The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1858-06-12
Political.
IoCof0cO EXfrayagauce

|
| ENORMOUS INCREASE OF TIE GOVERNMENT
EXPENSES. Senator Wilson in a speech the
Other day, arraigned the present Spendthrft
| octfoco Administration for its wastcfulncss
Of the Public money, and made the following
statments which are incontroverti5le:
| The Administration proposes to borrow SIS
600 0O0.-lt proposes 10 incur permanent
national debt Of ;S35 0O0,000 to meet the ordi-
nary and current expenditures of the Govern
lnent for the first two quarters of the next
fiscal year. Yes Sir, the proposit ion is to
incur national debt Of 35 900 900 to tax
the productive industry of the people for the
next fifteen years to mcea the current cX-
pcndilures of the Government at time
when we are at peace with all the world.
This is an administration measure the
measure Of Democratic Administration it
comes here with this seal and superscription
Of the Administration stamped upon it and
the ma iorty here in both Houses of Congress-
as in duty bound will hasten with aacrity
to register this Executive mandate"
The expenditures Of the Government
during the eight years of the alministrat tons
| of Mr.. Polk, General Taylor and Mr., Fill
more, in which time We went through the
| Mexican War, we've on the average $43 ,000,-
600 annually. When President Pierce came
in he commenced the fiscal year 1853 with
| $2l 0I2 900 in the Treasury. During his
admin stration, the average expenditures.
exclusive of payments on account of the
public debt, were SIS, 900 600, being an
| average annual increase Of SIS 100000 over
the eight preceding years years, too, during
which happened the Mexican war, with all
its vast expenditures The expenditures of
the Government during MIR. Picrce's admin
iStration were larger than the eXpend iturus
of the Government from 1889 to 1927, dur
ing the administrations of Washin on.
| Adams, Jefferson and Madison, a period Of
twcnty-eeht years.
When President Buchanan came into pow
err, he commenced the fiscal year with $lS.-
000, 900 in the Treasury. lie has collected
from all sources about &44 600 600. or rath-
cr he has collected the first quarter So GOO,
| 600; the next 81 OO0'000: the third quarter
SIS, 600 600 ; and it is estimated that the last
quarter will be $4,000 600, max ing Al 600.
| Geo amounting TO SG2 ,O00, 600. We have bor-
lowcd $50 600 O00by Treasury notes, which
makes $50 GOO coo as the resources of the Adj
minstration for the present year. The SEN
ator from Virginia, the Chairman of the
Committee on Finance. estimates, If | under
stand him, that the receipts for the year
will amount to SS5.1O0 600, and the cxpcn-
dilures to &S5 900 900 which will leave a
balance in the Treasury of 500 COO
Now, we are tod by the Secretary of the
1reasu ry. that, at the commencement Of the
next fiscal year, the $40 ,O0o 600 OF Treasury
notes will be exhausted, aud we Shall begin
the next fiscal year without any money, or
with only an insignificant sum in the treasu-
ny. The annual expenditures Of this Ad.
ministration, exceed the expenditures of the
last Administration, exclusive of the public
debt more than 500 GOO 600. The last Admin
is tration added SIS 100000 to the average
nual expense of the country and the pres
cnt Administration adds $40 900, 900 annu-
ally over the last Administration, which the
whole country believed to Le an cXtravagant
| Administration.