Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1858-12-22
WHOLE NO. 29O3.


seven hundred and one dollars and forty
three cents. { SO $50 70l 49, Extraor.
dinary means are placed by law within
the command OF the Secretary OF the
Treasury. by the reissue of treasury
neies redeemed, and by negotiating the
balance of the loan suthcrized by the
&C; Of IA Jnne, 1858. to the extent CT
eleven millions Of dollars. which. If rea-
iized during the present fiscal year. will
leave balance in the treasury. On the
first day Of July. 1859. of seven million
sixiy-tbree thousand Two hundred and
ninery-eight dollars and f'ty-seVe
cents. (s7.oeS 99s 81
The estimated receipts during the next
fiscal year ending 80 h Juue. 1860, are
5 xty-iwo millions OF dollars. s62 000.-
900. J which. with the above estimated
balance of seven million Sky three
Thousand two hundred and ninety eiyht
dollars AMI fiily seven cents, ISL COS,
293. 81. make AZ aggregate tor the ser
wee OF The mex. fiscal year, OF sixty nine
million s'xty three thousand two hun
dred and ninety EIGHT dollars and
ifty-seven cents. 1869 063 998 81 y
The estimated expenditures during
the ntxt fiscal year Cn!ing 30th
June, 1850. are seventy-thres million
one bundled and thirty nine thousand
one hundred and forty seven dollars and
loFIy six cents 1913 l39 l47 46 which
leave deficit OF estimated -raeans. COM
pared via The estimated expenditures
Tor that wear, commencing 90 the 1st of
July. SO. Of four m,liion ant SEVENTY
i've thousand eight hundred sad forty
eight do;lsr- and eighty nine cents, 81,
U75 $40 90
In adh'ion TO this sum. the Postmas-
ter GeneTil will r. quHe from the treas
ury for ihe serrie,. oi The Post Olficr De-
parImenI. three million. eight hundred
anu thirty eight thousand seven hun
dred and twenty eight dollars, 50 $50,
723, As explained IN The report OF The
Secie ary uf the Treasury, which wi.lin-
crease the ss,im ted d. fen on DE 30,h
June, 1869, TO seven million nine hun.
,iasd and Iautrsn thousand s6ve,hundred
aud sev. nty.si dollars and eighty nine
ee~s. (79.4 $40 60 TO pfoti,Ie fer
ihe PAYNE OF this s'imated deficiency.
shich will be Increased by such appre
priations as may be made by Congress,
not estimated for in the report OF the
Treasury Deanr,ment. as weilFas 10 pro-
provide Tor Ibe radnsl redemption, from
year 20 year. OF cd. stsniiBg treasury
no.es. tn Secretary of the Treasury re-
commends such revision of the present
tariff as will raise the req 'ired smount.
Af.er what have alr, sdy said, j need
scarcely add that concur in the opinion
expressed N his repori-that shespublIc
debt should not be increased by an adj
di,iona loan, and w0uH. therefore.
strongly urg' upon Congress the day of
m msking. At their present Sc sios, The nee
essary prO'i,ion tor meeting these iiabil.
tiles
The public debt on the Isl Jaly, 853,
the conan, moment oi the present fiscal
year. was Se5 l55 977 66.
During The first quNrtsT Of Ihe present
year. he sum of SO 900 600 has been
ot the lo-n autborz d by the
aclof II b Jrne. 1855 m king the pres
eLt ou,slaEd NJ rni h. deb. exclusive OF
laeasury NOES. S35 l55 977 66 There
vas on the j., JHiy. 1858 Of treasury
notes Issued b. sn horny sof the &c Of
d cember 93. 1857 ugrsdesm the
The sum OF $40 75l 500 making the
amount Of actual eniro,edaess, a that
lte. S5l 9I0 III SO 10 this will be
tiJed sIO. .UOO. UUU during the present
i ,ell yesr-ihis b - The remaining
h iii of the loan Of S2J .001 900 not yes
lego; a,eJ
The rapid increase Of The public deb.
,nd The necessity which exists for a
N ratification of the tariff 10 NEST even
he ordlnIry expenses OF the gov
pm Mt, ought 10 admonish US all.
n our resp, Give sp'eres OF duty. to
ne prsclicr Of ,igid economy. The
, j-cts Of expenditure shodld be limited
n number, as Tar as this NAV be prae-
icable. and the appropriations necessary
- carry em into effect, ought to b.
Iisbursed under the sIicfest aceounta-
,ility. Enlightened economy does not
onsist in u e refusal To appropriate mon
g for constitutional purposes, essential
. the defence. progress, and prosperity
{ the repubIir. but IN taking care that
me of this monry shall DC wasted by
Al m ma cement. in It's application 70 the
tjects de igasied by law. ~
Comparisons between the annull ex-
eniiture at the present time. and what
was ten or twenty years ago, srs alto
ether fallacious. The rapid increase Of
ar country in extent and population.
nIers a correspon ing increase Of tx-
to soms tx ent. unavoidable.
his is constantly cree.ing new objects
/ expendi.urc. and augmeniiGS The
m uni required for the old. The true
u .s,ions tnen, are, have these objects
zen unnecessarily multiplied? or, has
Ie amount expended upon any orall Of
em. been lager than com2orts with
le &c namy? Ia accordance wish these
-inciules. the heads Of the different ex-
utiys departments Of the government;
i've been instructed TO rsducs their es.
mates for the next fiscal year, to the
ives, standard consistent with the eff
ency Of the service. aul this duty they
I'VE perto med in spirit Of jast econo-
y. The esimltes Of the Tressu,y,
ar, NAVY. and Interior Dspsrtrasnts.
we each been in some degree reducedi
q ualess sudden and unforeseen en-
g-ncy should arise. il is Not anticipa'
j thai deficiency will exist in eiibsr
thin The present or the mex. fiscal
ar The Post Olice Department is
aced in peculiar position. different
,m the other departments, AID . this
hal! hereafter refer.
| invxe CooIres to institute rigid
ruiiny 10 ascertain whether the ex2en-
ia all the departm ants cannot BE- still
.ther reduced; AMI promise Them all
; aid in my power 10 pursuing the IN
stigation.
(coScIupED on yorRrH PAeE)