Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1858-09-02
The Government Expenditures.

The Government Expenditures.
No small effort has been made by news
papers in the interests of the Administra
tion to smooth down and cover up the un
exampled extravaganza of tie powers tha
now rule. But the thing cannot be done
The controlling figures of the case have
been officially established, and must stand
The four Quarterly Treasury Statement:
furnish the materials for determining a
once the sum total of the annual receipt:
and expenditures, and, in a condensed
shape, show as follows: ~
The receipts for tie fiscal year 1875
were:
From Customs - s4.7se62s q
From Public Lands 35I37I5 6
From Incidental and Miscellaneous
Sources 1.as4.aaa :,
Total Revenues for the year s4s. .ss7 500 G.
In addition there were borrowed in the
shape of Treasury Notes, still out
standing and constituting perma
nent debt, 10000. 900 o.
Total Receipts of the year. ses5s7.sss 6
The expenditures for the same fsea
year. exclusive of Post Office, were:
For a II purposes s77.s46. .i67 z
OF which the public debt redeemed
and e1iinguished 3,sOa.54s .:
Leaving for ordinary expenditures of
the year s73s4s. .s1s a
But it must DE observed that by the con
tinuance Of pernicious and cUrruptine
practice, tending 10 cover up extravs gance
and deficits, the accounts of the Post Office
Department are not brought into those o.
the general treasury. What sum shoulc
be added to the receipts under the head oi
postage upon domestic and foreign mai
matter,is, of course, yet unknown to the pub.
lie, but it will probably not fall below 81 900
600. The estimated expenditures TOR the
late fiscal year were 2,053 900. The &C.
tual appropriations for the support o. this
great Department during the now curren,
fiscal year. are nearly S2O,ooO,oOO.
But 10 confine our attention for the pres.
EFT to the official figures, partial and imper.
feet as the statement is, we are enabled to
make the following comparison of the &C.
tual Revenue and Disbursements:
Revenue from all sources sI6 6,557 ,569 6C
Disbursements, Except TO the Post
Office, ,l67 II
Actual deficit, s3l ,9ss ,5es II
In the official tables the sum OF $685.
300 is entered upon both sides of the ac-
count as treasury notes re-issued and re.
deemed, over and above the amount of $780,
O0O, 900 authorized by law to be kept out
standing. One part Of the transaction null
lilies the other, and the item only serves
to swell and complicate the account with
out answering any purpose.
Including the Treasury notes originally
issued, and the sum reissued and redeemed,
the following is the official statement OF
aggregate receipts and expenditures for
the year:
Receipts s7O,o73 .s69 60
Expenditures 81 .5SS ,467 IL
Apparent deficit Ii,3lI.5ss IL
As we have no particulars whatever OF
the Post Office service we cannot tell
whether the whole of the enormous deficit
in that department is represented among
the various items which make up the above
aggregate of disbursements; but of this
fact there can be no doubt, to wit: that to
constitute true and complete statement of
the public finances the sum of $1,000 900.
the admitted receipts of the
department, should be added to the account
Of the governments income an to that of
its expenditure for the last fiscal year.
How much more ought to be added to
the side of expenditures, on this account
be known until the full amount of
the Post Office deficiency is made known
by regular report from the auditor of that
department. But adding this enormously
omitted item, we have the above amended
Aggregates:
EsoeppSi,ure. EEsspSiii ss SIS sSe sse ~ ~
In addition to extravaganza in regular
and ordinary expenditure, it must be re-
membered that the Administration, in the
ere alton of debt, has provided a new item
Of permane mt expenditure, which retire ench-
ment and reform cannot extingush. That
is the interest on the money borrowed,
amounting to the round sum OF 81 900 900
a year.
This state of things is repugnant to
every sound principle of national finance,
and is demora izing to the whole Admiiis-
trative system. Inaliena lie mischiefs will
spring from this reckless prodagality, if it
be not arrested 1t is foolish for the satel-
lites of the Administration to hope to gloze
over it's improviden ce, or to divert the res
therefor.--4N. Y. Cour. d Enq
Ten Cents Yard.
The Memphis Aralanche, giving an account
e e L