American Lancaster gazette. [volume] (Lancaster, Ohio) 1855-1860, 1858-06-24
CITYOF LANCASTER.
TT nrsdnY MORNING, June I4,Is5s
EXPENSES OF TIE GENERAL GOVERNMENT
Speech Of Hon. John Sherman,
Delivered in the House of Represen tatives
May ct, 1868.

The House being in Committee en- the
Whole in the Army bill, Mr.. Shermen Of
Ohio id. -...s. ..t +.a
wish to state my reasons for opposing
this bill, and also the bill authorizinga loan
OF $4,000, 900. 1t is with some reluc-
tance that trespass upon the time Of the
House at this period ofits session. and
will make my remarks as brief as possible
do not know that any other opportunity
wi occur. aud shall therefore embrace
the present.
PRESENT coNDITsoN OF TREASURY.
On the first day Of July last there was
surplus of Sl7,7l0.ll4in the Treasury.
This surplus has been reduced to the shad-
,ow of shade. The Secretary Of the
Treasury in December last in message
calling for an issue CISCO, 900, ,OOOof Treas
ury notes. told us that in all probability
but small part, If any, of the amount
would Le neededat an early day. yet, now
we have another message from the same
officer. in which he tells us that
This $40 400 loan of Treasury notes, authorized
by the act OF December "a 1857 will be exhausted In
supplying the DEFICIENCIES in the Treasury forthe pre-
sent fiscal year. f.a -. ..'.t. $50. r.
ave shail commence the next fiscal year dependent
entirely upon the current receipts into the Treasury
TO meetGll demands from it," e
So, for the first year Of this Administra-
tion, we have, in addition to the current
revenue, an old balance Of S17, 900, 900
and 100000. 900 of Treasury notes already
expended and gone. We have defcien-
cy of S37, 900, 900 in single year; and
we are now called on by the Administration
for another loan of SIS 100000 And
sir we are told that this.loan will not meet
the exigency-it is only partial remedy,
homeopathic dose. The Secretary gives
us fair notice that he will want further
loans during the next fiscal year. will
call the attention of the Committee to this
clause Of his letter:
''Ihaye conhncd this inquiry to the two first quar-
tersof the next fiscal year. Congress will assem-
BILE before The close OF The second quarter, and 1t will
be time enough then, should It become necessary, to
provide for future contingencies, that cannot UOW bc
JOreseen" o.. .
''Future contingencies that cannot now
be forseen!" Is the Secretary, like Micaw-
Der waiting for Something to turn up?'
Sir, these future continges can be foresene.
! can demonstrate to any sensible man
that the secretary of the Treasury will be
compelled to call on Congress for S42,
100000 to supply deficiencies in the next
fiscal year. To that will have to be added
$4,000, 900 to redeem the outstanding
Treasury notes and interest, which run
but for one year, so that there willhe an
addition to. the national debt,of $63,000,'
600 in two years.
Under these circumstances, loan. bi!
is proposed to the House. and it is not &C
companied by any measure Of revenue, o.
Of retrenchment and reform. No PROPOSE
tion is made to increase the tariff, nc
messureto enlarge the revenue. AT the
first fruits ofthis Administration, we are
embarked in q permanent system of loan
to support the Government. 300
UTAH WAR. ..,,--
desire, for moment, to call the atten
ton Of the Committee to another reniqr
kable paragraph of the Secretary's letter
He says thstsibce the meeting of Congress
'sthe dem ,nds upon the. Treasury for th
present fiscal year have been increased b,
legislation to an amount not far below tel
million dollss." ll.Aeft ';' tt;;ass,.',.
Iwould like to know by what Legislation
we,have increased the burden thrown upoi
the Treasury? Has the Committee o.
Ways and means introduced measures int
this House appropriating SIC, ,0oo, 900 nc
sanctioned by the Executive? Has any ac
q ben approved by the House which sppro
pirates 10,000,0o0 not called for by tn
Secretary cfthe Treasury? II Congress
has thrown an additional burden upon th
Exscuiiye1 departments I,vould like t
know BY what law and for what purpose
has been done. ] have no knowledge Z
any bill which has not been demanded an
urged upouby the Executive Z Certainl
Congress, has proposed no.new ,expendi
j arts n gfnefs