The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1858-12-15

thousand dollars, 1888, oOO, ,pO0,) making,
with the balance before stated, an aggregate
of seventy million one hundred and twentyz
nine thousand one hundred and ninety i've
dollars and fiity.six cents ($70, l29, 1876 56.)
The expenditures during the first quarter
OF the present fiscal year, were twenty one mill
lion seven hundred and eighty thousand one
hundred aud nnety.eight dollars and fifty
one cents, (S21, ,7OI ,I9s.5I) of which ore
million ten thousand one hundred and forty
two dollars and thirty seven cents, ($l,ol0,-
14237, were applied TO the payment of the
public debt, and the redemption of treasury
notes.and the interest thereon The estirnai-
ed expenditures, during the remaining three
quarters, 10 30th June, 1859, are fifty.two
million three hundred and fitty-seven thou
sand six hundred and nInety-eight dollars
and forty eight cents, ($52, ,357 sos .4s, max.
ing an aggregate of seventy.four millions
sixty-five thousand eight hundred and ninety
six dollars and ninety y-nine cents, ($74 ,065,-
s96,99,J being an excess of expenditure
beyond the estimated receipts into the
Treasury from ordinary sources, during the
fiscal year 10 the 30th June, 1859, Of three
million nine hundred and thrty-six thousand
seven hundred and one dollars and forty
three cents, (S3,936, ,43.) Ex:raordina-
ry means are placed by law within the COM
mand of the Secretary OF the Treasury, by
the re issue of treasury notes redeemed, and
by negotiating the balance of the loan au.
thorzed by the act of I4th June, 1858, to the
extent oil eleven millions of dollars, which if
realized during the present fiscal year, will
leave balance in the Treasury, on the first
day of July, 1859, of seven million sixty
three thousand two hundred and ninety
eight dollars and fifty-seven cents, ($7 $685.
29S sly
The estimated receipts during the next
fiscal year ending 3Oth June, 1860, are sixty
two millions of dollars ($62, 900 ,0OO) which
with the above estimated balance of seven
million sixty three thousand two hundred
and ninety dollars and fifty seven cents,
(S7 ,063, ,29S, 81 make an aggregate for the
next fiscal year OF sixty-nine million sixty
three thousand two hundred and ninety
eight dollars and fiftv-seven cents, ($69, ,0e3,
29S 81. The estimated expenditures during
the next fiscal year, ending 3Oth of June,
1860, are sevenly-three million one hundred
and thirty-nine thousand one hundred and
fory.seven dollars and Ior;y.six cents, l$73,
139, l47.46,) which leaves deficit of esti-
mated means, compared with the estimated
expenditures for that year, commencing on
the first of July, 1859, of four million and
seventy-five thousand eight hundred and
forty eight dollars and eishty.nine cents,
($4,075, ,S48.89)
In addition 10 this sum, tho Postmaster
General will require from the Treasury, for
the service of the Post Office department
three million eight hundred and thirtY.eight
thousand seven hundred and twenty.eight
dollars, tS3 1898, 1881 as explained in the re-
port of the Secretary OF the Treasury, which
will increase the estimated deficit on the 3Oth
June, 1860, 10 seven millions nine hundred
and fourteen thousand five hundred and sew.
enty-six dollars and eighty-nine cents, ($7, ).
9I4,576,s9) To provide for the payment
of this estimated deficiency, which will be
increased by such appropriation as may be
made by Congress, not estimated for in the
report OF the Treasury Department. as well
as 10 provide for the gradual redemption
from year TO year of the outstanding treas.
ury notes, the Secretary OF the Treasury
recommends such a revision OF the present
tariff as will raise the required amount
After what have already said need scarce.
ly add that concur in the opinion expressed
in his report, that the public debt should moi
be increased by an additional loan, and
would therefore strongly urge upon Congress
| the duty of making at their present session
the necessary provision for meeting these
| liabilities.
The public debt on the 1st July, 1858, the
commencement of the present fiscal year
was $25, l55, ,977 &c.
| 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 I4tt
June, ls58-making the present outstanding
| public debt, exclusive, of treasury notes
S35, l55, ,97766 There was on The ist OF Ju
! ly, 1858, Of treasury notes issued by author
| ily of the act of December %, 1857, un-re
! deemed, the sum of 9,75l ,SO0-makins
the amount of actual Indebtedness, at tina
date, $54, ,9l0.777.66 To this will be addec
$l0,000,000 during the present fiscal year
this beng the remaining half OF the loar
of $50, 900 not yet negotiated.
The rapid increase of the public debt, anC
the necessity which exists for a medication
of the traif, 10 meet even the ordinary ex
| penses of the Government: ought 10 admon
! ish us all, in our respective spheres of duty
| TO the practice of rigid economy. The OBJ
jects OF expenditure should be limited il
number, as far as this may be practicable
and the appropriations necessary TO carry
them into effect ought TO be disbursed unde
| the strictest accountability. Enlightened
| economy does not consist in the refusal tt
appropriate money for constitutional purpo
ses. essential to the defence, progress, ant
| prosperity of the Republic, but taking car,
! that none of this money shall be wasted b,
mismanagement, in its application 10 th'
! objects designated by law.
Comparisons between the annual expen
diture al the present time, and what it wa
ten or twenty years ago, are altogether falla
cious. The rapid Increase of our country il
extent and population renders correspon
ding increase of expenditure, 10 some extent
unavoidable. This is constantly creatin
new objects of expenditure, and augment
ing the amount required for the OLD. TIL
true questions, then, are, have these object
been unnecessarily multiplied or, has th
amount expended upon any or all o. ther
been larger than comports with due econo
my? In accordance with these principles
the heads of the different executive depar
ment of the Government have been instruc
ed 10 reduce their estimates for the next fsci
year to the lowest standard consistent with tn
efficiency of the service, and this duty the
have performed in spirit of just econom,
The estimates of the Treasury, War, M
Wy, and Interior Department have eac
been in some degree reduced and unles
a sudden and unforeseen emergency shoul
arise, it is not anticipated that delicenc
will exist in either within the present or tn
next fiscal year. The Post Office Depart
ment is placed in a peculiar position, diffe
ent from the other departments, and 10 this
shall hereafter REFER
invite Congress to institute q rigid scrut
ny to ascertain whether the expenses in a
| tho daparfnanfa cannof ba atiil rpducad. m