The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1859-12-28

my, INC navy, tne 110tcmrys - enofs eye!y -.
perform their functions II CongTess tofnee -
money necessary for their support 1f thto
failure should teach the country he necoe6ity
enable the President 10 convene thsm = any
emergency, even Immediately nfter the os1
1 Congress has expired, It VIII have been pse-
dnctive OF great good. I'm . time Of sud6en aD1
| all nations must expect to sucountss u thelP
progress. the very salvation Of our iussItu..
| tons may be staked upon tho assemblies ef
Uomsfe,s s, without "a delay e under :1e1 etr.
| In the condition in which he was placed u the
close of the last Congress. with nearIy ha8
the States Of the Union destitute of represen.
1, therefore, recommend to ConeTess q easry
into effect the provisions Of the Copsfitution
on this subject. and TO pass law app0inting
some day previous to the ati March IN eaeh
sentatiyes throughout all the States. They
have already appointed a day for the elecsion
of electors for President and Vice prestdent,
and this measure has been approved By the
country.
wonid again express a most decided opin.
ion in favor Of the construction OF + Pacific
railroad, for the reasons stated In my two last
annual messages When reflect upon what
would be .the defenceless condition or our
States and Territories west OF tho Rocky
mountains in case of q war with q naval pow.
er sufficiently strong to interrupt all Inter-
Isthmus, am still more convinced than ever
of the vast Importance Of this railroad. ! have
never doubted the constitutional competency
OF Of, Congress ;S to provide for its construction.
power. Besides, the Cons litution expressly 70.
quires, as an imperative duty, that athe unf-
ted States shall protect each them (the Ststes)
against inyasion.'' am Mt q loss to conceive
how this protection can be afforded TO CalifOr.
mia and Oregon against such naval power
BY any other means. Irepeat the opinion con.
tanned in my last annual message, that IL
would be in expedient for the Government to
undertake this great work by agents Of itso own
appoin tment and under its direct and exclu.
sive control: This would increase the patron.
age of the Executive to q dangerous extent
and would foster system ofjobbipg and cor.
ruption which no vigilance on the part of Fed
erai officials could prevent. The construction
OF this road ought, therefore, to be intrustsd to
incorporated companies, or other agencies.
who would exercise that active and vieilant
| supervision over which ii can be inspired
alone by sense Of corporate and individual
| interest Iyenture to assert that the additional
| cost of Transporting troops, munitions OF war
| and necessary supplies for the army across
the vast intervening plains to our possessions
on the Pacific coast would be greater In such q
war than the whole amount required to con.
| struct the road. And yet this resort would.
after all be inadequate for their defence and
protection.
We have yet scarcely recovered from tho
| habits of extravagant expenditure produced
| by our overflowing Treasury, during several
years prior to the commencement OF nv ad-
mlnistration. The financial reverses which
| we have since experienced ought to teach us
all to scrutinize our expenditures with the
greatest vigilance, and to reduce them to the
lowest possible point. The Executive pepart-
| ments OF the Government have devoted them
selves to the accomplishment of this object
| with considerable success as will appear from
their different reports and estimates To these
invite the scrutiny of Congress, for the pur-
pose of reducing them still lever, IL this be
practicable, consistent with the great public
Interests of the country. In aid Of the poIicy
OF retrenchment pledge myself to examine
closely the bills appropriating lands or money,
SO that if any of these should inadvertently
pass both Houses, as must sometimes be the
case, may afford them an opportunity for re.
consideration. At the same time We ought
| never to forget that true public economy con.
sists, not in withholding the means NECESSARY
| to accomplish important national objects con.
fided to us by the Constitution, but in taking
care that tine money appropriated for these
purposes shall be faithfully aud frugaliy ex.
