Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1859-12-31

llu0nel cost q Uo0Gp0fon& 0oop4 monot00D o.
s.r and the Necessary supplies iot Tie army .erS.
Pacific coast would Be greater in such war than
he whole amount required to construct the rod
And yet this resort would, alter all b inadequete
or their defence and protection.
We have yet scarcely recovered from the habits
# extravagant expenditure, produced BY our over.
lowing Treasury. during several years prior to the
Of nv administration. The financial |
reverses which No have since experienced ought 10
teach all to scrutinizc our expenditures with The
greatest vigilance and to reduce them to the lowest
possible point The Executive Department. Of the |
have devoted themselves to the accom- |
plshment Of this object with considerable success
IS will appear from their different reports and |
To these invite the scrutiny Of Con. |
gress for the purpose Of reducing them stll lower
lie interests Of the country In aid Of the policy Of
retrcnchment pledge myself to examine closely
the bills appropriating lands or money, 40 that u
any Of these should inadvertently pass both houses
as must sometimes be the case, ! may afford them
an opportunity for reconsideration. At the same
time We ought never to forget that true public
economy consists, not in Withholding the means
necessary to accomplish important national objects
confded to us BY the Constitution. but in taking
that the money appropriated for these purposes
shall be faithfully and frugally expended
1t will appear from the report Of the Secretary Of
the Treasury that It is extremely doubtful to say
the least whether We shall oc able to pass through
the present and the rext fiscal year without pro-
viding additional revenue. This can only be accom-.
plishcd by strictly confirming the appropriations with.
in the estimates Of the different Departments, with
out making an allowance for any additional cxpcn-
ditures which Congress may think proper, in their
discretion to authorize and without providing for
the redemption Of any portion Of the SEQ 000 600 cf
Treasury notes which have been already issued. In
the event Of deficiency, which consider probable
this ought never to be supplied by resort to add
tiOnal loans It would be ruinous practice in the
days Of peace and prosperity to go on increasing the
national debt to meet the ordinary expenses Of the
Government This policy would cripple our rcsour.
ces and impair our credit in case the existence Of
war should render it necessary to borrow money.
Should such deficiency occur rs ! apprchcnd,
would recommend that the necessary revenue be
raised by an. increase Of present duties on i'm
ports 1 need not repeat the opinions expressed in
my last annual message as to the best mode and
manner Of accomplishing this object and SHALL now
merely observe that these have since undergone no
change.
The report of the Secretary Of the Treasury 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 juno. 1859. in.
Guiding the loan authorized by the act OF 18th June
1858, and the issues Of treasury notes authorized
by existing laws were eishty-onc million six hun.
bred and ninety two thousand four hundred and
seventy one dollars and cent ($sl .6oa All o.
which with the balance Of six million three hum
dred ninety eight thousand three hundred and six.
teen dollars and ten cents 6 3l6 l0) remaining
in the treasury at the commencement Of that fiscal
year. made aggregate for the service Of the year
Of lightweight million ninety thousand seven hun.
dred and eighty-seven dollars and eleven crnts
C$sS. O9O, IS7 III
IT, nr,Io .xror, ,;,,,-., d,,-;,. a.. a., $500
ending 30th june, 1859. amounted to cighty.thrcc
| million seven hundred and fifty.onc thousand five
hundred and eleven dollars and fifty-scvcn cents
| 1888, Isl, 5ll So Of this sum seventeen million
four hundred and five thousand two hundred and
eighty five dollars and forty. -four cents ($i7
2S5 ~ were applied to the payment Of the interest
on the public debt and the redemption Of the issues
Of treasury notes. The expenditures for al other
branches Of the public service during the fiscal year
were therefore sixty-sx million three hundred and
forty-sx thousand two hundred and twenty. six dol
| lars and thirteen cents ($66. 346, ss6 13)
The balance remaining in the treasury on the Isl
July, 1859, being the commencement Of the present
fiscal year, was four million three hundred and
thirty thousand two hundred and seventy Ave
dollars and fifty -four cents q 339, s75.s4.)
The receipts into the treasury during the first
quarter Of the present fiscal year. commencing July
1st 1859, were twenty million six hundred and
eighteen thousand eight hundred and sixty.ivc dol
lars and eighty cents GEO Gls Sis s5) Of this
amount three million eight hundred and twenty
ceivcd account Of the loan and issue Of treasury
notes.-the amount Of sixteen million seven hundrct
and ninety. seven thousand five hundred and sixty
five dollars and cighty-ve cents t$l6 797, 500 IS
having been received during the quarter from the or
binary sources Of public revenue. The cstimatcs
receipts for the remaining thrcc-quarters Of tn
present fiscal year to 3Oth June 1890 are fity mill
| ion fnnp hun md fxror ~rl
hundred dollars, $3.50, AZ. 1907 Of this amount
is estimated that five million seven hundred and III
ty-six thousand four hundred dollars (S5, 756, 40
will be received for treasury notes which will be
issued under the 9Th section Of the act Of I'd Marc
last, and one million hundred and seventy tho.
sand dollars (Sl, 900 on account Of the loan
{ thorized by the act Of June II, fascinating 81
million nine hundred and twenty-six thousand fou
hundred dollars C. 9s6, 400 from these cxtTaordns
ry sources, and forty-thrce million five hundrc
thousand dollars -t$43, 1000 from the ortlinar
sources Of the public revenuc-making an aggr,
gate, with the balance in the treasury on the Il
July, 1859, Of seventy-fvc million three huudrc
and eighty thousand five hundred and forty.ou
dollars and eighty -ninc cents ($T5, 3S4, 54l s9) a
the estimated means Of the present fiscal year en-,
ing 3Oth juno, 1860.
| The expenditures during the first quarter Of Ii
present fiscal year were twenty million seven tho,
sand one hundred and seventy. four dollars m
seventysix CENTS CS20, OO7, ia 76) Four millio
six hundred and sixty -four thousand three huntry
and sixtysix dollars and seventy SIX cents O., &C.
366 T6) Of this sum were applied to the paymcnt
/ interest on the public debt and the redemption
the issues Of treasury notes, and the remainder.
ing fifteen million three hundred and forty two tho
sand eight hundred and eight dollars tsi5. sos
Il were applied to ordinary expenditures during Il
quarter. The estimated expenditures during Il
|. remaining three quarters, to June 80, 1850, q
forty million nine hundred and ninety five thousal
five hundred and fifty eight dollars and twenty. thr
! cents, ($40, 995. 55s 23) o. which sum two IN
! lion eight hundred and eighty-six thousand .
= hundred and twenty-one dollars and thirsy.to
z cents ca 1886, 62l 34 are estimated for the intcrs
. on the public debt The ascertaincd and cstimas
expenditures for the fiscal year ending 30th Jur
1860, on acooun Of the public debt arc, according
= seven million five hundred and fry thousand nj
hundred and lightweight dollars and ten cents q
. $50, 1888 1913 and for the ordinary expenditures