Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1858-12-09

titled Sndef ariE ia present system Is Sid
ing sale This dsadvap,age Under when prices are
when be lest rsirss tbsir add On the contrary, when
prices fa struggling against adversely the duties
Neither would there Be danger that higher rate duty
than that intended BY Congress could be levied in the form
specific duties: T. would b easy to y the
instead Of subectng it to ad oaorsn duty at certain
rate ceutm to substitute in its place an equivalent
BY such an arrangement the consumer would not be in
jured 1t is true. he might have to pay little more duty
little less in another and in series of these would
counterbaance each other and amount TO the same thing
would be tring when coutrasted with the additional
curity thus afforded against frauds upon the revenue in
which every consumer is directly interested d.
own observation to which Congress- in their better udg
men will give such weight as they may justly deserve
The report of the Secretary of the Treasury will explain
in detail the operations Of that department Of the Cavern
ring the fiscal year ending soth june 1885, including the
tr sury notes authorized by the act OF December 49, 1857
seventy million hundred and seventy three thou
sand eight hundred and sxtynine dollars and fy-nne
cents s6s 59 which amount, with the balance of
seventeen million hundred and ten thousand one
hundred fourteen dollars and twenty cents $7
7lUl4 27 remaining in the treasury at the commence
ment Of the made an for the service Of the
thousand nine hundred and eghtyhree dollars and eighty
six cents Isl, 983.9s3 S6)
The public expenditures during the fiscal year ending
June So 1898, amounted to eghtyone million five hundred
and eghtyve Thousand six hundred and sixty dol
lars and seventysix cents Cssl, 10 ct nine
and dollars ah% gnd
5s s9 applied to the payment Of the public debt and
the redemption treasury with the interest there
on leaving in the treasury July 1853, being the
mencement of the present fiscal year. six million three hum
dred and thousand three hundred aud sixteen
dollars and ten cents ($639S,3l6 lO.l
The receipts into the treasury during the first quarter OF
% o Of
with the premium it, authorized by the act OF 4th
june 1885, were twenty-five million two hundred and thir.
y thousand eight hundred and seventy-nne dollars and
fnrtysix cents s79 and the estimated receipts
for remaining three quarters to the 30th june from
ordinary sources. hiryeght million five hundred
thousand dollars, (sss, 5oo,oGa) making with the balance
bere stated an aggregate Of seventy million one hundred
and twenty.nne thousand one hundred and ninetyhve
dollars and fftv-six cents, ($7n,l29,i95 56.)
The expenditures during the first quarter of the present
fiscal year. were twenty-one million seven hundred and
cents, (ssl 7os 1888 5l,) of which million and
ten thousand hundred and forytwo dollars and hir
Of the public debt and the redemption treasury and
the interest thereon The estimated expenditures during
the remaining three quarters to soth June 1882 fifty
two million three hundred and ftyseven thousand six
hundred and nnetyeght dollars and fOrtyeght cents
6gs as making an aggregate of seventy-fo mil
lars and nnety-nine CENTS s96 s9 being
of expenditure beyond the estimated receipts into the rea
sury from ordinary sources during the fiscal year the
3oth June 1889, of three million hundred thirty
six thousand hundred and dollars and
cents s59s6o 43.) Extraordinary means are placed by
law within the command of the Secretary of the Treasury
by the reissue of treasury redeemed and by negoa
ting the balance of the loan authorized by the of 4h
June; io'n ~ Tue extent Oh eleven milons OF COLLARS
which, il realized during the present fiscal year, will leave
balance in the treasury the first day Of July 1852 Of
seven mTn s @ thousand two hundred and nine
The estimated receipts during the next fiscal year end
ing a'th June 1860 are sxty-two millions Of dollars &c.,
million sxty-,hree thousand two hundred and nnetye:gh
dollars ana cents Isl ohs2 o5) make an ag-
Ir me service OF Inc next seal year. OF
million sXty-three thousand two hundred and ninety weight
dollars and fy-seven cents, (sss 29s SD The est
mae1 during the next fiscal year ending Soh
june sSo are million one hundred and thu
fortysx cent? ts73,ls9,l47 49, which leave deficit Of
lures tor that year commencing on the LIST July l, Of
Jour mnon ana sevenyhve thousand eight hundred and
IN s " 10 n's sun 'ne postmaster GeheTa VII re-
ron Tue treasury "r the service OF the Post Ohce
oa n5ee m'n eah. thou
sane n.noreo ana t"eny-eght DOLLARS $3 >3S72s
~ Inc report "i the Secreary ct the Treasury,
WI" increase the ESTIMATED deheit on the 3oih June
eoo 10 mioh nine hundred and fourteen thousand
I'VE hundred and dollars and eghy-nne cents,
no provide Tor the payment of this estima-
ted deficiency which will be increased BY such appr pa
tons be made by Congress- estimated for the
ePoT Vi the treasury as we'll as to provide
M Inc gradual redemption from year to year. of the out
cmmends such revision OF the present tariff as will raise
the required amount After what have already said
his report that the public debt should not be increased
an additional loan and would therefore strongly ge upon
Congress the duty OF Making at their session. the
necessary provision for Deeting these liabilities.
The public debt on the LIST July 1883. the
ment OF the present fiscal year. was s2, l55,s'766.
During the first quarter of the present year. the of
sooooooo has been negotiated Of the loan authorized by
the act Of 4h June ls5smaking the outstanding
public debt, exclusive of treasury notes.
There was the LIST of July 1855 Of the treasury notes
issued by authority of the act December 49, 1851
deemed, the Of sUO-uakng the amount of &C
na nde3iedness at that date $349loi7766 To this will
be added slooOo" during the present fiscal year this
being tue remaining half OF the loan Of S2oooooco not yet
heg GI c.,r
Inc rapid increase OF the public debt and the necessity
which exists for m"dhcation OF the tariff to meet even
ordinary expenses ut the government ought to admon
sh ALL in respective spheres of duty the practice
of rigid economy The objects of expenditure should be
limited IN number as far as this may be practicable and the
TO be dsbursed under the accommodating Enlioh