Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1858-12-06

6ftv-nine cents $40 273 $50 so which amount with
the balance seventeen million hundred and ten
thousand one hundred and fourteen doars and twenty
seven cents Sl7 10 III "a remaining in the treasury
at the commencement of the year made aggregate for
the service tie of eghtyscven million nine hun
red and eghtvthrec thousand nine hundred and eighty
three dollars and eghty-six cents tsST 9s3,995 So
The public expenditures during the fiscal year ending
June 80 1855 amounted TO eighty million five hun
drcd and eghty-fve thousand six hundred and sixty
seven dollars and scventysiX cents Ss 5s5 6GI TO- of
which niue million six hundred and eghtyour thou
sand FIVE hundred and thirty dollars and ninety
nine SO, 6s4 53 99 applied to the payment
of the public debt and the redemption OF treasury notes
with the interest thereon leaving in the treasury on July
|, 1885 being the commencement Of the present fiscal
year. six million three hundred and ninety eight thou
SIND three hundred and sixteen dollars and ten cents
,sG. 90, SIC l0.)
The receipts INFO he treasury during the first quarter
Of the present cal year commencing tn lst July 1855
including hall of The loan Of twenty millions OF co.
lars with the premium upon IT, authorized by the ACT oi
l4th June, ISIS, were twenty-five million two hrndteH
and Thirty thousand sight hundred and sevety-nc dol
lars and fortysx cents tS2j 80 46, and the est
mated receipts for the remaining three quarters 10 the
3ntll June 1859 from ordinary sources are thirveSht
million five hundred thousand dollars, ls3s, 500 600
making with the balance before stated an aggregate OF
seventy million one hundred and twenty nine Thousand
hundred and ninety five dollars ana MY SIN cents
$50, l29, l95 So
The expenditures during the first quarter ct tho pres
ent fiscal year. were twenty million seven hundr"
and eight thousand hundred and nincty-eSht dollars
and v.0ne cents S2l, i0S l9S 81 > OF which one NIL
on and ten thousand hundred and fortytwo dollars
and thirty seven cent. slOl0l42 81 were applied to
the payment Of the public debt and the redemption OF
treasury notes and the interest thereon The estimated
expenditures durn- the remaining three quarters t.
3Oth J,ne 1852 ttty-two million three huhlr''
,ni tftv-seren thousand six hundred and nncty-elGI'
collars and forty eight cents So 35l SOS Is. making
N ayrrra,e OF sevenv-t million sxtvve Thousand
eight hundred and nnctv-six dollars and nnetyninc
,ens lS74 065 $50 go being IN excess 81 expenditure
bcvond the estimated receipts int" the treasury from or
narv sources during the r'ca 10 the 3Oth juno,
lsj9 Of three million nine hundred aud thirtySiX thou
sand seven Hundred and onedolars and forty thrcc cents
is2 Q3t 10l As Extraordinary means are placed d!
Law within the command OF the Secretary ot the lrcaSo
w. 10y the ri treasury notes redeemed an ny ne
gotiting the hllance OF the loan authorized by the act
OF tn June 1888 to the extent Of eleven millions o
dollars which if realized during the present fiscal year
will leave balance in the treasury, on the hiS day o
Julv 1889 Of seven million sxtythroc thousand two
hundre and ninetyeght dollars and tltysever cents
iSI ,0G3, 29S 81
Tn. estimated receipts during the fiscal year end
inr Goth June 1850, are sixty-two millions of dollars,
$50 900 OOO which with the above estimated baanc"
Of seven million Xty-thrce thousand two hundred ano
ninety dollars and fifty seven cents 81 005 29s o.
