The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1858-12-13

os.S3S TAT, ~ explained Ii he report OF Ii
Secretary oil the Treasury, which will ID
crease the estimated de6cit on the 9Oth Jun.
1850. to o7,9ll,678.eo. To provide 70
the payment ol this estimated defcicncy
which will be lncssassd By such appsopris
tons - may be made BY Congress, MOI O
timsted for 10 the report OF the Treasury De
psstmeat, - veil - 10 provide for the sradu
81 redemption, from year TO year, OF the ou,
standing Treasury notes, the Secretary !
the Treasury recommends such revision q
the present tariff - will raise the requires
amount. After what Ihave already said,
need scarcely add thst concur In the opin
lon expressed In his rspors-that the pabli,
deet should not Be increased By IN additiona
loan, and would therefore strongly urge upou
Congress The duty ofmaking, It their pssssn
session, the necessary provisions for meeting
these liabilities.
The public debt on the lst Of July, 1855
the commencement Of the present 6sca
yeas--vss CAS-, 10 ,977 IS.
During the FIRST quarter Of the pressn
year. the sum Of DO COZ, 900 has been nero
tated Of the loan authorized By the Get o
i4iA Of June, l666--msking the present out
standing public debt, exclusive OF treasur,
notes. o35, l1b ,077.66. There was on the
first Of July 1858, OF treasury mates issued by
authority OF the oct OF December 23d, 1857
unrsdesmcd, the sum OF ol9,76l 500 max.
ing the amount Of sctuai Indebtedness. 4,
that date, o64,9i0,777.66. To this will be
added ol0, 900 900 during the present fiscal
year--this being the remaining half OF the
loan Of e00. 900 900 not yst negotiated.
The rspid increase Of The public debt, and
the necessity which exists for Z modification
OF the tarlh. TO meet even the ordinary expen.
sss OF the gosernme ut, ought to sdmonish u
oil, IN our respective spheres OF duty, to the
practice Of rigid economy. The objects Of
expenditure should Be limited In number, q
far - this may b practicable, and The sp-
preparations necessary to carry them into e.
feet ought TO be disbursed under the strictest
accountability. Enlightened economy does
not consist IN the refusal to appropriate mon
~ for constitutional purposes, esssasial 70
the defence, progress and prosperity Of the
republic, but In taking care that none OF this
money shaii be waited BY mismanars me Mt.
10 it, application to the objects dssignassd b.
Nv
Comparisons between the annual ernen.
diture at the present time, and What Il was
len or twenty years ego, are altogether fslla-
c'ous. the rsptd increase Of our country 10
extent ana population, rsudsfs covrsspon-
n'ng increase OF expenditure. TO some extent,
unavoidable This = constantly creating
new OBJECTS Of expendisse, and augmsnting
Inc amount required Tor the old. The true
quesuons, tnes, are, havs these objects besa
multiplied! or, has The amount
EXPENDED upon any o. Gil Of them, bsea larg-
~. - M 49, sco 10
= -" I.Ss -. 49," plnss1Iss, tne eeads
!. s -. !. 49, snU o. she
~, s..s... ~. - -. SNsss 20 1900
49,. ....s..1 l~..-... ....sAy esr 20 We
'@.... 49,. -. ....." .ns WIN sne
1880 :. 80 -. - =. sssy tney
~ r..~s...a. sco.omy.
. "a ..s...sH ~ = ~ I.su' w Nsvy,
49,. ~. 49,. "svs escu eeeo -
~ Ieeocssi snd un'ess sodses
=. u ...,.s e%eseIc :noalo mise, u 2
~ ~ ."R.1eI M. uenc'eney wiH exist 10
..~. TNA> NJ. ~ u. n.-.-..
!. 80 =. lne 80. inc DeRsrtment y pi.c-
!. :" pesunn p0s'.on' a'nefsns rom ths
'ncI s.p'sn"' ana 20 snss snail hssesi'
=. .0'sl
! invlas CoaeFee - institute rigid scru-'
my % assssessa whether the expenses 10 u
he dspertnenss csnsot be still further rsdul
led; and promise them oil the cid In my
power 10 pursuing The investigation.
transmit herewith the reports made TO
ne ~ inc Sscrat.nes Q, War, Of rhe Nsvy.
:, =. Ms 'nssriof, enc tns roetmsfsss usnsssl-
l"ey eson con.1n ys,vso'e 'n'o9manon and
), : po..ss. Aons' 70 wnicn invhe
nc s"s1ues q 1ongfess.
10 ny last annual message Itook occasion
. recommend the immediate construction OF
en- small steamers, light draught, ..for the pur-
nose OF increasing the e6ciency Of the navy.
Congress respondsd 10 the Recommendation
y authorizing ths construction Of eight Of
hem. The prcgress which has been made
. executing this authority b stated in the
'epcst Of the Secretary Of Navy. concur
With him In the opinion, tnsts greater num-
'er OF this class Of vessels = necessary for
he purpose Of protecting in more efficient
manner the psssoas aad property Of Amsri-
an citizens % he Nh soas. aa1 In foreign
- well - u gunrdlng marc effect
'aIiy our own eeests. aoooe6ksgly rscsm-
mend the passage - O - - this purpose.
The suggsseisas eooeainod b To report OF
M 0oARAfavv M8R ~ InAno2ew nnmna{a NJ, ekx~~