The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-12-28

sixteen dollars and cents 3I6 10y remaining
in the treasury at the of that fiscal year.
made aggregate for the service of the year of eighty
eight million ninety thousand hundred and eighty
| seven dollars and eleven cents SSS 090 7S7.u.)
The public expenditures during the fiscal year ending
30h June 1859 amounted to efghtyhree million
hundred and fifty thousand five hundred and eleven
dollars and iftyseven cents SS3751 ,5l157) OF this
seventeen million four hundred and five thousand
two hundred and eighty dollars and orty-four cents
tSl7 05 2S5 Al applied to the payment Of interest
the public debt and the redemption of the issues Of
treasury notes The expenditures for all other branches
of the public service during that fiscal year there
fore sixty million three hundred and fortysix thou
sand two hundred and tweny-siX dollars and thirteen
cents 1850, ,346, ,22613)
The balance remaining in the treasury on the 1s July
1859, being the commencement of the present fiscal year.
four million three hundred and thirty nine thousand
two hundred and seventy five dollars and fifty four cents
The receipts into the treasury during the first quarter
othe present fiscal year commencing July lst 1859
twenty million six hundred and eighteen thousand eight
hundred and sixtyfve dollars add eighty-fve cents
1920 G1S S65.S5 OF this amount three million eight
hundred and twenty thousand three hundred dollars
lS3SZl"OO was received on account OF the loan and the
issue of treasury notes.-the amount of sixteen million
seven hundred and ninety thousand five hundred
and sixy-fve dollars and eightyfve cents ($l6797-
56585 having been received during the quarter from the
ordinary sources of public The estimated
cepts for the remaining hreequaers of the present fiscal
year the 3Oth june 1860 are fifty million four hun
dred and twentysiX thousand four hundre dollars S5O
l00) Of this amount it is estimated that five million
hundred and fftysiX thousand four hundred dol
lars 400 will be received for treasury notes which
be reissued under the fifth section of the of Sd
thousand dollars ($l0000 account Of the loan
torized by the act of June A. 1S5S-makng six million
nine hundred and twcntysiX thousand four hundred dol
lars 400l from these extraordinary sources, and
ortythree million fvehundred thousand dollars (S43-
5OOOO0 from the ordinary of the public
making an aggregate with the balance in the treasury
the ls July, 1859 OF seyentyfve million three hun
dred and eghtyfour thousand five hundred and forty
dollars and eighty cents S5 34 i S9l for the esti
mated means of the present fiscal year ending S0h june
1860.
The expenditures during the first quarter of the present
thousand
dred and seventy four dollars and sevenysX cents (S20
OO7, ,I7476.) Four million six hundred and sixty-four
thousand three hundred and sxysx dollars and seventy
six cents S4 G64 36676l of this applied to the
payment of interest the public debt and the redemp
on of the issues of treasury notes. and the remainder
being fifteen million three hundred and fortytwo thou
sand eight hundred and eight dollars ISIS 42 $685.
applied to ordinary expenditures during the quarter The
estimated expenditures during the remaining three quar-
ters to June 80 1861 forty million nine hundred and
ninety five thousand five hundred and ftyeght dollars
and twentythre cents, $40 99555S % OF which
two million eight hundred and eighty six thousand six
hundred and twentyone dollars ana thirty four cents
debt.
