Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1859-09-28

GOVERNMENT FINANcEs-One of the Washington
correspondents of the New York Times makes the
following exhibit Of the condition of the government
finances:
Those who feel an interest in the financial con.
dition of the General Government can rely lpou the
following statement being authentic, and the data
from which it is drawn official and reliable The
balance OF unexpended appropriations in the Treasu-
ry on the 3Oth June 1853 was four millions below
the balance the year previous, and amounted to
$26, 1S2, O62 81. This balance on the 3Oth June,
1859, amounted 20 S22,455. 99l 81
Special appropriations for year end
ing Both June, 1860, 41,3G7, 500 So
Permanent appropriations for year
ending 30th june 1860, 8497 724 SO
Estimated additional appropriations
for present year, 100000 90
Total, ss1, 1921, Ais 81
Reducing the estimated balance of
appropriations unexpended again,
four millions below the preceding
year, we have $1sOOO,oOO 90
Leaves estimated expenditures for
le39-6o, $63,321, AIS 81
TO meet these expenditures the Government had
a balance in the Trea-
sury, July /, 1859, s4,339,275 81
Balance of loan, 1858, 1,3sO,OOO 90
Treasury notes reiSSu-
able, June 80, 80, 4,953, 200 90
Total available means, July /,
1859, s1o,672. ATS 81
Present estimated receipts from Gus
toms, 62,4ooooO 90
Present estimated receipts from
Lands, 100000 90
Present estimated receipts from
miscel., 100000 90
Estimated means for the year 1859
and 1862 $77,o72,475 "a
Deduct estimated expenditures 1921, 4l5 81
Estimated surplus for the year, $500 ,O59 81
After deduct!ng from this surplus the six millions
required to be retained in the Treasury for Mint pur
poses there still remains balance of ST. 751 059 67
to be applied to the redemption of outstanding
Treasury notes, sum much larger than the whole
amount of notes reasonable on the 30th June last
and it is fact we'll ascertainet, that no notes re-
deemed subsequent to that date will be rcssued at
the Treasury.
If my figures and estimates, drawn from official
sources, be correct, it must be apparent to every
one that the Treasury will be under no necessity to
draw again upon its credit; and that there will not
only be no call for another Government loan but no
other reissue of Treasury notes except a small
amount say two millions of those on hand Goth June
last, and then reasonable as included above in the
available means July !, 1859"
How then will the surplus this year of nearly
fourteen millions of dollar<-with the prospect of
large increase in the future-be absorbed? With
the exception of 100000 the public debt is bearing
an interest Of 5, 81, 81 and per ccnt-and the
holders will regard it frstclasS permanent in
vestment and be reluctant to surrender the stock to
the Government even after the Treasury is in funds
to reimburse it.
What change single twelve month presents in
the condition of our national finances Then every
effort was directed to the raising of revcnue-now
the Treasury Department is already planning for
redemption of the public debt in advance of its ma
turity. Well may our Government stock be eagerly
sought after by capitalists, at home and abroad for
with us pecunary embarrassment must always be
temporary"