Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1858-03-29
ss-we are indebted tos.the industriou,

e. We are indebted to-the industrious
Washington correspondent of the Philadel-
phia u S. Gazette for some very interesting
facts in relation to the revenue, the condition
of the Treasury, and the rates of Govern
ment expenditure. Taking the receipts at
the Treasury for the week preceding the 14th
inst, as a standard of comparison with the
preceding month. it is found that no signs of
improvement in foreign trade, or in the sales
of public lands, have been developed. They
were $685., 456 "a from all sources, or inside
of twenty-eight millions year at the same
rate. If this average should continue-and
it has not been equally maintained since Oc-
tober-to the end of the fiscal year in June,
the Secretary will find himself short some ten
millions in his estimate from customs alone
for nine months. The estimated expenditures
of the current year, according to the Treasury
report, are s75,O00,OOO in round numbers.
But Mr.. Cobb in that statement postponed
the payment of existing appropriations for
the service of this year, amounting to Sl6,-
100000, to the year ending the Both of June,
ls59-thus showing forward that big sum of
dead weight year head to relieve a pres
ent embarrassment of official figures. So that,
in point of fact, $91 ,OGO.O6e should have been
presented as the aggregate to be really sup
piled.
The first quarter of this fiscal year, ending
ON the 3Oth of September, and just preceding
the monetary revulsion, produced S2l 900 900,
in round numbers, from customs, lands and mis-
cellaneous sources. Since then the returns
have not much exceeded two millions month
The whole duties received at New York, for
the eight months ending on the 28th of Feb
ruary including the extraordinary quarter
from July to September, were but S20.O5O-
Sl3. Allow two millions month until the
30th of June, and we should have for that
port total Of S28, 900. 600 Add so per cent
for the rest of the country, and lands, and
the aggregate means for the year would be
about $40, 100000, against an admitted ex-
denditure of $75, OOOO which. even keep
ing out of view the Sl6,000.000 of postpon-
ed appropriation already referred to- does not
include deficiency of s7.0O0,O00 now pend
ing in Congress, and rendered imperatively
necessary for the Mormon war.
With these figures, it is easy for the most
Impractical eye to discover that, so far from
there being even the small balance of half a
million, estimated by Mr.. Cobb, at his credit
on the 1st of July next, he will be fortunate
if the actual deficit by not some thirty or forty
millions, which must be met by loan, so far
rs temporarily unsatisfed by the issue of
Treasury notes. These are stubborn facts,
which no sophistry can remove, until a method
of political economy shall be discovered by
some Democratic expert. through which large
debts can be eXtinguished with small means.
Rohbing Peter to pay Paul is now being tried,
| and without much advantage, we have seen,
when Treasury notes are below par, with sixty
or seventy millions of specie in the bank
vaults lying idle, and grinning through the
| iron bars at the CHASTITY government outside.
| Lou. Jour.