The Nevada Democrat., 1858-09-29
Receipts ana Expenditures OF the General

| A~S~eeRsA ohA,A AeAfSA----------A
The expenditures Of the general government,
for the quarter snding June 3Oth. 1858, were,
in round numbers, $2S, 100000. Az this rate,
the total expenditures for the year will amount
to Ss2, ,Oo0, 900. They viii not be less than that
sum, and the estimates and appropriations have
been made with view to the expenditure Of q
larger amount. 1t is stated, too, on good au-
thority, that at the present time, the expendi-
lures exceed the receipts into the Federal treas
ury at the rate of halfa million Of dollars per
week, and there seems to be ne prospect that
this condition of affairs will change for the bet
ter for some time to come. BY the time Con-
oress meets in December next, the public debt
will not be less than 100000, 900; and unless
some change is made, by Congressional enact
ment the debt will exceed $l00, 100000 at the
close Of Mr. Bucbanan's term OF Office. The
condition of the national finances will be GER
tain to engage the attention Of Congress during
the next session. Al the present time there are
no unusual expenditures to be provided for, and
the policy Of resorting to loans to meet the or
binary demands on the national treasury, for
any considerable length of time, cannot be en-
tertained. Either the government expenses
must be cut down, or the revenue increased,
and perhaps both measures will be attempted
at the next session of Congress, in order to ef-
feet the desired reform.
| Within the past few years the national expen-
dItures have increased beyond all precedent,
and the appropriations and estimates for the
present fiscal year, amounting as they do to
near 500, 900 900, have naturally excited con-
siderable attention. During the administration
of President Pierce, the treasury was overflow
ing with money, and notwithstanding the bulk
of the national debt was paid of, large sur
plus was left in the treasury, at the close Of his
official term. The receipts continued to more
than meet the expenditures for the first four OF
FIVE months of Mr.. Buchanan's term-the sur
plus being used towards liquidating the public
debt. But in consequence of the financial
crash in the fall Of 1857 mportations of foreign
goods suddenly ceased, and the principal
source of government revenue was cut on In
July 1857, Mr.. Secretary Cobb was paying
enormous premiums for United States bonds,
and in December Of the same year he was COM
PEELED to borrow money to defray the ordinary
expenses of the government. This sudden fall
ing off of the revenue was wholly beyond the
power of government officers to foresee or con-
troll. Government officials can see no farther
into mill stone than other men, and the COM
mercial revusion of 1857, was as unexpected
to them as it was to the people.
The habits of extravaganza created among
the people by the flush times, led to extrava-
giant expenditures by Congress. But when the
people found that their wealth was fictitious,
they ceased their extravagance, and brought
their expenses within their incomes. The ex-
ample set by the people is we'll worthy of imita-
ton by the government. Instead Of attempt
ing to increase the revenue by levying higher
tariff on imported goods and thus adding to
the burdens of the people, the government ex-
penditures should be cut down 20 as to come
within the receipts. The pu Ese-strings of the
federal treasury are held by Congress, aud it
will devolve upon that body to again place the
financial condition of the government upon
healthy basis. This can only be done BY abol.
ishing all useless Offices, looping off snecures,
and stopping the thousand and one leaks in the
national treasury. 1t is portion of the Demo
cratic creed, that no more revenue should be
collected than is sufficient TO carry on the gov
ernment in on economical manner. A majori-
ty of the members of both Houses of the present
Congress, we're elected as Democrats and al
though there may be differences among them,
upon The subject Of Kansas, and other matters
Of minor Importance, there certainly can be no
difference of opinion, as TO the necessity Of
bringing the ordinary expenses Of the govern
ment within the current receipts. The public
will expect Congress to adopt measures to &C.
complsh this object. and that such measures
will look to the cutting down of the expeudi-
lures rather that to an increase of the revenue.
Guam Mr Taulor Y1ro.