Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1858-12-08

higher rate of duty than that intended by Con
gress could be levied in the form of specific
duties 1t would be easy to ascertain the aver
age value of any imported article for series
of years, and instead of subjecting it to an ad
valorem duty, at certain rate per centum, tc
substitute in its place an equivalent specific
duty.
By such an arrangement the consumer would
not be injured It is true that he might have tc
pay little more duty on given article in one
year, but if so, he would pay little less in an
other, and in a series of years, these would
counterbalance each other, and amount TO the
same thing so far as his interest is concerned
This inconvenience would be trifiing when con
trasted with the additional security thus afford
ed against frauds upon the revenue, IN which
every consumer is directly interested. l have
thrown out these suggestions as tie fruit of my
own observation, to which Congress in then
better judgment will give such weight as they
may justly deserve.
Te enori of lae Secretary Of the Treasury will explain
in de the operations OF that d. paTtment Of the govern
men, The pts INTO the Treasury from all sources dU
rng the fiscal yesr ending 39th June, ls5S including ht
treasury authorized by the act OF December q IS
were seventy nil Two hundred and seventyree thou
sand eight hundred and s1ty-nlne dollars aud nj y-n
cents $50 73 500 59 which amount with the balace
seventeen 'lnon hundred and ten thousand ont
hundred aad fourteen dollars and twenty cents
ISL no. II ~ remaining IN The treasury Il The comm
ofthe year, made agge te oT the SsITIfe o. th
thousand hundred and eighty three collars and eisht'
The pubic expendtarss during the fiscal year ending
June 30 1855 amounted TO cshty-one mi lion Two hundre
and eighty thousand SIX huud red and slIyseyn dol
lars a sevcntysx CENTS ISL 5s5 Coz 7G,) Of which nine
million hundred and erty thous nd hye hundred
so app led the payment OF the public De b. a The
redemption Of treasury notes with ihe interest thereon
wing lu the treasury July l, le5S, being the
menCemen Of the present fiscal year SIX mll2n lbiee
hundred and niueiyesht touS nd three huudrCd and six
teen r7a111r audi rps = * D
The receipts INTO the tTs uy during he nr qunTter OF
the sent fiscal year, commencing he lSt July ls5s IL
Ifi,s III ~ the loan of twenty millions Of dollars,
with the premium upon It authorized by tho act Of une
18th lss were twenty mi lions two huEdrtd and tli
" tbousad eisht hundred and seventy dollars and
frty-sx cents, 30 SO 80 and the estimated recels
the remaining three quarters 10 the % June lSsy
from -iuarv Sources thie Sht mil l9n hve hundred
Thousand dollars. tS350 OOOl making with me oa2nce
before stated aggregate o seventy lnon on 9u uied
ard ine tho sand one and ninety live dol
lsrs and ffty-sIx CsJ Is, $50, y lso - -,,.
The expenditures curing me N. 'Ie. % ~ 3 ~ p SEM @
fiscal wear were uwsuty-one million sven hqnuttu and
EIGHT Thousand one Eu dLed ah3 Flty tlsn GILS si @
ten hons nd one Iunlred and fortytsO dollars and thi ty
seven cents tsl0lO li2 6l were aipis1 70 ig Ply @ u
the Interest thereon The estimated expenditures turing
i,, iiiin 7bTee Hundred and ffysevel thousand siK
hundred and ninetysIsht dollars a iory-egt ceutS
IIo n us;trd eight hundred and ninety IL dol
lars and ninety cents S4U65 sJ w beS an excess
% ordinary sources during the fiscal yearto the
80 June, 1889 of three MI Ion niue anu telIty
ems "a e 7Gi sSl ETtfa0rdiFary means are plsed by
law w1ihn the command ne See5elaI5 q I5e
ing the ance Of the loan auth rzed hy the ac w l4h
Ju6e IsS 10 the extent Of eleven millions of dollars,
cb saiized lnriug the present fiscal year will leave
baIan IN he treasure the first day OF July, ls59 0!
