The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1860-01-06


mencoment of tho present fiscal yoar was
81 339.275,54. Tho receipts into tho treas.
ury during tho first quarter of tho present
fiscal year, commencing July lsi, 1859.
were $50, s 865 s5. of this amount 2,s2l-
300, WAS received on account of the loan
and issue OF treasury notes the amount of
gle 797, sos S5, having been received duling
tho quarter from tho ordinary sources OF
public revenue. Tho estimated receipts for
tho remaining throo quarters of tho present
fiscal year, to the 30th June, 1860, $50 ,42G, :
400.
Of this amount, IL is estimated that IS,
756, 400 will be received for Treasury notes.
which may bo reissued under tho fifth
section of the act of the 81 of March last,
and Sl,l7O000 on account of tho loan au-
thorized by tho act of Juno 14.h, 1853.
making SG,92G 400 from thoso extraordina-
ry sources, and Sl3 500 900 from tho ordi-
nary sources of tho public revenue making
an aggregate, with tho balance in tho Treas.
ury, on the LIST, July 1859. of sS75 3S454l SO
for tho estimated means of the present fiscal
year ending tho 30lh of Juno, 1860. The
expenditures during the first quarter of the
present fiscal year were T20, 0,0O7 lT4.1G /;
"a 664 366 76 of this sum wuro applied to
tho payment OF interest on tho public debt
and tho redemption of the issues of Treas
ury notes and the remainder being 81 5342,-
sos, wero applied to tho ordinary expcndi-
lures during the quarter. Tho estimated
expenditures during tho ruma ming thrco
quarters, to Juno so, 1860. are S40, ,905 55S.
% of which sum Si2,S8G 62l "a arO csti.
mated for the Interest oil the public debt
Tho ascOrtaiuCd and estimated expenditure
for the fiscal year ending 30ih Juno. 500,
on account of Public debt, are acc0rdtugiy
II $50, 9SS, 10, aud for tho ordinary e1ren.
diture of tho government, &jS. .i5I.7it 50.
making an aggregate of &c ,002, ,732 so
leaving an estimated balance in the Treas
ury on the 30,h Of June, 1860, OF sl4 ,3Sl ;
S0SI0.
The estimated receipts durirg the noxt
fiscal year, ending 30lh June, 1861, are
sixty.six million two hundred and twenty.
i've thousand dollars, which with tho
bn'anco estimated as before stated, as ro.
naming in tho Treasury OH 3oth June 1860,
will make an aggregate for tho service Of,
tho next fiscal year of eighty million six
hundred aud six thousand eight hundred
oight dollars and forty cents.
Tho estimated expenditures during the next
fiscal year. ending 30th June, 1851. arc S66..
724 92S,79. OF this amount 80 1856 Cpl 81,
will DO required to pay tho interest on the
public debt, leaving tho sum of SG3 S29, :.
3O7 45 for the estimated ordinary expenses
IA the fiscal year ending 3Oth June ls5l.-
Upon these estimates, II balance will DO loft
in tho Treasury or 3oth Juno, 1861, OF
@I3SOl $40 co.
But this balance, rs we'll as that estimated
to remain in tho Treasury, on the lst OF
July, 1860, will DO reduced, by such apprO
priatiohs as shall be mado by law to carry
into effect certain Indian treaties during
tho prosOnt fiscal year asked for by the
Secretary of tho interior, to tho amount OF
1880 $50, and upon tho estimates of the
Post Master Gonera for the service of his
department tho last fiscal year. ending 30.h
June, 1860, amounting to 81 296 0O9, to
gcthcr with tho farther estimate Of that
officer for tho service Of the present fiscal
year, ending 30th Juno, 1866, being rs 526
224, making AN aggregate of O,36l GS3.-
Should these appropriations bo made, as
requested by tho proper departments, the
balance in tho Treasury on tho 30th juno
1851, wilt not il is estimated, cxcood 80 $40
1876 6l. ....
transmit tho reports of tho Secretaries
of tho Navy, Of tho Interior, OF the Post
master General. They each contain valua
bic information aud important recommends
tons, well worthy of the serious consider
alton Of Congress. II will appear from til,
report oe tho Secretary of War, that th,
Army expenditures hayO been matorlailN
reduced, by system Of rigid economy
which in his opinion offers every guarantee
that the reduction will bo permanent. Til,
estimates or tho department for tho mex
year hayo been reduced nearly two miiiion
of dollars bolow tho estimates for tho pres
ont fiscal year, and half n million of dollars
below tho amount granted for this year a
tho last session of Congress. Tho expcndI
lures of tho Post Oliico Department during
tho past fiscal year, oading on 3Oth OF juno
1859, exclusive of payments for mai
service specially provided for by Congress
out of tho general treasury, amounts Tl4.
944. 1913, 33, ani It's receipts to " 0G6 ,4S4 OF
showing n deficiency to bu supplied from
tho Treasury of &c 906 009 &c, against S5,
235 677.l5 for tho year onding 30;h june
1850. Tho increased cost of transportation
growing out of tho expansion of tho sorvic
required by Congress, explains this rapi'
augmentation of tho oxpedture. 1t is graf
! flying. however, to observe an increase o
receipts for tho year ending on the 30th o
Juro 1859, equal to SS4lS G0l 81. compare'
with these in the year ending Juno 3Otf
1858
1t is estimated that the deficiency 70
the current fiscal year will be S5, 988. Az
O4, but that for the year ending 3OIh Jun
1891, it will not exceed 81, !,842. 463. 90
should Congress adopt ;he measures o
reform proposed and urged by the Post
master General. Since the month of Marcl
retrenchments have been made in the ex
penditures, amounting to $ ,826, 37l an
nually, which, however, did not take CT
feet until after the present fiscal year.
The period seems to have arrived for dc
termining the question whether this de
partmcnt shall become a permanent an
ever.increasing charge upon the treasury
or shall be permitted to resume the sell
sustaining policy which had so long con
:rolled its administration. This course c
legislation recommended by the Postmas
ter General. for the relief OF the depart
ment from its present embarrassment, an
for restoring il 10 its original independents
is deserving of your eally and earnest COZ
sideration.
In conclusion, would again commend
tho lust liborallity of Congress tho local il
forests of tho District of Columbia. Surel
|, the City bearing tho name of Washington
aud destined, l trust, for ages to be It
capital of our united free and prospero,
confcdoracy, has strong claims on our fayo
ablo regard. JAMES HUFFMAN