Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1858-12-22


June, 1850, are S55, 157 ,6eS 4s, making an
aggregate of $74'065, 906 90, being an ex-
cess of expenditure, beyond the estimated re-
ceipts into the treasury from ordinary sources,
during the fiscal year to the 30th Juue, 1869,
of S3 ,036, ,701 Al. Extraordinary means are
placed by law within the command of the
Secretary of the Treasury, by the reissue of
treasury notes redeemed, and by negotiating
the balance of the loan authorized by the
act of 14th June, 1858, to the extent of S11,
000, 900, which, if realized during the pre-
sent fiscal year, will leave balance in the
treasury. on the 1st day of July. 1889, of
81 .063. .20S 81
The estimated receipts during the next
fiscal year ending 30th June, 1860, are $62-
000, 900, which. with the above estimated
balance of 81 ,063 16S 81, make an aggre
gate for the service Of the next fiscal year
of SOS, ,063 298 81. The estimaed expend-
itures during the next fiscal year ending 30th
June, 1860, are S13 ,139, ,147 46. which
leave deficit Of estimated means, compared
with the estimated expo nditures for that year,
commencing on the 1st of July. 1859, of
Sl,075, ,S48 80.
In addition to this sum, the Postmaster
| General will reqnire from the treasury, for
The service of the Post Office Department.
| So, ,S3S,7 ,728, as explained in the report of the
/ Secretary ofthe Treasury, which will increase
! the estimation the Both June, 1860, to
| s.. 7.914, $40 50. Toprovide for the payment
of this estimated deficiency, which will be in
creased by such appropriations as may be made
! by Congress, not estimated for in the report
of the Treasury Depar tment, as well as to
provide for the gradual redemption from year
| to year, of the out outstanding treasury notes,
| t Secretary of the Treasury recommends
such revision of the preye t tariff as Will
raise the required amount After what [
have already said, [ need scarcely add that L
concur in ;the opinion expressed in his re-
! port-that the ppplic debt should not be in
or ased by an additional loan, and would
therefore strongly urge upon Congress the
duty OF maniuE, at their rres eat ses2,,cc.s, suo
necessary provision for meeting there liabil-
tiles.
The public debt on the 1st Of July, 1858,
the commencement Of the present fiscal year,
was S26, 155, 977 66.
During the first quarter Of the present year
the sum of $40, 600, 900 has been negotiated
of the loan authorized by the act of 14tt
June, 1S5S-making the present outstand-
ing public debt, exclusive of treasury notes
S35, ,155, ,977 &c There was on the 1st o
: July, 1857, of treasury notes issued by au
thority of the act Of December %, 1857
unredeemed, the sum of S19, ,754 900
making the amount of actual Indebtedness, al
that date, S54, ,910,777 66. To this viii
be added SIC, 900 000 during the present
fiscal year-thls being the remaining half Of
the loan Of $40, ,000, 600 not yet negotiated
The rapid increase of the public debt. and
the necessity which exists for modification
of the tariff, to meet even the ordinary cx-
penses Of the government ought to admonish
US all, in onr respective spheres Of duty, u
the practice of rigid economy. The objects
of expenditure should be limited in number,
as far as this may bs practicable, and the ap
preparations necessary to carry them int
effect, ought to b, disb1:s.l under the
strictest accountability Enlightened econ
. omy does not consist in the refusal to appro
= pirate money for constitutional purposes es
+ scntial for the defence, progress and proprl
r ETY. of the Republic, but in taking care tha
none of this money shall be wasted by mis-
management in its application to the object
r designated by law
+ Comparisons between the expenditures a
: the present time aud what it was twent
q wears ago, are altogether tallaclous Th
6 rapid increase of our country in extent an
h population renders corresponding lncreas
= of expenditure, to some extent, unavoidable
j
h expenditure, aud augmenting the amour
+ required for the old The true questions
y then are. have these objects been unnecessa
rily multiplied or, has the amount expende'
O upon any or all been larger than comport
: with due economy? In accordance wit
o these principles, the different executive dc
| partments Of the government have been IL
: structed to reduce their estimates for the ne2
~ fiscal wear to the lowest STANDARD conslster
. with the efficiency Of the service, and tn
i duty they have performed in spirit
;. economy.
" The estimates Of the Treasury, War, Nav
and Interior Departments have each been
|. some degree reduced aud unless sudde
10 and unforeseen emergency should arise, 1t
y not anticipated that deficiency will exi
"a either the present or the next fiscal yea
The Post Office Department is placed In
>, peculiar position, different to the other Il
70 partments. and to this | shall hereafter refe
10 ] invite Congress to institute rigid scr
- tinv to ascertain whether the exp anses In {
80 the departments cannot be still further r
a. duced and promise them all the aid in II
= power in pursuing the investigation.
II I transmit herewith the reports made
me by the Secretaries of War, of the Nav
he Of the Interior and of the Postmaster Ge
u eral, They each contain valuable inform
e. ton aud important recommendations,
he which invite the attention of Congress.
of In my last annual message, took occasl
7, to recommend the immediate construction
ng ten small steamers, of light draught. for
,m purpose of increasing the efficiency of
ng navy. Congress responded to the reco
ate mendation by authorizing the construction
eight OF them. The progress which has b
ar made in executing this authority is stated
IS the report of the Secretary of the Navy
ap- concur with him in the opinion that grea
ind number of this class OF vessels Is necass
for the OF protecting ID mOre