White Cloud Kansas chief. [volume] (White Cloud, Kan.) 1857-1872, 1858-12-30

twenty nine thousand one hundred and
ninety five dollars and fifty six cents,
(s70, 199, 1866
The expenditures, during the first quar-
ter Of the present fiscal year, were twenty
one million seven hundred and eight
thousand one hundred and ninety eight
dollars and fifty one cents, (S21, 70S, 1885,
81 ); of which one million ten thou
sand one hundred and forty two dollars
and thirty seven cents Isl, 010, 1927
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 fifty two
million three hundred and fifty seven
thousand six hundred and ninety eight
dollars and forty eight cents, 1852, 1851,
69S.4S y making an aggregate of seventy
four million sixty five thousand eight
hundred and ninety six dollars and ninety
nine cents, (ST4. 065. S9699.) being an
excess of expenditure. beyond the estima-
ted receipts into the treasury from ordi-
nary sources, during the fiscal year to the
Both June, 1859, OF three million nine
hundred and thirty six thousand seven
hundred and one dollars and forty three
cents, (S3, 1886, I01.43.) Extraordinary
means are placed by law within the com
mand Of the Secretary of the Treasury
by the reissue of treasury notes redeemed
and by negotiating the balance OF the loar
authorized by the act of l4th June, 1858
to the extent of eleven millions of dollars,
which, if realized during the present ifs.
cal year, will leave balance in the treas.
ury, on the first day of July, 1859, o.
seven million sixty three thousand two
hundred and ninety eight dollars and fifty
seven cents. Isl .063, 29S.57.)
1 The estimated receipts during the nexI
fiscal year ending Both June, 1860, are
sixty two millions of dollars, 1852, 000,.
600, which, with the above estimated
balance of seven million sixty three thou.
sand two hundred and ninety eight dollars
and fifty seven cents, Isl, 063. 29S.57,
make au aggregate for the service of the
next fiscal year, of sixty nine million
sixty three Thousand two hundred and
ninety eight dollars and fifty seven cents,
| (s69, 063, 29S.57.) The estimated ex,
penditures during the next fiscal year end.
ing 30th June, 1860, are seventy three
million one hundred and thirty nine thou.
sand one hundred and forty seven dollars
and fOrty-six cents, (S73.139, 147 .46,
which leave a deficit of estimated means,
compared with the estimated expenditures
for that year, commencing on the LIST Of
July, 1859, of four million and seventy
FIVE thousand eight hundred and forty
eight dollars and eighty nine cents, (S4,.
O75, S4S.S9.)
In addition to this sum, the Postmaster
General will require from the treasury,
for the service of the Post Office Depart.
ment, three million eight hundred and
thirty eight thousand seven hundred and
twenty eight dollars, (S3, S3S,72S,) as
explained in the report of the Secretary
of the Treasury, which will increase the
estimated deficit on the 30th June, 1860,
to seven million nine hundred and four
teen thousand five hundred and seventy
six dollars and eighty nine cents, ISL
914, 5T6.S9.) To provide for the pay
ment of this estimated deficiency, which
will be increased by such appropriations
as may be made by Congress, not estima-
ted for in the report of the Treasury De-
partment, as well as to provide for the
gradual redemption, from year to year, Of
the outstanding treasury notes, the Secre-
tary of the Treasury recommends such a
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 increased by an additional loan, and
would therefore strongly urge upon Con-
gross, the duty of making, at their present
session, the necessary provision for meet
ing these liabilities.
The public debt on the 1st July, 1858,
the commencement of the present fiscal
year. was S25, 155, 977.66.
During the rstquarter Of the present
year, the SUM of 100000 has been
negotiated of the loan authorized by the
act of 18th June, fascinating the
present outstanding public debt, exclusive
of treasury notes, S35, 155, 977.66. There
was on the LIST July. 1858, of Treasury
notes issued by authority of the act of
December %, 1857, unredeemed, the sum
of Sl9, 754, S0O-making the amount of
actual Indebtedness. at that date, $751;
9l0,777.66. To this will be added S10,-
600, 900 during the present fiscal year
this being the remaining half of the loan
of S20S00, 900 not yet negotiated.
The rapid increase of the public debt,
and the necessity which exists for mod
ifcation of the tariff, to meet even the or
binary expenses of the government, ought
to admonish us all, in our respective
spheres of duty, to the practice of rigid
economy. The objects of expenditure
should be limited in number, as far as
this may be practicable, and the appro-
priations necessary to carry them into
effect, ought to be discussed under the
strictest accountability. Enlightened econ.
omy does not consist in the refusal to
appropriate money for constitutional pur-
poses, essential to the defence. progress
and prosperity. of the republic, but in
taking care that none of this money
shall be wasted by mismsnagement, in its
application to the objects designated by
law.
Comparisons between the annual ex-
penditure at the present time. and what
it was ten or twenty years ago, are alto