Evening star. [volume] (Washington, D.C.) 1854-1972, 1858-12-04

three thousand eight hundred and sixty nine dollars and
hity-nlne cents S70. $50 So which amount with
the balance OF seventeen million hundred and
thousand hundred and fourteen dollars and twenty
seven cents Sl7, ia 27) remaining in the treasury
at the of the year. made aggregate
the service of the year of eghtyscven million nine hun
dred and thousand nine hundred and eighty
three dollars and eighty six cents (ss7 ss3 9s3 s6.)
The public expenditures during the fiscal year ending
June 80 1883 amounted to eighty million five hum
bred and eghty-fve Thousand six hundred and sixty
seven dollars and seventy six cents ssl 667 I6 OF
which nine million six hundred and eighty thou
sand hve hundred aud thirty dollars and ninety
nine cents 80, 6S4, 537 99 applied to the payment
OF the public debt and the redemption of treasury
with the interest thereon leaving in the treasury July
1898, being the commencement of the present fiscal
year. SIX million three hundred and ninety thou
sand three hundred aud sixteen dollars and ten cents
| (S6,39s,3l6 l0)
The receipts into the treasury during the first quarter
OF the present fiscal year. commencing the LIST July 1885,
including onehaf of the loan of twenty millions of dol
as with the premium upon it. authorized by the act Of
l4th June 1858, twenty-five million two hundred
and thirty thousand eight hundred and seventy nine dol
lars and fotysx cents s25 1873 49, and the csti
mated receipts for the remaining three quarters the
3Oth June 1852 from ordinary sources thirty eight
million hve hundred thousand dollars, (S3S, 500 900 }
making with the balance before stated, aggregate of
seventy million hundred and twenty nine thousand
one hundred and ninety five dollars and fftysix cents
$50, l29, I95 SCI
The expenditures during the first quarter of the pres
and eight thousand hundred and ninety eight dollars
and fifty one cents CS2l ,70S, l9S 81 y of which mil
l;on and ten thousand hundred and forty dollars
and thrtyseye cents Isl 0l0 AZ 80 applied
the payment of the public debt aud the redemption
treasury notes and the interest thereon The estimated
expenditures, during the remaining three quarters to
3Oth june 1859, fiftytwo million three hundred
and fifty seven thousand six hundred and nincty weight
dollars and forty eight cents Sj2 1851 69S 49, making
aggregate of seventy million sixty five thousand
eight hundred and ninety six dollars and ninety
cents ga 800 99) being an of expenditure
beyond the estimated receipts into the treasury from
binary sources during the fiscal year to the 30th June
1889, of three million nno hundred and thirty six thou
sand seven hundred and dollars and three cents
(S3,936, IOl 49, Extraordinary means placed by
law within the command of the Secretary of the Teasu
ty the reissue of treasury notes redeemed and by
gotatng the balance of the loan authorized by the act
of l4th June 1885, to the extent of eleven millions
dollars which, if realized during the present fiscal year
will leave balance in the treasury the first day of
July, 1859, OF million sixtythree thousand two
hundred and ninety dollars and fy-ssven cents
81 ,063, 29S 81
The estimated receipts during the next fiscal year end
ing 3Oh June, 1860 are sixy-two millions of dollars
(S62 OOOO OO) which, with the above estimated balance
of seven million sixty thousand hundred and
ninety sht dollars and cents 81 O63 29S
make an aggregate for the service the fiscal year
OF sixty million sxty-thres thousand two hundred
and ninety eight dollars and fifty cents 1863 O63
29S 81 The estimated expenditures during the next
fiscal year ending Both June, 1860 are seventy three
million hundred and thirty thousand one hun
de and fortysevcn dollars aud forty-six cents ,S73
139 l4T 46.) which leave deficit of estimated means
compared with the estimated expenditures for that year
commencing the LIST of July, 1859, of four
and seventyve thousand eight hundred and frtycght
dollars and eighty-nine cents, (s4, 075, S4S S9D
In addition to this sum- the Postmaster General will
require from the treasury for the service of the Post Of
flee Department three million eight hundred and thirty
eight thousand hundred and twenty. eight dollar.
1881 as explained in the report of the Secretary
fhn will
deficit the 30th June 1850 to seven million, nine
hundred and fourteen thousand five hundred and seven
ysx dollars and eighty nine cents, (S7 SO s9D To
provide for the payment of this estimated deficiency
which will be increased by such appropriations as NAV
be made by Congress- not estimated in the repor of
the Treasury Department. we'll to provide for the
gradual redemption from year to year. of the ousta,d
Ing treasury notes. the Secretary of the Treasury recon-
mcnds such revision of the present tariff us will raise
the required amount. After what have already said
need scarcely add that concur in tue nIon
in his report-that the public debt should not in
oroacd by additional Loan and would therefore strong
y urge upon Congress the duty of making at their pres
ent session, the necessary provision for meeting these liza
bilities
The public debt on the LIST July, 1858 the commence
ment of the present fiscal year was SIS I55 977 &c
During the first quarter of the present year. the sum of
1000 900 has been negotiated of the loan authorized
10y the act Of 4h june disseminating the present ont
standing public debt exclusive Of treasury notes $50
lj5,977 CO. There the lst July 1853 of treas
notes issued by authority of the act of December
1891, unredeened the sum of $40 754 SOO-makinc the
amount Of actual Indebtedness at that date SD 90
~ &C. To this will be added $40 600 600 during the
present fiscal yearhis being the remaining half of the
loan OF $50, OOO, 900 not yet negotiated.
The rapid increase of the public debt and the necessity
which exists for modification of the tariff to meet even
the ordinary expenses Of the government ought to adj
monish us ALL IN our respective spheres of duty TO the
practice OF rigid economy. The objects of expenditure
should be limited in number us this NAV be prac
Cible, and the appropriations Necessary to carry them
into effect ought to be discussed under the srctest ac
countablity Enlightened economy docs not consist in
the refusal to appropriate money for constitutional Dur
poses essential to the defence progress and prosperity of
the republic but in taking that none Of this money
shall be wasted by Encouragement in its application to
the objects designated by law
Comparisons between the animal exneu ,;tprs M ,h
present time, and what ten or twenty Years AFRO ARE
altogether faacous The rapid increase of our country
IN extent and population renders corresponding increase
OF expenditure, To some extent, unavoidable This is
constantly creating new objects Of expenditure and aug
mentnS the amount required for the old The true
questions then, are have these objects been unnecessarily
multiplied has the amount expended upon anv or NJ,
OF them been larger than COMFORTS with due economy
In accordance with these principles the heads of the diff
erent executive departments of the government hive
been instructed to reduce their estimates for the m
cal year to the lowest standard consistent with the eff
cheney OF the service and this duty they have performed
In spirit OF Just economy The estimates of the Treas
ury War, Navy, and Interior Departments have each
been IN some degree reduced and unless a sudden and