Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1858-12-22
) place an equivalent specific duty.

nave 10 pay little more duty on given
article in one year; but if so, he Would
pay little less in another, and in seriea
ofyears these would counterbalano eaclI
other, and amount TO the same thing, so
far as his interests are concerned. This
Inconvenience would be trifline. when
oontrasted vitw the additional security
thus afforded against frauds upon the rev.
enue, in which every consumer is directly
interested. have thrown out these sua>
gestious as the fruits Of my own observSS
hon, to which Congress, in their better
Judgement, will give such weight as they
may Justly deserve.
The report Of the Secretary Of the Treas,
ury will explain in detail the operations
OF that department Of the government.--
The receipts into the treasury from all
sources during the fiscal year ending 3Oth
June, 1858, including the treasury notes
authorized by theact ofDec. %, 1857, we're
seventy million two hundred and seventy
three thousand eight hundred aud sixty.
nine dollars and ffty-nine cents, (s70,273,
709. 59. which amount, with the balance
of seventeen million seven hundred and
ten thousand one hundred and fourteen
dollars and twenty-seycn cents tSl77IO.
ia. y, remaining in the treasury at the
commencement Of the, year madean aggre-
gate for the service ofthe year eighty.sey-
en- million nine hundred and eighty three
thousond nine hundred and eighty-three
dollars and eighty-six cents 1887, 9S3,983.
SCI
The public expenditures during the fs-
cal year ending June 30, 1858, amounted to
cighty-one million five hundred and eight
ty-iive thousand six hundred and sixty
seven dollars and seventy-six cents, 1881.
5S5, ,G67. 49, Of which nine million six
hundred and cighty.four thousand FIVE
hundred and thlrty.seven dollars and nine
ty-nine cents go, ,537. 99) were applied
to the payment of the public debt, and tho
redemption of treasury notes with the inter
est thereon, leaving in the treasury on Ju-
ly /, 1853, being the commencement of the
present fiscal year, six million three hun.
drod and ninety.c ght thousandthre hun.
dred and sixteen dollars and ten cents,
lS6,39S, SIG. l0.)
The receipts into the treasury, dnring
lie first quarter OF the present fiscal year,
commencing lst July, 1858, including one
hall OF the loan of twenty millions OF dol
lars, with tho premium upon it, authorized
by the act Of | lth June, 1858, were TWEEN.
ty-tive million two hundred and thirty
thousand eight hundred and seventy.nine
dollars and torty-six cents, 1895, ,230,S1
49, and the estimated receipts for the re,
manning three quarters to the 3Sth June,
1899, from ordinary sources, are thirty
eight million five hundred thousand dol.
lars, (S3S, 800, ,OOO,) making, with the bal.
ance before stated, an aggregate of seven.
~ million one hundred and twenty y-nine
thousand one hundred and ninetysfve
dollars and tifty-fix cents, (S70,l 1885,.
56.l ~
The expenditures during the 1st quar-.
ter Of the present fiscal ear were S2I,7O8.
l9S 81, Of which Sl,0l0,l42 81 were ap-
piled 10 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 3Oth June, 1859, are S52,357,.
69S lo, making an aggregate of S74,065,-
$40 %, being an excess of expenditure be-.
yond the estimated receipts into the Trea
sury from ordinary sources, during the fis.
cal year to the G0th juno, 1859, Of s., $780,
6Ol 43. Extraordinary means are placed
by law within the command of the Secre
retary of the Treasury by the reissue OF
Treasury notes redeemed, and by negoti-
ating the balance of the loan authorized
by the act Of II June, 1858 to the extent
.of Sll 100000 which, if realized during
the present fiscal year, will leave bal.
ancc in tho Treasury. on tho first day Of
July, 1859, ofS7 1858, ,29S 81.
The estimated receipts during the next
fiscal year, ending June 80, 1860. are S62,~
100000, which with the above estimated
balance Of 81, 063, 29S 81, make an agsre-
gate for the service of the next fiscal year
Of S69,063 29S 81. The estimated cxpen,
diturc during the next fiscal year, ending
June 30th, 1860, are S73, l39, li7 10, which
leave a deficit of estimated means, compa-
red with the estimated expenditures for
that year commencing on the lst Of July,
1859, of S4,075,s4S SO.
In addition t. this sum. the Postmaster
General will require from tho Treasury.
for the service Of the Post.0ffice Depart
ment SS,S38,72S, as explained in the re-
port of the Secretary oftheTreasury which
will in crease the estimated deficit on the
30th June, 1860, S7,9Ii576 80. To pro
vide for the payment of this estimated de-
deficiency, which will be increased by
such appropriations as may DO made by
Cingress, not estimated for in the report
of the Treasury Department as well as to-
provide for the gradual redemption, from
year to year, of the outstanding Treasury
notes, the Secretary of the Treasury re.
rommends 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 rcport--that the public
debt should not be increased by an addi,
tional loan, and would therefore strongly
urge upon Congress the duty Of making,
at their present sessio1r,the necessary pro-
vision for meeting these Liabilities.
The public debt on the first Of July,
1858, the commencement Of the present
fiscal year, was S25, ,l55,977 sc
During the first quarter of the present
year the sum of Sl0,000,O 900 has been me-
gotiated Of the loan authorized by the act
of l4th o! June, 1858, making the present.
outstanding public debt exclusive Of Trca-