! pended
1t will appear from the report Of the secre-
| tary of the Treasury that IL is extremely
doubtful. to say the least, whether we shall be
| able to pass through the present and the next
fiscal year without providing additional re-
| venue. This can only be accomplished BY
strictly confining the appropriations within
| the estimates of the different Departments
| without making an allowance for any addi.
| tional expenditures which Congress may think
| proper, in their discretion, to authorize, and
| without providing for the redemption OF any
portion of the $20,u00, 900 of Treasury notes
| which have been already issued. In the event
| of deficiency, which Iconsider probable this
| ought never to be supplied by resort 70 I'd.
| ditional loans. Itwould be aruinous practice
| in the days OF peace and prosperity to 20 on
| increasing the national debt to meet the ordi.
nary expenses of the Government This no.
| lcy would cripple our resources and impair
| our credit in case the existence OF war should
| render it necessary to borrow money. Should
| such deficiency occur as I apprehend
would recommend that the necessary revenue
be raised by an increase OF our present dutiss
| on imports. l 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. 81
| 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 al
| sources during the fiscal year ending 30th
the act Of 14th june 1855, and the Issue of
treasury notes authorized by existing laws,
were SS1, so, All 0l, which sum with the bal
ance of Sc 39e,3l6 10 remaining In the treasury
at the commencement of that fiscal year, made
an aggregate for the service Of the year Of
S., ,O99, ,7s7 IL.
The public expenditures during tue nscaI
year ending 31th June, 1859. amounted TO
/ $50 51,5i1 ST. OF this sum Sl7, ,4Q5 ,265 ~ were
| applied TO the payment OF nterest on the pub
| lie debt and the redemption Of the issues Of
| treasury notes. The expenditures for all other
| branches Of the public service during that
fiscal year were. therefore, s66, ,3sG2 2a6 IL -
The balance remaining in the treasury On tAs
/ lst July, 1859, being the commencement Of the
present fiscal year, was ., ,s39,275 81.
| The receipts into the treasury during the
| first quarter Of the present fscaf year. COM
| mencing July 1st, 1883, were go, ,ei6,Sd6 ess-
/ or this amount S3,s2l 800 was received on -.
/ count of the loan and the issue Of treasury
notes.-the amount Of sle,7s7,565 so having
been received during the quarter from the Or
I binary sources Of public revenue. The ssti.
| mated receipts for the remaining three quar-.
| ters OF the present fiscal year TO 3Oth juno,
1850, are $50,426, 400. OF this amount II u ~
! timated that S5,75640O will b received sbr
| treasury notes which may BE- reissned uadsr
the FIFTH section OF the act OF Sd March lask and
/ 81, ,000 on account of the loan authorised
| by the act Of June IA, 1853 making eG926 400
| lie reyenue--making an aggregate, with the
balance in the treasury on the lat Jnly, 1859,
| OF S755,3S454i 50 for the estimated means OF
the present fiscal year ending 30th June. fssoo.
the present fiscal year were e2a 0O7, ,fE -. Fear
million six hundred and sixty four thQuaand
| three hundred and sixty-sfx dollars and eoy.
enty-six cents Of this sum were applied To the
| payment of interest on the public deb. and ~
| redemption Of the Issues of treasury notssv ard
the remainder, being SIS, ,3i2 ,6Ue, were ApD3iod
| TO ordinary expenditures during the Q1artar.
| The estimated expenditures during the eyeulaih-
Ing LnTe0 quariefs, 10 June ~ tS0a, ~ ~
/ 9a5,55e 23. or which sum 3a,ee662t - areas-
/ timated for the interest on the public dehss--
| The ascertained and estimated expendttu1oa
for the fiscai year ending Both June, 1teA On
/ account Of the public debt, are, accordingly,
s7,s5a seS 10, and for the ordinary expenAkhafss
| of the Government SS3.45i,7A sa, maktpjg N
aggregate Of Sol 002 20 s9 leaving An estizNtsd
balance in the treasury on the 31th Juus, leou,
| OF &13,a6l,sos 40.
The estimated receipts during the next hs4al
| year ending 3Dth June, 1861, are o66 ~ ~
| which, with the balance estimated. ~ betoyG
stated, as remaining In the Treasury IN ~
26th Isane feeaA ywiil u,a}c An aanxan6fa Ao& ~