New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-05-25
To NEE. these expenditure not pruden, to rely

To meet these sIpepd nres II not prudent 10 rely
upon receipts into the Treasury. estimated up "a the
TO rapid revival Of trade aud business. b-hsvs
that usy safely calculate receipts daring that
period from al sources, OF SIS 200 900 L. T. tn $
sihte If & iDgs recommend tts; su-borty b. given
toibis department 10 supply any dehcie'cy that may
sist in meetipg the demands Don IN. Treasury oy 90
sGdi.or a. iosn tot exceeding slJ,0OO,O0
In yi.w of :he unit If Treasury notes slre.dy
ssued Ir.comme nd loan for tact amount, ~ b, ne
gotisfed for period OF not mere than tao years, q,
rate Of interest not exceed ing D csutun-
have COZ fired this Dq IGv 10 he mrs. Two quarters
Of the De1 fscal year, e. pg ess VIII Fe.se. N Die
before the clo,s Of the second qusre snd II Fi Do
time enough then should Il become eteesAy u pro-
vide for future contingencies toat eanpo, No" De lore
eetn.
do net recommend any measure for increased TAX
alton. II would be ubwise a. this tIDe 10 st'emp.
med .tion Of the Tariff act OF March 1884, Tor tne
reasons given IN my annual report TO Congress oa'
,ent me has not elapsed 10 tsrt the e,c,s u ,nat
act upon fb- revenue considering the nd ton Oh tns
country dulg the period ofi's operation In 400
TO this nscerston, neither The ecep's nor tne eh'
perciures of the Government should ne estm't'a TOT
10 the future upon the basis # .s present reeeips
sno expenditures. The former nave been, ana stu
e too seriously AFT c,ed by the -ts revulslon ~ JUS
tfy policy OF legislation based upon prob sole zoo
tLusnoe Of this .tae Of things for any coasderaoe
period of time.
!. TIE latter have been so greatly Increased by carsss
Ct a ike uporsry character a. to pfeciuie WIN
equal propriety the policy OF cops!deTing tnsh as
basic for estimating fGture eJpeucfures. Inc HIS.
prominent Of these temporary causes Is the Utsn tx
petition, wti.b, it is hoped, will net reach beyond
the end Of the EFT fiscal year Daring tue period oil
an OVERLOOKING IRE asury system Of expenditure wss
msufurs'so il the building of Custom Houses, post-
Offices, Court Houses, and other public works, ~hco,
fortunately for the country, has been checked oy the
sns'.o dn'n Of the Treasury. T.s time thus
given for ore thorough snd rigid ioquiry into the
t'cessiy ard prophecy 1T there expenditures, It %
cor ficeiiy believed, s lead 10 ws- and ssGtary re-
fOIns. RertLcbpeDts in otaer branches OF the pdb-
lc s.rviee cam ard have no doubt will be effected.
Attention should be duecLed more 20 the reduction OF
expenditures than T. an iocreae of taxation TO
remedy the evils OF excess Of tJpen itures over the
mesns Of the Government. full Treasury is an In-
PFC pi;ious element in the work of reireDchment and
Ief,lm. II Measures s-onld be now adopted 70 pro-
woe ire Treasury permanently with snn eqisi TO
tie present demsLds upon i, it might reiisvs the
Governor Mt from some OF its embsrra-s nents, bu.
wcud greatly weaken the effort 10 restrain me Gov
yerrmen. 10 econom cal expenditure Of the public
mercy.
The revival Of business, which csnnot be much
or ger delayed wall am COZ Fl ie0t insure from the
pessut tsIiG sufficient revenue fo- the support OF
The Government in ordinary times.
Extraordinary exp; Mes, rendered necessary by
csuses equally extraordinary, always being OF tenn
p'rary character, should be provided tor 10 Ike
ten porary amer. go
This principle is too plain 70 requi a argu nent or
illustration il is only necessary 70 call at ntipn % i
To commend TIE snprJysl of -ve,y w. i,sr' mind.
lam very respectfully HOWELL COBB,
Secretary Of the Treasury.
Hon. JONI BREcKEyRrDGE tIoe-Pi the UnIted
States aid President OF the S-us.e