The national era. [volume] (Washington [D.C.]) 1847-1860, 1859-12-29
No. 678.

three quarters OF the present hscal year TO 30th
June, 1860, are fifty million four hundred and
tEenty-six thousand four hundred dollars,
lS50,426, 1901 OF this amount it is estimated
that five million seven hundred and ffty-six
thousand four hundred dollars ($5, 756, 400) will
be received for treasury notes which may be
rcissued under the fifth section of the act of Sd
March last, and one million Que hundred and
seventy thousand dollars ($l,l70,O00) on &C.
count of the loan authorized by the act of June
Il, lS5S-making six million nine hundred
and twenty six thousand four hundred dollars
(S6, 926, 400 from these extraordinary sources
and forty-three million FIVE hundred thousand
dollars (S43,500,e 00) from the ordinary sources
Of the public revenue--making aggregate,
with the balance in the treasury on the LIST
July, 1889, OF seventy-five million three hun
dred and eighty four thousand five hundred
ard tortyon dollars and eighty-ni cents
lSI5,3S4 54l.89) for the estimated means of
the present fiscal year ending Both June, 1860.
The expenditures during the first quarter
Of the present fiscal year were twenty million
seven thousand enc hundred and seventy-four
dollars and seventy-six cents, $50 ,007, ia 16)
Four million six hundred and sixty -four thousand
three hundred and sixty-six dollars and seventy
SIX cents ($4,664, 366.76) Of this sum were ap-
piled to TIE payment Of interest on the public
debt and the redemption Of the issues Of treas
u-v notes, and the remainder, being fifteen
million three hundred and forty-two thousand
ht hundred and eight dollars, ($I5,352 ,80S,)
were applied to ordinary expenditures during
the quarter.
The estimated expenditures during the re-
naming three quarters, to June 30, 1860, are
forty million nine hundred and pinety-fve thou
sand five hundred and fifty-eight dollars and
tweuty-three cents, $40, 1895, 558.23.) OF which
SUN, two million eight hundred and eighty-six
thousand six hundred and twenty-one dollars and
thrty-iour cents (S2,S86, 62l.34) are estimated
for the interest of the public debt. The ascer-
tanned and estimated expenditures for the fiscal
YEAR ending 30th June, 1860, on account of
The public debt, are, accordingly, seven mil
hon i've hundred and fifty thousand nine hun
dred and eightyeight dollars and ten cents
($7, $50, 9S810;) and for the ordinary expendi.
lures Of the Government, fifty-three million four
hundred and hity-one thousand seven hundred
and iorty-four dollars and eighty-nine cents,
(Sj3, i5l, 74489,) making an aggregate of
s,XJy-one million two thousand seven hundred
and thirty-two dollars and ninety-nine cents,
lSjl ,O02, 73299;) leaving an estimated balance
iu The treasury on the 30th June, 1860, of
fourteen MILLION three hundred and eighty-one
Thousand eight hundred aud eight dollars and
forty cents, (Sl4,3Sl ,S08.40.)
lac estimated receipts during the next fiscal
year ending Both June, 1861, are sixty-six mil
dollars, 500, 225 ,G00,) which, with the balance
estimated, before stated, as remaining in
the treasury on the 30th June, 1860, will make
an aEgregate for the service OF the next fiscal
year Of eighty million six hundred and six thou
sand eight hundred and eight dollars and forty
cents. $3.50, coo, S0S.40)
The estimated expenditures during the next
fiscal year ending seth June, 1861, are sixty
Dix million seven hundred and fourteen thou
sand nine hundred and twenty-eight dollars and
seventy nine cents, (S66,7l4 ,928.79) OF this
amount, three million three hundred and eighty
SIX thousand six hundred and twenty-one dol
lars and thirty-fonr cents 1886, 62l.34) will
be required to pay the interest the public
debt; leaving the sum of sixty-three million
three hundred and twenty weight thousand three
hundred and seven dollars and forty,fve cents
(S63.32S, 307.4j) for the estimated ordinary ex-
perditures during the fiscal year ending 3Oth
June, 1861. Upon these estimates, bal
a'ce will be left in the treasury on the 30th
J42e, 1861, of thirteen million eight hundred
and ninety-one thousand eight hundred and
s,ventynine dollars and sixty-one cents
l$l3,S9I, S79.6l.)
But this balance as we'll as that estimated to
remain in the treasury on the LIST July, 1860,
wIii DE reduced by such appropriations shall
be made by law TO carry into effect certain In
dan treaties during the present fiscal year,
ahed for by the Secretary of the Interior, to
tAe amount of FIVE Hundred and thirty -nine
thousand three hundred and fifty dollars,
lS5"J,3j0,) and upon the estimates Of the
Postmaster General for the service of his De-
pariment the last fiscal year, ending 30th June,
l-5}. amounting to four million two hundred
and ninety-six thousand and nine dollars,
lSi.296,009) together with the further estimate
o.. that officer for the service of the present fs-
Cal year, ending seth June, ! $50, being five
million five hundred and twenty-six thou
sand three hundred and twenty-four dollars,
.>5,52G324,) making an aggregate of ten mil
HoA three hundred and sixty-one THOUSAND six
hundred and eighty-three dollars, SIC, 1861 $685.
Should these appropriations be made as
re4r ested by the proper Departments, the
baante in the treasury on the Both June, 1861,
Vii not, it is estimated, exceed three million
fvs hundred and thirty thousand one hun
drel aud ninety-six dollars and sixty-one cents,
$3.50, l96.6l.)
! transmit herewith the reports of the Secre-
tsries OF War, of the Navy, Of the Interior, and
OF the Postmaster General. They each con-
tain valuable Information and important recon-
mendations we'll worthy of the serious con-
sldeTa,ion of Congress.
i will appear from the report of the Secre
t'ry Of War that the army expenditures have
been materially reduced by system of rigid
guaranty that the-reduction will be permanent
The estimates of the Department for the next
have been reduced nearly two millions of dol
lars below the estimates for the present fiscal
Year, half million of dollars below the amount
granted for this year at the last session of Con-
sress.
The expenditures Of the Post Office Depart
ment during the past fiscal year, ending on the
J0th June, 1859, exclusive OF payments for
mail service specially provided for by Con-
gcess out of the general treasury, amounted to
Si9644 1888, and its receipts to 81 1868, 4S4.07
showing a deficiency to be supplied from the
treasury of$6, 800 009 26, against s., 235, 677l5
for the year ending 30th june 1858. The in
creased cost of transportation, growing out of
TIE expansion of the service required by Con-
gress explains this rapid augmentation OF the
eNpenditures. 1t is gratifying, however, to OBJ
serve an increase of receipts for the year end
ing on the 3Oth June, 1859, equal to S4S ,6sl.2l
compared with those in the year ending on
al,l June, 1888.
lt is estimated that the deficiency for the
current fiscal year will be S5,9SS, 424.04, but
that. Tor the wear ending 30th June, 1861, it
wall not exceed 81, "a, 1880, should Congress
adopt the measures of reform proposed and
urged by the Postmaster General. Since the
m1.;h Of March, retrenchments have been
maize in the expenditures, amounting to
Sl,>-6,l7l annually, which, however, did not
AAe elect until after the commencement OF the
Present fiscal year.
he period seems to have arrived for deter
| mnug the question whether this Department
snail become permanent and ever-increaslng
Charge upon the Treasury, or shall be permit
f..N IL A. a. h.ah