make IN aggregate the service OF the next fiscal year
of syt:-,ine million sixtvthree thousand two hundred
Gnd ninety eight doir and fifty cents 500 065,
2gS 81 The estimated expenditures during the next
fiscal wear ending JDth juno, 1860 seventy three
nil IN one hundred aud thirty nine thousand one nun
rr,i and iortvSeveu dollars and crtysi2 cents, So,
l3a III lGl which leave Il deficit II estimated means,
compared with the estimated expenditures for that year
commencing on the lst OF July 1889, Of four
and seventy thousand eight hundred and fry eight
dollars and cighty-ninc cents ls4.OI5,s So
~ addition to this sum, the Postmaster General viii
require from tho treasury the service OF tho Post ~
ESQ hundred 1
eight th0usa,d srvcn Hundred and twcnycg ht d"urs
So S32 T2S as explained in the report Of the SH"tary
uf the Treasury. which viii Increase tie estimated
rf5i. on the Goth June, 1860. to seven million ninc
hundred and fourteen thousand five hundred and seven
ty,ix dollars and .hyuine Csn,s, 9liiI6 so 70
provide for tho payment OF this estimated Deficiency
which will he iccrclsed by such appropriations may
n made by Congress not estimated for in the report Of
tie Treasury Department. rs veil provide !rr IL,
gradual pton from year year, Of the outsand
ING te my notes the Secretary Of the !rcaSury
rnend slch revision Of the present tariff will raise
the required amount Af.sr what nave already said,
ned scarcely add that in the opinion expressed
in HI, reryrt-that the pubic debt should not he in
creased by IN additional Loan and would therefore strong
II u, mon Congress the duty Of making at their pres
cnt session. the necessary provision for meeting these Id
btics.
The public GcIt on the lst July, ls5S, the commence
mcnt Of the present i-cn year, was s25, l5j.97 G6.
During the first. uator Of the present year the sum Of
bv the act Of lIth June 1858 making the present out
stan ling pubic debt exclusive of treasury notes, $50.
lj59.7 S. There was tho lst July. ]SIS Of treas
nrv notes issued by authority of the act IF December %
1851 unrciccmed. the Of Sl9,7ji e0O-makng tAe
amount Of actual Indebtedness at that date, S5i.9l0,
~ S. To this will be added SO 900 900 during the
present. fiscal year this being the remaining half Of the
loan o! $50 900 900 not yet negotiated.
Tie api increase OF the public debt and the necessity
which exists for I'll notification OF the tariff 10 even
the ordinary expenses OF the government, ought ~ adj
month US all - respective spheres Of duty, 10 The
rraclic OF rigid economy. The Object; Of expenditure
should ne limited in number, far this may be prs-
ticlbe and tho Appropriation, necessary 70 carry them
into effect ought to be dhurScd under the stricest
countabilitv Enlightened economy does not consist in
the refusal to appropriate money for constitutional pur
poses essential the defence progress, ana prosperity Of
The republic but in takin. that OF this money
shall he wasted by misrnanaccn in its Application TO
Ii, objects designated iy law.
Comparisons between the ANNA! expenditure ut the
present time and what 1t was ten or twenty years ago. al"
Altogether facious The mpid increase OF our country
in extent and population renders corresponding increase
of expenditure, To extent unavoidable. This Is
constantly creating objects Of expenditure. and aus
rnerting the anlorAt required for the Old. The true
questions then are have these objects been unnecessarily
multiplied or has expended upon any al
oi them been larger than COMFORTS with due economy
In accordance tcse prn"p' the lead, OF the az!
.crcnt executive Departments OF tn" government lsYc
been instructed o. duce thcit estimates Tor the next is
q, wear T. tn. lowest standard consistent with the c
cency II the service. and this duty the have ncrt"rn"d
ina i!it of lust economy The estimates of the Treas;
rry Var NAVY aud Interior Departments. have each
been in ,rne degree reduced and uI,lr.s n sudden md
unforeseen emergency should arsc. II i not anticipated
that deficiency will exist in che, within the present
the mex; fiscal yc,r The Post Oicc Department is placed
~ peculiar position. different from the other depart
meats and 10 this shall hereafter refer.