The Portage County Democrat. [volume] (Ravenna, Ohio) 1854-1868, 1859-12-28

er in their discretion to authorize, and without proy
Of Treasury notes which have been already ssned
In the event OF deficiency which consider probable,
this ought never to Be supplied by resort to additional
loans 1t would be runous practice in the days of
peace and prosperity to go increasing the national
debt to meet the ordinary expenses of the Government
rms Pollcy would cripple our resources and
impair our credit In case the existence of war |
should render it necessary to borrow money |
Should snch adehciency occur as Iapprehend; |
weuld recommend that the necessary reve-
nue. be raised by an increase of our present |
duties on imports. need not repeat the opin. |
ion 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 TREASURY.
The report of the Secretary of the Treasury |
Will explain IN detail the operations of that De-
partment of the Government
The receipts into the Treasury from all sources /
during the fiscal year ending June so, 1859, in |
cluolng the loan authorized by the act of June |
IA, 1858, and the issue of treasury notes authori.
zed 6y existing laws, were eighty million six
hundred and ninety-two thousand four hundred |
and seyenty-one dollars and one cent, (ss1,6
AL 0l,) which sum, with the kbalanoe of six mil
lion three hundred and ninety eight thousand |
three hundred and sixteen dollars and ten cents |
($6, ,3ss,Sl6 10y remaining in the Treasury at the
commencement of that fiscal year, made an ag- |
gregate for the service of the year of eighty
eight millions ninety thousand seven hundred
and eighty-seyen dollars and eleven cents, (sss,-
090,1S7 1l.)
The public expenditures during the fiscal year
ending 30th June, 1859, amounted to eighty
three million seven hundred and fifty-one thou
sand five hundred and eleven dollars and fifty
seven cents (S83,751.511 3D. Of this sum sew
enteen million four hundred and five thousand
two hundred and eighty-fiye dollars and forty
four cents (sl7 ,4e5 ,Ss5 40 were applied to the
payment of interest on the public debt and the
redemption of the issue of treaty notes. The
expenditures for all other branches of the public
service during that fiscal year were therefore
sixty-six milnon three hundred and forty-six
thousand two hundred and twenty-six dollars
and thirteen cents 1851, ,34e, ,226 49,.
The balance remaining in the treasury on the
lst July. 1859, being the commencement of the
present fiscal year, was four million three hun
dred and thirty-nine thousand two hundred and
seventy-fve dollars and fifty-four cents (s4 $780,,
275 54)
The receipts into the Treasury during the first
quarter of the present fiscal yoar commencing
July l, 1859, were twenty millions six hundred
and eighteen thousand eight hundred and sixty
five dollars and eighty-fve cents, 1920, 6ls, 1865
S5.) Of this emount three million eight hun
dred and twenty-one thousand three hundred
dollars was received on account of the loan and
the issue of treasury notes.-the amount of Sl6-
| 797, ,565 S5 having been received during the
| quarter from the ordinary sources of the public
| revenue. The estimated receipts for the re-
naming three-quarters of the present fiscal
year to 30th June, 1860, are S50,426, 400 of
this amount it is estimated that $5, T56,400 will
be received for treasury notes which may be re-
issued under the fifth section of the act of 3rd
March last, and 81, ITO 900 on account of the
loan authorized by the act of June IA, 1853
making Sc, ,926, 400 from these extraordinary
sources, and $43, 100000 from the ordinary
sources Of the public revenue-making an ag-
gregate, with the balance in the treasury on the
lst July, 1859, of SIS, ,34S, ,54l 80 for the esti-
mated means of the present fiscal year ending
! Both June l860
The expenditures of the first quarter of the
fiscal year were twenty million seven thousand
enc hundred and seventy-four dollars and sew
enty six cents, $3.50, 0,oO7,l74 76l Four million
six hundred and sixty-four thousand three hun
dred and sixty -four dollars and seventy-sx cents
| 4,664.364 76) of this sum were applied to the
payment of the interest on the public debt and
| the redemption of the issues of treasury notes.
and the remainder, being fifteen millions three
hundred and forty-two Thousand eight hundred
and eight dollars ISIS, ,342, ,s0s,) were applied
to ordinary expenditures during the quarter
The estimated expenditures during the remain
ing three qurters, to June 80, 1859, are forty
million nine hundred and ninety-fiye thousand
five hundred and forty-eight dollars and TWEEN.
ty-three cents, ($40,995,55s 23). Of which
sum two million eight hundred and eighty-six
thousand six hundred and twenty-one dollars
and thirty-four cents ($2, ,ss6, 62I S4) are esti-
mated for interest On the public debt. The as
certained and estimated expenditures for the
| fiscal year ending June 80, 1860. on account of
the puhlic debt are. accordingly. seven million
five hundred and fifty thousand nine hundred
and eighty EIGHT dollars and ten cents, $780,
9SS 10y and for the ordinary expenditures Of
the Government flfty-three million four hun
dFed and ffty-one thousand seven hundred and
forty -four dollars and eightv-nine cents, 49,
49l. S44 S9l. making an aooreoata Of s;ytvNona
million two thonsand eays1, b3,rdrad o,S +h;r
80 do,Io,, o,,d s,'. ooa
sy,emo ~ uo,iis auo nihetyhine eenss lSoi
tSz 9sE leaving an estimated balance In the
treasury of on the Both June, 1862 of fourteen
million three hundred and eighty-one thousand
eight hundred and dollars and forty cents 1914
ISL. sos 4Ol w
The estimated reoeints f,,r;no, the naxt f,sosl
go ~, - antI T.. 1oeI s.e - $50
IT,. t,,.o S,'uS.as e % nii
i,ouo wv Iscn no no eIousano
oonars, lSoo, A1o'ooo,) Wnleh, Win the paiance
estimated as before stated as remaining IN the
treasury on the aoth June, 1860, will make an
aggregate for the service of the next fischl yoar
! eff eighty million six hundred and sly Thousand
eight hundred and eight dollars and forty cents
fSa0 eO6 aao Ao1
Grbe es,;n,ataS .,rand,.,,ro. d,,u;. A..
fiscal xesr ending s6th Jnna 1ss1 me-
millions seven hundred and fomrfsen thonsond
nine hundred and twenty-eiobt dollars and sew
enty-nine cents Is66,714.s2s 799. OF this
+ amount, three millions three hundred and eighty
six Thousand six hundred and twenty lone dol.
al.,,;noa ~ ,,. az 80 leoooioAi o11 "iI pe
leaving the sum of sixty-three million three hun.
) dred and twenty weight thousand and three hun
dred and seven dollars and forty Ave cents (ss9
32s 3O7 An for the estimated oyd;nary asJ
q, .es d,,r;n - n q e sol 80, J; y,o., -
issI Tno5 these sstmates hals,ce so'r Iv;, bs
iooi: GP9l slese eseilales las p4lance Wni De
eis IN .he hreasury on sne Sota June, looi' OF
, thousand afght hundred and seventy-nine dollars
and sixtv-one cents (S13, ,s9l, ,S76 ely