The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1859-12-30

sued. In the event OF OeHcleuCyJ WHICH,
consider probable, this ought to never be
supplied by resort to additional loans. 1t
would be ruinous practice in the days of
peace and prosperity to go on increasing
the national debt to meet the ordinary ex-
penses of the government. This policy
would cripple our resources and impair our
credit in case the existence of war should
render it necessary to borrow money
Should such a deficiency occur, as l apPre-
bend, / would recommend that the necessa-
~ revenue be raised by an increase of our
present duties on imports. | need not re-
peat the opinions expressed IN my last an
nual message as to the best mode and man
| ner of accomplishing this object and now
shall merely observe that these have since
undergone no change.
The report of the Secretary of the Treas
ury 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 Both
June, 1859, including the loan authorised
by the act Of 14th June, 1858, and the is
sue of treasury notes Authorised by existing
laws, were $9I, So, All oil, which sum,
with the balance of $685. l6 10 remain
ing in the Treasury at the commencement
of that fiscal year, made an aggregate for
the service of the year, of $S8, 900, 1877 II.
The public expenditures during the fiscal
year ending Both June, 1859, amounted to
S83, 75I,5Il 81. Ofthis sum SIT ,405, 1885,
A were applied to the payment of interest
on the public debt and the redemption of
the issues of treasury notes The expendi-
lures for all other branches of the public
service during that fiscal year were there
fore SOC, BAG, 22G l3.
The balance remaining i'll the treasury on
the lst of July 1859, being the commence
ment of the present fiscal year, was S4, $780,
275 "a.
The receipts into the treasury during the
first quarter Of the present fiscal year, COM
mencing July lst, 1859, was $20,GlS,
SG5 s.. OF this amount 81, 82l 800 was
received on account of the loan and the is
sue Of treasury notes.-the amount of Sl6,-
797, 500 50 having been received during
the quarter from the ordinary sources of
public revenue.
The estimated receipts for the remaining
three quarters of the present fiscal year, to
-3Oth June, 1860, are $50, 42G, 400. Of this
amount it is estimated that s., 1856, 400 will
be received for treasury notes which may be
re-issued under the fifth section of the act
! of Sd March last, and : 10000 on account
of the loan authorised by the act of June
IA, DISSEMINATING Sc, 92G, 400 from these
extraordinary sources, and $40, 800, 900 from
the ordinary sources of the public revenue
making an aggregate with the balance in
the treasury on the LIST July, 1889, of
& S75.3s454l 80 for the estimated means of
( the present fiscal year, ending 30th June,
1860.
The expenditures during the first quarter
of the present fiscal year were S20,007, ia
/ &c, S4,664, 300 10 of this sum was applied
Z to the payment Of the interest on the pub
I ,IoI,4 of he of
| treasury notes, and the remainder, being
1872, sos, were applied to ordinary eX
penditures during the quarter. The esti-
mated expenditures during the remaining
A three-quarters, to June 80, 1860, are $780,
/ q95.55S 23 OF which sum 50, SS6, 621 81
/ are estimated for the interest on the public
I debt.
! The ascertained and estimated expendi-
I lures for fiscal year ending 3Oth June, 1860,
on account of public debt are, accordingly,
81, 55O,98S 10; and for the ordinary ex-
Isenditures of the Government, $53, ASH,
| Z44 80, making am aggregate OF SCI, O02,-
! 732 90; leaving an estimated balance IN
I the treasury on the Both June, 1860, of
| Sl4, 3Sl, sos 40.
The estimated receipts during the next
fiscal year. ending 3Oth June, 1861, are
! 500, 225, 900, which, with the balance esti-
mated as before stated, rs remaining in the
Treasury on the 30th June, 1860, will make
( an aggregate for the service of the next fis-
cal year of $50, COG, sos 40.
The estimated expenditures during the
next fiscal year ending Both June, 1861, are
66,7I4,928 10. OF this amount 3, 1856 GIL
"a will be required to pay the interest on
| the public debt having the sum of 60, 32S-
I 307 A. for the estimated ordinary expendi-
| lures during the fiscal year ending Both
! June 1861. Upon these estimates balance
will be left in the Treasury on the Both
] June, 1861, of l3, 89l $40 81.
But this balance, as well as that estima-
| ted to remain in the treasury on the LIST of
| July, 1860, will be reduced by such appro-
/, priations as shall be made by law to carry
\ into effect certain Indian treaties during the
present fiscal year, asked for by the Secreta-
\ ry of the Interior, to the amount of $780,
\ $50, and upon the estimates of the Post
/ master General for the service of his De-
/ partment the last fiscal year, ending Both
I June, 1859, amounting to 1926, 900,
| together with the further estimate of
that officer for the service of the present
fiscal year, ending 30th June, 1860, So, 526,-
I 324, making an aggregate of Sl0,36l, G83.
Should these appropriations he made as
requested by the proper Departments, the
! balance IN the treasury on the 30th of June,
$50, 1876 81.
transmit herewith the reports of the
Secretaries of War, of Navy, of the Interior,
and of the Postmaster General. They each
contain valuable information and important
! Recommendations well worthy the serious
| consideration of Congress.
1t will appear from the report OF the Sec
/ rotary OF u ar that the army expenditures
have been aaaterially reduced by system
of rigid eeO&Smy, which, i'll his opinion, of
fers every s6&rantee that the reduction will
be permanent. The estimates of the De
partment for tho next have been reduced
nearly two millions of dollars below the
estimates for the present fiscal year, and halt
million of dollars below the amount
granted for this year at the last session OF
Congress
The expenditures of the PostOffice De-
partment during the past fiscal year, ending
on the 30th June, 1882 exclusive of pay
ments for mail service specially provided
for by Congress out Of the general treasury,