The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1858-12-22

article in one year; but if so, he would
pay little less in another, and In series
of years these would eounterbalance each
other, and amount to the same thing. so
far as his interest is concerned. This in
convenience would be trifing when con-
d. trasted with the additional security thus
afforded against frauds upon the revenue,
in. which every consumer is directly inter-
ested.
Il have thrown out these suggestions as
the fruit of my own observation, to which
Congress, in their better judgement, will
give such weigh. as they may justly de.
serye.s sa .s.-ss
The report of the Secretary of the
Treasury will explain in detail the oper-
ations Of that Department of the Govern
ment. The receipts into the Treasury
from all sources, during the fiscal year
ending thh 3Oth of June, 1858, including
the Treasury notes authorized by the act
of December %, 1851, were $7O,273,.
$50. SO, which amount, with the balance
Of $I7,7l0,lI427 remaining in the
Treasury at the commencement of the
year, made an aggregate for the service
ofthe year of $s7, 9s3, 982.s6.
The public expenditures during the
fiscal year erding June30, 1858, amoun-
tedsto $sl, $50, ,667.76, of which SO, ,6S4,-
537.99 were applied to the payment of
the public debt and the redemption of
Treasury notes with the interest thereon;
leaving in the Treasury on July 1, 1853,
being the commencement of the present
fiscal 5ear, Sc, B,39s,sle.10.
The receipts into the Treasury during
the first quarter of the present fiscal year,
commencing the 1st of July, 1858, in
Guiding one. half of the loan of 100000
600, with the premium upon it, authoriz-
ed BY the act Of 14th June, 1853, were
$25,23O,87946; and the estimated re-
ceipts foc the remaining three quarters to
the 3Oth June. 1859, from ordinary sour
css, are s3s,5Oo, 900, making with the
balance before stated, an aggregate of
$10,129,195.56. ----' % =.
3 J
The expenditures during the first
quarter of the present fiscal year, were
$Sl,70S, 1913 81 ;-of which $l,O10,l42,37
were applied to the payment ofthe pub
lie debt and the redemption of Treasury
notes and the interest thereon. The es-
timated expenditures, during the remain
ing three quarters to 3Oth June, 1859,
are $52.357, ,69S 4S; making ON aggregate
Of 81 1905, ,s96.9 SO; being an excess of
expenditure beyond the estimated receipts
into, the Treasury from ordinary sources,
during the fiscal year to the 3Oth June,
1859 of 50. S.936.701.4s - I.
Extraordinary means are placed by
law within the command of the Secreta-
ry,of the Treasury, by the reissue of
Treasury n notes redeemed, and by nego-
cistipg the balance of the loan autheriz-
ed by the act of 14th June, 1853, to the
extent of; eleven million dollars; which, if
realized during the present fiscal year,
will leave a balance in the Treasury, on
the t,s lst dry Of July, 1859, of s7,o6a,-
29s,57, M ,c.,o,ss ,, "a -
The estimated receipts during the next
fiscal year ending Both June, 1860, are
$4,000, 900, which, with the above es-
timated balance ofs7. .o63, 298 81, make an
aggregate for service for the next fiscal year
of$69,O63,29s 81. The estimated expen-
dItures during the next fiscal year en- ling
the Both June, 1860, are $73, .139, l41.
46, which leave a deficit of estimated
means, compared with the estimated ex.
penditures for that year, commencing on
the ,lst July, 1859 efs4,075,s4s.s9. 81,
In addition to this sum, the Postmaster
General will require. from the Treasury
for the service of the Post Office Depart.
ment. $3,83s,728, as explained in the re.
port Of the Secretary of the Treasury
which will increase the estimated deficit
on the Both june, 1860, to $7,sl4,576.
SO. To provide foS the payment of thi,
estimated deficiency, which WIN beincreas
ed by such appropriations as may b,
made by Congress, ) not estimated for il
the report of the Treasury Department, a
well as to provide for the gradual redemp
tion, from year to year, of the outstand
ins Atoasuly uoteS, tne secretary or tn
Treasury recommends such revision O
the present tariff as will raise the requir
ed amount. After what I have alread
said, | need scarcely add that concu
in the opinion expressed in mis- report
that the public debt should not be increas
ed BY an additional loan, and would there
fore strongly urge upon NCongress tn
duty, of making, at their present session
the necessary provision for meeting thes
liabilities.
.an The public debt on the 1st of Jul,
1858, the commencement of the preser
fiscal year, was $a5, ,155,977.66.
ngi During the first quarter of the praser
year, the sum of $lO,000,0OO has bee
Negotiated of the loan authorized by tt
>acts OIL 4th June, 1858; making the pre-
lent outstanding public debt, exclusive
Treasury notes, $35, ,l55,977 sc. The
ywas on the LIST July, 1858, of Treasul
notes issued by authority of the act
December %. 1851, unredeemed, Il