50 nj lion si1ty:hree thousand wv. hdrGd a. d nine
ghI dollars and fty-s.ven cents (S7 Q IS 81
The estlma ed IS during Inc ne1 I'l year sIls
,0fh June ls60 are sIxts-7yo millions 9l uTds ~ &
nil ythree thousand I'VE na1 @ 80 "a su ,
l0arS aud fifty cents (si eo3s 81 u,the lu a
te IN the Service Of he next fiscal year OF sIxty-uine
ho 3 ~ II cents (sG9 O632 81 The esli
erenditures during the II fiscal year, end'ng 3h
tseu,ard one huudr and fortv-seyen dollars
nd fJrty-siI cents S39li1 46 wnlch LelYg a HeIe oi
ures for that year coumen ing on tue lst Of gy is ot
our million seventy five thousand eight aq95e1 ana ioy
il tiJIlars aid eighty-nine cents Isl OI5e4H ey
In addition to this sum, the Postmaster General
will require from the treasury, for the service OF the
'ost Office Department, three million, eight nun
red and thirty eight thousand seven hundred anu
wenty eight dollars S3,S3S, I25 as eNpalntu IN
he renort of the Secretary of the Treasury, which
yiIl increase the estimated deficit on the Both June,
SEQ 10 seven million nine hundred and fourteen
lousand five hundred and seveuty-slX dollars and
igbtv nine cents TS7. .9I4,576 s9l. To provide for
he Davment of this estimated deficiency, Whlch
ill be increased by such appropriations as may DC
lade by Congress, not estimated In lhe repoIC oI
ne Treasury Department, as wen rs 10 pro'iue tOf
be gradual redemption from year to year, oil the
utstaniing Treasury notes, the Secretary oil the
reasurg recommends such revision OF the pres
at tariff as will raise the required amount Alter
hat have already said, need scarcely add lhat
concur in the opinion expressed IN MS report
lat the public debt should not be increased oy an
iditional loan, aud would therefore strongly urge
ron CONGRESS the duty of making, at their present
assion, the necessary provision Tor meeting these
abilities.
The public debt on the LIST Of July, 1855, the
,mmencement Of the present fiscal year, was
25155, ,977,67.
During the frst quarter of the present year, the
IN Of SlOOC0, ,OOO has been negotiated OF the
an authorized by the act Of fourteenth OF June,
the present outstanding public
,bt, exclusively of treasury notes. $50, ,I55 ,s77,
!. Thee was on the ist of July, 1858, Of
easury notes issued by the act Of December %,
81, unredeemed, the sum OF Sl9,754, ,S60-mak
Q the amount Of actual Indebtedness, at that
lie, S5l,9IO,7T7, &c. To this will be added SlO,-
q, coo during the present fiscal year-this being
e remaining half of the loan of $2O,O0O,OOO
t yet negotiated.
The rapid increase of the public debt, and the
cessity which exists for q modification OF the
riff, to meet even the ordinary expenses of the
vernment, ought to admonish US all, in our
spectivc spheres of duty, to the practice of
81 economy The objects of expenditure
ould be limited in number, as far as this may
practicable, and the appropriations necessary
carry them into effect, ought to be disbursed
der the strictest accountability. Enlightened
onomy does not consist in the refusal to ap ;
opriate money for constitutional purposes, es-
ntial to the defence, progress and prosperity
the republic but in taking care that none of
g money shall be wasted by mismanagement,
its application to the objects designated by
a.
Z ine and what II was ton OF twenty elIs ago, are
lgetheT flacIlus. The rapid increase Of our country
expenditure. to extent, unavoidable THIS IS c II
uy creating objects of eIpendl re and ausa nt-
lie Amount requi ed for the Old The true questions
are have these objects been unnecessarily m 'iped7
haste amount expended upon any or al Of them been
-er than c1mports with due ocOnomyl Ia accordance
~ ne rsyrufaeft have been instructed 10 re
,e thor Csmes for the fiscal year 70 The lowest
udard consistent with the Cfciency II the service, and
duty theg have performed IN spirit ii JUS economy
estimates OF the Treas uIy War, Navy and Int rIor De-
tmeutS have each bten in some degree reduced; and
at anticlraieat adefcency viii exist IN either with
he present rrhe next fiscal year. Pcst Office De
er departments. aad TO this shall hereafter refer.
invite COugress 10 institute Ille sSliihy %
e her the expenses IN al me De sll
therrsduced and promise them all the aid IN my pow
reyiih he reports made me by the Secre
les Of War ofhe Interior OF the Navy and u the Post
ster General They each con am valuable inioiMal
important recommendations 10 which invite the Al
immediate construction Of ten small Steamers OF hight
uEh for The purpose OF increasing the ehclency the
zng the construction OF eight Of them The progress
has been made IN executing TINS authority Is stated
he report the Secretary OF the Nave concur With
the opinion that larger humber o. TINS class ol
Ses IS necessary for he purpose ol po.eeng N a more
oa The hlgh seas and foreign countries as well
guardi.g more efectualy our owT coast accordingly
ommeud The passage of an act for this purpose:
he suggestions contained IN the report of The Secretary
he Interior especially those regard 70 the disposition
lie pub druiin the pension and bounty land system,