The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-05-26
Fhe FEDERAL Finances Condition and Pros-
psss. 81 the Tseasasy.

rhe FEDERAL F1napces--Conditson and Pres
pest. Of the Tseasasy.
xpIYxa FRon the sscssrARY or raR TsnAsuay
TREASURY DsrArrxxyr, May 10, 1905
n view Of The eafy Aj,unmeh, desire 70 Cali Tue
saSs''op Of Congress 10 Inc present. CONDITION I" me
Ia nv annual report estimated that there would be
bslADcs treasury, 81 the end OF The present n-cAi
year Of ya9o s7e o., which would have required de-
Agency N our resources Of I'VE millions Of dollars 70 oe
psey,. ior-As that amount n necessary ~ ali times, 70
b IN ire treasury, Tor M prompt aoa suocessfai opera
~. I'M, es,,ua,e .ss based upon expendure unsci
20 appropriations then satnofsed os h~ since toat
NE semasos upon ,he treasury Tor the present h'cA
yesr have p.en increased BY legislation W an amouot
sol fAr below Millions Of dollars Aoothsr i'm p,fAot
element Of thai eel mate "a. the proo.o recsp from
hs quarters of The fiscal year.
Tss actual receipss period, 1t believed,
viii fail Yen uliious oeos that OBSERVATION-DISCLOSURES W
e thsi he trade and business Of the country hare
rapd from the effects OF The late revu
men aLnci.~isd
Treasury notes. aathonzsd by the act Of December 23,
Is57, viii be enhanced supplying the deficiencies IN
Ne treasury for the present nscsl year.
We shall conmeeoe Dc al year dependent en-
sey upou ,he current Receipts into The Treasury 70 meet
In rep 70 cali BOO the heaas Of the different depart
pso nave received ottcal Information thAi tne sam
q ss7 Oil be probably called for during me nrss
svs lArers next nscA year. TINS sum does not
i,oluae sucn amounts q may be appropriated by Coo
mes over and above The mates submkd 70 them %
maze Tor al n erpeodnres Upoo this point Congress
- ler able W fem . cnrect opinion than Am
fp Hcet tscse expenditures II no. pruoeot 70 rely
pax receipts the treasury, estimated npon the TOO
yapsd revival q uA1e and business. bebeve maj se
nay safely caculase upon reoeip~, during that period
iron al sOurOs, Of as 10000 Looking 70 tns state OF
aslhrs teosnmsnd authority be given 70 this Do
p~rnet, supply any oenciencses thai may arse 10
nee,ng N. demands npon mo treasury ey an additional
han exceeding tib zoos 100.
h Wv u me .moui, q reasury notes already ssusd
frseenmead loan Toe that smoun W be nesousted Tor
Dsroo lbHn sn years, al rse " msrost mot
exoeeon per centosn
have COO Bquiy 70 the two ars, quNr,srs Of
nef.
sAe clio. Of The scoos1 quarter, AID u sfh be Tune
tssn should oooome nsoesssry w provide for
fnsurp cortlLs ences oanfot % be f0rs~een.
4 40 90, r,c snmspd a1y for decreased tara
Nos N -o0id oc uuvse 81 thls tine W sitemit mod
neA,cn O. We 1Sf al OF sArcn D. 1901 for TIE reasons
gwen ~ ms snea report " Con grees. SofaHent tine
kss Gagged the oGScus VI ina -, upoa me
Considering ihs coSauoa Of the cooouy oufiot
Ss p-Trd ~ We s~rAics 10 sdauiao 10 tns consderA
tor pstb tie rec-igts nor t1e ,xpsndt1ree Of ths
s9verDne1 shoula y. es,msisd tor Tine fusure
aoe bass u pxu~eni pss and Deudtures to-
fnwmer have been add are serlou,y afectei ~
Me l.e revason 0Jasfy yoIcy Of legs a,it osset
~ copsid,T.8io PERIOD n uue
me lst,T ave zen greatly Increased by of
nse ,empoTSf'y o1sr-c~r q. 70 preclude, shu equ1
ssura,mr fu,sre espcnh U.. fns met promioeai
OF hose tsmlVrsry oause me Uvo hpsii
sos mn a ssss Sa,os The e,od Of az V over
no~mg treasury . systen Oi expen liture ss iosu
guard u zoe builonF q ou'som hoass, -
soaus.y Tor he o1rptry hG boen checked ~ me ex
Ia s,sd oandiao1 a IN fressvrg Zoe time thls given
Cos note thorough AID rs aqury 1tp NE necessity
pfopriety uf tuese srp D3itures n 10 soGndeuty be
bsvec vii zeal w upsry reforms. Re reach
10 osb-r brsLchet pubic service Gao, ana
have 20 doutt VII be 90 RED. Ausnon should bs d.
re I'D moe ~ ne re luou Of Expenditures mao "
Bcrease q TAXATION ~ reDecy tn. ~ exoess
werp~poisnves vv.r ,he mssns 81 me soverBnsnt
frh treasury " an unIroStnUs ell 8ent ~ors OF
vozre.cnmepi All rsorm. N InssenTes should be no
saa,sed W provide tns treasury snty n
ss0sl 10 p,ssevt demsnos u, nigh, relieve The
sovernm.n, iron soms Of ~ nesr, s-suens, bat ~oud
Tres,y wesss The .nort 70 resvsn ne govefnIosns "
~.rtcgnical srlenditUr. ~ the yuOic money
ne revival OF basnes, winch canoot ne mush Longer
s.'rved viii. I am cou0tept, insure from the peeent
a asuIisot revenue for me slP2ori Of The govern
xeft 10 Oroiptry pmfs.
s.rd' y sxocn 81 rendered necessary by csus.-
~1,sIly exirsor1D-fyi Ausys beng o. tmpofry
a-stler -. - -, -
tauruclee - &c pAp n require Syument or Illus
~ator Cnly teoesesry 70 cali ATTENTION 70 u 70 com
s.a.d ne Al pross. every ntsitssnt mind.
LNWLLL UOBB, Secretary Of the resSy