Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1860-06-25
4s.e7s.sea SO


From new appropriations, 46,S'SSsS 90
Aggregate expenditures, SGs,7H'2s ~
In bis letter to the Ways and Means the following re-
vsed estimates are now submitted for the same service
For unexpended balances of appropra-
tons, slIS2o,oI4 w
Permanent appropriations, S,l7S,5S2 90
New appropriations, estimated for 46,27S,S9S 90
BY deductug one from the other the exact difference
will be found as follows:
Estimated expenditures in June, $72,27s,OS9 90
in December, 66,7li,92S 90
Difference, $5,5es,l6o p
BY adding the two differences together the beauty OF
Mr. Cobbs figures will be more strikiugly illustrated
Admitted error in estimates Of receipts
for the fiscal year, see letter to Ways
and Means, $l4,6Sl, sos 90
Error in expenditures, 5,56S,l q
Total error, S2O,l94,96S q
Treasury has changed his estimates twenty millions
o, dollars for single year. And this fact suppressed
from Congress until all the appropriation bills have been
reported from the Committee of WAYS and Means, aud
the iav OF adjournment has been fixed What must the
country think Of such management Surely 1t IS no
wonder that the treasury is bankrupt and that public
confidence has entirely deserted the Administration
In his estimates ofDecember MIR. Cobb
assumes the balance in the treasury
on the goth of June, 1861 at slS,S9l,S79 81
In his recent letter he estimates tat 5.696,9ll 90
This is the sort Of figuring throughout, and examples
might be mupledto show the looseness and unreliable
itv of the treasury estimates now and heretofore.
In closing his letter to the Ways and Means Mr. Cobb
has the compaceucy to say 81 have made the foregoing
estimate of the means OF the treasury for the fiscal
year. upon the basis that Congress will authorize the re-
issue of the twenty millions of outstanding Treasury
notes. These notes will fall due during the year. and
without this authority their redemption '0odd make
additional draft upon the treasury for such amount
should be presented for payment To pay this amount
Of the public debt in the of one year. and IN the
present condition Of the treasury, IS not contemplated
Whilst no additional loan is asked for the authority to
reissue these Treasury notes is indispensable" Mr.. Cobb
had Of course some object in keeping back this huma
ting exhibit. until the closing hours of the session. He may
consider the reissue ofhe Treasury Indispensable
but the House We trust win never grant them 1t is bound
in good faith TO pay the debt already created and due and
bill for that purpose WILL probably be passed, but not
an additional dollar OF money should be granted to carry
on the government until the friends Of the Administration
show some disposition to raise revenue by modifying the
tariff Mr. Cobb processes TO be hard money man. and
vet he and his party have resoed to the shift Of issuing
notes for two years past in order to meet the current
aud ordinary expenditures which they have sweed from
fitv millions a wear under Pierce, to eighty under Blu
ehanan. And now, when the days of his power are
numbered Mr. Cobb cooy informs Congress that "it is
not contemplated 20 pay the notes which have been Is
sued. He proposes no mode OF extinction, no system
Of revenue by which a sinking fund might be created
but ONLY an ordinary renewal Ike any other bankrupt
debtor with the intention Of turning this debt and the
twenty millions already funded to say nothing of the
twenty more which be added next session, lega
ee to his successor in Office. That is to be the end Of
four wears Of such msrule as the country has never wit
messed before and it is to be hoped, will never suffer
again