Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1858-12-24

present fiscal year, six million three hundred
and ninety-eight thousand three hundred and
sixteen dollars and ten cents, t$6, ,398,316 10.l
I The receipts into the treasury, during the
first quarter of tho present fiscal year, COM
mencing the LIST July, 1858, including one-
half of the loan of twenty millions of dollars,
| with the premium upon upon it, authorised by
the of l4th June, 1858, were twenty-five
million two hundred and thirty thousand eight
hundred and seventy-nine dollars and forty-six
cents, t$25, ,230, ,S79 46) and the estimated re-
ceipts for the remaining three quarters to the
! 50th June, 1859, from ordinary sources, are
thirty-sight million five hundred thousand dol
lars, lbs, 800 ,00e,) making, with the balance
! before stated, an aggregate of seventy million
one hundred and twenty-nine thousand one
hundred aud ninety-fve dollars and ffty-six
cents, TO, ,129,l95 56.) -
| The expenditures, during the first quarter OF
the present fiscal year, we're twenty-one nil
lion seven hundred and eight thousand one
| hundred and ninety y-eight dollars and fifty one
cents, 1921, ,79S,l98 81 J Of which one million
and ten thousand one hundred and forty-two
dollars and thirty-seven cents Is ,010, ,l42 81
were applied TO the payment of the public debt
and the redemption of treasury notes and the
interest thereon. The estimated expenditures,
during the remaining three quarters to 30th
June, 1859, are ifty-two million three hundred
and fifty seyen thousand six hundred and
ninety-eighi dollars and forty eight cents, l52,-
33T ,69S 4S, making an aggregate Of seventy
four million slxty-flYe thousand eight hundred
and ninety six dollars. and ninety-nine cents,
/ 1914. .965, 1896 3d. being an excess of cxpend-
ture, beyond the estimated receipts into the
treasury from ordinary sources, during the fs-
cal year to the 30th June, 1859 of three nil.
| lion nine hundred and thirty six thousand seven
/ hundred and one dollars ard forty three cents.
tf$3, ,937.70I a. Extraordinary means are
| placed by law within the command Of The Sc
cretary Of the Treasury, by the reissue of
Treasury notes redeemed, and by negotiating
| the balance of the loan authorized BY the act
Of Nth June, 1858, to the extent OF eleven
millions Of dollars, which, if realized during
the present fiscal year, viii leave BafMce sin
the treasury, on the FIRST day Of July, 1859,
Of seven million sixty three thousand two him
dred aud ninety eight dollars and City seven
cep1ss@f 81 ,UdJ ,1zgS Hz ysss -
The estimated receipts during the next fiscal
! year ehding 30th June, 1860, are sixty two
millions of dollars, 1862 100000, which, with
! the above eshplated balance Of seven ndllion
sixty three thonsand two hundred and ninety
eight dollars and 'ffty sever cents, (7.063, ,29S-
81 )nlake an aggfegate for the service of the
mkt fiscal year, ofAsixty niue million sixty
three thousand two hundred and ninety eight
dollars aud fifty seven cents, 1863 ,G63, ,29S-
ST. The estimated exnenditnres during The
next fiscal year endingS30th June, 1860, are
seventy three millioRone hundred and thirty
nine thousand one Hundred and forty seven
dollars and forty six cents, (73,139,l47 46,)
4 q
pared with the estimated expenditures for that
year, comnencing on the 1st of july 1889, OF
four million aud seventy Eve thousand eight
hundSed aud forty eight dollars and eighty nine
cents, $(4,075,S48 SO. -
TN addition to this sum, the Postmaster Cen
eral will require from the treasury, for the
service of the Post Office Department, three
million eight hundred and thirty eight thou
sand seven hundred and twenty eight dollars
3,83S, 1881 as explained in the report of the
Secretary of the Treasury, which will increase
| the estimated deficit on the Both June, 1860,
to seven million nine hundred and fourteen
| thousand FIVE hundred and seventy SIX dollars
and eighty nine cents, (S7,914,5T6 S9 10
provide for the payment of this estimated de-
! 6ciency, which will be increased by such ap-
1 preparations as may be made oy Congress, ostl-
mated for in the report of the Treasury De-
partment, as we'll ss to provide for the gradual
redemption. from year to year, OF the ou!ssand-
/ ing treasury notes, the Secretary OF the Treas
ury recommends such revision OF the present
tariff as will raise the required amount. After
what have already said, need scarcely add
that concur in the opinion expressed In his
report-that the public debt should not be IN
creased ty an additional loan, and would there
fore strongly urge upon Congress the duty OF
making, at their present session, the necessary
provision for meeting these liabilities.
The public debt on the lst July, 1908, the
commencement of the present fiscal year, was
| $25, ,155,977 GO.
During the first quarter of the present year,
! the sum of $40, 600 600 has been negotiated
of the loan authorized by the act of l4th June
| 1853 making the present outstanding pnollc
debt, exclusive Of treasury notes, 800, loo,94-
GO. There was on tho lst July, 1898, OF
treasury notes issued by authority of the act
of December 20, 1857, uuredeemed, the sum
OF SIS, ,754, 500 making the amount Of actu-
al Indebtedness. at that date, So4,9Iv.ii 90.
To this will be added $l0,000,000 during the
presen, fiscal year-this being the remaining
half of the loan of $20, 100000 not yet nego-
4 tiated.
/ The rapid increase Of the public debt, and
the necessity which exists for a modification
of the tariff, to meet even the ordinary ex-
penses of the government, ought to admonlsh
us all, in our respective spheres of duty, to the
practice of rigid economy. The objects of ex-
penditure should be limited n number, as far
as'thls may be practicable, and the approprla-
tions necessary to carry them into effect, ought
to be disbursed under the strictest accounta-
bihty. Enlightened economy does not consist
in the refusal to appropriate money tor constr
tuonal purposes, essential to the defence, pre-