The ascertaned and estimated expenditures the s
cal year ending 30th june 1860 account of the public
debt, are, accordingly, seven million five hundred and
fifty thousand nine hundred and eighty eight dollars
ten cents 1851 0 and for the ordinary Cxpendi
lures of the Government ftyhree million four hundred
and ftyone thousand hundred and forty dol
lars aud eighty nine cents S5345l IA S9O making an
aggregate of sixty million two thousand seven hun
dred and thrtytwo dollars and ninety nine cents (s6,
002 73299 leaving an estimated value in the Treasury
and eighyOne thousand eight hundred and eight dollars
and forty cents, (Sl43S1 ,SO8.4O)
The estimated receipts during the fiscal year end
ing 30th June 1861, sixtysiX million hundred
and twenty-five thousand dollars, SGG 22j 000 which,
with the balance estimated before stated remaining
in the Treasury on the 30th June. 1860 will make an
aggregate the service of the fiscal year of eighty
million Six hundred and six thousand eight hundred and
eight dollars and forty cents 1880 COS, ,S0S4O)
The estimated expenditures during the next fiscal year
ending Both June 1861 sxtysix million seven hun
dred and fourteen thousand nine hundred and twenty
ei QOllrrs
this amount three million three hundred and eighysx
thousand six hundred and twenty dollars and thirty
four cents (S33S662l34 will be required to pay the
interest the public debt; leaving the sum Of sixty
three million three hundred and twenty thousand
three hundred and dollars and forty-fvc
ti63 S2S 45) for the estimated ordinary expenditures
during the fiscal year ending 30th June, 1861. Upon
these esmetes balance will be left in the Treasury
the Both June, 1901 OF thirteen million eight hundred
ninety thousand eight hundred and seventy nine
dollars and sixty one cents t$l3,S9I ,S79 6l.}
But this balance as well as that estimated to remain
the treasury the 1st of July 1860 will be reduced by
such appropriations shall be made by law to carry
into effect certain Indian treaties during the present s
year. asked for by the Secretary the Interior the
of five hundred and thirty nine thousand three
hundred and fifty dollars and upon the estf
the Postmaster General for the service o his
Department the last fiscal year. ending 3Gth June 1859,
amounting to four million two hundred and nuetysiX
thousand and nine dollars tS4 396 0O9 together with
the further estimate of that officer for the service of the
present fiscal year ending 50th June, 1860, being five
million five hundred and twentysix thousand three hun
dred and twenty dollars, ($5526 4 making ag
gregate of ten million three hundred and sixtyone
thousand six hundred and eighty three dollars, $50,
36l .6S3.)
Should these appropriations be as requested by
the proper Departments the balance in the treasury
the Both june 1861 will not 1t estimated exceed three
million FIVE hundred and thirty thousand hundred
nineysx dollars and siXtyone cents ($3 $50 1861
transmit herewithwith the reports the Secretaries
War Navy of the Interior Of the Postmaster
General. They each contain valuable information and
mpOrtant recommendations well worthy the serons
consideration of Congress
1t will appear from report of the Secretary OF War
that the array expenditures have been materially reduced
fcl I,f-
every guarantee that the reduction will be
The estimates Of the Department for the have been
reduced nearly millions of dollars below the est
mates for the present fiscal year, and half million of
dollars below the amount granted for this at the last
session Of Congress.
The expenditures Of the Post Office Department during
the past fiscal year. ending the 3Oth June 1859 cXclu
sive OF payments for mail service specially provided for
by Congress out OF the general treasury amounted to
s4 e64 1898 and its receipts 81 eos 4S407 showing
o deficiency to be supplied @ from the treasury Of s6S96
OO92o against S52o,o77l5 for The year ending 10Th
June, 1858 The increased cost OF transportation growing
out of the expansion Of the service required by Congress
explains this rapid augmentation OF the expenditures 1t
gratifying however to observe increase of receipts
for the year ending the 30h June 1859 equal to 4Sl
69l 81 compared with those in the year ending on 3Oh
June, 1858.
1t is estimated that the deficiency for the current fiscal
year will be o. but that for the year ending
SOh June 1861 it will exceed Sl342 30 should
Congress adopt the of reform proposed and
urged by the Postmaster General Since the month of
March rerenchments have been made in the expenditures
amounting to 81 S2647l annually, which, however, did
take effect until after the of the pres
ent fiscal year The period seems TO nave arrived Tor de
termining the question whether this Department shall be-
permanent and ever-ncreasing charge upon the
Treasurys shall be permitted to resume the self sustain
ing policy which had long controlled its admnistra
ton. The of legislation recommended by the
Postmaster General for the relief of the Department from
its present embarrassments and for restoring it to its
original independence is deserving of your early and ear
nest consideration.
In conclusion would again commend to the just ber-
aty Of Congress the local interests Of the District Of Co
lumhia. Surely the city bearing the name of Washing
and destined trust for ages to be the capital our
united, free, and prosperous Conederacy has strong
claims our favorable regard.
JAMES BUCHANAN.
Tr1v