight hundred and ninety-sx dollars and
ninety nine cents ($74 065, s9G 99 being an excess
of expenditure, beyond the estimated receipts into
the treasury from ordinary sources, during the fiscal
year to the 30th June, 1885, OF three millions nine
hundred and thirty-six thousand seven hundred aud
one dollars and forty-three cents, ($3,93S,90l 43
Extraordinary means are placed 10y law within the
command OF the Secretary Of the Treasury, by the
reissue Of treasury notes redeemed and by nego-
tating the balance Of the loan authorized by the act
of 4th June, 1885, 10 the extent of eleven millions
of dollars which, IL realized during the present ifs
cal year, will leave a balance in the treasury, on the
first day of july 1859, of millions sixty,hre
thousand two hundred and nnety.eght dollars and
fifty seven cents. (S7,063,29o 81.
The estimated receipts during the next fiscal year
ending 3oth June, 1860, are sixty-two millions of
,lollnrs-S62, 900, 0O0-which with the above esti-
mated balance of million sixty-three thonsand
two hundred and ninety-eigh dollars and hty-seven
cents-S1 ,063 ,298 57-make an aggregate for the
service of the next fiscal year, OF sixty nine millions
sixty three thousand two hundred and ninety-eight
dollars aud fty-seven CENTS 063 ,29S 81. The
estimated expenditures during the next fiscal year
ending 30th June, 1861 are seventy-three millions
one hundred and thirty nine thousand one hundred
and forty seven dollars and forty-six cents-S13,-
1914 46-which leave deficit of estimated means,
compared with the estimated expenditure for that
year, commencing on the LIST Of July, 1882 OF four
million and seveuty-fve thousand eight hundred ind
fory-eight dollars and eighty whine cenis-S4o74,-
848 So
In addition to this sum, the Postmaster-G General
will require from the treasury for the service OF the
Post Office Department, three million eight hundred
and thirty eight thousand seven hundred and TWEEN
ty- eight doars-S3, 1913, 728-as explained in the
report OF the Secretary of the Treasury; which will
increase the estimated deficit the Goth June 1860.
to seven million nine hundred and fourteen thousand